In an effort to solve the rice shortage problem the Shanghai Foodstuffs Readjustment Association, the organization of which was recently decided upon at a meeting of Chinese public bodies in the Chinese Chamber of Commerce, is expected to be inaugurated today to the relief of the local Chinese community.
The chief aim of the new civic organization is to start a collective purchase movement for buying Saigon rice to offset the local prices of rice. The foreign rice will be bought and sold at cheaper prices. While it is understood that it requires a large capital to carry out the programme representatives have already been selected to negotiate with Chinese bankers for the necessary funds.
The new association will be in
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