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THE CHINA MAIL, JULY 31, 1941.
PRES. ROOSEVELT GIVES WARNING OF INFLATION
PACIFISTS IN U.S. MUST "GO TO IT"
This is what hop- pens to conscientious objectors in the Unit- ed States who are sent to work instead of military camps, says a B.U.P. report.
They work whatever hours are
set by the camp directors and are subject to call day and night for emer- gencies.
SLUMP IN SHELTER USERS
A census taken this month shows 104,990 peo- ple are using public shel- ters and 556,000 domestic shelters compared with 470,200 in November last year and 2,140,000 while
PRESIDENT ROOSEVELT, in a message to Congress yesterday, asserted that infla- tionary price increases were threatening to "undermine our defence efforts” and asked Congress to authorise him to establish ceil- ings for prices and rents.
"We face inflation,” declared the Presi- dent, "unless we act decisively without delay."
The President algo asked authority to purchase materials and commodities when
necessary to assure price stability and to "deal more extensively with excesses in the Beld of instalment credit."
While refraining from steking authority to limit wages, the President's message said he ex- pected the voluntary contribu. tion of labour to prevent labour costs rising abnormally. "Labour has far more to gain from price stability than from ab- normal wage increases, for these are likely to be Husory and quickly over taken by sharp rises in living costs, which fall with particular hardship on the least fortunate of our workers and our old people."*
Rent Profiteering
Regarding rents, the President said that despite the steps taken to assure adequate billets, bar racks etc. for defence, the nation was already confronted with rent Increases reminiscent of Great War days.
He added: "This is a develop- ment that must be arrested be- fore rent profiteering can do. velop to incrcase the cost of liv Ing and damage civilian morale." A Bill to carry out the Presi- dent's requests is expected to be introduced in both Houses shortly.
Congress Divided
Congress is divided on the ques-
it
approximately 12% of of price-fixing. Some senators users of public shelters are have threatened to oppose limits on agricultural prices and only on children, stated Alderman Tuesday the Senate approved Charles Key, M.P., Special bill preventing the marketing dur- London Regional Commi-stocks of wheat and cotton.
ing an emergency of Government-
sioner.
The position of shelters in London at the present moment was incomparably better than it was at the beginning of this
year.
Another group of congress- men have advocated the control of wages on the grounds that wage increases have increased manufacturing costs resulting in higher prices.
President Roosevelt in his mes- sage said the Government was now ac-spending over $30 millions daily on defence and this rate "must and will increase."-Reuter.
There was, now sleeping commodation in the London re- gion shelters for 1,277,000 and for 3,495,000 in domestic shelters, In tubes where there were 23,000 bunks a gradual decline in the number of persqus using them as shelters had been noticed and
the last census showed there
AID TO
were 26,000 people using them-·| lowest since heavy raiding began.
Mr. Key added that with few exceptiong the local authorities) had now completed plans for providing canteens in sheltera holding 200 persons or more and for the installation of power points in all shelters regularly used by 50 от persona.
CHINA
DOLLAR
The freezing of Chinese more and Japanese assets by the democracies can be in- There were 188 medical aid terpreted as an effective posts in large shelters and 69
to put China's *serving groups of smaller shelters, measure
24 welfare councils or commit-currency position on a tees had been set up and more firmer basis, were being formed.
says the
"
Sanction had been given the "Kung Sheung Daily appointment of a number of shel-News," leading Chinese financial daily in Hong Kong.
ter welfare officers.-British "Wireless..
ALL ITALIAN EAST AFRICA CONQUERED
What has troubled China most
Is that she, with the Anglo-Am- erican. stabilisation fund in her hand, could not "feed" the Shang- hai market with foreign exchange. To do this, would have meant to let the Japanese have exactly what they wanted.'
Now the Shanghai banks, by virlue of the “freezing order," can refuse to sell, foreign ex- First officiál announcement change to the Japanese, while that, the whole of the Italian, they can sell to legitimate Chinese East African Empire has now merchants with the approval of been conquered is made by the the authorities, the paper points Foreign Office and War Office out.
They state that "the whole of This can save for China a lo the territories, formerly known of foreign exchange. Has Italian East Africa, are areas If this aim is achieved, it is occupation of His Majesty reasonable to believe that com- The Board of Trade have ac-modity prices in Shanghai will dingly issued an order author show a downward trend that the resumption of trade with is to say, the national dollar will sons within this area. Bri- show an upward trend, the daily
Wireless: Yen pamje neka dan ji ya maygammapredicts.
"PILOT X" TALKS TO MINERS
"Pilot X," captain
the Catalina flying-boat which spotted the Bismarck. talked about his exploit to 1.500 miners at a pit- head at South Kirby, Yorkshire.
The pilot visited the plt as the result of a message of con- gratulations on sinking the Bismarck sent by the miners to the Admiralty. He told the "Daily Mirror" that he himself was brought up in a mining district of Northumberland. He also visited the Hemsworth and
pits at Action Hall, be- longing to the same company.
GONE
ARE THE HORSE -
AND CARRIAGE