Dr. Ma Yin-chu Speaks on War-time Economy Nanking, May 8.
The course which the Chinese Government should avoid in the event of war is unlimited currency Inflation, declared Dr. Ma Yin-chu.
Chinese economist and Chair-Finance Committee of of more than 2,000, Attacking unlimited currency me tation, Dr, Ma strongly denounced the paper currency, polley, because it would cause a rapid rise of commodity prices, which would be disastrous to the peop!
Neither was the speaker in favour of the governmental control policy. as patterned after that in the: west during the last. world -war, should fan armed conflict break out. He explained that conditions existing in industrialized countries and China were greatly different.
Text read from the printed page and cleaned; old type leaves the occasional error.