The Archive · 1941

Importance of Free Market

All Far Eastern banks lay stress on the importance of the continuation of the existing free market at Shangha, fand any rash action, whether on the part of Chungking of Nanking, might result in unfortunate reactions not fonly in Shanghai itself, but also in China generally."

Commenting on the high cost of riving in Shanghai, Mr, Paterson a8- serted that the living cost had risen over 250 points since January 1940, Tam afraid that the proper solution for the Shanghai problem can lonly come when the political problems of the Far East are solved. In the mean time let us hope there will be a realization of the vital need for 8 compromise, or the maintenance Jot peace and order, and the livelihood of the large population of Shanghai,

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

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