Farmers of forty centuries; or, Permanent agriculture in China, Korea and Japan . lic Sijiuili $100. To meet these expenses it had been necessary to borrowthe full amount, $300. On $100 the father was paying 20 percent interest; on $50 he was compelled to pay 50 per cent balance he had borrowed from friends without interest butwith the understanding that he would return the favour shouldoccasion be required. Rev. A. E. Evans informed us that it is a common practice inChina for neighbours to help one another in times of great financialstress. This is one of the methods: A neighbour
Farmers of forty centuries; or, Permanent agriculture in China, Korea and Japan . lic Sijiuili $100. To meet these expenses it had been necessary to borrowthe full amount, $300. On $100 the father was paying 20 percent interest; on $50 he was compelled to pay 50 per cent balance he had borrowed from friends without interest butwith the understanding that he would return the favour shouldoccasion be required. Rev. A. E. Evans informed us that it is a common practice inChina for neighbours to help one another in times of great financialstress. This is one of the methods: A neighbour may need 8,000cash. He prepares a feast and sends invitations to a hundred 136 THE FUEL PKOBLEM friends. They know there has been no death in his family andthat there is no wedding, still it is understood that he is in need ofmoney. The feast is prepared at a small expense, the invitedguests come, each bringing eighty cash as a present. The recipientis expected to keep a careful record of contributing friends and torepay the sum. Another method is like this: For some reason a. Fio. 66. - Residence houseboat used by family for carrying passengers on riversand canals, China. man needs to borrow 20,000 cash. He proposes to twenty of hisfriends that they organize a club to raise this sum. If the friendsagree each pays 1,000 cash to the organizing member. The balanceof the club draw lots as to which member shall be number two,three, four, five, etc., designating the order in which repaymentsshall be made. The man borrowing the money is then underobligation to see that these pajnnents are paid in full at the FUEL FKOM THE HILLS 137 times agreed upon. Not infrequently a small rate of interestis charged. Rates of interest are very high in China, especially on small sumswhere securities are not the best. Mr. Evans informs me that 2per cent per month is low, and 30 per cent per annum is verycommonly collected. Such obligations are often never met, butthey do not outlaw and may descend f
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