Back to Ming Dynasty with Industrial Revolution System

Chapter 1028 Bond speculation
"Do you want to buy the war bonds with a face value of 100 taels at a price of 103 taels?" An Japanese businessman was interviewed by the largest comprador businessman in the area, Tamura. Tamura made a request to buy all the war bonds in his hands.

"Good." Tamura nodded.

He was asked by the Tokyo branch to buy bonds from the private sector. Although he didn't understand what the Kyushu Army wanted to do, the Kyushu Army was his biggest backer.Whatever Father Backer wants to do, he can only do it, and do it as well as possible. After all, his position from being a fisherman to the present is all bestowed on him by the Kyushu Army.

"When the shogunate sold the bonds, it promised to give us no less than 20% interest within one year after the end of the war, no less than 50% interest within three years, and return the principal after another three years, and the source of interest was obtained from the rebels. Even if the attack on the rebel army fails, it promises to return the capital within five years. If it is not such a promise, how can we subscribe for the war bonds of the shogunate at face value? Such an investment is very risky, The promise of the shogunate is not completely trustworthy." The Japanese businessman who holds the war bond once again confirmed to Tamura.

"I'm willing to pay a higher price to take the risk of getting 50 taels of silver interest in three years. You just say that you have bonds worth 3000 taels of silver on hand, should you sell them? I just see that you have a lot of bonds on hand. I only came to talk with you for the sake of you. What kind of status am I, Tamura, how can ordinary people let me come to you in person?" the comprador Tamura said coldly.

If it wasn't for the Kyushu Army asking him to do such unprofitable things, he wouldn't be willing to waste time buying bonds one by one.

"If you think about it carefully, you have only bought this bond for less than three months, and you have made a profit of Baisan by selling the war bond to me, and there is no need to take the next risk. For you Isn't it a good thing?" Tamura continued to persuade.

"Tamura-kun, please give me more time to think about it. As you said, I have only held the bond for less than three months, and I have already assumed part of the risk. Only Baisan's profit..." Dongying merchants always feel that Tian Cun suddenly found out that he wanted to buy bonds a little weirdly, so he wanted to sit on the ground and raise the price.

"I'll buy your 3150 taels of bonds for 3000 taels, and you'll earn [-] taels of profit in three months. You should be satisfied. As the saying goes, those who are too greedy will have nothing. Farewell." Tamura got up.

"Mr. Tamura, please wait a moment. I am willing to sell you the war bonds with a face value of 3000 taels." The Dongying businessman who held the bonds saw that the price of Baiwu was already the limit of Tamura, so he wanted to resell the bonds in his hand to Tamura.

As Tamura said, there is a risk of being breached by the shogunate if you hold bonds in your hands. Selling them to Tamura can remove the risk of default and earn 150 taels of interest, so why not do it.

"Okay, the contract of sale has been signed. These are thirty bonds with a face value of 100 taels of silver issued by Edo Bank." The Dongying merchant handed over the bonds he held.

"This is a bank note from Kyushu Bank." Tamura took out the bank note.

"Why isn't it cash?" The Dongying merchant got a bank note from the Bank of Kyushu.

"The bank notes of Kyushu Bank can be exchanged for gold and silver freely at the Tokyo branch. Dude, what era is it now, who would come out to trade with 3000 taels of cash?" Tamura accepted the bonds.

"That's right. The Tokyo branch hasn't had a breach of contract yet, so their reputation is fine." The Japanese businessman also accepted the bank notes.

"I say goodbye first."

After Tamura left, the Dongying businessman who sold the bonds took out the bank notes of the Tokyo branch again, always feeling a little weird: "The backer behind this guy Tamura is from Huaxia, has he received any news in advance?"

In Edo City, comprador merchants purchased war bonds on a large scale according to instructions, and finally flowed into the Tokyo branch.

The purchase price of war bonds in the private sector has been soaring all the way. At the beginning, someone changed hands at 103 taels and 105 taels. Later, it became 106 taels and 107 taels, and then rose to 108 taels and 110 taels. Bonds make a fortune.

Many subscribers who profited by flipping war bonds still don't understand why the price of war bonds with huge risks suddenly rises, and there are still people willing to take over.It wasn't until the "Kyushu Daily" published the battle situation of the front-line shogunate that everyone suddenly realized why some people were hyping up war bonds.

"Outside the number, good news came from Osaka Castle. The shogun led the main force to break through the Tennoji and Okayama positions, and approached the Osaka Castle. Once the Osaka Castle is broken, the world will be safe!" shouting on the streets of the city.

"Give me a copy." A Japanese businessman handed a copper coin to the newsboy.

"The shogun has a great victory at the front line, and this time it is estimated that the rebels will be completely defeated."

"I heard that the general's defeat of the enemy is a certainty. If I still have the Edo Bank's war bonds in my hand, wouldn't I be able to earn at least 50% interest in the next three years?"

"It seems that the world is about to return to peace. Wars, large and small, have been going on for several years."

"At least the price of food in our Edo city is finally going to drop. I am fed up with the current food shortage. Only the rice shops opened by Huaxia merchants have a conscience. The other black merchants set prices one by one. Some rice shops The price has risen to more than three times, isn't this going to drain our savings?"

Many residents in Edo City are talking about Tokugawa Iemitsu's battle on the front line. The good news on the front line has made many people believe that the shogunate can defeat the fallen coalition forces and reunify the world.

Several years of continuous wars caused peasant uprisings to break out in many places, as well as renunciation among daimyos. The war made people understand the preciousness of preferring to be a dog of peace and not to be chaotic and alienated.

"Oops, I was cheated by that boy Tamura!" The Dongying businessman who had previously sold the bonds in his hand to the comprador Tamura at a price of 3150 taels couldn't help but yelled at the loss when he heard the news of the victory of the front-line shogunate army.

If the shogunate army completely defeated the allied forces, the 3000 taels of bonds in his hand would be worth at least 3 taels in three years, and selling them for only 4500 taels would be a dark loss!

"Who still has the bonds of the Bank of Edo on hand? Those who bought the bonds can get rich this time, with [-]% interest in three years, and their net worth doubled by half!"

"I still have 1000 taels of war bonds here. I bought it at face value at that time, and it will become 1500 taels in three years!"

"I am willing to pay 1150 taels of silver to buy it, and I will bear the risk!"

"You have a good idea. The shogun is about to win a big victory. Do you think I will sell you 1150 taels of silver? Three years later, it will be worth 1500 taels. If you offer 1250 taels of silver, I can accept it."

"1250 taels of silver is too expensive. I only earn 3 taels of silver in three years, and it may be risky."

"The shogunate is about to win, so what's the risk?"

There was a new wave of war bond acquisitions in Edo Castle, and the price changed from the relatively high 110 taels to 112 taels, 115 taels, or even 120 taels!
(End of this chapter)