(Continued from page 202.) lof underwriting public issues of feapital for Chinese domestic indus tries.
Financing Economic Development It is, of course, true that the purchase of government domestic bonds fs not the only alternative to the Jemployment of available funds in Tegitimate business undertakings, but, so long as the government's jeredit standing makes the bonds attractive a medium for specular nance it will no doubt be extremely dificult to reduce money rates in the local" market to a level more And perhaps too it is nob inappropriate to quote once more from the immortal Surtees. in' picturing the company at some of the opening meets of the season: "How parlous are the motives" continued Mr, Jorrocks, looking
the Kiver side, Some come to see, houghtfaly, "lat raw, men others to be seen; some for the Fide out, others for the ride ome; some for appetites, some, for Fealth, some to get away from their wives, and 'a few to unt. Ah! give me the few—the chosen few: snd of brothers,' the poet says, wot come to unt mien wot know the ounds, and Know the covers, and know the and, above all, know vis are. running, and when there hoff the scent—aen wot can ride in vbe fields, and yet "old ar in the Iancs—men wot! would rayth world well trounced in cover, that say they took a windmill in, th ardour' of the chase, ut make a little country of own creation, I'd have sich a I trumps ae never were seen gut Survey. "(loud cheers)..." 4 woe i Hunting, "in Mr. Jorrocks'g day, excluded women' from ita, philosophy. Otherwise the pice ture is fresh: and that, little band of Mr. Jorrocks's: selection, might make no bad effort at solving some of the present difficulties of a troubled world in this year of grace, 1938. one ese part ate development in, China. remain ment bonds remains so hi
Sonny fae Seat
Text read from the printed page and cleaned; old type leaves the occasional error.