Aug. 31.
FLIGHT of capital to commodities and a speculative hoarding induced by the depreciated value of the Chinese dollar, whose purchasing value today from the viewpoint of a Chinese worker, is 11.29 cents of its 1936 value, are stressed in the August report of the S.M.C. showing the revised indices of the cost of living, foreign and Chinese salaried workers here.
'The ce-incident opera~ tion of all factors has caused the Chinese workers' general index for August to reach 885.55 on a 1936 base of 100." Retail prices rose almost daily during the month and the cost of living of western foreign salaried employees rose sharply with the purchas~ ing power of the dollar being reduced by 62.97 per cent.
'The report' regarding the cost of living for foreigners follows in part:
July 29, the Government of Shanghai Boy in Artitiery the United States announced the 2nd. Lieut, Alecander Augustus White, "Trooping of sinew RA, soho toit Shanghat ow September Kops Appointed to Malaya tut, oont
Text read from the printed page and cleaned; old type leaves the occasional error.