Aldeburgh Golf as Popular as Ever: Silver Plans Cause Comment: New Angles on War Debts By 0. M. Gren London, May 25.
This evening old China residents fare assembling at Aldeburgh for the China golf week-end. Fifty-four, oF possibly more, are going to play, but others usually turn up on Saturday or Sunday to look on—a sufficient answer to gloomy prophecies of a couple of years ago, that these weekends would peter out. But there were s0 many gloomy prophecies two. years ago! I hear that the Aldeburgh course is in excellent condition—and the gorse has found the dry winter exactly to its taste.
One staunch upholder of Aldeburgh (though I think he rather prefers to cheer on others than wield the nimble niblick himself) will unfor~ tunately not be able to go this year. Mr. H. G. Simms has been laid up for the past two or three weeks with some bronchial trouble, He writes cheerily to-day that he is better though not yet able to get about, Dut he means to be all right for Miss Simms's wedding on the 6th.
Deterding that land values in Shanghai have risen because the population has increased "from about 200,000 in 1914 almost 2,000,000 to-day." Silver values have nothing to do with it He onto the variations in the amount myself I rejoice when the price of third between. 1929 and. September, 3031, with the fall in Silver from 30d. to 12d. Tam richer to-day than T a 190i as the sterling price of silver 18 tovday about, 20d, As to the variations in the amount of the Chinese currency required ensure the service of the interest Chinese railway loans, these have been no-greater than those inherent In forward contracts, and the default on these teans must be ascribed to the focal depredations of the War Lords. Tre amount necessary for Ube service {S's0 infinitesimal In comparison with, the size of the country that It cannot effect the welfare of the Chinese. people to any perceptible extent."
Text read from the printed page and cleaned; old type leaves the occasional error.