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Yuk-tong of Hongkong made an issue of $5,000,000 for his own benefit. Colour is lent to this belief from the fact that he left Hongkong a poor man but has, since his return, invested very largely in the Colony and is now reported to be a rich man. His successor has not been able to make a note issue to himself, but his methods as Master of the Mint and of the Currency and Note Redemption Departments are, I am informed, open to the gravest suspicion. Notes can be bought in Canton City at a discount vary- -ing from 30 to 40 per centum. A few favoured individuals can it is said, get them readily exchanged at par for subsidiary coin while the public can only get a few hundred notes exchanged after an infinity of trouble and a delay of 2 or 3 days. There is thus the gravest dissatisfaction in the City and out of it:
the majority of the Hongkong Merchants, who are of course deeply interested do not conceal their disgust. Only perhaps the Sz
Yap party, who are responsible for most of the present appoint-
-ments in Canton appear to be satisfied. As a natural consequence
the air is full of plots and counter plots. The Fu Ching Tung
Mang Ui was the first of these plots to come into prominence: it
was supported by Sun Li (Sun Man's brother, now still at work in the same cause in Macao) Wong Wo Shun, who had already been in open revolt in Canton, and had been driven by the Government troops from Whampoa after something approaching a battle, Young
Man Fu, Kwan Yan Po and it is also said by Wong S2 Lung. Wong Sz Lung is a military man of some ability who was appointed joint Lieutenant-Governor with Chan Kwing Ming under Wu Hon Man; this arrangement only lasted a short time, but long enough for Wong
Sz Lung to have become popular with quite a large following. The object of this Fu Ching Tung Meng Ui is to overturn the present Government by much the same methods that were used by the Kak Meng T'ong against the Manchus, but these methods do not suit the times or the object, and the main organization has split up into a number of subsidiary plots, all more or less independent
of
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