From left: John Marden, of Wheelock, Marden and Co., shipping tycoon Pao Yue-kong Pao, Tormod Rafgard and William W Y Lee, of World-Wide Shipping, at the Hong Kong Club, in 1979. Photo: SCMP From left: John Marden, of Wheelock, Marden and Co., shipping tycoon Pao Yue-kong Pao, Tormod Rafgard and William W Y Lee, of World-Wide Shipping, at the Hong Kong Club, in 1979. Photo: SCMP
From left: John Marden, of Wheelock, Marden and Co., shipping tycoon Pao Yue-kong Pao, Tormod Rafgard and William W Y Lee, of World-Wide Shipping, at the Hong Kong Club, in 1979. Photo: SCMP
Jason Wordie
Opinion

Opinion

Then & Now by Jason Wordie

Colonial Hong Kong’s ‘creative’ approach to lending to ex-China shipowners

While tycoons cried racism, their ships were breaking the UN embargo on trading with China – and their mainland families were under threat

Jason Wordie
Jason Wordie

Updated: 8:47pm, 19 Sep, 2019

Why you can trust SCMP
From left: John Marden, of Wheelock, Marden and Co., shipping tycoon Pao Yue-kong Pao, Tormod Rafgard and William W Y Lee, of World-Wide Shipping, at the Hong Kong Club, in 1979. Photo: SCMP From left: John Marden, of Wheelock, Marden and Co., shipping tycoon Pao Yue-kong Pao, Tormod Rafgard and William W Y Lee, of World-Wide Shipping, at the Hong Kong Club, in 1979. Photo: SCMP
From left: John Marden, of Wheelock, Marden and Co., shipping tycoon Pao Yue-kong Pao, Tormod Rafgard and William W Y Lee, of World-Wide Shipping, at the Hong Kong Club, in 1979. Photo: SCMP
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