CO129-400 - Governor Sir May - 1913 [3-4] — Page 32

Ster flore. ↑ ao IY But, moda. 13 be soldnatev: oj

JUBA TO ..... to eɔweerd enð ni

I

StevİTÜ Leqtonbıq si oder in Istria wh

13, 910Bu .enomdulogge yd ei: no bellso,beli te (BNÍ OS estupro od Mixsq novi dive read ban ort Jari vinh vi

rodniau to roldanjalutabe ond to odde and card!

bla bra modneo nt (from a doda breqs of bezorer

JIce too bi vinder air co er nogu ilav blue, ori dada

od beqoi el moldoroti ort to digli and ye en rübt

ed blugs et delt bise ori onijnson o13 ml

Judy vlield.obfimos min llei bine I at io giao ríom

and to work

„UET DOJIsu to JrIGLA STOV DU

Fort Holdoubertal to rottel a orod Alu.IL. On yer vro ni mli qied od or boxes ochr rebrou viol sku

‚y[{m} xioms nd direiboqxs #1 besoeb 1 ‚Firma I bonogelb flaw *10v new I tend niya yɗ road I boriu tupat for bed I deild bre,auomino elið bræ anino abtarod qideonofazing:oð fyil eid mis illo Lo diconmurod ord vienunjxe BOT anor oil ozark ‚oftlogý modest e. 10 noldotbajan) end,foto,ytoD UHOL: Das catéperraðr.k patitobimine ) uoltenerumen and bra rejisi dom way zeiro ni aael dorm Joa (eguroqxo ri nonetantin ord

omos to od ne bogor I onore „yroïnü a‡.0 od triden ná

bobbe I Contro it you to duomeïƏYOV erit of gom.dniano

etups to enoidsion Isnosnog odul bertedum von à dend gund Brews to Ista::.-SOSIOVOJ 013 fit be exudert yforaint

I Jerd b.a,eistofito Isloztvori Isntoning vid bris

.mort gled od blues I qrteld yra ob of YÜast svanie zer

moldautie oud to rumo ed urit duo badning rand I

Trev now dotch probðibroo Izdorantt erit can rojimb stå

unsatisfactory.

I said that, up to September in last

year, the monthly excess of expenditure over revenue

had been one million dollars : that in the months of

September to December inclusive, the Provincial

Government claimed to have reduced the monthly deficit to $500,000, but I knew that in January it had again

Shik risen to $700,000. I told Mr.Liang Sht Yi that the

Provincial authorities admitted some time ago that to

meet these deficiencies they had issued unsecured

I added that notes to the face value of $30,000,000.

it was well known thatțin addition very large mumbers of duplicate notes had been issued, and that I estimated it would cost not less than $40,000,000 to redeem the

I said that notes in circulation other than forgeries.

there were in addition forgeries to the face value of perhaps $10,000,000 to be dealt with, and that these, like the duplicate issues, had been rendered possible by the negligance and dishonesty of Government officials. I added that I had it on very good authority

that, apart from the liability caused by the issue of these notes, there would be a deficit in June of not less than $20,000,000. It was obvious that the

financial situation could not be retrieved unless the

Provincial Government found itself in a position to redeem the notes, and was capable enough to collect sufficient revenue to cover current expenditure and

the interest on the loan necessary for the redemption

of the notes.

卷

Mr.Liang said that it had been decided in Peking to give the Provincial Government $22,000,000 for the

redemption of notes.

I pointed out that that was only about the

half

31