bookbashuk Page 1454
Page 1454
"Does the King intend to deposit the national treasury's money into your bank?"
"The imperial court's expenditures are enormous, and it may draw upon the national treasury's funds at any time."
"How can I deposit it into your bank account?"
"And there's no precedent for this, is there?"
"Rest assured, strategist."
Zhao Yuan laughed.
"I don't need that much money,"
"Strategist, think about it," he said, "the national treasury currently has tens of millions of strings of cash."
"We certainly won't use them all at once."
"You can earn interest by depositing your money in my bank account,"
"It also allows me to make a profit by lending it out."
"Merchants can expand their businesses once they borrow money,"
"Then the imperial court can collect more taxes. It's a win-win situation."
Xu Guanzhong thought for a moment,
It seems that this is indeed the case.
"How much money does Your Majesty require from the national treasury?"
Zhao Yuan laughed and said, "Let's start with one million strings of cash, and then we'll talk about the rest after we've lent it out."
Xu Guanzhong knew about the interest rates of the Royal Bank long ago.
After calculating,
One million strings of cash earns three thousand strings of cash in interest per month.
Not bad either.
Anyway, the national treasury has a lot of money tied up.
"Your Majesty, you should consult Jiang Jing about this matter."
"He is the Minister of Revenue."
"It's up to him to decide this."
……
After one million strings of cash were transported to the bank,
The loan business of the money exchange was able to continue.
However, things did not turn out as Zhao Yuan had hoped.
He needed to go to Jiang Jing again to solicit deposits.
Because there were several large depositors.
Because of several large pawnshop owners in the city
After seeing the money being transported out of the palace
They then realized that the money in the bank was not enough for them to borrow all of it.
They immediately stopped.
Of course, they didn't dare to repay the money immediately.
Chapter 1756 Making Money
That was clearly playing the Royal Bank game.
They don't have the guts yet.
The only thing they could do was obediently bring the money to their own home.
Prepare another sum of interest.
Return it when the time comes.
Then, tragically, they discovered that many customers came to redeem their pawned items.
Then take the pawned items to the Royal Bank for safekeeping.
Because the Royal Bank offered low interest rates.
Moreover, the value of the collateral was reasonable.
You can borrow 70 strings of cash for 100 strings of goods.
In pawnshops, items worth 100 strings of cash are often only appraised at 20 or 30 strings, or even less.
Fortunately, the Royal Bank only accepted property deeds, land deeds, and gold and silver jewelry.
Pawnshops, on the other hand, accept anything of value.
They even accepted maids and livestock.
So they haven't lost all their customers yet.
However, what they lost were their most valuable customers.
Because house deeds and land deeds are the major items.
The families who ran the pawnshops received large sums of money to redeem their pawned items.
There's also a large sum of cash that was just loaned out.
He was immediately on the verge of tears.
Because they don't need that much cash.
After careful consideration, it became clear that simply holding cash wouldn't generate more money.
It would be better to deposit it in the Royal Bank to earn interest.
At least it can offset some of the loan interest.
Then, the families sadly deposited their money back into the Royal Bank.
Earning three cents in interest,
At the same time, one percent interest must be paid.
It's equivalent to lending money at high interest rates.
Then deposit it at a low interest rate.
One in and one out,
The interest is seven qian per month.
They paid the price for their impulsiveness.
With money deposited by several large investors,
In addition, the one million strings of cash stored by the imperial court,
The Royal Bank's coffers were not emptied again.
At the end of Shen Shi (3-5 PM),
The money exchange closed down and ceased operations.
After Ren Jinnu compiled the information,
He carried the account book and reported to the third floor.
Zhao Yuan looked at Ren Jinnu, who was beaming with excitement.
"Has it been compiled?"
Ren Jinnu placed the account book in front of Zhao Yuan.
"Your Majesty, the deposit is 1.8 million strings of cash,"
"A loan of two million one hundred thousand strings of cash,"
"The specific figures are here."
Zhao Yuan glanced at the numbers.
They then turned their attention to Ren Jinnu.
"So, are you excited?"
Ren Jinnu's eyes gleamed with golden light.
"Two million one hundred thousand strings of cash can bring in twenty-one thousand strings of cash in a month,"
"A deposit of 1.8 million strings of cash requires a monthly payment of 5,400 strings of cash,"
"That means you can make a net profit of 15,600 guan per month."
"This is just one day's business,"
"I don't know how much I can earn in a month, it's too much."
Zhao Yuan looked at Ren Jinnu, who was completely absorbed in her fantasies about money.
He couldn't help but laugh and said,
"It should decrease significantly tomorrow."
Upon hearing this, Ren Jinnu
He was stunned for a moment, then said,
"That's true, but we can speed up the pace of opening branch offices,"
"Anyway, they're already teaching students,"
"We can open branch offices in eastern Hebei and various prefectures and cities in the capital region,"
"At that time, huge sums of money will flow into the royal palace."
Zhao Yuan stroked it for a while,
Seeing that Ren Jinnu had no reaction,
Then he lost interest.
He stood up and said, "Let's go back to the palace."
Ren Jinnu picked up the account book,
Hold him tight like a miser.
Then he followed Zhao Yuan outside.
Zhao Yuan went downstairs.
After waiting for a while,
Ren Jinnu locked the account book and came out.
"Walk back or take a carriage?"
Ren Jinnu glanced at the Liang robe she was wearing.
Her snow-white thighs appeared and disappeared intermittently.
Walking onto the street,
I'm afraid I'll be surrounded by onlookers.
"By horse-drawn carriage."
Zhao Yuan heard that Ren Jinnu wanted to ride in a carriage,
Suddenly, he became interested again and nodded.
"Okay, I'll ride with you in the carriage."