1. SHIPMENTS FROM HONG KONG TO COMMUNIST CHINA 2. CHINESE COMMUNIST RESTRICTIONS ON CASH TRANSACTIONS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R008100270004-3
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 14, 2016
• Document Release Date: May 4, 2001
• Sequence Number: 4
• Publication Date: July 11, 1951
• Content Type: REPORT

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COUNTRY
SUBJECT
PLACE
ACQUIRE
DATE OF
INFO.
NO. OF ENCLS.
(LISTED BELOW)
SUPPLEMENT TO
REPORT NO.
1. As of mid-June 1951 the vessels HUM, 11W Ay , CH" UN SEENG and RAN YANG1 were
making frequent trips between Hong Kong and TientsinV usually carrying large
quantities of hardware, truck tires and chemical supplies to Tientsin from
Hong Kong, and bean products, peanuts and sea food from Tientsin to Hong Kong.
2. On 26 June 1951 the following boxes of trunk parts, all of which had been
purchased for the Chinese Coxmnuaists by buyers in Hong Kong, were shipped
from Macao to Canton on the SS HO CHI of the Ho Chung Transportation Company2,
Laaoao:
Approved For Release 2001/1ij.k-RDP82-00457R008100270004-3
C S r t is f L`~T U. S. OF!-ICIALS OILY
CENTRAL INTELLIGENCE AGENCY REPORT NO.
INFORMATION REPORT
Hong Kong/China /aa oa o
CD NO.
DATE DISTR. 11 July 1951
1. Shipments from Hong Kong to communist China NO. OF PAGES 2
2. Chinese Communist '%striations on Cash
Transactions
a. 49 boxes Which arrived in kaoao from Bong Kong on 21 June on the 33 TA LAI
-and were turned over to YUNG Chi ( (,b) of the Ho Chung Transportation
Company.
b. 49 boxes which arrived in Laoao from Hong Kong on 22 June on the SS TA LAI,
and worry turned over to the To Hsing Company3 for storage.
o. 36 boxes which arrived in .acao from Hong Koa on 22 June on the SS LI
HANG, and were turned over to the Sun Yuan () Company for storage,
3. By 1 July 1951 the Fung Keong Rubber #anufaotory4 had sent 600,000 pairs of
rubber shoes from Hong Kong to Canton.
Beginning 26 June 1951, 1O Huai ( ?'r , head of the Economics Section of
the Economics Committee of the Chinese ommunist Central Kwangtung Commissioner's
Office, hold conferences with representatives of all commercial and industrial
concerns. At these conferences L..O announced that in the future no business
concern, whether government-controlled or private, in Central Kwangtung would
,be permitted to have more than JLP 2,000,000 in cash on hand. All cash in
excess of that amount was to be deposited in government banks, and all payments
in business transactions involving more than JI1P 2,000,000 must be made by
Document Ho. _________ I
No Change In Class.
0 Declassified CIA=FICATIO
Cis S&T ~ p x o1tA TS w
A t re fs _.
? cur.
Dat@. ------~a~a~2$--- By:
CONFIDENTIAL
25X1A
Approved For Release 2001/12/04: CIA
 Approved For Release 2001/12/04 :., -RDP82-00457R008100270004-3
~ DENT,
TROL U.S. OFFICIALS ONLY
CENTRAL I TEL IJ G EM CE AGENCY
checks drawn on deposits in government banks: The date at which this system
was to go into effect was not stated.
25X1A 1'
25X1A 2n Comment.
in raosio~
reported a Ho Chuag Compaay
25X1A
25X1A .3_ 25X1A
25X1A 4,
MMIM Comriient. third company was to make
700,000 pairs of rub.)er-.soled shoes tor the Chinese Communists.
, 1ka14tOL - U.S OFFICIALS ONLY
25X1A
Approved For Release 2001/12/04: CIA-RDP82-00457R008100270004-3