Memorandum re Universal Trading Corporation

2-48-D-335 SUBJECT: UNIVERSAL TRADING CORPORATION 630 Fifth Avenue, New York 20, N. Y. 495 Honan Road, Shanghai, China Keelung, Formosa CRITERION TRADING CORPORATION 630 Fifth Avenue, New York 20, N.Y. UNIVERSAL TRADING CORPORATION 630 Fifth Avenue, New York, N. Y. D & B Report The Universal Trading Corporation was organized under the laws of the dated 2-16-39 State of New York on October 18, 1938. Authorized capital $500,000, consisting of 5,000 shares, par value $100, all issued and outstanding, no funded debt. Reportedly, the Universal Trading Corporation was formed to take the place of Mr. K. C. LI and the WAH CHANG TRADING COMPANY in making purchases in the United States on behalf of the Chinese National Government, and out of funds granted to China by the United States Government. The officers and directors were listed as: K. P. CHEN, Managing Director of the Bank of China, Director of the Central Bank of China, Director of the Bank of Communications, China Development Finance Corporation, etc., Shanghai; HSI TE-MQU, General Manager of the Central Bank of China, General Manager of the Bank of Communications, etc., Shanghai; S. D. REN, Manager of the Fu-Tien Bank, Shanghai, Foreign Trade Commissioner, China National Government; ALFRED B. JONES, Director of Botany Worsted Mills, Globe & Rutgers Fire Insurance Company, North American Clay Company and Camden Trust Company, Chairman of the New York Turmel Authority; LAWRENCE MORRIS, Attorney, Partner of Hawkins, Delafield & Longfellow, 49 Wall Street, New York. Lir. K. P. CHEN, as representative of the Ministry of Finance of the China National Government, or Chungking Government, had general charge of the operations of the corporation. Mr. HSI TE-MOU was listed as President and Treasurer, Mr. S. D. REN as Vice President and Secretary, Lir. JAMES A. BULL, Assistant Treasurer. D & B Report As Purchasing Agent in the United States for the China National dated 9-25-44 Government, the Export-Inport Bank made available to the Universal Trading Corporation a commercial credit of $25 million in 1939, shortly after its inception. Subsequent additional credits were made by the same agency in the aggregate amount of $120 million. During 1943, it was reported by the management of the corporation that the original $25 million advance had been repaid, leaving an outstanding balance of $95 million. DECLASSIFIED E.O. 12065, Sec. 3-402 State Dept. 1979 ccros. LTA. 5-31-79 By NLT- He NARS, Date 7-16-80