Reply to the East China Bureau Telegraph!
(August 14, 1949)
(1) The use of the 240 billion yuan;
(2) Why as much as 240 billion yuan is needed, and whether it can be reduced;
(3) An estimate of the attitude urban industrialists and businesspeople will take toward this bond, whether they will support it, and if they do not support it, whether there is a possibility of failure;
(4) Whether an interest rate of four percent is appropriate, and why it is appropriate;
(5) Why it is stipulated that repayment of principal and interest will begin in December of next year and be fully paid off in three years, whether this term is too tight, and why it is so stipulated?

This constitutes the main content of the reply telegram drafted by Mao Zedong for the Central Committee of the Communist Party of China to the East China Bureau, requesting an explanation on the issue of issuing public bonds.