Regulations on the Issuance of "Revolutionary War" Short-Term Public Bonds
(June 25, 1932)

Article 1: For the purpose of developing the revolutionary war, the Provisional Central Government hereby specially raises public bonds to provide ample war funds, and thus designates them as "Revolutionary War" public bonds.

Article 2: The quota for these public bonds is set at six hundred thousand yuan in national currency.

Article 3: The interest rate for these public bonds is set at 10 percent per annum.

Article 4: The bond certificates are divided into the following three types:

1. Five jiao
2. One yuan
3. Five yuan

Article 5: These public bonds stipulate repayment of principal and interest within half a year, with the repayment period commencing on January 1, 1933, at which time both principal and interest shall be redeemed simultaneously.

Article 6: These public bonds may be used at full face value for the payment of commercial taxes, land taxes, and other state taxes and levies; however, no interest shall accrue when used for the payment of this year's taxes.

Article 7: These public bonds are permitted for purchase, sale, mortgage, and use as security for other forms of cash guarantees.

Article 8: Any person who intentionally undermines credit or damages the price shall be punished as a saboteur of the Soviet and the revolutionary war.

Article 9: The sale of these bond certificates and the repayment of principal and interest shall be handled respectively by the financial organs of governments at all levels, the Management Department of the Red Army, the State Bank, and the workers' and peasants' banks, cooperatives, and other entities in various localities entrusted by the government.

Article 10: These regulations shall be promulgated and take effect on July 1, 1932.

Chairman of the Provisional Central Government: Mao Zedong
Vice Chairmen: Xiang Ying, Zhang Guotao

June 25, 1932