To the Ealtor of the "Nowri-Cutna' Dany News"
Sm—afay T be allowed to say a words in connection with the sugar monopoly mentioned in your columns yesterday. "Despite oficial assurances That the proposed sugar company has special privilege, it is dificult to be "Convineea However elaborate may be the wording of the rules and regulations already in print or to be devised later for the control of the sugar trade, they can hardly avoid ihe' diplomatic complications arising' from 2 breach of the principles of free trade.
First of all, if the semi-oficial concern without privileges. of any. kind 5 persistently advocated be true and declared in an_ official. manner, "no Sugar dealers would invest in such accompany. The objection of the Chinese sugar dealers at conference held lest' Saturday appeare to be due {o their apprehension of unfair' proportion in aloiment of shares as ft is Feported that a sugar magnate in Java with dual nationality-chinese and" Netherland—managed to. ge! controlling share or $1,650,000 out company with three million dollar feoital leaving only $000,000. for_all the other sugar dealers (Chinese) and the rest. Governmental share 'Secondly, Hluchao or a certificate of transportation, inspection of stocks, fixing. of prices, ele, reminds one that through manipulation It Is easy for. the said company armed. with such openly. or implied privileges to Knock" out' any one in competition even if Japanese, British, Netherlands Sugar interests combined together 10 countenance the virtual monopoly Under a. camouflage, itis considered that prevention of smuggling is an ostensible excuse for forming a privileged company and real motive behing the scene is traceble to a profit-sharing of some am: bilious parties at the expense of con-
What line of business to be sacrifed next remains to be seen. Tt is high time that Importers devise effective means to nip this evil in the bud for common interests.
A. Javanese, Shanghai, May 30.
Tue Library Committee of the Shanghai Municipal Council at a recent meeting recommended the lCouneit to approve the submitted Hist of Chinese books for inclusion the Public Library this IThe Library Committee in last decided to allocate a \s225 for the purchase of modern [Chinese books during. 1935, and Hist presented to the Committee ws prepared by the Chinese Assistant [Secretary in conjunction with Dr. 'Y. H. On. a member of the Education Board; Mr. Y. W. Wong, of the [Commercial Press and a former member of the Library Committee: ithe Chinese Education Officer, and JDr. H. Chatley. A list of Chinese magazines and newspapers had also Prepared and it was recom-Jmended that the Council approve purchase of these. The Council ledopted the recommendations.
Text read from the printed page and cleaned; old type leaves the occasional error.