Budget Exceeded by $14 Million:
Mayor Confers with Mr. Soong, Faced with a big deficit in the budget of the City Government of
year, General Wa jen, the Greater' Shanghai for the current Mayor, accompanied by Mr. Junkee Choy,' Commissioner of Finance, gsitsn oficial cil on ae, TV.
Minister of "Finance, evening and discussed with im the situation. '0 official the conversations, it is reported that they were satisfactory and that methods have been devised by which the adverse balance may be wiped "According to a spokesman of the ity Government, the income for ast, amounting fo. $6210,000, con! stitched 2 record, i being es: crease of more than a' million dollars. in comparison ith the revenues for 1980, "Tied it not been the outbreak of hostilities, be-{Green the Sino-Japanese forees. in Shanghai. early this year, there
ceeded nine. million dollars, he wenner undoubted" would have 6x: Stated. Expenditures for the year 3801 mounted to. $9,390,000, which yeas a decrease f° $1,700,000 when compared with 1930" This year wil See but there will be an increase in todd on fexpendifare, some fron "set aside as" extraordinary. femergeney expenses, to be used for Tehabitation purposes inthe war reas. Allin aly the spokesman Sd, the. deficit this year should be about $1,500,000."
Text read from the printed page and cleaned; old type leaves the occasional error.