The Archive · 1940

Profiteering Flagrantly Prevalent Here

It is unanimously urged by the leading Chinese dailies in Shanghai that authorities of the foreign areas here should lose no time in coping with rice profiteering in Shanghai, as official prices fixed by the Shanghai Rice Price Fixing Committee are no longer followed by unscrupulous merchants, one of whom has just been punished by the court in the Settlement.

The Committee, it will be recalled has petitioned the authorities for advice and will not hold meetings to fix prices unless they can secure official help. It is admitted that Chinese merchants ignore the committee's decisions and also the regulations enforced against profiteering by the Ministry of Economics at Chungking, and that in view of this, foreign authorities here should quickly carry out effective measures to cope with the situation, it is said:

Merchants are urged to obey the regulations. Quoting a well known Chinese, the "National Herald" states that the authorities should increase the strength of the committee by sending more representatives to participate in its deliberations,

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

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