The Archive · 1939

Rental Rack

Flagrant Profiteering Alleged

To the Editor of the Nowru-Curwa Dany News"

Sm,~On all sides one hears stories and "complaints about increased Yentals. Shanghai landlords seem to have become imbued with the spirit of "grab while the grabbing is good" Profiteering of the most flagrant kind going on all round us and ap-Parently" nothing whatever is being one to curb it, One ordinary wheeze is to inform the tenant that commencing one month from date the rent. will be in United States currency, the amount of which is for a start quoted at an equivalent of 50 per cent. increase i Chinese dollars. "No doubt once thi US. dollar rate has been agreed to will not be long before the rent is ied. again jumped.

Now there are many aspects of the situation, some of which I have jolted down as they occur to me, but T have not attempted to argue them ut to, 2 Togical conetusion—it there The situation Q. ED. regarding cancellation of eases for the purpose of incre the rentals. and of basing the Jcreased rentals on the US. dollar rate of exchange, also of the insidious intimation that leases due for renewal will require to have this US. dollar "clause, with the increased rentals of course. I understand that the tenants of the apartments con-Jcerned requested @ meeting with the Jowner and agent. with a view of endeavouring to arrive at an amicable understanding as regards an increase fof rent commensurate with the local Increased cost of intenanee. This request for a meeting has been turned down under a reply, inter alia that "the agent would dear with individual tenants only.

to be hoped that the tenants Jeoncerred will insist on their views feoncerning the points at Issue being heard collective dividually it obvious that they may be the subject of intimidation corresponding to the legal rulings" of their. respective courts, and T humbly" suggest that There "is,"or should. be, something more than "legal rights" attached 10 this issue. aaa Consulate General in' Shanghai" the French November 2."i02h Signed: Wauvex, Shanghai, July 8, Control by Bye-law To the Balter of the aren-Cnina Davy News"

Sw—The apathy of the Shanghat resident is proverbial and because a few have been foolish enough to sign leases" In terms of storing. of US. farreney" others ya following ike "theep to the slaughter:

Tain sure that with a Ute grit ant "fetarmination "away" may "be found to eieamvent the Yow The Beith or "American Courts fof wane an impos fie for cession Bye-law.

Centravention of a Muniipal or Con:

The SAIC. "and Concession authorities have correctly or incorrect.

controlled the belee 0¢ lee and Consistently Support their' actions, 00 ade Are, wt ler us he MAW PET noe by am seerae te ete mete foreign Police Sergeants, who receive Shanshal, July around $h$800 per month-and some thousands of lesser paid Council em- wan ployees, who are now voted a bonus "A" Class Remuneration Inevease of 10 per cent, which brings 'T the Editor of the their total bonus to 25"per cent.

"Norru-Ciua Dany News" {he increased cost of living for these g.) with seterence to correspond: men is actually about 50 per cent, the question arises—why do they reance on the salaries of the S.M.C. ceive only 25 per cent, and not the employees, it Is high time this balder-end Faas ae, coed ieee eat aes

sain" & SRI lo FMM the Chinese Governsmcint think of the sdSitional demands For""¢orelgne exchange. which these repr nents aa for local dollar investment 16 take THe! method of converting Winton {ingestinent tu a" foreign" currency?

Those, companies who have focal "dollar" debentures il og, err att ¢ Beh the supplies of rice for the sake of "Koxttath Ban wear ghomyce, 8 cma no mare that it is the duty of any Chinese who is worth his bowl of rice, today, to do all that is within his power to Inspire confidence in. the Chinese dollar. The Chinese landlord who demands rents paid on his properly the currency of a foreign country doing the exact opposite of this, hho is breaking down the confidence of the public in the stability of the the same must apply to the other.

it not possible, therefore, to call mass meeting of foreign ' tenants pass a resolution demanding that the Concession and S.M.C. authorities pass a bye-law coming inia line with the judgment. passed in the Chinese Court that "increases in rent shall Rot be more than 20 per cent on those ruling at the time of the be-

Tulle? Rae goat Gash "about the A" class men's Silty" to command jobs at "high dole, rentatsdoubtess "hsy"© dh e hiinaeit shows no confidence tu it. ilegal"to: charge in another' than Gevetetee BIN olan, for perfectly clear that ginning of howtilies" and that The reason is that bonuses for in- salaries at home was exploded] NOlSe"= @ Proportion of the|y¢ Chinese men of standing do that. local currency, creased cost of living are Pad only Kotte anson yeh hat, bout Municipal, foxoe they are simply esablshing 9 tend sri, portion ati ouy spent on case employees can ita case fey ate DAB for aero alos Tare moat be [Shang July actual necessities, An employee's P2Y command auch jobs and. do not {ake them, then it is not a Salaries Com-fate return on investment, majority of people will grant that 2 BESEer ne nui ieee. mission d are willing to make considerable

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

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