in Opposition The Shanghai Realty Owners! Association have taken up with the Shanghai Municipal Council the of the proposed rent assess-[ments and are demanding that the: proposal should be withdrawn.
In the course of a letter to. the Council, the Association draw attention' to the serious: situation which obtained in 1927 when it wax Proposed to increase the municipal Fates by two por cent. and say that the collection of general' municipal rates on the basis of assessed rentaty increase of 12 por age, it is said, will cause a tion much graver than in 192; The assumption that the Council's posal will prove advantageous to landlords and serve as a pretext for landlords to increase rentals contrary to fact because landlords fare finding the interest returns ow "their investments are less remunera tive than the return on bonds Dank deposits. Tenants likewise already have found it difficult meet rentals in Shanghai, with the result that many new houses are vacant, ohoy to assess rentals at a rate higher than actual rentals for the purpose of comput ing general municipal rates will, tha writers: say, rapidly reduce ' the renting of fonses and indirectly curtail the Municipal revenue The Association, in conclusion Jaske that the rates, be collected om he basis of actual rentals: as. Ber
Text read from the printed page and cleaned; old type leaves the occasional error.