t
N. S.
1
H
AND & 70 K
LTD
22A/E
8th September 1967
Dear Sirs:
13 SEK 1967
The situation in Hon korut, any u would have already observed from newspapers is so critic 1 tht every businessman has to take precaution towards purchase and sale.
Since May, many people were killed by police. Thousands were arrested and jailed, and hure reds were seriously injured. Bomba exploded everywhere, even 1. the lift of Hilton Hotel and Government Buildings. The border is tense, The search by police is so extensiv that people avoid to go out
Money is pouring out of Hong-ong. Tourist dare not to come here. Banks are facing crises. Shops and factories are closed. Rich people are seeking to stay abroad. Manufacturers are considering to move their factories to singapore or other places.
will
People just have no confidence, and do not know how all happen
tomorrow,
Perhaps some aroers will be given to us soon, but it cannot be certain that in view of the general strike, and short of mterial
No on goods can be delivered in time, and supplied upto samples. can say that the factory, with whom, the order is placed will not be closed, and that stones will not be shipped in view of the prevailing financial difficulty. If orders will not be exaquted to your satisfaction, we would prefer to do less busine as rather than to run a risk.
Meanwhile, we must ask for payment by L/C, as most banks refuse to consider bills on D and DP terms. Even if such hills are, at the moment purchased, there is no assurance that they will not be turned, down at the time of shipment.
WJR/hp
Yours faithfully ✔. S. RICHARD & CO.,
LTD.
!
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