Show HIGH I RENTS PREVAIL IN CHINESE CITY SHANGHAI Oct 28 28 Hopes Hopes of effecting effecting ef ei- ef- ef any reduction of Inordinately high h rents Jn in Shanghai through legislative legislative legis logic action have been dashed by an announcement of or the municipal council holding that the council has no power to act on the question This announcement announcement announcement announce announce- ment was made In response to various vadous proposals that have been made In re recent recent recent re- re cent months urging compulsory limitation limitation lim Ism of Qt rental charges It It Would appear says sas the announcement announcement an an- that the remedy sooner or later lies in the operation of or the law of or supply and demand since If rentals are so high as to make malee operations unduly profitable the building building building build build- ing of or more more houses will be speedily carried on on until the supply is equal to toor toor toor or overtakes the demand |