关扵党史報告, 刘少奇, 稿費 : 文革联批刘漫画初稿

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On the paper in his hands:
Chinese: 關扵黨史報告
Pinyin: Guan yu dang shi bao gao
English: Report of the history of the Party

On the leaflet in his pocket:
Chinese: 稿費
Pinyin: gaofei
English: Royalties

Author:
Chinese: 文革聯
Pinyin: Wenge lian
English: Cultural Revolution Alliance

Notes: This is a first draft (初稿, chugao) of a cartoon criticizing Liu Shaoqi (批劉漫畫初稿, pi Liu manhua)