The Archive · 1932

Joint Reserve Notes

The efforts.of the recently form-led Joint Reserve Board of the Shanghai, Bankers' Association to ideal "with the "present state of trade dislocation' deserves." natio and a good deal of synipathy. It feannot "be. that the scheme fulfils the sterner require. ments of banking practice, because it certainly involves a form of inffation. The present time is, however, exceptional, and any effort to Sport, amin no other sphere of acti vity, human nature is revealed. in its truest light; and nage. can say tht the British Army in Shanghai has failed the text. Soccer, the sport, of the masses, and the' game Which, probably more than any ether, tonipers and fealings have to be opt in subjugation, iis played its part in bringing about the fancy Telations which exist between the British "Army. and" civilians "and others ofall mationalities® in Shanghai, a

Text read from the printed page and cleaned; old type leaves the occasional error.

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