Reel 17427 - Page 1673

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Title

Reel 17427 - Page 1673

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Character Count: 2208
Word Count: 395

Source

https://image-uab.canadiana.ca/iiif/2/69429%2Fc0cc0tr8qg2b/full/max/0/default.jpg

Date

1941/1945

Rights

Public Domain

Format

image/jpeg

Language

fra

Text Item Type Metadata

Text

To take another aspect of the situation, one can get the losses due to time-lag of in the aligning of the official local dollar with the rate which results from the real value of the power of the dollar, recently established officially by the Chinese municipality, as compared with the consular rate of this dollar for the following dates:

| Date | Purchase Date |
| --- | --- |
| 1936 | 1939 |
| 1939 | 1943 |
| 1943 | 1944 |
| 1944 | 1946 |
| 1946 | 1947 |
| 1947 | 1948 |

In October 1939, purchasing power 100; rate 6.00 francs.

In October 1939, " 40; 4.00 francs.

In May 1943, " 3.12; 75 francs.

In January 1944, " 1.03; 40 francs.

In June 1944, " 0.16; 07 francs.

And part. These data on values today are especially liable to rapid shifting inasmuch as the CRB dollar is currency controlled officially by the Japanese authorities at an artificial value closely linked to the changing military situation.

2. As regards the pay for the Indochinese, order, and from the fact that this progress has been accentuated by having lived so long in a cosmopolitan atmosphere.

It should be kept in mind, along this same line of thought, that, in satisfying the requirements of the bare necessities under the same conditions as Chinese buyers of the lower classes, (they?) nevertheless do not --13-- this solution of the budget problem.

In fact, on the --13-- basis of 100 dollars in 1936, the cost-of-living index, which was 196 in 1939, by last June came to 41,400 for Chinese workers, as against 250 and 21,000 for Europeans-official round numbers.

It is only under the stress of pecuniary preoccupations that the colonial infantryman, who before 1939 thought it quite all right to be paid three times less than the European soldier, is now dismayed at getting roughly five times less than he. But this let-down cannot go so far as to break through the morale of the Indochinese, which has been kept on a high plane in spite of the unprecedented difficulties encountered.

a - D-5300 b - The Chinese CRB dollar. c - Be antecedent.

Inter 14 July 44 Rec'd 15 July 44 Trans 26 July 44 Rec'd Ottawa August 11, 1944.

File: D-5301

Examination Unit National Research Council August 11, 1944.