Price Control The sub-committee, appointed by the Shankhai Municipal Couneit to advise upon the desirabilily and practicability of a scheme of price [control in the International Settlement along the lines of a plan promulgated by the French [Concession authorities, has submitted a preliminary report which the Council has adopted. [The three gentlemen constituting that sub-com: mittee are to be congratulated upon the rapidity with which they have reached preliminary conclusions, and the manner in which they have Jeastied out their investigations. In' the main their findings agree with the statements made editorially by the "North-China Dally News" Jon the subject some time ago. It is realized that for its domestic rice, wheat, meat, and fish, and to a lesser extent vegetables, Shanghai has to Jdepend upon an area that has been in military control since August, 1937, and with that find-ug of fact there is no disagreement. It is also rue that it is only of late months that the alarming increases in the prices of such [goods coming from the military controlled areas wwe taken place. The point made in the pre~ liminary report that "so long as the farmers Jand suppliers are prevented from having a free market for their commodities, the prices of necessaries within' the two Foreign Settlements Jof Shanghai must exceed normal," is well taken, Jand it is suggested that if indeed Shanghai being denied of a free market, negotiations
Text read from the printed page and cleaned; old type leaves the occasional error.