Reborn Tang Emperor Li Chengqian

Chapter 141 Datang Royal Bank (1)

After Li Chengqian finished the early court, he left Du He, Li Yifu and other confidantes behind, and originally planned to let Li Zhi also stay to discuss important matters.

But seeing Li Zhi's absent-minded appearance, Li Chengqian didn't force him to stay and asked him to go back and take care of his wife.

"Your Highness! I don't know what orders the remaining ministers have?" Zhao Jie asked.

"Zhao Jie, don't be rude! Your Highness hasn't spoken yet, how can it be your turn to talk in this hall." Du He scolded.

"I'm just talking, what are you yelling about?" Zhao Jie muttered dissatisfiedly. Among all the people here, except Li Chengqian, Zhao Jie was not afraid of anyone, except Du He.

In fact, it was Du He who reprimanded people, with a serious face and majesty, which made Zhao Jie feel timid.

"This time I will keep all the ministers, and I will discuss matters with them. Now our Tang Dynasty is prosperous, the country is peaceful and the people are safe, and the people can live and work in peace and contentment, but..."

Everyone knew in their hearts that what the prince said before were all polite words, but what happened later was today's topic.

"As the population of Datang continues to grow, the food grown on the existing land of Datang may not be able to solve the future population growth."

"When there is a disaster year and the grain harvest in the field is not good, it is likely to lead to no crops. If there is not enough grain, it will cause social turmoil..."

Everyone was puzzled, not that the Si Nong Temple had already developed a grain variety called hybrid rice.

If this kind of hybrid rice is successfully planted, it will be able to harvest more than before. Even if it encounters a disaster year, it will be able to tide over the difficulties. Don't you have to worry about the food problem at all?
Why did His Highness the Crown Prince keep them all here today, and talk about the issue of food as soon as he opened his mouth.

Shouldn't the problem of food be resolved with the agricultural officials of Sinong Temple?What can I do to find them?
There is a big question mark over everyone's head.

Li Chengqian kept them, so naturally he would not talk to them about how to produce food.

Even if it is said, they may not understand it. Talking to them about food production is simply playing the piano to the cow.

They were kept because the crown prince had a mind of opening a state-owned bank in the Tang Dynasty, and he specifically asked them to discuss how to do it.

"Since ancient times, money and food have been the top priority of the country. Although our country is rich and the people are strong, there are still many places where money is needed in the Tang Dynasty."

"The treasury has limited money, and there are still many places where money is needed. Every transaction must be carefully calculated."

"This is still a good year. If there is some kind of natural disaster, the treasury will be stretched!"

"The widow has an idea to open a bank in Datang, so that the money problem can be solved."

After laying the groundwork for a long time, Li Chengqian finally got to the point.

No matter how the prince thinks about it, it really catches people off guard.

"Your Highness! What kind of bank is this? What is it? Why have you never heard of it? Is this bank an old hen that can lay golden eggs?" Zhao Jie asked everyone's doubts first.

Everyone looked at Li Chengqian, waiting for him to explain to everyone what a bank is. To be honest, they had never heard of a bank.

Could it be that, as Zhao Jie said, an old hen that can lay golden eggs is not a good one, otherwise, where is the money in the bank?It's impossible to appear out of nowhere!
Everyone made up their minds about the bank.

"Zhao Jie, you can really think that this bank is not an old hen that can only lay golden eggs. You can also think of it as an old hen that can lay golden eggs." Li Chengqian said.

Now everyone was even more confused, since it is not an old hen that can only lay golden eggs, how can it be regarded as an old hen that can lay golden eggs?

Prince, what does this mean?This confused them all.

"Your Highness! The qualifications of the ministers are dull. I really can't understand what your Highness said about the bank and how it is produced. Please enlighten me!" Di Renjie saluted.

Everyone nodded, Di Renjie's words spoke their minds.

"This bank! It is to let everyone in Datang deposit their money in the widow's industry, and then pay a certain percentage of interest every month." Li Chengqian said.

"Your Highness! I think this bank is inappropriate!" As soon as Li Chengqian finished speaking, someone stood up to object.

Everyone looked around, and the person who voiced his objection was Li Jingxuan, the crown prince's attendant.

"Oh! I don't know what you think is wrong?" Li Chengqian asked.

"As His Highness said, the bank provides the subjects of Datang to save money, and pays a certain percentage of interest to those who save money every month."

"But has your Highness thought about it? Our Tang Dynasty has a vast territory. If everyone in the Tang Dynasty deposits a sum of money in the bank, the monthly interest paid by the imperial court alone will be an astronomical figure."

"The national treasury can't support this huge amount of interest. At that time, let alone raising money, the imperial court will pay the interest. The Tang Dynasty will also perish because of this bank. Please think again, Your Highness." Li Jingxuan said.

After what Li Jingxuan said, everyone broke out in a cold sweat. If you really do this, if you can't afford the money to pay the interest at that time, the excited people will not fight you desperately.

"You are worrying too much!" Li Chengqian smiled slightly. How could the bank only have the function of saving money? This is not a stupid thing to commit suicide.

He, Li Chengqian, would not do such a stupid thing.

Everyone felt that the prince was confused. Didn't he see such an obvious thing? Even if he didn't see it, since Li Jingxuan said it so clearly, he should have woken up.

"Banks naturally don't only save money. We can also use banks to lend money to people in need and charge high interest."

"In this way, the vacancy of interest payment can be filled. Not only can the depositors be paid interest, but the bank can also take the opportunity to make a fortune." Li Chengqian said.

You can only make more money if you have income and exit, and no one wants to put money in the bank if you have income but no exit.

If there is no progress, even if you have mountains of gold and silver, it is not enough for you to prodigal.

It is a win-win thing to lend other people's money in the bank to those who are in urgent need of money to charge high interest, and then distribute some interest to the depositors.

It not only solves the problem of the principal, but also drives the circulation of funds, making the entire money market more active.

What if someone borrowed money from the bank and didn't pay it back?
Li Chengqian was not worried about this at all. No matter who dared to renege on their debts, the iron cavalry of the Tang Dynasty would teach them what it means to repay debts, which is a matter of course.

Anyone who dares not to repay the money owed to the Royal Bank will be bored and crooked.

Anyone who dares not to repay the money will go to someone's house to collect debts with arms.

(End of this chapter)