Those who advocate and actively encourage remonetisation of silver believe that the consequent increase 1 the purchasing power of silver Will greatly "Increase the buying power of China in world" markets, 100, "the index. of the "physical When the 1910-1914 average volume' of "Chinese. imports Hrom'41.2 in 1991 to 1863: in 103 During the years 1922 to 1991, the puteltsing power of silver wat the lowest inher, trid Chines ime tie, midate of tit, the pres level rts were extradrdinaniy Mik. Ty China began to dosing, and the index of, the physical volume. {imports dectinad fo 100.30 tu 1999, figures Inclade estimates Sor the rea only 300, those" later Dots of Manchuria, 'When. prices declined, inthe gold standard. countries" beginning, 1020, business in those countries Shrank' 'They: become Door markets {on foreign ah wal as For domestic goods. In China, declining. prices we already' been' sufieent fo bring about. acute agricultural' distress As declining "prices continiey_ pre: Sent'wage tater will become. cult to pay and. unemployment. Chinese ion wil Increase. More Shunnesaes and banks can be expect ed. to fail. At the present low
are finding it difficult to' pay their ices for farm produce, fav debts and taxes, Declining' prices are especially serious for farmers
farmers in other countries, Since in China. as have for China is predominantly' rural, de-lining "prices" willie especially ruinous to the general economic activity of the country. For China, the decreased ability to buy forel goods that is sure. to follow will Toast, important of the many that will probably result creased purchasing power
Text read from the printed page and cleaned; old type leaves the occasional error.