CO129-579-11-2 Sino-Japanese War- seizure of unauthorized wireless transmitting apparatus 13-2-1939 - 7-5-1940 — Page 56

2.

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in the national currency shattered to pieces and having to face

such high standard of living, the people can hardly be expected

to hold out. Unless something is done to cope with the acute

financial crisis in order to relieve the distress of the people,

we will be forcing their sympathy on to WANG's side.

3.

At present various government organs in Hong Kong are

maintaining unnecessary enormous staff in the Colony, with regard

to which Government action seems called for. I understand that

the Fu Hwa Company of the Foreign Trade Commission keeps more

than two hundred staff members here. It is obvious that many of

them are receiving their pay in Hong Kong currency with nothing

to do at all. There is no reason why they should not be detailed

for work in the interior. The saving in foreign exchange for

salary and expenses may be negligible, but for the sake of our

spirit, it may be well to instruct these government organizations

to send those of their staff who can be spared from Hong Kong for

work in the interior so that they will not expose themselves as

targets of criticism. I think that the Central Bank and the

Central Trust should be instructed to do so in order to give the

lead.

While in Hong Kong I submitted to Father a proposal for

the establishment of a bank in Hong Kong which seems to be more

urgently needed now than ever before. Uncle T.V. has his Bank

of Canton which has served as the headquarters of his activities.

I think preparations should be made to meet such eventualities in

the case of Father's retiring from your present incumbency, wherein

close followers will not be abruptly dropped so that they are

forced to grope in the dark for their livelihood after they have

served you loyally all these years. The Bank I proposed will no

doubt serve this purpose. Even now it is already a little bit

late, but of course it is always better late than never.

5.

Wang Ching-wei has already embarked vigorously on an

extensive propaganda programme. The publication of the Chung

Hwa Jih Pao has been resumed and publishers of a number of

existing newspapers have been bought over, resulting in a marked