Alleged Inconsistencies the Editor of the "'Norru-Cuiwa Dairy New StI am interested in the nouncement that thi Government to take measures ress. lotteries. Apparently thes Measures include the exemption of certain premium bond company, wwe operations are said to have sanction of Nanking, but of no even though they are run on simi support, Of course I know that a lar lines and have, recognised Goverm ant which is running its wen Lotter is likely to take steps to This does not apply, however, to the premium bond com-anies unless it be supposed that the favnment, would like to go further and take discriminatory action \gainst stock investment compan racing duos and other institution:
Might T suggest to the Govern: ment that it ould seriously consider the source of the advice which wed it to take, this action?
The tead, indeed, to a salutary revision recess might. be illuminating and
this. policy.
T'might also dray the attention of he general public to this announces nient. Its possible repercussions are by-no means negligible.
Sweepstakes in which Shanghailanders are interested ate promoted nearer home than in Dublin, Tt has been argued that money in-of vested 1 State Lottery and other waured by the Governmeht remains in the country while money invested in other foreign Government bonds, as money invest= ed may leave the country for the time being, but as these Bonds are mark. erable they can be sold and realised any moment. The 5 per cent, interest' per ann tim that these Bande dour is fresh money coming into the country. What about the money invested here in American stocks? Do they not come under the same category? TE registration the Chinese Government is require any sound company will with such registration, But
long as any foreign company is registration is refused, then as al llewed to operate a lottery scheme, the others Iam sure, will operate irrespective of such' registration. 'Why should one company operating. a "lottery scheme have the ap-Proval of the Government, wh another compan; operating' an "investment scheme" with no lottery element, be used sud approval?
Investor, Shanghai, Oct. 13,
Text read from the printed page and cleaned; old type leaves the occasional error.