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Www Savings2ndmortgage Tag Movers Savings 2nd Mortgage Paul Tsui Ka Cheung's Memoirs 1a

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Tag J Www ssearch searchs Tag w Movers e Savings2ndmortgage v Movers rsearcht Movers i Movers g Www wss Savings2ndmortgage a Savings2ndmortgage i Www gu Tag Tag iesearchy Tag a Movers d Www wsearchl Savings2ndmortgage hsearchr Tag a Savings2ndmortgage e searcht Movers e Tag Gesearche Www a Www searchtsearchi Movers esearchosearch 1search2 Movers ,searchw Savings2ndmortgage e Tag searchr Savings2ndmortgage n Movers , Tag T Savings2ndmortgage a Tag s Tag ad Www e Movers rsearchesearch tsearchpp Savings2ndmortgage d Movers Tag unsearchin Movers ,a Www d Movers msearchnsearch hsearchpsearch s Www ssearchesearchde Www searchusn Savings2ndmortgage s Tag ak Movers ng Movers it Savings2ndmortgage i Www tu Savings2ndmortgage l Tag y Movers Tag m Savings2ndmortgage o Tag ssearchbl Tag f Movers r Www tu Movers ets Savings2ndmortgage t t Movers esearchd Savings2ndmortgage l Www s Savings2ndmortgage e Savings2ndmortgage Movers vn searchfsearchtsearche Savings2ndmortgage searche Www e Www willin Tag . Movers Osearche Savings2ndmortgage searchalf Movers o Movers t Movers e tu Movers en Www s Www esearchrolled and some of the activist teaching staff decided to go along with the strike and withdrew. Many returned to Canton or other parts of the China. The school could not function and had to be closed. For a few months prospects were so uncertain that we wondered whether we could survive. In effect it meant no students were paying their fees, hence no money to pay the wages for the theachers and not enough money even to pay for the food we need. The General Strike started early in June and lasted right up to mid October, when the Kuomingtang Army, after winning battle after battles in its Northern Expedition, established its Goverenemt in Nanking. The newly established KMT Government called off the strike on 10th October, the National Day of China. It was after mid October when things began to quiet down, when students and teachers began to return and when classes were resumed. With the activist teachers and students gone, it did not take long for Wah Yan to regain its momentum. By 1929 Wah Yan College was able to celebrate its Tenth Anniversary, the name Wah Yan excelled not only by the results of its students in Public Exams; namely (i) the Junior Local (ii) the Senior Local and (iii) the Maticulation Exams for the Univeristy of Hongkong, but also in the ready acceptance for employment of its "school leavers" in the public as well as in the private sectors.

When Wah Yan was enjoying the very best reputation it could have hoped for, my father had the foresight to recognize that while teachers would understandably continue to ask for increased pay because of the needs of their growing young families, the school could not yeqwar after year continue to increase the fees it charges. He saw the need to invest elsewhere in order to earn additional income to pay the teachers. Together with his partner Mr.̆é†í† Ȇï†ù† ̆á†î† they began to diversify thier investments into other commercial ventures. Unfortunately, excellence in the skill of teaching had no relevance in the skill in commerce. They both lack the necessary expertise and business acumen to make a success in their business ventures. Inspired by the success of an existing fast moving coastal passenger carrier the 킯‚ö‚ ¢‚Âè‚é‚õ‚ Âè‚ï‚÷‚¢‚ ( ) which was already doing brisk business shuttling between Hongkong and Ó‚÷‚á‚ô‚ï‚÷‚¬‚ they ventured jointly with the Procurator of the Catholic Mission in Hongkong, the Rev. Fr. †é†á†î†ã†è†é†ï†, PIME, to buy a "war surplus" disarmed and disused former German gun boat, reputed to be just as fast if not faster than the m/v "Chiu Chow", bringing it back all the way from Hamburg to Hongkong, intending to convert it into a coastal passenger carrier, sell it to a local shipping interest for coastal passenger and freight service in competition with a proven successful forerunner. For technical advice, they relied on a veteran master mariner, a Capt †ò†á†î†ä†ô† from Germany, whom they hardly knew. Due to their own naivety and lack of relevant experience, they did not realize that it took time and would cost a lot of money to employ a competent crew to navigate the ship all the way from Europe, to buy the necessary fuel to move the ship over such a long journey, to revive the long disused engine and keep it going, before the ship could be brought to Hongkong. It had never occurred to their minds before then that dues had to be paid for tying up a ship in a harbour, even if the ship was lying idle waiting for money remittance to buy fuel to enable the ship to continue its journey. The miscalculation brought with it unanticipated cash flow problems for which adequate provision had not been made. Thus instead of making a profit, they lost a lot of money which nearly ruined all the three of them. Nay that was not the full story. Simultaneously in Hongkong the three partners also invested a substantial amount in buying over a small shipyard, the Ó‚ï‚õ‚ô‚è‚ Ã‚è‚é‚î‚á‚ Ó‚è‚é‚ð‚ Ù‚á‚ò‚ä‚, specialized in building medium and small size motor vessels, in Ô‚ï‚ë‚÷‚á‚÷‚á‚î‚. After building the firt two lighters, the shipyard had no more ship to build. The venture proved equally disastrous for the investors. Of all the time there were in history to start a business, they picked the ÷‚ò‚ï‚î‚ç‚ year (1930), when the "crash" of the NY Stock Exchange in October 1929 marked the beginning of the world wide "great depression". Luckily the 3rd of their diversified ventures (in which the Catholic Mission was not involved) was not that disastrous. Talked into by one of my father's cousins Ì†é† Æ†ï†ï†ë† Æè†å†ï†î†ç† ( ) ñÀ‚öÀ‚, who came back to Hongkong from ‚ò‚é‚ô‚é‚ó‚è‚ Î‚ï‚ò‚ô‚è‚ Â‚ï‚ò‚î‚å‚ï‚ seeking treatment of his hemorrhoids, my father decided to venture a smaller amount of capital in a longer term project of clearing some 300 acres of grounds to start a rubber plantation in Ê‚å‚ó‚ó‚å‚ì‚ô‚ï‚î‚ Â‚ò‚é‚ô‚é‚ó‚è‚ Î‚ï‚ò‚ô‚è‚ Â‚ï‚ò‚î‚å‚ï‚, now Ë‚ï‚ô‚á‚ Ë‚é‚î‚Ⴀ‚á‚ì‚õ‚¬‚ Ó‚á‚â‚á‚è‚, Å‚á‚ó‚ô‚å‚ò‚î‚ Í‚á‚ì‚á‚ù‚ó‚é‚á‚, for which relatively cheap labour could be indentured from China. It was made quite clear from the start that it would take some seven years for the rubber trees to mature and to yield, and that prices for rubber fluctuate according to world demands. By 1938, the venture proved successful.