Apr. 30.
Comment was recently published this column upon the Bank of (China's Report for 1933, in which jeonditions affecting trade and industry are very carefully surveyed. In the introductory remarks, reference is made to the pathological symptoms observed in ithe economic situation in 1932 which are significantly described jas having become more noticeable 1938. Among the many con-{tributory causes of the decline in {trade and domestic industry, pro-eminence is given to the necessity for a sound currency. It is pointed out that there is neither standard fineness nor uniform value (China's subsidiary coinage, and, moreover, there is no properly organized and regulated system governing the issue of notes and jooms. These remarks are particularly applicable to copper coins. The article published elsewhere in this issue on the subject of debased copper coinage, illustrates the position to which' this currency has fallen, and the disabilities under [which the great mass of the popula jon is struggling for a livelihood. Apart from this aspect of the question it must be patent to those who are trying to help in China's economic rehabilitation that so long. able 12 secure by negotiation for every ow and again threaten wildes! stretch of imagination can las no remedial. mearargs purchase. A state of affairs was the perilous peace of that part of they be held to be anything more applied to arrest subsidiary currency
Text read from the printed page and cleaned; old type leaves the occasional error.