Rise of Australia

Chapter 76 The Opening of the Royal Bank (Please order first!)

On February 1901, 2, a crowd of people gathered somewhere in the streets of Sydney, and they were all eagerly waiting.

Everyone smiled and looked gratefully at the government and where Arthur was from time to time.

Right in front of the crowd, after a simple renovation, the original building was hung with the signboard of the Royal Bank of Australia and officially opened today.

The mere opening of a bank may not attract so many people to watch and cheer.What really made these people follow was a policy promulgated by Arthur along with the opening of the bank: All Australian families can unconditionally loan funds of up to two hundred pounds at the Royal Bank, and can use their own assets to mortgage up to a maximum of one hundred pounds in equivalent value. Thousand pound loan.

With the combination of the two loan methods, the maximum loan amount that each family can obtain has reached 1000 or [-] pounds.

Even if this fund is placed in the rich and prosperous British Empire, it is a deposit that only high-income families can afford.

For some people, this deposit is likely to change their destiny and become a small entrepreneur, or even the capital for the rise of a business star.

Of course, for the vast majority of people, being able to use this fund to buy more land, increase their family's income, and improve their lives is already the best result.

Because the interest on the loan is so low it's not even worth mentioning.Therefore, many people have plans to borrow a sum of money.

At ten o'clock in the morning, under the respectful and fanatical gazes of everyone, Arthur came slowly in a carriage, followed by Butler Hunter and several guards.

With Arthur's arrival, the scene gradually became quiet, waiting for Arthur's speech and actions.

Arthur came to attend the ribbon-cutting ceremony for the opening of the bank, but before the ceremony, various speeches were unavoidable.

After Butler Hunter introduced the role and goals of the bank, Arthur's speech followed.

The content of the speech was very simple. In addition to introducing the purpose of introducing the loan, it also encouraged Australians to work hard to start a business and struggle.

Although the content of the speech was very simple, it still aroused the welcome and shouts of a large number of Australians.

There is no other reason, it is precisely because of the prestige and popular support in Australia.

Afterwards, with the completion of the ribbon-cutting ceremony, the Royal Bank of Australia officially opened.

Afterwards, under the tense and orderly queuing, the crowd of onlookers entered the bank one after another, conducting business while asking questions.

Fortunately, the Royal Bank will only open in the capital Sydney in the short term, and branches in other states will have to wait until next month or even longer to open.

This also greatly alleviated the bank's funding problem. Although there seemed to be a lot of onlookers, many people were still undecided about the loan, and there were still a small number of people who had actually made a clear decision about the loan.

Arthur specially prepared 500 million pounds in cash for the opening of the bank, which now seems to be completely sufficient.

After all, even if most ordinary people have already decided on a loan, there is a high probability that they will choose an unconditional small loan.

Except for a few people who are really confident that they can rely on opportunities to rise and develop their industries, others are unwilling to carry huge loans on their own.

In addition to the loan business that is more popular with ordinary people, some people come based on the bank's savings business.

This includes many officials and big households, and cabinet officials are no exception.

Under the leadership of the experienced Prime Minister Evan, the cabinet ministers took out their own funds and deposited them in the bank. Among them, individual ministers with relatively large family assets even directly deposited a huge amount of tens of thousands of pounds.

This is actually not surprising.The previous prime ministers were all political tycoons who grew up as senators. Being awarded the prime minister status of the colonies naturally also received the approval of Queen Victoria.

The governor and prime minister of the colony are actually equivalent to the officials of the frontier, and they can be regarded as covering the sky with one hand in the colony.

Although it cannot have military power, it has sufficient political rights.Coupled with various welfare policies from the UK, the annual income of these prime ministers is very high, at least thousands or even tens of thousands of pounds, and even tens of thousands of pounds more.

Therefore, when they took out tens of thousands of pounds for storage, they didn't even show a bit of pain in their faces.

For them, compared to the [-] pounds, the most important thing is to make Arthur happy, and to support Arthur.

Compared with the previous prime ministers, the funds provided by other ministers are somewhat dwarfed, but there are thousands of pounds.

But this is the normal situation.Judging from the income of Australian cabinet ministers, in just six months, it is true that they can barely have a deposit of [-] pounds.

Compared with the loan business window, the number of people queuing up at the deposit business window is pitifully small.

It's not that Australians are unwilling to deposit in the bank, it's just that most Australians don't have any deposits, and there's really nothing they can do if their wallets are empty.

After inspecting the bank for a while, Arthur returned to the manor.Although it opens today, the number of people will be relatively more.

But in fact, most Australians will choose whether to take a loan after careful consideration, so the busiest time for business should be a few days later.

Arthur was not in a hurry, but ordered Hunter's butler to review and treat each loan deposit business carefully, and organize it into a detailed report.

On February 2th, after a week of operation, the Royal Bank successfully became famous in Australia, and to a certain extent, it also attracted many people from other states and cities.

At the same time, Butler Hunter has also completed the business summary of the Royal Bank one week before the opening, and submitted the report to Arthur.

不得不感叹澳大利亚人糟糕的贫困现状。从2月17日到2月24日整整七天的时间，王室银行一共处理了两千900多个业务。

Although it looks like a lot, in fact, more than 100 businesses are loan businesses, while there are only more than [-] deposit businesses.

You know, this is the data born with the support of cabinet members and some officials.

If the support of these officials is subtracted, the number of deposits may be even smaller, and the amount is even less likely to reach £[-].

Compared with the deposit business, the loan business is much busier.

There are more than 800 loan businesses, of which more than [-] are unconditional loan businesses, with an average loan of [-] pounds per household.

The remaining more than 500 loans are unconditional and mortgaged together.Due to the difference in their respective properties, the amount of their loan is also different, but they are basically more than [-] pounds.

　It's on the shelves! It's on the shelves!Ask for the first order!In addition, I wish you all a happy new year, a new year, and a new journey!

　　
　
(End of this chapter)