Nanning, April 27.
A long spell of wet weather has flooded the paddy fields and the poor are hoping that this means an early drop in the price of rice.
Phe cost of living has risen very much of late owing partly to the abundance of paper money. The discount on Kuangsi notes was 21 per cent. the other day and I hear that at Wuchow it rose to as much as 2% per cent.
The existence of this paper currency is one of the hindrances to peace. A united China would out at the roots of official fortunes made by turning the handle of a printing machine. So it cannot be a popular idea with many at present.
Text read from the printed page and cleaned; old type leaves the occasional error.