In order to advance the revolutionary war, the Provisional Central Government has issued public bonds to augment war funds; hence they are designated “Revolutionary War” Public Bond Certificates. The total amount of these bonds is set at 600,000 national currency units. The annual interest rate shall be one fen. These bond certificates shall be issued in three denominations as follows: 50 cents, 1 yuan, and 5 yuan. Principal and interest on these bonds are to be repaid every six months, with the repayment period commencing on January 1, 1933, at which time both principal and interest will be paid in full. These bonds may be used in full value for the payment of commercial taxes, land taxes, and other state taxes; however, no interest shall accrue on payments made in the current year. These bonds may be bought, sold, mortgaged, or pledged as security in lieu of cash.  Any person who deliberately undermines their credit or manipulates their market price shall be prosecuted as an enemy of the Soviet regime and the revolutionary war. The issuance and sale of these bonds, as well as the repayment of principal and interest, shall be handled by fiscal organs of governments at all levels, the Red Army Supply Department, the State Bank, and such local workers’ and peasants’ banks and cooperatives as may be authorized by the government. This Regulation shall come into force upon its promulgation on July 1, 1932.

Mao Zedong, Chairman of the Provisional Central Government; Xiang Ying and Zhang Guotao, Vice Chairmen. June 15, 1931, according to the Gregorian calendar.