CHINESE COMMUNIST ECONOMIC ACTIVITIES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R010000050007-2
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 2
• Document Creation Date: November 9, 2016
• Document Release Date: April 19, 1999
• Sequence Number: 7
• Publication Date: January 24, 1952
• Content Type: REPORT

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
rovinci.al 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.
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DISTRIBUTION COb i
ARMY
~_.~ . etA 8 A
6 + ReletIsO
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CONFIDENTIAL/CO. ~'`t b) = -i
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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