While not divulging figures of the it is officially equalled the aggregated figures for the years 1937 and 1998. Those for 1040 marked a 40 per cent. increase as compared with 1938, while the 1941 estimated expenditure was about 65 per cent. more than in 1940.
Of the 1940 expenditures, about 70 per cent. went into national defence. Of the 1941 estimates 39 per cent. went for war expenditures and 30 per cent. for economic reconstruc-the end of 194) the Chinese Government had floated eight internal loans totalling $14,750,000,000; Up to the end of April this year $312,- 240,000 worth of savings certificates were sold.
The four Government banks in 1940 reported an increase of $1,500,- 000,000 in savings accounts, as compared with 1989, From $1,444,000,000 in note issue in July 1937, the amount has since increased to several times that figure.
The Chinese Government is now taking over the collection of land tax in kind, which amounted annually in pre-war days to $100,000,000.
Through occupational relief, the National Relief Commission gave employment to 1,000,000 war refugees. The Commission also gave $11,000,000 for the relief of 8,000 war orphans.
Of the 8,500,000 Chinese residing overseas, They contributed $300,000, 000 to relief work in China from the Outbreak of war up to the end of 1940, more than two-thirds coming from the South Seas.
Overseas Chinese remittances totalled $2,000,000,000 since the war, with '$1,000,000,000 in 1940 alone.
Text read from the printed page and cleaned; old type leaves the occasional error.