Research Of The Ministry Of Finance Ping City Official Money Bureau

On the early republic of China, ministry of finance Ping City Official MoneyBureau was established by government. This bureau which built in1914had becamebankrupt for the Copper Ticket Unrest, then reorganized metropolitan official bank ofofficial-merchant joint management in1926. Thesis take ministry of finance Ping CityOfficial Money Bureau as the research object, analyze and prove the development ofbranch structure, the evolution of business, the issuing of paper currency and copperticket unrest, through the process of establishing, development and initiating unrestthen bankruptcy, revealing political always in the dominant position, during the gameof politics and economy in the special period.Ministry of finance Ping City Official Money Bureau which ran the businessas general banks and ruled by the government belong to properties of the nationalpolicy, but it was different from national bank. Thought the auspices institution wasgovernment, the development of business had been being tortuous, for the specialperiod, capital quantity and operation scale much less than that national bank. Thebureau’s main business was copper ticket issuance, for political situation unsteady andfoundation weakness in business, transact agency from the place of pecuniaryexchange to the office which set up specially by China Bank, then returned the branch,while this bureau perfected gradually in the process.On the early republic of China, the deficiency monetary of depreciation wascopper’s essential attribute. So there is a tight link between copper and copper ticketas copper’s exchanging paper. The amount of copper’s reserve fund is the guaranteeof ticket’s circulation. In the special period of warlords, the copper ticket was took bydominator as emergency fractional currency to enlarge financial resources, thenunlimited printing, and made it as hypothecation to loan from some banks andpersonal firm. The bureau finally lose its credit, for a large amount of copper ticketintersperse among market, when it was unable to pay debt as they fall due. Howeverthis process concealed various drawbacks, such as the corruption and collusion of leading class, cooperation based on government nominal, irregularities for favoritism,despite society became turbulent and unsafe.