Shanghai, July 22.
The Municipal Government of Greater Shanghai is faced with a deficit of over $1,000,000, for the fiscal year ended on June 30.
According to a high official of the Municipal Bureau of Finance,. the Municipal Government was ' just about to embark upon a dr trenchment policy Inst January. when the Sino-Japanese. hostilities: started. - Deprived of large amounts. of revenue from the. "war" areas such a time, municipal finance, was thrown out of gear and, though the strictest economy was exercised, new jury, for imthe last fiscal year are not avail pee learnt "that the municipal venues amounted to approximately 3,000,000 while expenditures total-over $9,000,000-—Kug: Min.
Text read from the printed page and cleaned; old type leaves the occasional error.