Urgent as is the neod for unfreezug the Jand market and so enabling Shanghai to make some approach 10 recovery from the present depression, important to consider suggestions Which may constructively assist that endeavour. Dr. H, H, Kung has held out hopes of the creation of a Mortgage Bank to ease the position and on that subject this month's issue of "Oriental Affairs" cites. the experience of the Argentine Republic in 2 similar. emergency-—fitty years ago '—as a Valuable. guide to possible Te-medies here. 'The article expounds the conditions in which the Argentine Government created a. National 'Mortyaye Bank and, on the basis of the fiftieth annual report of that institution, shows how' beneficently has ministered to" the Argentine's nelal and economic needs. After pointing out that the proposed changes Ju the Mortgage Laws do not alto ther meet the requirements of the present unsatisfactory position which has had 0 adverse an effect on the market, the article suggests that the Chinese Government would do well Yo amend laws which tend to dis criminate against the mortgagee and adopt the Argentine practice in that reward,
Text read from the printed page and cleaned; old type leaves the occasional error.