Xinshun 1730

Chapter 779 The Difficult First Step
The group of people present who Liu Yu regarded as Dashun's future hope did not think so much at this time.

Subjectively, they neither pay attention to the future of the Celestial Empire nor the impact of going to Nanyang on the future, and of course they don’t care about the so-called overseas market and the power to change the world induced from the outside.

Subjectively don't care.

They only care about money.How much can you earn.

They actually have no idea how much annual interest they can get from investing in Nanyang trade.

At this time, Liu Yu seemed to be drinking tea indifferently there. These people were also familiar with Liu Yu, and they didn't shy away from it. The people at the table started to discuss.

Liu Yu calculated the rate of return these people could accept based on the income from the land.

These people did not think too much about the land issue.

Because Dashun did make money by hoarding land.

but……

The fragmented economic foundation of Dashun made it difficult to hoard land.

The problem of land mergers in the Jiangnan area has not been resolved, but once the land exceeds two to three hundred acres, it is very difficult to buy land from these people who own two to three hundred acres of land.

People basically won't sell it.

As for the few small farmers, they do go bankrupt, and sometimes they have to sell their land for lack of money.

However, their lands were not contiguous.This house sells a three-cent land, that house sells a five-cent land, and a small piece of land.

It is not impossible to hoard land, but a small piece of land to the east and a small piece to the west are troublesome to manage, but whether it is possible to buy so much money at once with so much money in hand?

If not, the silver itself is dead.

Large tracts of land, farms, etc., are not short of money in the hands of the owners themselves. With such a high rate of return on land, it is difficult to buy large landowners and large farms without the risk of bankruptcy. in hand.

This is like 1 taels of silver in hand. In theory, if you buy all the land, you can earn 40 taels at an annual rate of return of 4000%.

However, in reality, it may be 1 taels of silver, but only 3000 taels of silver are sold.The remaining 7000 taels is only theoretically a higher rate of return for buying land.

Due to the contradiction between theory and reality, they did not, as Liu Yu worried, prepare to open their mouths for at least a 20% rate of return.

Lin Yunwen talked about another issue with the people at the table.

"Nowadays, the imperial court has more and more money for disaster relief every year. If the imperial court has money in hand, it can spend more on disaster relief."

"In addition, the sea transportation is prosperous now. From Liaodong to Guangdong, if the ships come and go, if they go to the black water ocean, they will arrive within a month."

"Even in case of natural disasters, rice from Japan, wheat from Liaodong, and rice from Siam can all be transshipped. The price of rice has been very stable in recent years, and even the price of rice in some places has become cheaper due to the entry of Nanyang rice. In addition to natural disasters The imperial court provided relief with rice, and it would be difficult for ordinary people to sell their land if they had no other choice."

"Plus, it's not very easy to buy land here. Most of the land has already been connected and we can't turn to us. The rest are small pieces, which are not very interesting."

"If the imperial court earns money from Nanyang in the future, I think if there is a disaster, there will be more scorpions everywhere. This must be considered."

What he said was also the realities in the south of Dashun.

Nanyang is a rice producing area, and the price of rice is still very cheap.

With the increasing population, the court adopted a tax-free policy for rice.

In addition, the customs in Songjiang and other places have become more stringent in management, and although there are cases of embezzlement and extortion, they are much less than before.

The low cost of sea transportation and the advancement of navigation technology made Dashun finally have the ability to "remove the grain in the west of the river and move the grain in the east of the river".

Although Dashun's disaster relief is basically ten taels from the top, after layers of corruption and embezzlement, only one tael actually goes to the hungry people.

but.

In the inland areas, the transportation is inconvenient; in the coastal areas, Dashun Shipping is gradually improving.This has led to the same ten taels of silver and one tael left, but the inland areas have to buy high-priced rice grains; while the coastal areas can buy cheap Siamese rice Liaodong wheat.

The same embezzlement and embezzlement left only one tael of silver, and the effect of disaster relief was far worse.

Furthermore, because of Dashun's special "taking history as a mirror", especially the deep memory of the events at the end of Ming Dynasty, Dashun was still a little willing to spend money on disaster relief.

There have been no major disasters in the past few years. Since the disaster that affected Japan and eastern China when Liu Yu went to Japan to "send charcoal in the snow", Dashun has not experienced a large-scale famine.

Basically, it was a few years of good weather, and with the rise of overseas trade, some people began to grow cash crops, sold the cash crops and used the money to buy Siamese rice and Liaodong wheat.

Even if it is limited to areas with very developed economies, once this situation occurs, it is irreversible.

In addition, those provinces that implemented sea transportation of grain rice also saved a lot of corvees for transporting grain rice.People are not afraid of taxes, but they are afraid of slavery. Taxes are the most bankrupt, but slavery can go bankrupt.

In general, the progress of Dashun's navigation, the reality of the rise of shipping, and the situation that it is about to fully control Nanyang, it seems that many problems can be temporarily suppressed.

In addition to these problems, there is a more special situation, that is, the capital in Songjiang and other places is also surplus.

Whether it is lending usury, opening pawnshops, buying land, etc., it has already been saturated.

It's not that they don't make money, but those who lend money, open pawn shops, or buy land. Those who are capable have already done it, and there is not much room for expansion.

It's similar to the Dutch East India Company. Everyone knows that if you can invest in the Dutch East India Company, you can get 18% annual interest, which is very good.But the problem is, you don't have a chance to squeeze in.

A large amount of enriched capital is also in such a delicate state of excess in Songjiang Prefecture.

To say that these people in Songjiang are a new class does not mean that they only appeared in the era of Dashun.

Before Dashun, there were quite a few such wealthy merchants and smugglers.

But at the end of the Ming Dynasty, even Zheng Zhilong, the pirate king, still had the way of thinking of "recruiting security, buying land, hoarding land, returning home with rich clothes, children and grandchildren supervised by the state, and the clan prospered."

But in the past few years, with the rise of various joint-stock companies, the high profits from trade with Japan, and the Dashun court, it seems that it seems to be reasonable to businessmen.

These people whose identities are similar to those of the rich merchants in the previous dynasty have gradually changed their way of thinking.

They also buy land.

But generally it is to buy a property of [-] acres, and make a foundation for the descendants once the investment fails.

The remaining money is to find some investment directions as much as possible to earn business dividends.

People are still the same group of people, but as the economic base gradually changes, people's way of thinking also gradually changes.Just like the Netherlands 200 years ago and the United Kingdom 150 years ago, there was a similar stage where behavioral inertia slowly changed.

Coupled with a large amount of capital enrichment, there is not much room for expansion in high-return projects such as hoarding land and lending usury, which makes these people's expectations for the dividend return rate of this trip to Nanyang not as high as Liu Yu worried.

They gradually realized that money is money when it moves.If it does not move, it is a pile of silver in the warehouse and cellar, which will not decrease, but will not increase either.

This kind of awareness is the process of gradually seeing the money in your hand as capital.

Silver is still that silver.

When it moves, it becomes the capital in the hands of the bourgeois; when it doesn't move, it becomes the pile of silver in the cellar of the landlord's house.

After a group of people discussed, someone said: "The rate of return mentioned by Marquis Jing naturally deducts the expenses required for the garrison and anti-smuggling."

"Just talk about whether we should spend the money for the garrison. This matter is worth discussing. But if the rate of return has already been deducted, it will only be worth talking about for us, and there is no reality." usefulness."

"If that's the case, it's nothing more than us taking out a loan. What the person who borrowed the money is used for has nothing to do with us. We just need to get back the interest on time?"

Many of these people are shareholders of Sino-Japanese Trading Company, and they have some understanding of the responsibilities and internal rights of this joint-stock company.

Of course they know that this is not the same thing as lending money to others. If they invest in shares themselves, it stands to reason that they should have the right to know and the right to make decisions.

However, they also realized that Nanyang was not the same as Japan.

It also involves armies, fleets, governments, taxation, monopolies, domination, and so on.

If it is reasonable to say that if you pay the money, you should have decision-making power. Taking Dashun's 2000 years of centralization inertia as an example, they subconsciously feel that it is pure nonsense. How is it possible?

How dare you think so?

In this way, their understanding of the funds raised by Nanyang Trading is more like the "government bonds" issued by Dashun.

Discussing along this line of thought, they actually understood this problem as another problem.

That is: if the national debt is issued in Songjiang Prefecture, how much interest will the court give, and are they willing to accept it?

With Liu Yu's reputation added over the years, and under the circumstances that the imperial court has not cut flesh and blood in recent years, this is a pure, purely economic consideration.

At what interest rate can these emerging classes in Dashun's Songjiang Mansion allow Dashun to borrow the country's national debt?
After a discussion among the people, a number that was basically consistent was reached.

"15%".

In this regard, these businessmen also have their own "reasons".

Some people said: "In the past, Wang Jinggong practiced the law of young crops, 20% interest. In some places, it can be called good governance."

"Of course, the 20% interest is not a year's interest."

"Apply for a summer grain loan before the [-]th of the first month. You have to repay it before the [-]th of May."

"Although ordinary farmers only need loans when they are in short supply, there is not much difference between repaying in May or the first month. Anyway, they can only repay by selling grain."

"However, if you really calculate it, the loan in the first month and the repayment in May will have an interest of 20%. This is calculated as a year, which is 45% interest, right?"

"Even if we talk about 45% interest a year, we can call it good governance and benevolent governance. In this way, we charge 15% interest, which is really not high."

"The imperial court has a decree that the interest rate for lending is capped at three percent of the interest. It's not too much for us to cut it in half."

"If there is less, there will be no taste."

According to their misunderstanding, the special joint-stock companies controlled by the state and the power of the military regime have been distorted into the understanding of national debt.

They feel that the annual interest rate of 15% can be regarded as giving enough face to the imperial court and the marquis.

Most people have this number, which is acceptable.

If the imperial court really wants to go to Nanyang, it must use a large amount of money. If the large amount of money can really guarantee 15% interest per year, given the current environment and situation, it can be regarded as the bottom line they can accept.

(End of this chapter)