To the Editor of the "Now-Cuea Daxty News"
Sin Your correspondence columns have not intrequenty given express: sion to the complaint of certain, Me vesters in regard to the present scale ff brokerages charged on share ransaetions by members of the local Stock Exchange. "There are. always {wo sides to's question and in this connection we are appending 2 table Which wllt"show at a glance' the [Shanghai brokerages as "compared with those "charged in Hongiong, London and New York.
"This we: think, speaks for itsel¢ since it shows quite conclusively' that brokerages charged in Shanghai com pare very, favourably (from the me Yestor's point of view) with those of any other Stock Exchange.
"ie is our considered opinion that a Teduction of any magnitude "in brokerage charges will not. tend "to Increase the turnover in shares. This was faiely conclusively proved when the brokerage Fates. on Debentures and Preference share were halved In Sim—My Committee instructs me to ask you very kindly to give pub-city to the forthcoming Essay Com-Petition of the SS.P.CA.
The competition is open to all foreign school children, German, French, Russian and English-speaking. schools having already been circularized. "Pupils at these schools: fare welcome to write in their res-active languages, separate classes and awards having been arranged for every school sending in sufficient, entries, The Chinese schools have not been circularized as a similar competition planned for all Chinese schools in the Autumn, the great number. of schools in Shanghai making this division necessary.
Should any foreign school not yet. have received a circular may ask that the SS.P.C.A. Secretary be notified (Tel 36536, 184 Mohawk Road). when full details will at. once be sent.
The closing date for the Competition is March 3st, L.A. Ricks.
Secretary, SSP.C: A.
Shanghai, Mar, 6,
Text read from the printed page and cleaned; old type leaves the occasional error.