Four Stages Envisaged with Kuangtung as Example Plans for the readjustment of the currency situation in Kwangs! prov-Ince have been drawn up by. the Ministry of Finance, according to a special dispatch to' the "Ta Kung Pao." Based on the suggestions of {the "Kwangsi Provincial Government, these consist of four stages, "The frst provides for a §20,000,000 bond issue by the Kwangsi Provin~ cial Government, general principles for which have' been already. aid down, After the necessary sinking funds have been secured, the provin" jclal "authorities will draft detailed regulations of the bonds which they will refer to the Central Government for final approval, The second is to x the ratio between provincial small money and the standard currency. The method used adjusting Kuangtung currency last year will be followed closely.
In the third stage, the Provincial Department of Finance will be required to make a report to the Ministry of Finance on the exact amount of the existing provincial small money and the reserves in the rovinelal treasury.
After the above three stages have been carried through to the gradual stabilization of the currency situation in Kwangsi, 'a branch of the Central Bank will be organized and_olther this branch or the. Kwangsi Provin-cal Bank vill be commissioned later or to undertake the withdrawal of the provincial currency notes,
Text read from the printed page and cleaned; old type leaves the occasional error.