Once more a correspondent to-day returns to the attack on the subject fof corporal punishment for armed robbers and especially for fiends ike those who murdered the poor little kidnapped boy in Moulmein Read. Some months ago Major Hilton Johnson. then Acting Commissioner of Police, called a meeting of the Chinese Advisory Committee, Street Unions and other representative Chinese organizations, to endeavour to persuade them to join in a request to Peking to allow corporal punishment in the to circulate).
The resuit of|Mixed Court as a temporary this depreciation is" equivalent measure, Technically,—corporal Snevease in prices: Punishment is illegal in China, al-Though there is pot the slightest ¢ach increase the issue; hong™ phere Bt Pet tne one leads to a profit, on the|vincial yamens.
But on this issue, a further depreciation technicality it cannot be applied in in value, and increased prices and wages, although the effects are xot instantaneous. In some cases, and this has happened more than once in China, governments continue to meet their expenditure by new note issues until the rotes are quite discredited, and then they repudiate the whole issue and begin again on the sime road, Many of the combatant nations in the late war inflated their currency by note issues that. were inconvertible, Of the worst eases Ruséia and Germany each set up a new currency upon a gold basis, without finally dealing with the existent issue of notes, Austria and Hungary have been put on a gold basis by, the League of Nations through financial commissions, France, of all the important powers, finds her currency in an almost hope-Jess condition, with no escape from the difficult situation except by a very great national sacrifice and effort.
In the case of the creation of currency, by the municipality of Shanghai, its object would be volely to get rid of the difficulties which the Chinese issues of money have brought about: there would be no question of using it for any of the illegitimate purposes mentioned above, but the experience of different countries in regard to their money and the principles which have been estabished must be borne in mind in tueing the problem.
Text read from the printed page and cleaned; old type leaves the occasional error.