$500,000 it is heard, is the minimum that will be saved every month by the reduction in the size of the Kuangwung armies, and as time goes on an even more substantial saving may be brought about. How this money shall spent, is a question that has given ise to considerable argument, but in public construction seems to be the best bet, Treasurer Fung Chuk-min, however, has promised merchants that they full benefit of what. the military leaders lose under the military reorganization scheme until the $10,000,000 that the government borrowed last year from the business houses has been repaid in fall, In all probability, though, other funds. will be disbursed to settle the merchants' claims, and these funds will be expended for the building of highways and other pablic improvements.
Text read from the printed page and cleaned; old type leaves the occasional error.