London, Mar. 21 hardship that must fall upon hai's business community under w exchange regulations of the Chinese Government cannot be exaggerated, declares the "Financial Times" in a leading article to-day.
As the main clearing centre of Far Eastern trade, the journal says. Shanghai must inevitably claim a large measure of financial freedom.
It is to be hoped. therefore, that the Chinese Government will quickly see its way to allocating a percentage of the total of foreign exchange to Shanghai without involving the mediation of Hankow or Hongkong.
The "Financial Times" asserts that much as the imposition of the exchange regulations is to be deplored, the motive can be understood.
Foreign exchange, it adds, ranks high as a war potential, and this the Chinese Government hopes to conserve by surrounding it with stiff restrictions.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.