The Archive · 1940

A Municipal Lottery

Support from a Contemporary it is perhaps natural, when ways and means of raising additional revenue are being as earnestly canvassed as they are today, that attention should be directed to the possibilities of securing funds through the organization of a monthly or quarterly lottery, wrote "Finance and Commerce" yesterday. A little while back there was, we believe, a suggestion that the Shanghai Municipality might obtain cash by ihe issue of premium bonds, That suggesuon, if it ever came to the point of serious consideration, has been discarded in favour of a public loan on normal business lines, and there Can be no doubt that such a loan is a much more dignified procedure where. revenue for the ordinary Municipal services is concerned. A community should be able and willing to pay for police protection, street lighting and other essential requirements through taxation, but where social services and charitable bequests are concerned, there is neither loss of dignity, nor loss of face' if the Far Eastern expression is preferred, in going outside the strictly orthodox methods for acquiring the wherewithal to meet the need.

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

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