The Financial Support of National Unification:The Local Finance Consolidation of the Nanjing National Government After the Administrative Unification of Sichuan
Since the early Republic of China,the local finance of Sichuan province had been out of the control of the central government for a long time.In the latter half of 1934,the disastrous defeat of the Sichuan Army in the encirclement and suppression of the Red Army lead to the local financial crisis,and the local military commanders were forced to seek the help of the Nanjing National Government.In order to solve the financial crisis and achieve the financial unification,the Nanjing National Government urged the local government to realize the separation of national and local taxes,return the national tax to the central government,and abolish harsh and miscellaneous taxes.In the meantime,it agreed to give the national tax income of Sichuan back to Sichuan province,allowed the local government to impose a 300％surtax on the land tax in the name of the Encirclement and Suppression War,and raised new taxes.In terms of public bonds,the Nanjing National Government floated a new bond named"The Rehabilitative Public Bonds of Sichuan Province"to recover the bonds issued by the Sichuan Army.The finance consolidation ended the independent status of finance of Sichuan province,alleviated the local financial crisis while promoting the unification of national finance,and consolidated the administrative unification of Sichuan.However,the local finance was still restricted by the huge military expenses and heavy debt burden,and the tax burden of local people could not be effectively relieved.
Nanjing National Government Finance ConsolidationAdministrative Unification of SichuanSeparation of National and Local TaxesThe Rehabilitative Public Bonds of Sichuan Province
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