[
    {
        "id": 212494,
        "series_id": 26,
        "series_slug": "histsyn-rashkb-journal-engine",
        "series_title": "RASHKB Journal 皇家亞洲學會香港分會學刊",
        "series_use_hku_proxy": false,
        "document_key": "RAS-1991",
        "page_number": 48,
        "title": "RAS-1991",
        "content_text": "28\n\nmissionary named John Fryer. Though he studied only in evening class, he learned to speak English as well as his uncle. In 1859, through his personal ties with Xu Run, he was introduced to Dent & Co. to work as an assistant in freighting and warehousing until 1868 when the firm was dissolved. Zheng then turned to a foreign tea company Heshengxiang as a comprador and later became a manager, and eventually the owner. In 1874, Zheng joined the Butterfield & Swire Co. as a comprador to its affiliate China Navigation Co. until 1881. He then turned to assist Sheng Xuanhuai in managing the China Merchants' Steam Navigation Co. thus terminating his compradorial career.\n\n34\n\nFrom Table 6 we can see Zheng was interested in a lot of modern enterprises. In absence of sources, we are unable to know the exact amount of his investment. A preliminary estimate as shown in the table was about thirty thousand taels. This is near Yenping Hao's assessment of forty thousand taels. Modern enterprises in which Zheng invested varied from commercial and financial to industrial and mining; they were scattered over Shanghai, Tianjin, Canton and other Chinese cities as well as Southeast Asia. As previously discussed, Zheng favoured joint-stock companies. He thought it was a powerful business organization and he considered it reasonable to have opened company accounts as a way to solicit support of shareholders. Zheng was quite conservative in starting a new undertaking. He had objected to Tang Tingshu's plan to establishing the Hongyuan Co. in London in 1881.35 Instead he had shown his genius in solving technical problems occurring in some guandu shangban enterprises such as China Merchants' Steam Navigation Co., Kaiping Coal Mines, Imperial Telegraph Administration, Hanyang Iron Works, Shanghai Cotton Mill and Canton-Hankow Railway Co., for which he had won appreciation from his patrons including Li Hongzhang and Sheng Xuanhuai. He had helped Sheng Xuanhuai in reorganizing the Hanyang Iron Works, Daye Iron Mines with Pingxiang Coal Mines into one limited liability company under the name of Hanyeping. It was incorporated at the Ministry of Commerce in 1908. One year later, he also reorganized the China Merchants Steam Navigation Co. into a public company. Moreover, he was a pioneer in introducing the latest methods in organising joint-stock companies, as he had translated the company laws of Hong Kong promulgated in 1865 from English to Chinese.\n\nAs a Cantonese comprador, merchant and so-called comprador-merchant as mentioned before, Xu, Tang and Zheng were all regarded as outstanding in performing entrepreneurial activities, particularly in",
        "txt_file_path": "txt/dfo323lmgvd/RAS-1991.txt",
        "external_url": "https://digitalrepository.lib.hku.hk/catalog/k356gt84j",
        "rank": 0
    },
    {
        "id": 212495,
        "series_id": 26,
        "series_slug": "histsyn-rashkb-journal-engine",
        "series_title": "RASHKB Journal 皇家亞洲學會香港分會學刊",
        "series_use_hku_proxy": false,
        "document_key": "RAS-1991",
        "page_number": 49,
        "title": "RAS-1991",
        "content_text": "Table 6\n\nZheng Guanying's Investment in Modern Enterprises\n\n29\n\n  \n    Item\n    Amount (taels)\n    Place\n  \n  \n    Union Steamship Navigation Co.\n    ?\n    Shanghai\n  \n  \n    China Merchants' Steam Navigation Co.\n    1,200\n    Shanghai\n  \n  \n    Yuehan Railway Co.\n    ?\n    Canton\n  \n  \n    Renhe Insurance Co.\nShanghai Cotton Mill\nA Paper Manufactory\nA Glass Work\nA Dairy Co.\n    ?\n?\n50,000\n?\n?\n    Shanghai\nShanghai\n?\n?\nShanghai\n  \n  \n    A Silk Filature\n    ?\n    ?\n  \n  \n    Tongwen Book Co.\n    14,000\n    Shanghai\n  \n  \n    Ma'an shan Coal Mines\n    ?\n    ?\n  \n  \n    Jinzhou Coal Mines\n    100,000\n    ?\n  \n  \n    Jilin Gold Mines\nXuancheng Coal Mines\nShandong Mines\nPingchuan Gold Mines\nMianning Gold Mines\nJianping Gold Mines\nChefoo Coal Mines\nYongping Gold Mines\n    ?\n?\nseveral thousand\n36 shares + 4,320\n20 shares + several thousand\n?\nseveral thousand\n?\n    Shanghai\n?\n?\n?\n?\n?\nPingxiang Coal Mines\nHupei\nNantaiwu Shan Coal Mines\nFujian\n  \n  \n    Chengping Silk\n    several thousand\n    ?\n  \n  \n    Kaiping\nCanton Land\n    5,000\n    Canton\n  \n  \n    Tianjin Kutang Land Reclamation\n    3,000\n    Tianjin\n  \n  \n    A Nacre Co.\n    ?\n    ?\n  \n  \n    A Reclamation Project in Malaya\n    ?\n    Malaya\n  \n  \n    Tianjin Peihailou\n    ?\n    Tianjin\n  \n  \n    A Gambling Co.\n    5,000\n    ?\n  \n  \n    Total\n    232,520+?\n    \n  \n\nSources: Wu Chang-chuan, Cheng Kuan-ying: A Case Study of Merchant Participation in the Self-strengthening Movement (1878-1884): Xia-Dongyuan, Zheng Guanying Zhuan.\n\nearly development of modern Chinese enterprises. As shown in the case of Xu, Tang and Zheng, they not only provided funds to modern",
        "txt_file_path": "txt/dfo323lmgvd/RAS-1991.txt",
        "external_url": "https://digitalrepository.lib.hku.hk/catalog/k356gt84j",
        "rank": 0
    },
    {
        "id": 212498,
        "series_id": 26,
        "series_slug": "histsyn-rashkb-journal-engine",
        "series_title": "RASHKB Journal 皇家亞洲學會香港分會學刊",
        "series_use_hku_proxy": false,
        "document_key": "RAS-1991",
        "page_number": 52,
        "title": "RAS-1991",
        "content_text": "32\n\n29\n\nThe term 'comprador' in Chinese history is quite argumentative. In late Qing times it referred to a commercial broker, an agent and employee of a foreign firm. With the rise of Chinese nationalism in the Republican period, the meaning was gradually expanded beyond its original sense to include politics in a negative meaning or collaboration with foreigners of serving interest of imperialists. In Chinese Marxist scholarship, comprador has taken on a political meaning. See Jung-fang Tsai (1981), The Predicament of the Comprador Ideologists, pp. 191-7. However, economic historians such as Wang Jingyu, realizing the role of Chinese merchants in the economic development of the nineteenth century, said they included compradors who had large investment in modern enterprises, been active in huashang fugu huodong as well as buying capital in from foreign aggressive enterprises. See Wang (1965), Shijiu shiji waiguo qinhua qiye zhong de huashang fugu yundong (The Activities of Chinese Merchants to Buy Capital-Shares from the Foreign Aggressive Enterprises in China During the Late Nineteenth Century) and (1983b) Shiji xifang ziben zhuyi dui Zhongguo de jingji qinlue (The Economic Invasion of Western Capitalism on China in Nineteenth Century), pp. 483-526.\n\n10 Xu Run, Qing Xu Yuzhi xiansheng Run zixu nianpu, pp. 4-5.\n\n31\n\nAs Xu himself stated, the estimate value of this amount after discount should be 3,219,470 taels. See ibid, p. 68.\n\n17 Other investments, though the amounts are uncertain, can also be ascertained from his autobiography. They are: a pier company at Guangdong, a grocery at Shanghai; also silk cloth shop, tea shop, partnership in Huya'an Insurance Co., Huaxing Insurance Co., Difeng Co., Shanghai Land Investment Co., Ltd., Shanghai Tramway Co., Xunhuan Newspaper in Hong Kong, a water works, and Tongyi cultivation company in Guangdong. See Qing Xu Yuzhi xiansheng Run zixu nianpu, preface.\n\n33\n\nSee Liu Kwang-ching (1962), Anglo-American Steamship Rivalry in China, 1862-1874, p. 155.\n\n14\n\nSee Hao (1970a), p. 100. As Xia Dongyuan found that in the Zheng's zhushu (will) written in 1914, Zheng regarded 4,088 taels the interest from share-stocks as one of his main sources of income. See Xia (1985b), p. 268.\n\n35 See Zheng Guanying, Zhi Li Zhaomin Fangbo lun zhuang Lundun Hongyuan Gongsi (Letter addressed to Li Zhaomin in discussing the founding of Hongyuan Company in London), in Xia Dongyuan (1988a), pp. 507-3; Wu Chang-chuan (1974), pp. 86-8.\n\n36 As Wang Shui has concluded from various sources, during 1840 to 1894 Chinese compradors had accumulated a total income of about half a billion taels, see Wang (1983), Qingdai maiban shouru de guji jiqi shiyong fangshi (An Assessment of Compradors' Income and Its Spending Ways in Qing Dynasty), pp. 298-307.\n\n37 See Thomas G. Rawski (1970), Chinese Dominance of Treaty Port Commerce and its Implications, 1860-1875, pp. 451-73.",
        "txt_file_path": "txt/dfo323lmgvd/RAS-1991.txt",
        "external_url": "https://digitalrepository.lib.hku.hk/catalog/k356gt84j",
        "rank": 0
    }
]