bond financing" of Y.1,671,177,866 The shortage vill be rinde ood
000 for the emergency military ex-the general account and 'Y.3,677/000, penditure special account, The volume of financing through bond omission will continue to be important, but in view of.the fact that such financing requirements in 1939-40 totalled' Y.5,651,809,155, the amount for 1940-41 represents a reduction of ¥.308,625,289 from the year before, 7 In regard to the increase in the estimated revenue of the 1940-41 General Account, it is noteworthy. that before the transfer and deduction of the sums for the special accounts of emergency military expenditure and cession- of taxation to local governments, the revenue is Y.4,151,794,437, an increase of Y1,074,- 973,637 over the estimate for 1939-40 amounting to Y.306,810,800.
The greatest single factor in this rather remarkable expansion is in-properties, consisting principally the tobacco monopoly profits. A poor third in the gain is Y.16,356,040 from stamp sales—Reuter.
Yangtze Reopening Being Rushed
The J: ese Government
Text read from the printed page and cleaned; old type leaves the occasional error.