Document Type: 
Document Number (FOIA) /ESDN (CREST): 
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Original Classification: 
Document Page Count: 
Document Creation Date: 
November 9, 2016
Document Release Date: 
April 19, 1999
Sequence Number: 
Case Number: 
Publication Date: 
January 24, 1952
Content Type: 
PDF icon CIA-RDP82-00457R010000050007-2.pdf124.75 KB
Approved For Release 1999/09/09 : CIA-RDP82-00457RO10000050007-2 i IaJ ` `C1 11,`t` IC 1 ` POr T SECURITY NFORD ATICN CI=NTRAL INTE G 1 Ey A ENQY OLASSSl 'ICATION CONFIDE r1:TIIL/CONTROL - U.S. OFFICIALS ONLY COUNTRY China/3iong Kong/Ma'oao /Phil1ppines SUBJECT Chinese Communist Economic Activities NO, OF PAGES 2 PLACE ACQUIRED [SATE OF : IN FO,, 25X1X =25X1.A REPORT N.O. CD NO. 25X1A DATE DISTR. 24 JAN 52 NO. Off' ENCLS. (LISTED BELOW) SUPPLEMENT TO REPORT NO, 25X1X 1. In early November 1951 the Nan Kuang Trading Compaz~: :p~xrohased 7,000 sheets of iron .plate~-and 3,000 sheets of whitq ironl in. Ho Kong.2 On, 10 November these sheets were smuggled on fishing junks to the T'ai Ping Warehouse in Macao. The Wan Yuan Company3, as- agent for the Nan Kuang Company, sent the sheets to Canton in motor junks.. 'In mid-November thei Wan Yuan Company was at 37 Estrada da Caoilha, Macao. 2. In early. November, Cruz and Son, 813 Malate and 1713 Quezon Boulevard, Manila, repeated their o,#er to sell anti-aircraft Kunst rifles, sub-machine guns, and: thirty million rounds of mmunition to the Chinese Communists. These arms were previously oontrao 4-1-tv.. a buyer for the Chinese Communists, but ._ Cruz and Son tefused delivery hon. the buyer failed in the performance of the contract. 3. IXi early November S. K. YOTNG4 claimed optional rights on the disposal of 1:60 transmitter-reeetver sets, type Mark 11-19. The sets, which were in Hong Kong, were the property of a Manila firm. Between 13 and 23 October the Chinese Communists transported silver ingots and 20-oent silver.. coins to Macao via the Ch'i-kuan highway to be used to obtain foreign exchange. On 17 October six cases of coins, packed in wooden cases, arrived at Macao. The coins were being stored in the Number 1 ware- house of the T'ai Ping P-state Company, on the waterfront iii Esia fuan, near the Nan Tung Bank, Macao.5 rovisional Couno1l and mayor V'11nhig (109-49, 2 5. In August 1951 K'0 Ching-lien6, formerly aaa~ en*,_a1_of the Kwangtung NAVY. oI1SRB DISTRIBUTION COb i ARMY ~_.~ . etA 8 A 6 + ReletIsO A4 CONFIDENTIAL/CO. ~'`t b) = -i T --a ce -OF I~IALS CK. Approved For Release 1999/09/09 : CIA-RDP82-00457RO10000050007-2 CONFIDENTIAL CONTROL U. S. OFFICIALS ONLY CENTRAL INTELLIGENCE AGENCY - 2 -- 25X1A served as broker for the purchase of two airplane engines by the Nan Kuang Trading Company. K'O, believed to be in Hong7Kong in mid-October 1951, has been, supported politically by LIN I-chung , chairman of the former Kwangtung Provincial Provisional Council. 1., 1111111comme Presumably this refers to galvanized iron. 25X1A 2. Comment, This transaction prrports to have taken place within 25X1A two weeks of the reported failure of the Nan Kuang Company and closure of Chinese Communist buying in. Hong'Kong and Macao, reported the 25X1A arrival in Macao of steel and zinc plated on 12' No7z~ber, 3. 25X1A 4. Comm-went In April 1951 S. K. YOUNG, a dental and oral surgeon, 25X1 A 77171 ina Buildinng, Hong Kong, had arms and surplus supplies available to him through his association with President Qairinots son, according 25X1A 25X1A 5. linen t? on 19 October Macao 25X1A mnnun sts were dtsousing the disposition of 95 tons of silver coins stored at the Nan Kuang Company, Other shipments of silver to Macao have been reported It will be nobbd. that the one 25X1A reported above occurred shortly before Macao and Hong Kong buying was suspended by the Chinese Communists, partly at least because of a shortage of foreign exchange, 6. 25X1 A 7. 25X1A CONFIDENTIAL/CONTROL -U.S. OFFICIALS ONLY Approved For Release 1999/09/09 : CIA-RDP82-00457RO10000050007-2