An interesting study on the distrl-182 pation of farm tenancy fu. China. Hg/ 1095 and a study of the changes, in 4a] recent years has been made the National Agricultural Research Bureau of the Ministry of Industry at Nanking.
The percentage distribution of farm tenancy In China for 1935 was obtained la May, 1885, by the crop reporters of the Bureau, The original Sato was first compiled by hsien from the figures reported by 960 hsien in 22 different provinces. In compiling this ta, the total farm families in each locality were represented as one hundred; and the percentage distri. bution of tenant farmers, owners, and part-owners was first calculated for the respective localities and than averaged by hsien and by provine 'The percentage distribution of farm tenancy in China, 1035, Is approximately the same as for the past four years. In 1935, 29 per cent, of the farm' families were tenant which ts the same as in 199 cent. were owners, an increase of 1 per cent, over 194; and 24 per cent. were parl-owners, 'a decrease of per cent, below 1934. Considering the changes in farm tenancy during the fast five years in' China, a slight downward trend among tenant farm-cers together with a moderate upward trend among owners is evident; yet, comparison with 1912, the' percentage of tenant farmers is still higher and of owners, lower, than in In China, the greater number of tenant farmers is found in the south and of owners in the north. A very Tow percentage of tenant farmers, ranging from only 10 per cent. to 20 per cent, is found in the northern provinces, such as Hopel, Shantung, Honan, Shansi, Shensi, and Kansu; while "the percentage of owners is correspondingly high, ranging from 50 per cent, to W\ per cent. In Kiangsu, Chekdlang, Anhwei, Kiangsi, Hupeh, "Hunan, Yunnan, Kweichow, Fukien, and' Kwangs! Provinces, which are in the central and southern part of China, the percentage of tenant farmers is rather high, rang-Jing from 30 per cent. to 50 per cent. The number' is still higher' in Szechuan and Kuangtung Provinces, however, where a distribution of above 50 per cent. is observed. Owners, on the other hand, are comparatively low in Chekiang, Kiangsi, Hunan, Szechuan, Fukien, and Kuangtung "Provinces, numbering only around 20 per cent.; and for. the other provinces in this group, ranging from 20 per cent, to 40 per cent. The number of part-owners varies slightly throughout China, the distribution, for the most part,"being between 26 per cent, and 30 per cent, tendency to remain in a steady to firm position for some time unless receipts from the interior increase considerably.
Yarn—Prices in the local Cotton Goods Exchange for May deliveries shot up unexpectedly to very high Jovels and the last trading onthe 25th., instant registered $281.00 a bale, and although there were buyers at still higher rates to cover their short position yet owing to Exchange regulations trading was suspended ind shorts will have to abide by, the rates that will be decided upon' by the Exchange authorities in connec tion with: which negotiations are now progress. Actual demand from ox-porters has not been so great diving the week under review. and prices receded. by $1.00 to. $8.00 from. the highest test ruling. "Taking into consideration that the forward months the local Exchange are quoted over $10.00 lower than that of the near months the prospects continue to be favourable for the bulls. gee Se sea 2 'Tone' of the market: Firm'
Text read from the printed page and cleaned; old type leaves the occasional error.