On The Sichuan Issuance Of Nation-Saving Public Debt In The Early Days Of Anti-Japanese War Speciality

Shortly after the Anti-Japanese War fully broke out, the Civil Government issued a nation-saving public debt in order to raise wartime military expenditure. The public debt, issued on September 1st of 1937, was targeted at the society and sold according to the full face values. Its repayment term was thirty years with the interest of four li per year and its face values ranged from thousands and hundreds to ten yuan and five yuan. The creditor of the public debt was the mass of people instead of previous factor banks. Under the influence of the patriotic passion and on the instructions of the Civil Government, the publication of the public debt went on smoothly, to a certain degree made up the financial deficit and increased the military expenditure. Hence, the debt had an expansive influence.The thesis from generality to specifics, starting with the establishment of The Community of National Nation-Saving Public Debt and Funds Collection, reviews the situation of the Sichuan people's subscribing to the public debt and talks about the issuance's background, policies, phases and scale (as for the issuing amount, the number of purchasers, the classes and so on). It puts emphasis on the characteristics of the publication of the public debt in Sichuan. Furthermore, it demonstrates the grand scenery of the enthusiastic purchasing of Sichuan people under the guidance of The Community of National Nation-saving Public Debt and Funds Collection and the Sichuan provincial branch and it also analyzes the crux in the publication of the nation-saving public debt. On the basis of the above, the thesis illustrates the effect of the public debt on Sichuan people.The thesis aims to explain that the purpose of the publication of the public debt is to raise wartime military expenditure and that the study on the publication of the public debt in Sichuan should emphasize particularly on the impact of the nation-saving public debt on the nationwide war condition and wartime finance, on the advantages and disadvantages resulting from the publication of the nation-saving public debt to the wartime life of Sichuan people in the rear area and on the response of the mass of people to the publication of the public debt.