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Between the end of the Canton Crisis of 181-15, and the Bank of England Crisis of 1825, the financial usages of European houses in China had become better defined. Increased reliance and valuations upon negotiable paper instruments of finance were apparent. Quite apart from the extensive use of the East India Co.'s remittance paper as negotiable in India and China, the provision of private credit facilities for private trade in India and China were now explicit. Records of short-term lending on the spot and deposit accounts were now in evidence. The individual consigner of Indian cottons and opium who surveyed on a large scale for the China market could now also obtain direct credit backing from China agencies, albeit at the exorbitant rate of ten to 12 per cent. Indian agents of the China houses were also encouraging and financing groups of small investors under joint consignment accounts. In turn, the China houses now had sizeable credit accounts with their London, England, agents, which they covered by the periodic hypothecation of China goods to the United States. For a good many years the London money crisis of 1825-6 was slowly but clearly building up. In the build-up of the crisis conditions, the Bank of England was not above blame. Some China houses had not yet reached this level of rationale in their financial affairs, but the new mood of independence was symptomatic of the important changes through which the system was undergoing.

The present paper summarizes papers given at the 8th International Family Research Seminar in Oslo, Norway, 1963, which describe and explain differential frequencies of those decisions to marry which result in teenage marriage. Sociological analysis of marriage usually points out that age at marriage varies with the type of society and, therefore, reflects the stage of industrialization and urbanization. The lowest ages at marriage are generally found in peasant agricultural countries, such as India and China. During the rapid growth phase of urban industrial nations, age at marriage apparently rises, but later the age at marriage once again turns downward, though not rapidly. One way of viewing trends of teenage marriage is in terms of the percentage of males and females under 20 years of age involved in marriages contracted. During 1961, in 6% of all marriages contracted in Yugoslavia one or both spouses were under the age of 18. However, in such marriages the wife was under 18 years of age in 91 % of the cases, the husband in only 9 %. From 1953-1961 there was a gradual decrease in the percentage married under 18 years from 6.6 % to 6.0 %.