Physician of the Song Dynasty: Zhang Kai and Li Qingzhao have a private life-long contract

"Of course it's not just lending to a certain person. Weichen plans to expand the Green Crop Law, no longer limited to farmers, and lend money to any people in the Song Dynasty who need money. No matter who they are, as long as they have collateral, they can loan seven percent of the value of the collateral. Money for becoming a young man." Fan Zheng said solemnly.

"Seventy percent of the value of the collateral." Baiguan nodded slightly.

In this way, even if the other party has no money to repay Qingmiao, the collateral alone will be enough to offset the debt.

Fan Zheng explained: "Yes, for example, the real estate in Kaifeng City is worth 3,000 guan. If the head of the household comes to the bank with the title deed, he can mortgage 2,100 guan. After the principal and interest are returned at maturity, the Royal Bank will The land deed must be returned and the contract terminated. Of course, properties, factories and mines can also be used, and even bank dead deposit certificates and treasury bonds can be mortgaged for loans, but still only 70% of their value can be loaned."

"This is indeed a sure profit!"

Fan Chunchuan was excited. If all Wan Wan Guan was borrowed, he could theoretically collect tens of millions of Guan in interest.

Many officials in the imperial court were very excited. The imperial government issued tens of millions of treasury bonds and was worried about the principal and interest. Now the Royal Bank uses the green seedling method to earn interest of tens of millions of guan.

Zhang Dun couldn't help but feel bitter. He thought back to the time when Wang Anshi's political reforms forced people to borrow money from young crops in order to promote the Green Crops Law.

Now that Fan Zheng is reforming the Qingmiao Law, the people will benefit from depositing the Qingmiao Law, and the merchants will benefit from borrowing the Qingmiao Law, and it can also raise a large amount of money for the court. All parties are satisfied and make money easily!

Comparing the two, it can be said that they are superior to each other.

How could Fan Zheng not know what the officials were thinking? He immediately shook his head and said: "Of course it is impossible to loan out all of these tens of millions of deposits. At least a quarter, that is, 25% of the cash must be left as private gold and silver circulation. .”

"That's a full 7.5 million yuan in interest." Fan Chun said sourly.

"Of course, young crops can't all be high interest rates. After all, the Royal Bank is related to the reputation of the government, so it naturally has to contribute to the country. Now the imperial court is opening up the Maritime Silk Road. The Royal Bank can provide services to shipyards and other maritime trade-related companies. merchants, providing low-interest loans of 6%." Fan Zhengdao.

"Six centimeters!"

The officials nodded slightly. In this way, the Royal Bank could not only make a profit, but also help the government.

"If local governments need money urgently and cannot collect taxes in a short period of time, they can also borrow money from the Royal Bank. The annual interest rate is still 6%, and they only need to collect taxes and repay it. Of course, Fan can give local governments a discount , that means the government can waive the mortgage." Fan Zheng said.

Lu Dafang's face darkened. Fan Zheng was so bold that he decided to target the government.

However, Lu Dafang could not object. After all, everyone needs money urgently, and the government is probably no exception. When they need money urgently and need to do things, they may have to turn to the Royal Bank, which has sufficient cash.

Despite the advantages of six percent interest and no mortgage, all the ministers still looked unhappy.

Fan Zheng then tried to smooth things over and said: "Of course Fan is not interested in money. For students from poor families who are above the Fanzhou School, the Royal Bank can provide them with interest-free youth money, so that they can study with peace of mind and serve the imperial court in the future." , it’s never too late.”

The faces of all the officials in the court softened a little. They were all civil servants who had obtained their honors. Naturally, they knew how many poor students were struggling to make ends meet and were unable to go to school. If the Royal Bank could provide interest-free youth money to allow them to study with peace of mind, it would be A great achievement.

"After calculating this, it is a reasonable amount for the Royal Bank to earn six million pounds a year, and then deduct the two million dollars of private interest. There should be a profit of four million dollars, and of course this does not count the flying money. income." Fan Zheng said with regret.

Seeing Fan Zheng's proud look, all the officials in the court suddenly became furious.

"The Royal Bank was formed by the merger of the three major institutions of the imperial court. The profits of the Royal Bank need to be handed over to the Accounts Department." Fan Chunchun couldn't care about the uncle-nephew relationship at the moment. Faced with interests of more than 4 million yuan, he did not hesitate to fight for the Accounts Department. .

All the officials in the dynasty agreed.

"Everything is handed over to the Ministry of Accounts. This is killing the goose to lay eggs. In my opinion, at most 30% of the profits will be handed over to the Ministry of Accounts. The Royal Bank also needs funds. Use the money to make money, so that you can make more money for the court in the future." Fan Zheng retorted.

"At least 80% of the profits are made. The Royal Bank has a large amount of young people's money deposited by the public, so there is no shortage of money at all."

"The Royal Bank needs a large amount of money to store. It needs to build a bank and hire bodyguards to guard and escort the money. Why is it not short of money? At most 40% of the profits will be handed over."

"At least 50-50!"

"make a deal!"

Soon, the uncle and nephew reached their respective psychological prices and reached a tacit agreement.

For the imperial court, it can earn more than 2 million guan in profits every year. Not only can it easily bear the interest on tens of millions of guan of national debt, it can even issue more treasury bonds.

For Royal Bank, being able to preserve half of its income is enough to resist the risks of bad debts and runs, and it can go further in the future.

All the officials are also happy to see this, and naturally everyone is happy to have an extra two million yuan in income. As for the profits retained by the Royal Bank, the scale will be expanded in the future, and the money earned will still be half of that of the imperial court, with Fan Zheng's touch. With the ability to turn gold into gold, more and more profits will be handed over to the court in the future.

Zhao Xu couldn't help but feel excited when he saw this. The emergence of the Royal Bank allowed the court to control tens of millions of wealth. Although it was not the court's money, and the court would have to pay interest on the money in the future, it was enough so that the court would not be stretched thin when it needed money.

When news of the Royal Bank's support for maritime trade reached the public, people were even more excited!

“Loans related to sea trade only require an annual interest rate of 6%!”

When the Royal Bank's support for maritime trade was published in the Di Di newspaper, thousands of people cheered.

Before the Song Dynasty, loan usury was as high as nine in and thirteen out, and beheading interest was everywhere, and even double the interest was everywhere. Even Wang Anshi's reform money, which he considered to be the conscience of the Song Dynasty, was young money. The interest rate is also as high as four points.

Now that the Song Dynasty is reforming again, everyone is overjoyed with the one cent annual interest rate for young crops, but they did not expect that maritime trade loans can be as low as six cents.

Suddenly, maritime merchants were shocked.

The huge profits of the Maritime Silk Road and the Royal Bank's support for maritime merchants immediately stimulated more businessmen to invest in the Maritime Silk Road, and the Maritime Silk Road became popular again.

As popular as sea trade is land trading, for which Royal Bank has a completely opposite attitude.

The Royal Bank clearly stipulates that young crop money cannot be used to purchase land. Once discovered, the principal will be withdrawn in advance and a fine will be imposed, which will immediately stop some opportunistic people.

With its strong strength, the Royal Bank can make one industry prosper or suppress another industry simply by using young people's money, which is more effective than imperial decrees.

"Perhaps, this is the purpose of Qingmiao Fafanzheng!" Zhang Dun said with emotion.

Fan Zheng is in charge of millions of dollars of wealth, and the officials in the court naturally pay special attention to every move of the Royal Bank, especially the New Party, which pays close attention to Fan Zheng's every move.

The Qingmiao method is Wang Anshi's favorite work, and it is one of the concepts that the people do not add wealth but the country makes full use of it.