The Shanghai Municipal Council's. proclamation announces that hoarders, gamblers, and/or profiteers will be punished to the utmost rigour of the law. The proclamation sets forth that at the present time the price of rice is extremely high owing to some person or persons hoarding it in large quantities for their own selfish ends, thus causing abnormally high rates which tend to menace the peace and good order of the Settlenient. The public are therefore warned that anyone found hoarding rice in large quantities in the Settlement for the purpose of securing the monopoly (in other words, cornering or profiteering) shall be liable to prosecution, and the rice confiscated. The public are also requested to give information to the Commissioner of Police of any person or persons Iniown to be hoarding rice for the said purpose. It concludes with the statement that offenders will be severely dealt with.
'Tue Mercuants' Pres. spite of the fact that the Rice' Guild and the Chinese General Chamber of Comnierce
Text read from the printed page and cleaned; old type leaves the occasional error.