Based on the above reasons, we venture to beg the Government through your Yuan (or Ministry) to consider the special conditions prevailing in Shanghai and to promulgate a special law or regulation 30 that the exercise of the rights under mortgage may not be encumbered by Interpretation No. 493 of the Judicial Yuan. "Or else the Judicial Yuan should be asked to alter the interpretation so. that in districts where the Regulations governing Immovable Property are in force or when a mortgage has been reported to the Court for record, the mort-wee may, In accordance with the Provision of Article 873 of the Civil Code, apply directly for permission to sell the mortgaged property by auction without having frst to bring fan action and to wait for the final Judgment. "At the same. time we would venture to ask the Government to formulate and promulgate the Law for Land Registration and the Law governing Sale by Public Auction mentioned. in Section 1 or Article 3 of the Rules for Enforcement of the Chapter on Things in the Civil Code. This will help complete the purpose of the Government and will afford guidance to the people. The Executive Yuan (or the Ministry of Finance) is hereby begged to consider whether our suggestions are Practicable and to decide and act. All the people In Shanghai will be much benefitted.
Again, industries in China are now a sad state of decline. Much money is needed for improvement and re-organization, and loans to factories should be encouraged,
Text read from the printed page and cleaned; old type leaves the occasional error.