Word: macao
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Wolf & Son. Center of the Asian gold trade is the Portuguese colony of Macao, where dealers operate openly, since Portugal consistently refuses to sign an international agreement to regulate gold. Since 1946, by the colony's own report, some $601 million worth of gold has poured into-and through-Macao (pop. 200,000). Most of it also passed through the hands of Dr. Pedro Lobo, onetime chief economic officer of Macao, who is credited with monopolizing gold import licenses for Macao's "gold syndicate...
...owners of the single-plane airline that flies gold in from Hong Kong, only 15 air minutes away. On arrival each shipment of gold is meticulously weighed by Portuguese authorities determined to collect the import duty of 42? an ounce, the biggest source of Macao's revenue. After the weighing, the authorities discreetly withdraw. Then the syndicate's employees melt down the international gold bars (usually weighing around 27 lbs.) into the portable 9-oz. bars or thin gold sheets preferred by smugglers...
Month after month, the refugees straggle into Macao, Portugal's ancient island colony just off the Chinese mainland. Ever since Mao Tse-tung launched his drive to force peasants off their land and into communes two years ago, the trickle has averaged 200 a month. But in recent weeks the slow flow has tripled and quadrupled. Among the recent refugees was one Kou Kong-kit, 20. Kou's story...
Actor & Husband. Flynn set out for England to make his fortune as an actor. On the way, to hear him tell it, he stopped off at every gambling hell, opium den and bawdyhouse from Macao to Marseilles. Late in 1932, he joined the Royal Hong Kong Volunteers to fight the Japanese in Shanghai, deserted when the going got tough. Eventually he got to London alive, landed a job in a provincial repertory group, later a bit part in a British film...
Last week, weary but still getting along famously together, the students haunted Hong Kong like gimleteyed inspectors general. After morning classes, they visited refugee housing projects, a noodle factory for the needy, several island fishing villages. They showed up at a Hindu wedding, wandered through a Macao gam bling casino, edged to within 100 yds. of Communist China. A U.S. consular official gave them a two-hour briefing; veteran New York Times Correspondent Tillman Durdin conducted a long bull session on Red China. Equally educating were the solitary strolls that many took through teeming Asian slums, a revelation to youngsters...