Public debt, loan, pledge?

Feng Sixian understands these nouns separately, but Feng Sixian is completely confused when combined. (《》, watch the latest update of this book)

He knew that when Liu Changxia collected, he borrowed a large amount of grain from some large households with public debts. Not to mention other places, Huangyan County alone had 40,000 shi of grain borrowed by the Hongjun through public debts, and this public debt became a major problem in Huangyan County.

If it is exchanged for silver, it is a white strip of 40,000 to 50,000 taels of silver. Most of them are five years, three years, seven years or even ten years. For these big investors, this can be said to be a huge blow. For 40,000 shi of grain, it was replaced by an unknown public debt.

The only benefit is that if someone else's debt is owed, Hongjun allows them to repay it in public debts. However, even so, no one accepts such public debts. Although these public debts are nominally worth more than 10,000 yuan, they are actually worthless.

For this question, these big players have been looking for Feng Sixian several times to fight for profit, and now Feng Sixian answered these big players with a surprised look: "Who can tell me what's going on? If it works, I will hurry back to Linhai immediately!"

And in Linhaicheng, this morning seemed particularly lively.

Large households, especially those who occupy more than hundreds of acres of land, are particularly concerned about the two official documents posted today.

The first official document is the announcement that the newly established bank allowed the good people of the government to borrow money from the bank using grain bonds as pledges. This announcement was confusing, but only one thing was clear, that is, they could pledge the Jianguo government bonds that were originally worthless and borrow money from the bank.

This is amazing. Although these big investors are rich, they don’t have much working capital at all. Most of their funds are either stored or taken out to buy land and land. This year, Liu Chang’s use of public debt to borrow can be said to have damaged their vitality.

The working capital they have now seemed a little nervous. If this continues, they may have to use the money hidden in the cellar. Now this announcement can be said to be a timely rain.

Another official document also made many small and medium-sized families cheered, that is, the Hongjun suddenly decided to allow the wastelands in Taizhou Prefecture to be promoted.

"Shengke" was a proper term in the Qing Dynasty, referring to the normal grain reclaiming of wastelands. In fact, there is no wasteland, but the fields that have been reclaimed for hundreds of years but are not in government documents. In Taizhou Prefecture, these fields are either in mountainous areas, islands or coastal areas, and are all areas prohibited by the Qing government.&*.

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In theory, fields that have not been promoted to a higher education do not need to be paid for food, but in fact, property rights are not guaranteed, because there is no sign of such fields in government documents, and large and powerful people can occupy such fields at any time.

What's even more terrible is that the fields that have not been promoted to the school are just theoretically not required to pay food. The county's scholars and powerful people regard these fields as their source of wealth, and sometimes they pay more money than the fields that have been promoted to the school.

The land policy of the Qing government was relatively rigid, and it strictly controlled the development of islands and mountainous areas to prevent the gathering of refugees from causing chaos. Most of the time, it was not proactive to upgrade the subject. Only when the finances were extremely difficult would it be possible to use the subject to increase the one-time income, and local governments had no enthusiasm for upgrading the subject.

In this case, the land owners who had been reclaimed for hundreds of years finally found a way to upgrade their ancestral fields and replaced their originally unstable fields with stable fields. Even if this kind of ancestral field is huge, if the red thief fails, their investment in upgrading their ancestral fields will be completely in vain.

However, the Hongjun's promotion of the vocational school was very formal, and the price was much lower than that under the control of the Qing government. The more important payment methods were very flexible. The official documents had been clearly written and payments could be made with silver, money, government bonds and even grain.

Many Odadong, who had a little bit of food bonds, went to ask the Gao Zhifu. The Gao Zhifu's reply made everyone even more happy, that is, the price on the official documents could be discounted. If you pay with public debt, it would be 100%. If you pay with money, it would be 20% off, and if you pay with silver, it would be 20% off.

As soon as this sentence came out, the entire Linhai City was shocked. No one expected that this public debt could be really worthy of money, and the government even admitted it.

Everyone is more concerned about another question, that is, whether the government bond can be pledged and borrowed money.

Zhang Weichao is a young man from a Shanxi money shop. He never thought that he could be promoted to the position of a big shopkeeper so quickly.

In fact, this was just a beautiful mistake. He never thought of doing things for the Red thief. When the popular thief attacked Huangyan County, he rolled up the bedding and prepared to follow the shopkeeper.

But not long after he left the city, he was encountered a group of turbulent Tuan Yong. They killed the shopkeeper and all the money he carried with him belonged to Tuan Yong. Zhang Weichao also became their captive. Soon after, he was rescued by the Dragon Spear Camp in the hands of these turbulent courage.

This small money shop in Huangyan County was only opened last year. It is a semicolon of a Shanxi money shop. The boss didn't want to make a lot of money in a small place like Huangyan. He just wanted to get a redemption outlet. Zhang Weichao is even more a little person who has any.

But after he reported his identity, Liu Chang personally asked him to ask if he was willing to be a shopkeeper who was an official ticket account!

If you are willing, then you are naturally extremely willing. Zhang Weichao agreed to Liu Chang's recruitment as soon as possible. Although he never knew that there was an official ticket account, he knew the majesty of the shopkeeper.

Soon, he discovered that the so-called "bank" thing was beyond his imagination, and the advantage of government ticket offices was indeed a hundred times better than that of merchants, let alone the absolute monopoly.

He completely followed the thief and willingly did things for the group of monsters who were demons and monsters in the eyes of these big bosses in Shanxi. Soon, Liu Chang specifically gave Zhang Weichao some advice before the Western Expedition.

If the Western Expedition is not smooth, then Zhang Weichao will try his best to issue more public debts to support the Western Expedition. However, if the Western Expedition fails, he can release some of the excess money to recover part of the public debts.

Today, the bank's Taizhou semicolon was opened, and he soon welcomed countless gentry, who rushed to ask about the details.

Zhang Weichao told him with the demeanor of a big shopkeeper: "As long as you use the public debt as collateral, this person can match it, you can borrow money from our bank and return it to our bank after the autumn harvest!"

Banks, these gentlemen think this new term is very good, and they pay more attention to the details: "How many can I borrow?"

"It depends on how many public debts you can take out, ranging from 20% to 35%!"

They can only get a loan of 20% to 35% of the face value. Although this disappointed the gentleman, it is also quite good. They are more concerned about the next question: "Does it be enough to get a lot of public debt?"

"There are quotas!" Zhang Weichao told them mysteriously: "Every counties in Taijun County have quotas. Our Linhai is the first county, so the quotas are definitely not small!"

Is the quota really not small? In fact, there is absolutely not much. Linhai County borrowed 27,000 stones of grain, but the first batch of quotas was only 2,500 yuan for hanging money. Even if Liu Chang considered adding the quota again according to the situation, the quota that he would lend to these gentlemen would not exceed 4,000 yuan for hanging money.

This is equivalent to borrowing ten taels of silver from the big investors and taking out one tael of silver to lend it to the gentlemen, but this result made the gentlemen overjoyed: "Okay! OK! OK! How much interest, how to go about the procedures?"

This loan is different from private lending, with a very low interest rate. From now until the autumn harvest, it only costs four cents of interest. Compared with rural usury, it is simply free to get it. Such interest makes the gentlemen overjoyed.

The procedures were a little bit trivial. It was not enough to just take out the public debt. The township manager also went through a process. After the township manager stamped the seal and confirmed it, they could get the money. However, the gentlemen who were extremely eager for funds were ready to run to the countryside at once.

They have heard that this time there is a limit. As long as they borrow money from themselves, even if they lend it to others, they will have at least twice the profit.

They didn't know that the reason why Liu Chang asked them to go to the township official was to establish the authority of the township officials. In the future, they had more things to rely on the township officials.

The matter was similar to what they imagined. Many people pledged the government bonds that were not worth a penny now and borrowed dozens of dollars from huddles to hundreds of dollars. Some people simply used the government bonds to upgrade their huddles. As a result, the Gao Gong also accepted them and asked them to get the bank to get the money off.

Therefore, this kind of public debt suddenly establishes its own value. It turned out that the public debt was intended to be dumped for the daughter of marriage. Now parents keep it for their sons as their daughter-in-law's capital, and there are also private transactions of public debts. At least one 100 taels of public debt can be exchanged for thirty or forty taels of silver from the private side, and some people even offer to 50 tons of silver.

After learning the details, Feng Sixian had already fought for the benefit of Huangtai and the two counties in Gaoliangcai: "We Huangtai and the two counties borrowed the most from the government bonds. Why is the amount so small? There are 2,700 huts in Linhai, and our Huangtai and the two counties in total only 6,000 huts, so add more?"

The Gao Zhifu told him: "The total amount of Taizhou Prefecture is only 15,000 yuan. If you take more, the amount of money you will get is less for the second time!"

"But I heard that the only four counties in Linhuang Taining are truly available, and the other three counties are not planning to open branches for the time being."

Although Liu Chang was planning to open the bank's outlets to every county town in the control area, in the short term, Yuhuan County on the sea and Xianju, which belongs to the mountainous areas, are not among the two counties. After all, the bank's manpower is limited and its business volume is relatively limited.

Therefore, Feng Sixian said with confidence: "Transfer their credit limit and give priority to our Huangtai counties. After all, our county has borrowed so much food!"

But when he heard Feng Sixian say this, Xi Na said, "Old Feng, you are confused!"

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