Fito Our Own Coresronenr, Kiukiang, Aug. 18, As soon us the long fostered Northern Punitive Expedition of the National Government of Canton came into real fact, the fiscal condition at Nanchang became very serious. Realizing the seriousness of the situation, Mr. Hsea, Commis. sioner of Finance, who followed tie command of both Governors, Gen Teng Ju-cho and Mr. Li Ting-kve), called a meeting yesterday in whic} all the bankers and money stop keepers at Nanchang were preseat, numbering about 60, to discuss ways and means of © maintain normal conditions among. financial circles and of stabilizing Kiangse finance in general. At the meeting, Mr, "Hsea gave the' following Twofold Ca "The cause of the present financial predicament is twofold: tig, (1) the result of the fluence of the Kuangtung-Huntn war, including the facts that Kinngse {s adjacent to Hunan and Kuangtung, that the mobilization of local troops sent to the Kiangie borders and that the agitation ventilated by the Reds; (2) the question of who is going to be responsible for the upkeep of the Kiangse Local Bank (treasury of militarists?). This 4s easy to anew.
The Kiangse Bank is the bank of You gentlemen are the creditors, It is true that you al feel uneasy for fear it will Lankeupt. The loan of $10,000,000 trade to the provincial government 5 owned by the Kiangse Financial Bureau and naturally the Burea held responsible for the returning of that accumulated loan (general applause), But, the loan you all know, {s not owed by the present governnient, though "the present government is willing to refund the loan, 'The scheme for refunding the loan is also twofold: (1) The terest, Beginning from this year, I shalt enforce the magistrates of different' hsiens" to collect the 49 por cent. taxes owed by the people for several years. 'The amount, if all collected, will be $9,000,000, which will be more than' enough to pay back the interest, (2), Capital borrowed. After a thorouslt examination of the actual incon: received from the, Kiangse revenue, itis found that the total above $10,000,000 against the former budget of $4,000,000 yet year, You know just as well a1 that the balance of $6,000,01 been turned into foreign buildings in the concessions at Shanghai, Tientsin, ete, So T can assure y>4 that the capital owed can be pall. Yet Chape you will free your minis now and do your best to restore normal, conditions in Klanzst workers, which raged from July 2 to August 8 has virtually ended.
Fearing, however, that the fea! may" be' renewed when an _opportunity presents itself the Kus mintang is taking every preeautiot prevent further trouble, A nun ber of regiments have been instru. ed to be prepared for emergen: y going to look into the conditions of [the workers of the city, and a prt liminary social survey is to be o"- ducted, Mr. Y. L. Lee, acting. feral secretary of the Ganton A. in Canton, will direct lis survey.
Text read from the printed page and cleaned; old type leaves the occasional error.