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Mar. 12th 1938

Darling Ya ching,
Have just received your letter and your father's also inclusive. 
The passport, I doubt you have hand over to me. If so, I will be back from 20th to 25th to find it for you. 
If it is difficult to get capital for $250,000, we might reduce it to $100,000. You see we already have six shareholders here with each of $10,000. - including your Papa will be $70,000. It will not hard to get another three partners. Personally, I would like Mr. To Yet Sang to join in as a shareholder & he will be the chairman of directors, because with his name in the Co. we can arrange things much easier. You ask father to see Mr. To about this. One of his student Mr. [[chinese characters]] is also an active partner of ourse. He