以往对中共抗日根据地减租减息政策中的“减息”研究不够 ,对于减息政策缺乏“变”的认识 ,以为减息 1分或 1 5分是一以贯之的政策。实际上 ,除了禁止高利贷以外 ,中共政权对私人借贷利率的规定有一个演变过程 ,即 :1 94 2年以前新债旧欠一律减息 1分或 1 5分。 1 94 2年以后 ,鉴于民间借贷关系的严重停滞 ,转而采取私人借贷利率自由议定的政策。在这一演变过程中 ,由于客观环境不同 ,减租减息斗争开展的程度不同以及对中共中央政策领会深浅的差别 ,各个根据地对于新债旧欠做了相应的带有自己特色的规定。本文以华北抗日根据地为例 ,对此做了系统考察 In the past, there was not enough research on “rate reduction” in the policy of rent reduction and interest reduction of the CPC’s anti-Japanese base areas, and there was a lack of understanding of the “interest rate cut” policy. It was a consistent policy to cut rates by 1 point or 15 points. In fact, apart from the prohibition of usury, the Chinese communist regime has an evolutionary rule on private lending rates: the old debt owed a one-and-a-half interest rate cut before 1912. After two years, in view of the grave stagnation of private lending, the policy of freely negotiating private lending rates was adopted. In this process of evolution, due to the different objective conditions, the different degrees of reduction of rent and interest reduction and differences in understanding of CPC Central Committee’s policies, various bases provide their own characteristics for the new debt-old arrears. This article takes North China Anti-Japanese Base for example, did a systematic investigation