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Hsin Chuang: A Study Of Chinese Village Finance

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Chapter Summary

The village records and accounts covering the twenty-five years from 1907 through 1931 are the basis of the story told here of the finances of the village of Hsin Chuang, how the village raised money for its local activities, how much it raised from various sources and what expenditures were included in the village budget. Due to the increase of the exchange rate and the consequent depreciation in the silver value of the copper coins, the copper and silver figures for the earlier years give quite a different picture of village finance. The increasing amounts of cash paid for continuing services such as salaries of town employees show the depreciation of the copper currency. In 1939, the year after our account study ended, the village evidently felt the need for additional service from the home guard and additional funds to finance it.

Keywords: copper coins; copper currency; Hsin Chuang; silver value; village finance



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