Villager of Daming

Chapter 826: Agreed to borrow money but tried first

Zhu Yuanzhang thought for a while, then took a sip of tea: "Pfft~~What kind of tea? It's so bitter!"

"Kudingcha is indeed a bit bitter and is medicine." The chief introduced.

"Change, we don't get angry anymore, it's like coptis water." Zhu Yuanzhang didn't want to take a second sip.

"Change, come, give, drink, Mao, hey hey hey hey!" Zhu Wentian immediately brought the teapot and replaced it with new green tea, Huangshan Maofeng.

"There are gold and silver deposited by others in the gold and silver shop. They charge a certain storage fee. If someone else goes to pick up the gold and silver..."

Zhu Yuanzhang took a sip of green tea and found that it was sweet because Kuding tea was too bitter and there was a contrast. He talked about the gold and silver shop.

"Your Majesty, it just so happens that we open a bank. We can call it a bank, but a bank is better. We need to explain its functions later, and the terms are easier to apply.

If someone goes to a gold and silver shop to withdraw money, ask them to come to our bank to get it. It is a good time to check the gold and silver shop's account to see if there is any illicit payment.

The agreed monthly interest should not exceed three cents. If it exceeds, we can earn back one thousandth of the interest money. "

According to what Hanhan said, the village manager must promote the banking industry and keep up with financial services. The issuance of treasure banknotes will inevitably require channels for back-and-forth exchange.

Just open a bank branch next to the department store in each county to collect deposits, grant loans, currency exchange, bill exchange...

"So, there will be no gold and silver shops in the future? No, they can be used exclusively to help people process gold and silver jewelry.

Who should be held responsible?Is it going to take some training?Anyway, we have learned a lot about this, and it will finally come in handy.

The sergeant left behind?I'm afraid that they won't learn well, and my mind will be buzzing when I read part of what you wrote. "

Zhu Yuanzhang had obtained some of the banking business content that Li Changchao had read. It was very simple for Zhu Wentian, and it did not involve other functions of the central bank!

When deposits and loans earn interest, finance will begin, and deflation and inflation will be adjusted through reserve ratios and interest rates.

In addition, foreign trade profits are exchanged for collateral to take out treasure banknotes, and open market business is targeted at lower-level banks...

If it were the Tang Dynasty, Zhu Wentian would never throw out the bank so early. After the Song Dynasty and the Yuan Dynasty, the financial industry already had a foundation, and both businessmen and people knew it.

Without the Youth Law of the Song Dynasty, people would borrow money when they were not receiving money, so Zhu Yuanzhang required that the interest should not exceed three cents per month, or 30.00% per year.

Zhu Wentian wants to reduce this to less than [-]%, or even [-]%, because the interest rate on deposits is low, and others have to waste money and storage fees. The bank will return the interest to the people, and they will be happy if it gives [-]%.

The higher the interest rate on borrowing, the faster the inflation rate. It is very easy to control it at present by using low interest rates to curb high inflation and using high reserve ratios to deal with runs.

In the future, some smart people will feel that they understand how Daming Bank operates and want to exploit loopholes, and then teach them how to behave.

Including the Yi people, whose silver production was high, they wanted to use it to impact the Ming Dynasty's financial system, and swallowed up as much as they could.

"Your Majesty, they don't need to learn too complicated theories. They just need to learn the operations well. The bill of exchange adopts the four-part rule. If they learn how to fill it out according to the format, there will be no problem."

The headmaster himself had a headache learning it, but he had to learn it.

"Silian? Our department stores use triplex, and we also collect taxes. How did you come up with this? What do you want to eat in the morning?"

Zhu Yuanzhang drank two sips of tea and became even hungrier. He didn't want to waste any more time and ate quickly.

"Your Majesty eats shredded radish, oysters and tofu soup. The others will modify it according to their physical condition. The princess eats something different."

"Eat, do you have mutton buns?"

"Yes, but Your Majesty can only eat pork buns, as the mutton ones will cause irritation."

"Then let's eat steamed dumplings. If you dip them in vinegar, they won't be absorbed by the noodles." "Okay, there's also Laba garlic."

So Zhu Wentian drank shredded radish soup and had a satisfying meal of dumplings, and immediately sent someone to borrow gold and silver from the gold and silver shop in Nanjing City.

At the same time, bring the account. Anyone who wants to withdraw the gold and silver can exchange it to the bank temporarily established at the convenience office.

However, those who want gold and silver will be charged a storage fee according to the rules of the gold and silver shop. Those who do not want gold, silver or copper coins will be given an equivalent amount of treasure banknotes and the storage fee will be waived.

……

"Hanhan, no gold and silver shop is clean. They promised to make a profit of three points at most, but they actually managed to get a profit of five points.

Calculated based on twelve months in a year, it is 60.00%. The key is to pay equal monthly principal and interest.

This is no longer 60.00%. If we don’t pay interest first and then capitalize, the difference will be too big and it will make people breathless. "

The head of the village talked to Hanhan at night about what happened during the day. The court now has audit experts, but Xiaqiu Village didn't send anyone to help.

Zhu Wentian shook his head: "It depends on the use of the funds. For example, I think it will take eight to ten months for me to make money with the borrowed money. I naturally hope that the interest will come first and then the principal, otherwise I will not be able to spare the money to repay the principal and interest in equal amounts." .

If I can get some money every month, and the total interest of equal principal and interest is lower than interest first and principal second, I will choose equal principal and interest.

For the people who farmed in the lean years, it was actually better to pay the interest first and then the principal for three months. After three months, the grain could be repaid together.

Banks can even subsidize the deferment of principal and interest repayments, so that people have little pressure and don't have to pay back a penny before harvest.

For the bank, no compensation is paid in either case. For an equal amount of principal and interest, the total interest is less for a borrower, but it can lend again after recovering the principal and interest every month.

But no matter which one, 60.00% is high, and 30.00% is also high.

Therefore, the state has its own laws, every family has its own home, and the gold and silver shop is waiting to be cleaned up!Um!Money, making, easy, hey hey hey..."

Zhu Wentian was very happy to know that Zhu Yuanzhang promised that he would give you one percent of the loan interest after catching the gold and silver shop's handle and criminal evidence?There is everything in the dream.

……

The next day, the second day of the second lunar month, Zhu Yuanzhang invited officials and their families to come over and eat pork. When the dragon raised its head, there were no dragon heads to eat, but there were pig heads.

The whole pig head is braised and then processed. It is impossible to sauce a pig head. Once the juice is collected, it will be salty and cannot be fried or mixed.

And I also took photos today. After the last photo shoot, everyone got the photos. They were in color and they looked good. I also deliberately washed a few more copies for easy storage.

In fact, I kept all the negatives!Can be washed out at any time.

Everyone arrived before evening and didn't eat at noon. When we were hungry, we just ate some nuts and snacks and waited for a good meal in the evening.

Some of the ministers were happy, while others frowned. For example, Hu Weiyong was the latter. He always felt that something was wrong. Yesterday, he checked the accounts of the Nanjing Gold and Silver Shop and agreed to pay interest on the gold and silver loan, but he was arrested.

"Weiyong! Our good Zuo Cheng, you have been working hard recently! Hehehehehe..."

Zhu Yuanzhang waited for everyone to sit down and spoke to Hu Weiyong with a sincere look.

Hu Weiyong: "..."

Other ministers: "..."

(End of this chapter)