Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
by Staff Writers
Beijing (AFP) Jan 15, 2014
Farmers in one of the poorest counties in a Chinese province built a wall of cash from more than $2 million paid out in year-end bonuses, a report said Wednesday.
The farmers, members of a co-operative in Liangshan county in the southwestern province of Sichuan, stacked bundles of 100-yuan banknotes into a wall two metres (seven feet) long and half a metre high before handing out the dividends, the semi-official China News Service reported.
The co-operative -- which runs vegetable fields, fruit farms and an investment arm -- paid out more than 13.1 million yuan ($2.2 million) to about 340 families, said the agency.
The cash was brought to the farmers in Jianshe by militiamen in camouflage uniform and stored in the village office under the close watch of seven guards, with three people sleeping on top of it at night.
"We used eight million yuan as a mattress and 4.2 million yuan for pillows," said Jin Hongzhong, one of the guards, adding they were so nervous that they stayed awake all night.
"It was not comfortable sleeping on top of so much money," he said. "It was too hard."
Residents of the village contribute to the co-operative in land, cash or other means, and their payouts are proportionate to their input.
It was not immediately clear whether the dividend was unusually high for the organisation but official figures show that China's rural residents' average net income stood at 7,917 yuan in 2012.
The highest shares in Jianshe were around 300,000 yuan, about 38 times as much, the report said.
One of them went to the family of Jin Ou, who was quoted as saying: "I've been counting for so long and my hands are sore, but still I'm not sure whether the number of notes is correct."
Farming Today - Suppliers and Technology
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|