Word: kung
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Green at his job of Finance Minister is plump, owlish Dr. H. H. Kung. Last week he buckled to the task of trying to balance China's budget with a sternness remindful of his great ancestor, China's uncompromising sage Confucius...
With a squiggle of his pen Dr. Kung upped China's cigaret taxes by a staggering 50%. Twelve Shanghai cigaret factories instantly closed in protest, locked out 8,000 cigaret makers who shrilly cursed Dr. Kung...
Unperturbed and backed by his wife, the eldest sister in China's famed "Soong Dynasty" (TIME, Dec. 11), Finance Minister Kung announced with stoical aplomb that he was "considering" a 28% upping of China's most vital and widely detested tax, that on salt. To collect this tax Dr. Kung's brother-in-law and predecessor as Finance Minister, famed T. V. Soong, organized a special army of "salt tax troops" and was believed to have screwed out of the peasantry the last copper cash that they would pay without rebellion...
...Soongs can make much of this man." Though he was a Buddhist with concubines and the Soongs are Christians, she approved when Chiang put aside his concubines and married Youngest Sister Mei-ling ("Beautiful"). Meanwhile "Pleasant" herself had married the 75th lineal descendant of Confucius, Dr. H. H. Kung. Her little Brother Tse-wen ("Scholarly Son") became Finance Minister and was to be known favorably in every chancellery in the world as T. V. Soong. Thus the tentacles of a single family linked China's late, sainted First President and her living Conqueror, and her greatest Finance Minister...
Month ago Generalissimo Chiang and Brother-in-law T. V. quarreled (TIME, Nov. 6) with the result that Mr. Soong resigned as Finance Minister. He was replaced by the Generalissimo's other Brother-in-law, Dr. Kung. But in Chinese finance there is no such thing as replacing T. V. Soong. Dr. Kung is amiable and highly esteemed, less clever than his wife "Pleasant." Mr. Soong is the only man who ever balanced China's budget (TIME, Jan. 2), the only Chinese Finance Minister who ever held his country's extravagant militarists in check. Unfortunately Soong...