In answer to our loading article last Monday on the high figure of rents in Shanghai and its influence Iebour "unrest "a. correspondent 1 netied that the jolly old landlord comes in, again for' cot sure In scone Sexion with the high fonts, and Tom therefore writing to place before you a fow facts. governing rents, ete, whicl So" few people outside the business Shderstants "The andier! is no. more Fesponsible for. high. rents. than" the Samer, for" high or dow exchange Rents of houses like every" ollier com: modity depend on. supply vend. demand and it Works, Sack' aa follows. Rents governed by. the value "of Tandy th
fit. There are eettain people. who Population by the prosperity of the trid phe Papal take advantage of a dearth of houses Sd. pat up thole rents. out of all prot Dertion, but "thes people are. Rew, thief" Chinese, and this "rack renting? docs not last ong as the old" law of Supply and' demand comes in and: mora onses are built. This condition door for obtain ow as. there are Chinere ures, foreign houses and otices. Tet Shanghat is Just the sume as eny ther city in the world) ty the place Becomes more important. amd \prompers soothe rents go" up, and the. wore General You wall £0"! the more! yom to pay for it, a3 in London, Now pens' have the suburb Alinough Tent ap. the landlord doe not get. any fore" yetuen "onthe prevent marke algo of hie property clan he did when the' property" waa lower. "He certainly sere lh tne table property Clu tha to "invent tu. just "as (would Toward for picking "it
Merchant's reward to" start"In Business UPTha aeons tyne gsf Ines We have an idea that there is rather more rack-renting than our correspondent thinks—for instance, old houses on which the rent has been put up out of "hil proportion to the land assessment. But certainly anyone who begins to calculate on building a house for himself will be astounded to find what rent he will be patying as represented by the interest on his outlay, Missionaries and Others Wo think it is a pity that Dr. Rawlinson has brought into his etter to-day the suggestion that criticisms of the attitude of Dr. Hodgkin, the N.C. C, and so forth are attacks on missionaries general ly. That may not have been his intention, but the letter certainly reads like it is time he writes, the 's replied to] some of the diatribes against ther freely flung. around by Mr. Gilbert and others." And again, "I do not resent the criticism of. the missionaries. 1 pastime myself aries thrive on criticism." The rest of the letter also seeks to convey' the impression that the N. C. Os! exeurasion into politics is supported at least by an overwhelming majority of mission workers as distinct from' some who from treaty ports lay claim to speak for those in the field. Now we have here a wrong insinuation and, we strongly! suspect, an_ inaccurate' presentation of facts. 'There is no justification' for any change that Mr. Gilbert has "freely flung" diatribes" against missionaries in general. We do not think he would do so and certainly we should not allow it, As for "the others" we know nothing. We are] only concerned in "defending th
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