Reel 17427 - Page 1561

Dublin Core

Title

Reel 17427 - Page 1561

Description

Quality Score: unknown
Needs Review: No
OCR Confidence: 0%
Character Count: 1417
Word Count: 243

Source

https://image-uab.canadiana.ca/iiif/2/69429%2Fc0tx3526t809/full/max/0/default.jpg

Date

1941/1945

Rights

Public Domain

Format

image/jpeg

Language

fra

Text Item Type Metadata

Text

From: Shanghai (Stesautier)
To: Vichy (Colonies)
17 June 1944
FBU

# 130 - # 132 (Part 3 only)

Our budgetary expectations are based on present prices, plus a margin of safety, taking account, as best we can, of the continuous rise in prices of all vitally necessary commodities. The indecoribable economic stagnation, the critical condition of (? merchandise and ?) currency, the constantly-changing local situation, set obstacles in the way of finding a proper basis for anticipated expenditures. For example, the anticipated budget drawn up in 1943 for 1944, though generously calculated, was, contrary to all estimates, far below the actual needs at the very outset of the fiscal year.

By way of indication the cost of living in May 1944 was 5 times higher than in May 1943. Comparative indices for the same periods are: 6½ times for food, 4½ times for clothing, 1½ times for lodging. The purchasing power of the C.R.B. fell to 1/5 of its value in one year. The F.R.B. follows the same route, with a lag in time.

It is difficult to guarantee that the very generous anticipated expenditures here presented will agree with real prices six months hence.

a - Not available.
b - "Indemnite representative."
c - In text: "216".
d - "Remonts".

Inter 17 Jun 44 (2) - Vichy French
Reo'd 18 Jun 44
Trans 24 Jun 44 (1945-532-t)
Reo'd Ottawa July 1, '44.

Examination Unit
National Research Council
July 1, 1944

D-5212 -