The Archive · 1934

Unfair Practice

To the Editor of the "Nonmi-Cuuxa Dany News"

Sm—There has of late been considerable agitation against the issue of premium or lottery bonds conduct-fed under the guise of savings banking. It came to a head at the recent Financial Conference at Nanking, but to single out one conspicuous society 'a5 @ convenient target seems hardly fair, albeit, justifiable, In view of what the Ministry of Finance has already achieved with respect to the United Bond & Investment Company and the National Industrial Bank of China, there remains no other consistent course for the Ministry to take except to pursue its restriction policy to the bitter end; that is to say, to prohibit, root and branch, the sale of such premium bonds including, it possible, the National State Loit tenets which practically amount taxation on fools, 'A Conese Banke,

Text read from the printed page and cleaned; old type leaves the occasional error.

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