W.S. RICHARD & CO.
HONG KONG
20/10/1
भ
11th September 1967
Dear Sirs:
The situation in Hongkong, as you would have already observed from
ewspapers, is so critical that every businessman has to take precaution towards purchase and sale.
Since May, many people were killed by police.
Thousands were
Bombs
arrested and jailed, and hundreds were seriously hurt. exploded everywhere, even in the lift of Hilton Hotel and Government Buildings. The border is tense. The search by police is so extensive that people avoid to go
out.
Tourist dare not to come here.
Money is pouring out of Hongkong.
Rich Banks are facing crises. Shops and factories are closed.
Manufacturers are considering people are seeking to stay abroad. to move their factories to Singapore or other places.
People just have no confidence, and do not know how will happen tomorrow.
Perhaps some orders will be given to us soon, but it cannot be certain that in view of the general strike and short of materials,
No one 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 down. If orders will not be executed to your satisfaction we would prefer to do less business rather than to run a risk.
Meanwhile, we must ask for payment by L/C, as most banks refuse to consider DA, and DP terms. Even if they would now accept these bills, there is no assurance that they will not turn down at the time of shipment.
A
Yours faithfully,
W. S. RICHARD & CO.
اند.
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