CO129-558-3 Levy on Salaries- petition from Chinese Civil Servants 3-1-1936 - 19-12-1936 — Page 58

58

The Senetary of

State in this matter löstengthen

his hand in dealing with unofficial criticious.

? reply by conf. tel (mankis Important), 1. inviting ref? to the final para. of (9);

2. stating that as a

geural rule when

G

new financial equilibrium has been

reached

readjustments must be made

to a continuance of

without recourse

In salary levy, which is out permissible to suable

a sudden

a Govt is overcome

Soot

unforeseen surgency;

in spite of pessimistie

when the imposition of

3. observing that

forecasts at the time The levy

was sanctioned

Nee deficit for 1936

is now estimated to be out slightly

$1.

1.000.000

ovy

that the S. of 5. would consequently

desire to be furnished by lel with

brief statement

70

of

The

Leasous

for expecting

large a deficit as $31⁄2 millions in 1937.

CyCaustaus

3/9/36.

only

mattus

oncerned wi so

beaving

un so for

I am

This

amency

The general.

&

isme.

Qua currency

There are

two points.

I express no opinion

There is

possible capital brosit