Tang Dynasty good brother-in-law

Chapter 811

What Cui Junsu meant was that the money was lent out for such a long time, and the money bank was purely for public welfare, and the benefits did not seem to be large.

Liu Mu casually wrote a few numbers on the paper.

These figures are last year's deposit amount, deposit interest payment, loan amount, and loan forecast income.

Then Liu Mu asked, "Didn't Mr. Cui count?"

Regarding the numbers written by Liu Mu, Cui Junsu asked someone to fetch an abacus.

Cui Junsu really didn't count it, and always thought that it was a kind of auxiliary industry hinted by the emperor of Tang Dynasty to help the industrial development.

After taking the abacus, according to the interest rate of the bank, the buyer will still have money every month.

Cui Junsu was taken aback. "In the past 20 years, [-]% of the cost and [-]% of the profit."

As far as borrowing is concerned, people like Cui Junsu are no worse than Liu Mu.

Cui Junsu coughed: "Everyone, the theory of borrowing money has existed as early as the Spring and Autumn Period. Mr. Mengchang raised three thousand diners. One year, Xue Di owed the harvest. Many people did not pay the interest. These three thousand diners went to collect the money and got the interest. One hundred thousand dollars."

Cui Junsu used the word rush, which is enough to represent how terrible the interest was at that time, the absolute usury.

"Afterwards, high profits prevailed in the Han Dynasty, but the consequences were numerous. Emperor Jing made an iron law that the annual income should not exceed [-]%. A hundred years ago..." Cui Junsu stopped, shaking his head with a bitter smile: "Although I believe in Buddhism, I want to come here now." Exterminating the Buddha is a benevolent act."

All the courtiers laughed.

Only Liu Mu didn't understand.

Cui Junsu specifically explained to Liu Mu: "During the Northern Dynasties, my Qinghe Cui family also lent money. Within three months, the interest was almost [-]% per month, and no more than [-]% per year. Temples are the big lenders. Before the Sui Dynasty, half of the country’s money lending was in the temples, and in the Sui Dynasty it was [-]% in the temples, [-]% in the month, and [-]% in the year.”

Liu Mu was taken aback when he heard that, this temple turned out to be the biggest usury in the world.

(Note, it’s not black people, this is a historical fact that can be verified. The largest usury in the world in the Northern and Southern Dynasties ranked the top three, temples, powerful families, and big bureaucrats)

Cui Junsu said again: "When we established the country in the Tang Dynasty, we have strict regulations on borrowing. Under the Ming Dynasty of Emperor Jing of the Han Dynasty, it was further halved, requiring that the annual interest rate should not exceed [-]%, and the monthly interest rate should not exceed [-]%. But privately, there may be an increase, but No one dares to go too far."

"In West Market, there were nineteen original quality warehouses, all of which were closed last year. I heard that the owners behind these quality warehouses are extremely ruthless Changping Bank, but what can they do?"

The quality warehouse Cui Junsu mentioned is a kind of shop similar to pawnshops, which can be regarded as the predecessor of pawnshops.

Datang's private lending is in two forms, credit and mortgage.

The difference with later generations is that credit basically has no interest, and it is all borrowed by friends and businessmen.Mortgage is pure profit-seeking, because the Tang law prohibits compound interest, prohibits bad collection, and prohibits paying off debts with others.

This rule does not allow donkey rolling interest, does not allow violence to collect debts, does not allow debtors to be slaves or trade people, so credit card loans are only among trusted friends.

Zhiku is the predecessor of the pawnshop, even if they don't have Tang Lv to suppress them, they don't dare to put the interest too high.

For example, if the interest rate is too high for something, the probability of becoming dead is high, and the quality warehouse will become a second-hand collector.

For now, all this is in the past tense.

With the appearance of Liu Mu, the brutal Changping Bank suppressed all shops similar to pawnshops and banks in Chang'an.

They hate and want revenge.

Just like what Cui Junsu said, what can they do.

In Tang's era, there was no means of asset appreciation, and money piled up in the cellar.

Ordinary people in Changping Bank don't know it, but Cui Junsu, as the Minister of the Ministry of Household Affairs, knows it very well. It can be said that Liumu's Changping Bank is a way of making money out of nothing in his eyes.

Over the years, Changping Bank has absorbed countless deposits.

One of them was something that the merchants in Chang'an couldn't refuse.If the merchants in Chang'an transported coins to the south of the Yangtze River, they would need to pay for freight, money for guards, and so on.

And deposit the money in the Changping Bank in Chang'an, and then take it out in Jiangnan, and only charge five Wen for every one hundred Wen.To put it closer, if you take it out in Huazhou, you will not receive a penny, which is equivalent to helping merchants transport money for free.

Liu Mu lent the money to countless house buyers, who used their houses as collateral and paid back a sum of money every month.

In fact, Liumu didn't pay much at all.

There is also a reason for Cui Junsu to ask Liumu to hand over the Changping Bank to the Ministry of Household Affairs. Liumu Changping Bank did not leave a penny of the proceeds, and all of them were used in the construction of Shencewei and Chang'an River and Road Construction.

"I agree with Prince Consort Liu's proposal, and also think that three or five banks can be added."

Before Cui Junsu was about to launch a vote, he asked Liu Mu: "What other suggestions does Prince Consort Liu have?"

Liu Mu got up and said loudly: "Qianzhuang is particularly prone to ghosts, the rules must be strict, and the punishment must be severe."

Xiao Yu, who was sitting on the side, said at this moment: "Those who stretch out their hands will cut their hands, and those who are greedy for ink think that they can be Ling Chi..."

"Then let's discuss, and see if the new Tang money can enter the market within a year. I think that there should be a difference between the inner Tang and the outer Tang in the money style. The first version of the new Tang money in the Tang Dynasty was created by the father. The foundation of the world, so don't use my avatar, use my father's. After ten years of Zhenguan, we will discuss whether to change to a new version."

After Li Shimin spoke, there was a sound of praise.

Li Shimin said again: "For money outside the Tang Dynasty, I think that I will use Chang'an City of the Great Tang Dynasty as the front picture, and the picture on the back will be discussed with you, and the rest of the details will be discussed with you."

It is said to be a discussion, but the discussion is impossible here.

It is still necessary for the ministries to go back and seriously study their responsibilities, and then come up with a plan for discussion.

The Ministry of Officials also has to consider the issue of candidates for the Datang National Bank. It must be under the Ministry of Households, but how many officials will be assigned, how many grades of officials, the candidates for the primary election, and so on.

So this is a big event, Li Shimin gave a year to come up with a plan, in fact the time is very tight.

After this matter was finished, all the courtiers brewed tea and chatted for a rest. They knew very well that Liu Mu's return this time was definitely not just for this small piece of paper, and there must be many things to discuss.So when everyone comes here for a banquet, they tell their families in advance that they may not go home at night.

Liumu's place is the former Prince's Mansion, and the chief secretary of the front courtyard occupies less than [-]% of the total. The middle courtyard is basically empty except for Liumu's study.

There is enough room for everyone to rest.

Liu Mu's chef is an apprentice even to the royal chef, so eating is not a problem.

After a while, a few small carts came in with a bunch of boxes, and the important ministers all laughed. Just as they thought, Liu Mu's return to Chang'an must be something important, and it is a big event.

(End of this chapter)