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therefore in the hands of shopkeepers, compradors and pedlars of whom there are many, though their transactions when considered as a whole are but trifling.'
12
In his remarks on native trade, Gutzlaff states that an attempt had been made by a Cantonese capitalist to establish himself in Hong Kong. He is referring to Chinam, alias Chan Akuen, who with three other partners operated under the firm name of Tun Wo *. The Colonial Treasurer, R. M. Martin, also refers to him in his report: "One man of reputed wealth named Chinam, who had been engaged in the opium trade, came to Hong Kong, built a good house, and freighted a ship. He soon returned to Canton, and died there of a fever and cold contracted in Hong Kong. It was understood, however, that had he lived he would have been prohibited from returning to Hong Kong",13
In June, 1843, Chinam bought Marine Lot 54 from Richard Oswald paying $8,000. At the time it had on it a Singapore frame house14 with brick enlargements. On the lot Chinam proceeded to build a large Hong in the Chinese style, but before the building was completed, he died in July, 1844. With his death the firm closed down its operations in Hong Kong and most of the Hong stood unoccupied for a number of years. One of Chinam's partners, Chan Chun-poo, was appointed his administrator, but due to irregularities in his handling of the estate he was imprisoned in 1854, and remained in prison for two years. He petitioned the Government for his release on the grounds of his advanced age. The property of Chinam's firm was sold in 1854 to Ow Yeung Sun, a trader from the San Wui District in Kwang Tung.
Another Canton firm that established itself in Hong Kong in the early days was Akow and Company. It was not in the same class as Chinam's Tun Wo firm, but its position was above that of the shopkeepers and tradesmen concentrated in the Bazaar areas. The company was granted Inland Lot 22 located at the corner of Queen's Road and Pottinger Street in the European section. The firm consisted of five partners, of whom Cheung Kam Cheong was resident in Hong Kong. He began to speculate in real estate and bought several lots at Government land auctions. His land investments were not successful and
Page 90
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84
CARL T. SMITH
therefore in the hands of shopkeepers, compradors and pedlars of whom there are many, though their transactions when considered as a whole are but trifling.'
12
In his remarks on native trade, Gutzlaff states that an attempt had been made by a Cantonese capitalist to establish himself in Hong Kong. He is referring to Chinam, alias Chan Akuen, who with three other partners operated under the firm name of Tun Wo *. The Colonial Treasurer, R. M. Martin, also refers to him in his report: "One man of reputed wealth named Chinam, who had been engaged in the opium trade, came to Hong Kong, built a good house, and freighted a ship. He soon returned to Canton, and died there of a fever and cold contracted in Hong Kong. It was understood, however, that had he lived he would have been prohibited from returning to Hong Kong",13
In June, 1843, Chinam bought Marine Lot 54 from Richard Oswald paying $8,000. At the time it had on it a Singapore frame house14 with brick enlargements. On the lot Chinam proceeded to build a large Hong in the Chinese syle, but before the building was completed, he died in July, 1844. With his death the firm closed down its operations in Hong Kong and most of the Hong stood unoccupied for a number of years. One of Chinam's partners, Chan Chun-poo, was appointed his administra- tor, but due to irregularities in his handling of the estate he was imprisoned in 1854, and remained in prison for two years. He petitioned the Government for his release on the grounds of his advanced age. The property of Chinam's firm was sold in 1854 to Ow Yeung Sun, a trader from the San Wui District in Kwang Tung.
Another Canton firm that established itself in Hong Kong in the early days was Akow and Company. It was not in the same class as Chinam's Tun Wo firm, but its position was above that of the shopkeepers and tradesmen concentrated in the Bazaar areas. The company was granted Inland Lot 22 located at the corner of Queen's Road and Pottinger Street in the European section. The firm consisted of five partners, of whom Cheung Kam Cheong was resident in Hong Kong. He began to speculate in real estate and bought several lots at Government land auctions. His land investments were not successful and
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