CO129-485 - Governor Sir Stubbs - 1924 [8-12] — Page 181

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

ان

የነ።

ber

-teb

gino Dripmet beroa sub to due (aaijer

F

SMDO STAN nanno dova

-Entien

164

Precis of letters found in 112 Des Voeux Road the premises of the Yuk Shing Chong. Detes are Chinese calender, the

Chinese new year was 5th February, 1924.

Je

4

Aleah vecumu kufak ·

*

m te kort yoh jostumes horaiq→

„park. S oflex cond

and prang vi blank

DI

Lettere addressed by Kwang Fat Yuen per Chan Pik Hon (sec partnership book) of Kwong Chow Van to Yuk Lun of Yuk Shing Chong i.e. Cheng Yuk Shing of the partnership book.

1. Date 9/1. We object to your using the firms money for other purposes and so making us short of funds. believe that the chop "Tin Shing" is very well know in Unite States of America. The retailing in Shanghai is in your hands only, the price of Persian and Bengal opium is so reasonable this year that it lies with you to make three times as much profit for the firm as last year, if you will only carry out your original intentions, instead of only

looking after your om private interests, and disregard ing

those of thefirm, by using all the firm's money in private

house speculations. Unless you pay more attention to the

interests of your fellow partners the firm will surely come

to grief.

2. Date 18/1. Ah Ping has brought news from Hongkong that you have sold some property, we hope you will be able

to reimburse the firm out of the proceeds. 2 days ago we

ment you a telegram to say that your order ms ready and requesting Yu Kwong to come to Chek Ham (Kwong Chow Tan) to take delivery. These goods were bought at a very low price. The firm is short of money at present but I am willing to put up $10,000 myself to buy material for boiling. Please collect orders, terms to be cash or at least 70 or 80 per cent cash, in order to avoid having money locked up in goods. The Shanghai market price for "Big Sugar" is $330, the Hong Kong market price is $260 to $270. Chek Hem price is from 8,400 upwards. The price is tempting but the firm has no mongy to buy. So please collect all outstanding accounte

in

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