Bitter Opposition from Gentry Led by Tung Kang Mr. Tang Kang, former Minister of Finance and Justice, who is now practising as a lawyer in Shanghai, and other leading members of the local gentry have circulated a letter regarding the proposal of the Kiangsu. provincial authorities to float new public loan bonds to the tane of ten million dollars for the repayment of old debts. This letter says, inter, oh "Since. the-establishment of the Nationalist Government in Nanking, the nation's financial support, both dor military and political affairs, has been shouldered by the people of Kiangsu Province, though it was understood that the people of Che Kiang and Anhui would also tribute. The people Ince have been zaxed and squeezed' to the limit and are now sinking deeper and deeper into poverty Upon the successful conclusion the anti-Northern campaign and the unification of China, the people expected to be relieved for their heavy burdens but the government authorities. have disregarded their sufferings and decided to issue mors Toan bonds for the tot old debts. We cannot but express four feelings, as well as our pleions over this course of action.
"It the issuance of these bonds were for the benefit of the. people land the promotion of indust enterprises, the people would do their utmost to support it but, at this time, when other more urgent problems' have to be solved, the Fepayment of-old-debts i ender to maintain faith' in the government matter of secondary -importance. "It is not so. significant or 20 urgent as many other matters on the reconstruction programme. Yet, before anything of a constructive Chang issue new oan bonds.
We cannot therefore but look upon the matter with pleion.
Text read from the printed page and cleaned; old type leaves the occasional error.