Doctor of the Great Song Dynasty: In the beginning, Li Qingzhao and Li Qingzhao made a private decis

Chapter 187 500 National Debts

"Doctors want to underwrite national debt?"

All of a sudden, the entire imperial court was in an uproar.

"The officials must not listen to Fan Zheng's random prescriptions. The old man admits that the doctor's family is very happy, but how much national debt can the doctor's family's money alone buy?" Zhang Dun shook his head.

Fan Zheng held out a hand solemnly.

"Fifty thousand?"

Baiguan frowned, [-] guan is indeed an effort for the doctors, but for the needs of the Ministry of Civil Affairs, it is just a drop in the bucket!
Zhang Dun snorted, Fan Zheng was too overwhelmed.Da Song needed countless money, how could he alone be able to solve it, not even doctors.

Fan Zheng shook his head and stretched out five fingers again
"One million pennies?"

Fan Chunchun was slightly moved.

If the doctor can scrape together 50 guan, it can also solve the urgent need of the court.

Fan Zheng shook his head again, and said solemnly: "No! It's 500 million yuan. The doctor is willing to underwrite the national debt of 500 million yuan."

"500 sticks!"

At this moment, the whole court was shocked. What is the concept of 500 million guan? .

"Impossible? Even if you sell the doctor's family, you won't be able to get so much money!" Lu Dafang sneered.

"Doctors really don't have that much money!" Fan Zheng admitted without hesitation.

"However, the rich merchants and common people in the world have spare money. It is not difficult to digest the 500 million guan with the financial resources of Kaifeng City alone. With the reputation of the imperial court and the guarantee of doctors, they will definitely be able to raise money for the imperial court in a short time." Fan Zheng said solemnly.

Zhao Xu's heart moved, the folks can indeed come up with 500 million guan, this strategy may be feasible.

"Fan Taicheng is dedicated to the country, and I admire him!" Zhang Dun said impatiently.

If Fan Zheng's underwriting of the 500 million national debt is successful, it can solve the financial crisis of the imperial court in a short period of time. For the new party, it can show its talents.

If Fan Zheng fails and the evil side fails, the New Party can take the opportunity to win back its position in the hearts of the officials.

"The minister also agrees!"

Lu Dafang and other old party ministers also agreed.

It is natural that the imperial court would be embarrassing when it comes to borrowing money. Now that there are more doctors as a fig leaf, it is naturally better.

Moreover, the five per cent interest rate is so delicious that even the old-fashioned Lu Dafang feels that it is taking advantage of the sky.

"I object!" Fan Chunchun, the minister of the household department, came out suddenly.

"Ok?"

All the officials in the court frowned and looked at Fan Chunchun. The one who cried poor just now was also the Ministry of Household Affairs. Now that 500 million yuan was delivered to him, the Ministry of Accountancy did not dare to take it.

"Fan Shangshu is eager to protect his nephew, and I can understand it. However, the issuance of national debt is something that benefits the country and the people. How can we avoid it for the benefit of the Fan family." Zhang Dun reprimanded.

Fan Chunchun smiled wryly and said: "The lower officials believe that Fan Zheng is sure to raise money for the national debt for the court, but the money is a full 500 million guan, how can the court take it out at once, and I worry that the court will not be able to pay it in time."

For Fan Zheng, a nephew, Fan Pure gave up completely and let him toss, but what really worried him was the repayment ability of the court. The principal of 500 million guan, plus 25% interest, is a full [-] guan every year. Interest, this is not a small sum.

"Fan Shangshu is too worried. It is impossible for the imperial court to need 500 million guan in one go. The national debt can be divided into one-year, two-year, three-year, and five-year periods! Each period is set at 100 million guan. In this way, the imperial court has The money is available, and there is no need to repay all the principal and interest at one time." Fan Zheng explained.

"Principal and interest of 100 million guan a year!" Fan purely breathed a sigh of relief, repaying 100 million guan a year, the Ministry of Households still has the ability.

"And we can set the one-year interest at [-]%, the two-year interest at [-]%, and the three- to five-year interest at [-]%, which can not only reduce interest expenses, but also extend the repayment period of the household department. "Fan Zheng said easily.

"Three percent!"

Baiguan's face twitched. They didn't expect Fan Zheng to lower the interest rate on the national debt again, but this was a good thing for the household department, and the only pressure was shifted to the doctors.

"The minister has no objection!"

Fan Chunli nodded in satisfaction.

Zhao Xu looked around and saw that the ministers had no further objections, so he immediately agreed: "Fan Taicheng's performance will be accepted, the imperial court will publish the national debt, and the doctors will underwrite it!"

........................

At present, the imperial court publishes the Mansion Newspaper, publicizing the restrictions on private usury, the implementation of the Young Crop Law, and the national debt.

"Private lending, beheading interest is strictly prohibited, nine in and thirteen out, and the annual interest must not exceed four cents!"

"Young crop money has been reduced to one cent per year! Private appeals are allowed."

"The officials are wise!"

The whole Kaifeng people cheered.

Without him, the common people have long hated usury. Once an ordinary family gets involved in usury, their family may be ruined if they are not careful.

The Green Crop Law seems to be low-interest, but in fact it charges twice as much interest. In addition, the Green Crop Law is strict, and the people also don't like it.

The court's move can be described as very pleasing to the hearts of the people.
All of a sudden, the hearts of those who are short of money are fluctuating, and such a low interest rate is within their tolerance.

"What kind of people don't add taxes and the country has enough! It's just sucking the bones of the people!"

An old man hated this deeply. In his opinion, whether it is usury or the young crop law, they are all harmful to the people!

If the imperial court really wants to help the people who are short of money, it is best to help the people free of charge like Yizhuang. This is an act of benefiting the people.

"This old man is a bit biased. One cent interest is the lowest since ancient times. What's more, even the court has to pay interest on borrowing money, let alone ordinary people." A merchant pointed to the national debt information on the mansion newspaper and sighed. road.

"The imperial court issued national debts, three per cent a year,..., five per cent per year for five years! Repay the principal at maturity!"

Many common people could not help but frown when they saw the interest rate of [-]% to [-]%.

Just now, the interest rate of one cent per year under the Green Crop Law has been cheered by everyone, calling it good governance, but the interest rate on the national debt is as high as five per cent.

"The national debt is five cents, and the Young Crop Law lends one cent. The imperial court made a good idea." The old man sneered.

But the merchant shook his head and said: "Private lending is risky. If you can't get it back, it would be a waste of time. And lending money to the court, although the money is small, is better than safety."

"Safe? Have you forgotten the disaster of having a son?" The old man suddenly sneered.

"Jiaozi!"

The people of Kaifeng were in an uproar.

The business of the Song Dynasty was prosperous, and the earliest banknotes in the world appeared in the land of Sichuan and Shu - Jiaozi!
However, Jiaozi's collapse was caused by the court's excessive prostitution.

Especially during the period of Renzong and Shenzong, the war in the Northwest was tense, and Jiaozi was sent indiscriminately many times, which greatly devalued Jiaozi. Today, Jiaozi is hated by people and ghosts.

If the imperial court fails to redeem the national debt in time, I am afraid it will be like Jiaozi at the beginning.

All of a sudden, there was a lot of discussion about the national debt, and there was uncertainty!

Even if there is the temptation of five per cent interest, they still choose to wait and see. After all, they want the interest of the court, but they are afraid that the court will take their principal.

(End of this chapter)