The Archive · 1941

Chinese Living Costs

Regerding the living costs of Chinese workers the report stated inter alia; "Owing to heavy increases in cost at sources of supply, combined With increased rates of freight, price of S.M.C. rice advanced from $110 to $110 per shih as from July 8. Developments in the Far Eastern situation and the fall in exchange: rates since July 9 gave rise to increases, not only to imported but also to native rice. As a result of over supply of stock and forthcoming shipments, the prices later followed a downward trend. SMC. rice. was offered prices below the official limit of $116.

"Following the announcement of the freezing of Sino-Japanese credits in the United States on July 26, prices of rice as well as flour, ai beans, sugar, cob], kerosene, cigaretfes. soap, ra! etc. underwent. another rise.

"The second semi-annual investigation of rent for 1941 showed that in 5246 per cent. of the locations check-had|ed, rentals have increased since January last. The increase for rooms of one-story house averaged 5.06 per Cent; that of two-storey house without courtyard, & cent; and of two-story house with courtyard, 12.02 per coni." land. fed.... The Lord of ihe upright: shall

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

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