Later General Chiang Kai-shek has left for the front and it is not known how Tong he will remain there. Mrs. Chiang Kai-shek arrived in Shanghai yesterday morning. The Nationalists expect to launch their offensive immediately.
Generals Pei Chung-hsi and Cheng Chien are reported to be moving their troops from Hankow, along the Kinhan Line into Honan to support Marshal Feng Vu-hsiang's rear, General Chu Pei-te is moving from Kiangsi into the Pukow region, it is understood, to take up
me, petition on the Tientsin-Pukou There are reports that the movements from Hankow and Kiangsi are mot in full accordance with the Wishes of Nanking and that there is movement to undermine General Chiang's position, but this could not be confirmed in Nationalist quarters, where there seems to be an insistence that the whole Kuomintang is unified in opposition to the North.
'A Financial War The present war must be regarded asa financial war. The party possessing the largest funds is likely to be able to outlast and outplay its rivals. To obtain ample funds, Mr. 'T, V. Soong, Minister of Finance of the Nationalist Government, has called a conference of all financial officials in all Nationalist provinces for the purpose of increasing the war budget. This conference opened on Saturday in the Central Bank building in Shanghai, More Troops for Marshal Feng, Hankow, Mar. 30.
After only a day's stay here General Li Tsung-jen and General Chen Ming-chu left for Changsha by rail last night with the object of conferring with General Chen 'Chien and General Pei Chung-hsi en the subject of the edition, In the meantime troops belonging to General Hu Tsunk-tu ave being despatched from here up Hankow Line, ostensibly' to assist Marshal Feng Vu-hsiang,. while the major portion of the Wuhan forces are evacuating Hunan and concentrating here—Reuter. mandarin-chief of the entire hat Forves: ay. Miltary "Hendon Yesterday morning, before a large Acinin including' star members of the ing of Party id Government Addrening the gather forthe front and inasmuch, ax male ant victory "half achieved at" the {enanee of pace and order in the rear fronts he. had equeated Genera fand Ho to take charge in the rear.
General Li, declared, that Bo'Gen. Chiang in order to ensure the rapport should be ven
muccors of the. forthconsin Generalissimo Throws in Personal Funds Peking, Mar. 31, It seems as if the North and South have tacitly agreed to the coming campaign and during the Inst three months have been making financial arrangements accordingly.
According to reports received from Nanking, the Nanking mili tary authori tice are seeking to provide $12,000,000 a month for three months, while the Fengtien leaders are negotiating at Tientsin for a loan of $6,000,000 for three months, to be secured on the revenues of the five Government railways.
All financial affairs during a tution of the expedition. General side pledging himacle to to. his period of three months, beginning utmost to nessist General ned from April 1, are being placed cooperation an the loving success against Norther under. the direct control of the Tayuanshuai and all revenue from different sources, incl the The Sinews of War 'The question of finances at such moment is naturally a pressing one. 'The Kuo Wen News Agency says that the $15,000,000 in specie which we reported on' Saturday as being en route to Nanking has safely reached its destination "under the protection of General Chien chun's: troops, in a special train arranged by the Shanghai-Nanking Railway Administration. The money was deposited next morning in the Bank of China at Hsidkuan until late ju the afternoon (Saturday), thenew the money was handed over to General Chiang Kai-shek's delegate."
"he Chinese papers last week calulated that Nanking should-be able to count on: National revenues $5,500,000, Provincial revenues the ame, and bond issue $3,500,000—in all $14) millions. This is consider-ample for the three months' eampaign within which it ig hoped to capture Peking.
Ministry of Finance, will pass through the hands of the newly-created Financial Control Board at the Tayuanshuai for three months, after which the control of finances will be handed back to the Cabinet.
It is estimated that civil and military expenditure will total $7, 000,000 a month for three monthi while revenue is estimated at $3,-
000,000 a month. It is stated that that any deficit will be made from the private property of the Dictator, Generalissimo Chang Ts0- lin, Gtneral Yang Vu-ting has 110,000 men on the Peking-Hankow line in Southern Chihli apart from the troops at Tamingfa and the Chihli Shantyng forces on other fronts. Hence it appears that Marshal Feng Vu-hsiang will be heavily outnumbered, but it is still not certain on which day the offensive will start.
Fengtien's Claim to Assistance from Secret Societies Apart from these, sums there is projected Loan of $16,000,000 secured on the cigarette taxes, ne-
April 4.
The Fengtien authorities claim that the Red Spears snd the!
Ses cee a eat "eng etn an indecisive nature. Similarly, indecisive fighting has been going on)
Text read from the printed page and cleaned; old type leaves the occasional error.