Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-30

COIlpleA as the nina OF maj
Sius' usually impassive face
broke into a smile.
This may be our break" he
said. That's Pao Hong Loon,
a small-time money-changer, a
hanger-on in our underworld.
The last time he was arrested,
l went rather easy on him. I
think we can collect on that
debt.
Pao Hong Loon was brought
in. Ogden didn't know what the
Chinese detective was saying to
the money-changer but he fig
ured it must be working be-
cause Pao began to talk.
AS Stu translated, a grin
crept over the Americans face.
The pattern of conspiracy was
emerging.
He says as far as he knows,
an agent in Hong Kong is
called from Manila and told
that the money envelopes will
be hidden on a certain Plane"
the detective reported.
THE Chinese agent in Hong
Kong contacts an airline en-
ploye at Kai TAX to pick up
the envelopes when the plane
lands. Each envelope bears a
Chinese character which tells
the agent where it is to be de-
livered. When the merchants
get their envelopes, they place
their chop marks on the checks
and money orders and sell them
to the On Lung Bullion Brok-
erS or deposit them in the Dao
Heng Bank"
Stu, 1t developed, had been
right about the Oriental mind.
Faced with the facts disclosed
by Pao Hong Looms story, the
merchants admitted their roles
in the conspiracy and, to o.
den's amazement, they did it in
perfect English.
Front for Reds
Like the merchants, the
manager of the On Lung Bull
lion Brokers side-Stepped Siu's
questions until he was sure the
detective knew how he had ac-
quired the money orders. Then
he admitted that the United
Hong Kong Co., Ltd, had been
established in New York to act
as a collection agency for dol
lar instruments bought in
Hong Kong. He CLOSED over
what happened after the pa
pers were shipped to New York
and deposited in a bank for col
lection. But Ogden gathered
the United Hong Kong Co. was
a front for the Chinese Reds.
When the Communists wanted
American equipment, the
United Hong Kong Co. would
place the order and have it
shipped to Hong Kong, paying
for 1t with a check drawn on
its account at the New York
bank. The equipment would
then travel by junk from Hong
Kong to Red China.
At the Dao Heng Bank o.
den's eyes widened when he
saw a battery of Chinese girls
calling all over the world for
the latest rate Of exchange in
every currency. He was even
more surprised when the man
ager showed him a subterran-
can vault stacked to the CELL
ing with millions of dollars
worth of gold bullion. And he
was beyond surprise when he
was ushered into the banks
board room, exquisitely fur
nished in rare Chinese woods
and decorated with jade orna-
mentS.
The manager explained that
his firm maintained its own
account in a New York bank.
When a merchant placed an
order with an American firm,
the Dao Heng Bank covered the
purchase with a cashiers check
drawn on its New York &C
count. The money orders
smuggled out Of Manila. Ogden
knew, we're bullying that New
York bank account.
Returns to Monilo
Flying back TO Manila, Og-
den reflected that he had UNI
masked the supply line Of the
Chinese Reds but he still
hadn't located the supply base
In the Philippines. That would
have TO wait. His next order OF
business would have TO be the
counterfeiters.
Some Of the counterfeit APO