Money is the state's real strength.
The Ministry of Revenue and the paper-money office (huizi wu) at Lin'an issue and redeem the paper notes (huizi) that have become the main currency of the east; copper cash drains abroad and to the Jin; iron cash and a separate note (the Liang-Huai jiaozi) serve the Huai; the emperor keeps a sealed reserve treasury (fengzhuang ku). The paymasters-general (zongling) at Zhenjiang, Jiankang, Ezhou and Chengdu pay the armies and hold the grain. On the 7th month of 1199 an order forbade Goryeo and Japanese merchants to trade away copper cash, a sign of the drain.
No figures are given here.
Who he is
- Title
- Minister of Revenue and the heads of the paper-money office
- Since
- not pinned
- Confidence
- low
General knowledge (Von Glahn, Fountain of Fortune); the chronicle of 1198-1203.
Overlord
The emperor and the Secretariat.
What it holds
- The paper-money printing and redemption
- The sealed reserve treasury
- The salt, tea and wine receipts
How it was acquired
Standing institutions.
Allies and rivals
The commissioners of salt and tea supply it; the generals depend on it.
How things stand that morning
Strained but working.
Wealth
Customs, salt, tea, wine, taxes in grain and silk, paper-money seigniorage.
Military
Pays the armies.
Threats
- Inflation of the notes
- Copper-cash drain
- Floods and drought
What the year holds
What happened next, if nothing in play changes it. Each event carries what it depends on and what would stop it.
- April and September 1203Iron-cash and Huai notes are withdrawn from the sealed treasury and illegal coin is called in (chronicle of Jiatai 3).Depends on: Fiscal pressure.
Places of note
- The Huizi bureau and the Revenue Ministry: Lin'an
Where the sources disagree
Evidence: Order of 1199 and entries of 1203 are from the chronicle; the rest is general knowledge.
On the map: A marker only.
Primary sources for Southern Song
Chronicles, registers, sagas and inscriptions written in or near 1200 that cover this entry. Each has its own page with editions, translations and where to read it.
- Continuation of the Comprehensive Mirror for Aid in Government, Bi Yuan (畢沅), completed by Feng Jiwu after his death (late eighteenth century, finished after 1801, from Song and Yuan sources). A Qing scholar's continuous month-by-month chronicle of the Song and Yuan centuries, compiled from the Song shi, the Liao, Jin and Yuan histories, Li Tao, Li Xinchuan and other Song sources. Read online
- Outline and Details of Two Reigns (thirteenth century, after 1224). A Song outline-and-detail chronicle of exactly the two reigns around 1200, drawn from the court's daily records. Read online
- Annals of the Western Xia, Wu Guangcheng (吳廣成) (1825 to 1827, compiled from Song, Liao, Jin and Yuan sources). A Qing scholar's year-by-year reconstruction of Tangut history from the Chinese histories, since the Xia left no surviving annals of their own in Chinese. Read online
- History of the Song, Toqto'a (脫脫) and the Yuan history office (1343 to 1345, from the Song veritable records, state histories and the Huiyao). The official history of the Southern Song, which ruled from Lin'an (Hangzhou) in 1200. Read online
- History of Song, chapters 488 and 489: Jiaozhi, Dali, Champa, Zhenla, Pagan, Srivijaya, Java, Brunei, Chola and Tambralinga, Toqto'a (Tuotuo) and the Yuan history office, from the Song court records (1343 to 1345, from Song veritable records and court diaries). The Chinese court's record of its southern neighbours, compiled from Song archives. Read online
- History of the Jin, Toqto'a (脫脫) and the Yuan history office, with Ouyang Xuan among the chief compilers (1343 to 1344, from the Jin veritable records and the Jin national history). The official history of the Jurchen empire that ruled north China and Manchuria in 1200. Read online
- History of the Song, the chapters on Xia and on foreign states, Toqto'a (脫脫) and the Yuan history office (1343 to 1345). The Song court's accounts of its neighbours, each arranged as an annal of embassies and wars. Read online
- Record of the Great Jin State, Attributed to Yuwen Maozhao (宇文懋昭); the attribution is doubtful (preface dated 1234; probably assembled in the Southern Song from Song and Jin material, with later accretions). A Song-side history of the Jin, with annals for each emperor and chapters on institutions, customs, the capitals and the Jurchen way of life. Read online
12 more in the sources library for South China.
Sources and studies
- Songshi quanwen (Song shi quan wen), juan 29 shang, Ningzong annals Qingyuan 1 to 6 (zh.wikisource, Siku edition)
- Songshi quanwen, juan 29 xia, Ningzong annals Jiatai 1 to Kaixi 3 (zh.wikisource, Siku edition)
- General knowledge of Song administrative and economic history (Hartwell, Von Glahn, Smith and Twitchett eds., Cambridge History of China vol. 5 part 2), not re-checked line by line in this pass
Last revised 4 November 2026. Published 4 November 2026. Suggest a correction on the OMNIA Discord.