CO129-520-1 Chinese situations 20-12-1929 - 27-1-1931 — Page 16

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if before the 15th of October 30% in Canton notes

and 70% in cash, if before the 15th of November 200

in Canton notes and 80% in cash, and after that date

all in cash. All merchants in Canton will be

required by compulsion to take up bonds to the amount of 3 of their capital that has been registered with

the Government. Further, where any likin or other taxes are to be paid 20% extra will have to be paid in such bonds. For some time past the Canton Government

has been unable to pay the staffs of their various civil departments with any regularity, and as this month greater financial stringency than ever has made itself felt, the payment of all civil service salaries will be deferred until the proposed loan has been

The scheme has already been laid before

secured.

the Council and been approved.

7.

The Chinese characters for the names in

thi despatch are given on a separate sheet.

I have the honour to be,

My Lord,

Your Lordship's most obedient, humble servant,

Time

Governor, &c.