Memorandum, Watch List Summary of T. K. Li & Company, Ltd.

DECLASSIFIED E.O. 12065, Sec. 3-402 State Dept. Guideline, June 12, 1979 By NLT- NC NARS, Date 7.16.40 2-48-D-352 "NATIONAL ARCHIVES AND RECORDS Subject: Watch List Summary of SERVICE" T. K. LI & COMPANY, LTD. 206-8 Windsor House, Hong Kong WTDR dated To Ko Ii & Company, Ltd., was incorporated as a Chinese limited 9/14/50 liability company on November 8, 1938, with an authorized and fully paid in capital of HK$500,000. The firm operates as im- porters and wholesalers of fertilizers, chemicals, dyestuffs, tires, machinery, and general merchandise, acting as sales agents for numerous well-known American firms. It exports tungsten, antimony, tin, bristles and other South China produce. Mr. To K. LI is the managing director and controlling stockholder and Mr. W. M. TING is the manager. To K. Li & Company, Ltd., reportedly maintains a branch office at Taipei, Formosa, and is represented in the United States by the Wah Chang Trading Corporation, 233 Broadway, New York 7, N. Y. The latter firm, Wah Chang Trading Corporation, was reportedly formed in 1916 under the laws of the State of New York, and according to a WTDR dated September 29, 1947, established branch offices at Shanghai, Hong Kong and Bangkok. The capital stock of Wah Chang Trading Corporation is said to be controlled by T. Ko Li and his brother, K. C. Li. This corporation's board of directors included Messrs. Ko C. Li, Chairman; his brother To Ko Li, President and General Manager; and three Americans, Messrs. Warren Lee Pierson, a former president of the Export-Import Bank of Washington; Summer 13-60-186 Ford; and Thomas F. Moran. During May and August, 1949, the American Foreign Service offices at Peiping and Tientsin reported that Wah Chang Trading Corporation was affiliated by joint investment with the Yuan Tung Development Corporation, Tientsin, China, a concern that was formed subsequent to the occupation of Tientsin by the Communists, probably for the purpose of reestablishing North China- Japanese trade in conformity with the desires of the Communist Government of North China. I. S. File By restricted T-1493 dated November 24, 1950, the OIT requested an 13-50-1430 end use investigation by the American Consulate General at Hong Kong in connection with an application for a license filed by Wah Chung Trading Corporation, New York, to export two thermocouple heat indicators and lead wire valued at $292.00 to the New China Cutlery Works, Hong Kong, through To K. Li Company, Ltd. The Consulate General reported by confidential D-1630, April 25, 1951, that T. K. Li & Co., Ltd., wished to cancel its order for the heat indicators and lead wire. 2-37-142-99 A controlled American source report dated mid-May, 1951, and graded B-3, alleged that Mr. To Ko Li, brother of Ko C. Li who was described as governor of the New York Commodity Exchange and Chairman of the