The denial of access to the Chinese to the Northern and Eastern districts, except to a very limited extent under permit, prevents the re-opening of industrial plants in these districts and thus retards the return to normaler. Until there is freedom of access to Chinese as well as foreigners c fidence cannot be restored, and until there is a restoration of confidence there cannot be that recovery for which we all hope. While a certain number of foreign plants are working on reduced schedules the stagnation of Chinese industries in these areas automatically reduces the recuperative capacity of the port.
Both the Import and the Export trades are at the prevent time suffering from the.same disabilities and until the channels of trade up the Yangtze the hinterland are normally, Much of the loss incurred on goods stored in these areas and particularly in the Japanese wharves mne wharves in occupation of the Japanese could have been avoided, for there was no apparent reason for preventing removal of cargo once the actual hostilities in this area had ed. Military exigency could no r be justifiably Even now, the med, n tardy arrangeents have been made for the removal of goods from the China Merchants Central and Lower Wharves the procedure regarding such remover is by no means entirely satisfactory, Though the establishment of Hui Hua or blocked currency caused a good deal of anxiety and inconvenience in the early days of the trouble, its operation undoubtedly prevented a flight of capital and. as. sisted the maintenance of currence: stability
Text read from the printed page and cleaned; old type leaves the occasional error.