Seeing that Jin Batian didn't understand the public debt, Minister Song explained to Jin Batian specifically, "Public debt, to put it bluntly, the state borrows money from the society, with interest and time limits. When the time limit comes, the principal and interest need to be paid.

Since the Republic of China, fundraising funds for public bonds have become the norm in society. Government civil servants need to pay salaries, public bonds, and public bonds. They need to build railways, public bonds, and pay wages to the troops, and public bonds. In war, they must be issued. Especially during the Beiyang period, too many public bonds were issued, and the public bonds issued by many warlords became waste paper after the fall of many warlords. For example, Cao Kun and Wu Peifu issued a public bond in the Second Zhi-Feng War, but the Zhi-Term storm disappeared. Zhang Dashuai was not in the mood to wipe the butt of the Zhi-Term, so this batch of public bonds was almost equivalent to waste paper, so the domestic purchase of public bonds was not enthusiastic.

Of course, this situation is unsecured public bonds. For example, those who are more likely to sell in the market are mortgaged public bonds. For example, government bonds that use salt tax and tariffs as collateral are bought even if the interest is lower. This time, the public bonds are mortgaged. Song Ziwen, the God of Wealth of the Guofu, means three-year government bonds with a total value of 500 million yuan in guaranteed hairstyles.

Since the establishment of the General Tax Police Corps, Sun Liren has captured all the soldiers and bandits entrenched in Haizhou, and the income of salt tax has increased steadily. In the past, salt induction has been passed down from generation to generation for hundreds of years, and only a symbolic payment of more than 100,000 yuan in salt tax to the central government every year. However, after the establishment of the Nanjing government, I don’t know what these Haizhou salt merchants thought, but they did not recognize the legal status of the Nanjing government and did not pay taxes to Nanjing. According to the saying that after the new government came to power, salt merchants should submit millions of taels of silver to Nanjing according to convention.

The principal was very angry, and the consequences were very serious. So Sun Liren took the Tax Police Corps to capture all the 30,000 private soldiers of Haizhou salt merchants, and changed the salt induction system that had been in the hundreds of years to the place sale system. You can buy salt tickets here with money (salt tickets are documents for paying taxes), and no longer use the salt induction system passed down from generation to generation. At that time, Nanjing's salt tax revenue reached several million yuan, more than ten times the previous one. The salt tax revenue in the second year easily exceeded 10 million yuan. Since then, it has been rising steadily. With the expansion of the central government's control, Nanjing's annual salt tax revenue has exceeded 100 million yuan.

Nanjing is helpless to use the salt tax revenue to mortgage the government bonds. Although the salt tax can earn 400 million to 500 million in the past three years, you cannot collect salt taxes in advance. There is a fixed proportion of the population of this country and the salt tax they eat. But after fighting, it took a lot of money to spend in the Rehe River. Seeing that Shaanxi is going to fight again, it is not known how much it will cost. This is the most important thing, but soldiers cannot go to war with bulletless rifles on hungry days.

So what should be spent is still spent. Even if you know that the funds raised by hair-type public debt have to pay some interest, you still have a chance to get it back as long as you can win. Besides, foreign wars are the life and death of the country and nation. If you are defeated, can the salt tax Japanese keep you for you?

Jin Batian understood it. When he thought that it was better to issue public bonds than to issue banknotes. Then, the hairstyle and purchase of the public bonds were both big and big. The only thing that the Nanjing government could control was the national bank opened by Kong Xiangxi. Whether it was financial resources or business outlets, it was just a child in the face of the three major banks. Now it was impossible for the three major banks to play with snakes and swallow elephants. It was probably because the minister was interested in the identity of the shareholders of his three major banks.

It is true that the three major banks are one of the major shareholders, but they are far from meeting the absolute majority standard. In response, Jin Batian could only promise: "I will help you say something on the bank board."

Minister Song wanted this result, and he had convinced several major shareholders of banks.

Before he finished drinking the tea, Jin Batian remembered something: "These public debts are mostly purchased by commercial organizations (the people can't afford them either). I think we should create a way to raise funds that can participate in the whole nation. Now, the way to put a box on the street to promote the raising of donations is a bit out of date."

"Brother Jiang You said this, you must be fully prepared. Please tell me." Song Ziwen also knew that the effectiveness of promoting donations on the street would be worse and worse. After all, everyone still has to support their families and produce and live. People who have spare money have already donated what they want to donate.

"It's just a little immature idea. The minister has heard of the lottery. For example, we priced it as one cent per prize, which can be used to scrape the prize. We can set a 1,000 yuan for the first prize (absolutely a grand prize), a 300 yuan for the second prize, a 100 yuan for the third prize, a 50 yuan for the fourth prize, a 100 yuan for the fifth prize, and a 2-yuan prize. Printing a million copies at one time means sales revenue of 100,000 yuan for the prize, and the winning return ratio is 60% of the total price. The remaining ones are used as issuance fees and the anti-Japanese funds raised."

Minister Song thought for a while: "It's not a lot to raise tens of thousands of yuan in a lottery."

"I think a medium-sized city can sell a lottery ticket worth tens of thousands of yuan a day. However, there are thousands of counties and cities across the country. This is not small. I believe Minister Song also knows the gambling nature of the people. I think this kind of thing is worse than being stuck. The government and banks join forces to do this to ensure the fairness of the lottery tickets than they were cheated and thousands of people when they went to a casino."

"Then try the effect in Peking first. If it is done well, it will not be too late to promote it nationwide."

"I think so too, but in order to prevent people from taking advantage of troubled waters, the access qualification should be strictly enforced. To prevent a waste of money, the deposit of double the total hair style should be mortgaged to the government." Jin Batian represents the three major banks. If anyone in China can compete with the three major banks for financial resources, it is probably gone. This trick can limit most people with insufficient funds to enter this department.

"Yes." Song Ziwen calculated that if thousands of counties and cities across the country held this lottery, they would be afraid that the finance department would survive by just one deposit. This is not a one-time job. To put it bluntly, as long as you make this bank, the deposit will be considered an entry certificate for the industry, and it will not be refunded unless you don't. More than a thousand counties and cities pay an average of 200,000 deposit per county and city, which is like an interest-free loan of 200,000 yuan. It turns out that this mystery is here. Relatively speaking, the income of the anti-Japanese fund raised is just the egg laid by this hen worth 200,000 yuan every day.

Since hens are in hand, Song Ziwen is not particularly picky about the size of the egg: "I think the winning return ratio of 60% is still a little less, but I think it is better to set it at 70%. I think the issuance fee is still profitable, and the remaining 20% ​​are included in the anti-Japanese fund."

Good man, Jin Batian said, why did Minister Song be kind? In theory, the return ratio of the winning prize is 50% of the conscience price. Twenty percent is the normal government tax revenue. Another benefit of this lottery Jin Batian didn't say, that is the reshuffle of funds. People with good luck can change their lives by winning the prize, giving people a more upward channel. A fair lottery system is still beneficial to social stability and unity.
Chapter completed!