The Archive · 1941

Rice Profiteers Opposed

Council's Scheme Said To Be Meeting Difficulty From Local Merchants

Under big headlines, the Chinese press yesterday urged the authorities to request philanthropic bodies and Boy Scouts in the city to help in the distribution of the Hongkong rice which is being brought here and "which is said to be enough for consumption of this city, as indications were that rice dealers and profiteers would not be willing to ce-operate with the authorities in this matter Tt was said that even rice shops had refused to sell the Hongkong rice, insisting that the Hongkong grain should be sold at a price comparable with Shanghai quotations.

When the Hongkong rice arrives here it will be priced at $108 per picul, it was said. It is cheaper by one third of the price quoted in Shanghai, it was said. and the press urged the populace to boycott the rice sold by the Shanghai merchants and profiteers. It was said that rice shops had also refused to ce-operate with the authorities because they thought that they could mot obtain la big profit, while the authorities would only allow a legal profit. Fears were expressed that were: t not for official efforts the "rice worms" here would continue increasing their prices which surpassed the $150 mark yesterday.

Text read from the printed page and cleaned; old type leaves the occasional error.

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