"Now I have heard it said that living under these congested. conditions is natural to the they do not want or expect any thi 4 better. But X would remind you that in Shanghai as in Timbuctoo or anywhere else in the world, one of the Arst things which indicate a man's. Increased earnings 1s his removal to better quarters. You will be no more likely to find a $100 a month man Keeping hig family in a $4 room than }you will find a millionaire living in a [shack. No, I think we have to admit that those' who live under the conditions T have described, do so because they cannot afford better.
"At this juncture perhaps it will not be out of place to quote a few extracts from an article by - Messrs.
Jappeared recently in the "Shanghai Arthur aod Tacdore "Sopher, which 'Sunday Times," 'The Sopher brothers are known by name to many of you, and T think can be regarded og a thorities on the subject of "Real Estate' Development in Shanghal—With Profit" which was the title of their article, "After dealing with the general condition of the real estate market, and particularly with regard to foreign style properties, they go on, to say:—"On the other hand, certain unaesthetic, dwarf-sized construction often representing to the occident vast array of native dwelling houses, though wretched in appearance, with moderate rentals of from §8 to $40 per_month, have a great going in prosperous and fis true there is a quick depreciation of this type of cheap construction, Dut against it we have the more than compensating return on investments made. The construction of Chinese bhangs and homes, often _jerrybuilt, appearing after a few -years as much junk has been the backbone of profit-making investments. The [paradox is that the poor masses have yield prodigious profits. The rentals Jo€ the shops are steeply out of proportion to the building costs: in. [Some cases two years rental, oF less, would cover the capital outlay.
"I would remind you of the title of that article—"Real Estate Development in Shanghai—with Proft—before making a final quotation:—We have, as outlined above, taken sheerly from an economic angle, a picture of profitable investment." It the and hygienic side, is not of concern to dwell here
Which is decidedly unfavourable Bournville Example "Now the question we are up against has its counterpart in big cities all over the world. You must have read in the press of industrial housing and slum clearance movements in many places. One of the [best known and most successful efforts to create better and healthier howpiig conditions for workers In England is to be seen at Bournville, near Birmingham, where the famous (Cadbury cocoa and chocolate works are situated. I have no time to
Text read from the printed page and cleaned; old type leaves the occasional error.