The first prince of Song Dynasty

Chapter 1419 Banks and Bank Notes

"The imperial court set up so-called banks in various places. Let's call them banks for the time being. The imperial court can issue certificates. Of course, the banks can also accept deposits from other people. This deposit means that they can deposit their wealth into banks opened by the imperial court. go inside."

Zhao Xu stood in front of Zhao Kuangyin and said his thoughts. He discussed with those businessmen, thought of some details, and brought Dou Yi to the palace.

"Your Highness, is this beneficial to our imperial court? According to what you said, it is indeed beneficial to some transactions between businessmen and the people, but what benefit is this to the imperial court? It also increases the burden on the imperial court, what do you think?"

Zhao Pu was also present. After finishing Zhao Xu's narration, he knew that it was beneficial, but it was not beneficial to the court at all.

"Haha, Zeping's eyes are still so poisonous, so I got to the point right away. Mr. Dou Yi, please come and tell Father Emperor and Mr. Prime Minister about our intentions." Zhao Xu did not return to this question, but let Dou Yi came to answer.

"Reporting to Your Majesty and Lord Zhao, His Royal Highness means that since the imperial court opens this institution, it must be beneficial to the imperial court. Anyone who withdraws money from us can charge one-thousandth of the handling fee, that is to say, the institution opened by the imperial court The bank has to pay a handling fee for every thousand guan withdrawn, and this is our profit point."

"We can also lend money from the bank to merchants. Of course, we need three people to guarantee it. Anyway, we will lose all our money. This will bring a lot of income to the court and at the same time activate the market."

Dou Yi briefly talked about the benefits of this, to let everyone understand that these things are not without benefits, but everyone didn't understand it very well, after all, it is difficult to tell them to understand at this time.

"Oh, I don't understand very well. Prince, please tell me and Zhao Pu in detail. I think you came up with this idea. No one else has such a weird idea except you."

Zhao Kuangyin knew Zhao Xu best, and ordinary people would never know what he was thinking.

Zhao Xu smiled and said: "To put it simply, let the people come to me to save money, and I will give them some interest, and then I will lend the money they save to those who need it. Of course, they also need to pay interest. This interest The money must be higher than the interest I give to the people, and the higher and lower is our profit, which is enough to maintain the operation of our bank."

What Zhao Xu said was that if you see a difference, isn't it a profit if you subtract one high and one low, you can understand it.

"I finally understand. What you say is not the same as those landlords lending money at usury. No, I will never do this. The bank you mentioned just let it go."

Zhao Kuangyin shook his head resolutely when he heard what Zhao Xu said that the bank could make a profit.

Qianzhuang is not unusual. The Jiaozi that Zhao Xu said is easy to carry is what makes people interested, but the court can't drag down its own because of that.

Zhao Xu said with a smile: "My father's loan is definitely not as high as the landlord's. Besides, it is always good for the people. When they are in trouble, they think of the court first, not the landlords among the people. How is this helpful to them?" Isn't that a kind of help?"

"Besides, what I said is not the point. The point is Jiaozi. This is the point. The opening of the bank is just for the better operation of Jiaozi."

Zhao Xu reminded, don't put the cart before the horse. It seems that Zhao Kuangyin and the others can accept Jiaozi, but they can't accept the matter of making a difference from the middle.

At this time Zhao Pu stood up and said:
"But everyone comes to the bank to save money, and if there are few borrowers, wouldn't our court lose money?"

Zhao Pu soon understood Zhao Xu's profit model, but what Zhao Pu said also made sense, that is, there were many people who came to exist and few borrowers. Wouldn't it be a disadvantage for the court?

Zhao Xu glanced at Zhao Pu, then smiled and said:

"What Mr. Zhao said is very true, but you must know that the interest I give to those who save money is not high, but the interest I lend out is five or six times that of saving money, and those who can borrow money will definitely He’s a man with a big family.”

"The most important thing is that if someone comes to our bank to borrow money, we not only need a guarantee, but also use something as collateral, just to prevent him from maliciously defrauding our court of money."

What Zhao Xu meant was that they could use the house deed, the land deed, etc. as collateral, and if it was not paid by the due date, I could sell their mortgage.

When Zhao Xu said this, everyone understood, but Zhao Xu then said that all of this needs to be proved slowly, so let's try to open a restaurant in Bianjing now.

"As for Jiaozi's anti-counterfeiting problem, we can print the emperor's year name, like the five baht coins of the Tang Dynasty, Kaiyuan Tongbao, etc. I think it will print Jianlong Notice on it, and there will also be a series of Anti-counterfeiting marks, so that criminals will not be afraid of counterfeiting, and I want to come up with one, anyone who forges Jiaozi will be guilty of crimes."

It's not that Zhao Xu is cruel. People's hearts are greedy. At this time, it's better to restrict them. Otherwise, we don't know what will happen in the future. We must enact the most stringent laws from the beginning.

"Zhao Pu, what do you think the prince said can be implemented?" Zhao Kuangyin didn't respond immediately, but asked Zhao Pu if he could implement it.

"Your Majesty, I don't know if it can be implemented, but we can try it in Bianjing first. If it works, we can implement it on a large scale."

Zhao Pu didn't know what it was like, because he had never tried it before, so he could only try it.

"Your Majesty, I also think that I can try it first, so that I can know the actual effect. I agree with Mr. Zhao, let's try it in Bianjing." Dou Yi also supports a pilot project first.

"Okay, let's try it first. The imperial court sent people to organize it. I think the name of the bank is vulgar. Doesn't it mean that it is used to store gold and silver? Let's call it a bank. That Jiaozi sounds like an exchange for children." Meaning, it’s not good, I think it can be called a bank note, Prince, how do you think my name has been changed?”

The bank note, this Zhao Kuangyin is too good at naming it, I really don't know how he thought of it, Zhao Xu absolutely agrees, unexpectedly the bank appeared here, and the bank note was born in advance.

"Okay, this name is really appropriate. I don't think there is anything more suitable than this. Let's start experimenting with it from now on."

At Zhao Kuangyin's order, the relevant institutions in Bianjing began to operate, and the bank was established immediately. Zhao Xu knew that no one would come to deposit money to exchange bank notes at the beginning, so Zhao Kuangyin ordered a trustee.

The entrustment is Zhang Ziqiang and his big businessmen. After all, they invented Jiaozi?
They deposited a large amount of gold and silver in the bank, and came out with silver bills in their hands to publicize with the common people and businessmen, and the name of the bank and the silver bills were printed out in a short time.

(End of this chapter)