Chapter 725: Where does the wealth come from

Mo Yun naturally did not know the true meaning of liberation.

She simply understood it as a literal meaning—to liberate the people in other

states and cities who were still oppressed by the wealthy families or

warlords.

Mo Yun is satisfied with this allegorical name. Coupled with the situation

that Xia Fan outlined the Jiefang, flooding the streets and alleys, it made

her feel more emotional. Now that Ning Wanjun has woken up, the burden on her

shoulders has been relieved, and she can finally devote herself to the design

of the mechanism again, almost not wanting to waste every quarter of an hour.

As a result, she waved Xia Fan out of the Bureau of Mechanical Engineering,

and immediately began research on large-scale production.

Seeing the back of the other party hurriedly leaving, Xia Fan suddenly had an

inexplicable sentence in his mind-a man would only affect my efficiency in

studying technology.

In the evening, Xia Fan took Li Gong, the chief of the finance department, to

the villa. When the latter walked into the guest hall of the villa, he found

that besides His Royal Highness Ning, there were two other people sitting in

the room. They are a male and a female, with obvious alien characteristics. Li

Duojin immediately guessed that the other party was the benefactor Xia Fan had

brought back from the West Pole. The man is an attendant, and the woman is

Princess Twilight of Natantin.

He solemnly bowed to the woman before sitting down opposite Xia Fan.

For Li Duojin, the new situation of Jinxia has become more and more obvious

now-for example, in the past, only the princess would sit in the first place

alone, but now she would pull Xia Fan to the side and form a tie for the first

place. The kid might not have noticed this mind, but he would definitely not

miss it. In the eyes of Grandpa Li, he was very pleased. He regarded Ning

Wanjun like a half-daughter. Although he knew that his status was

inconsistent, this kind of mood had been formed for a long time. He originally

thought that the princess wanted to avenge his mother, and would not look at

other people at all. He didn't expect that the other party would have a day of

enlightenment.

"Now that everyone is here, I'll talk about what I'm going to talk about

tonight." Xia Fan said with a relaxed expression, "I plan to test the issuance

of banknotes in Jinxia to replace the existing silver payment system."

After dealing with Master Xia for so long, Li Duojin has long been surprised

by his new words, "Does this bill... refer to the receipt of the bank?"

Few people have heard of this stuff, let alone use it, but Grandpa Li is one

of the few.

Due to the inconvenience of transportation of large amounts of silver and

silver, several big banks in Xu state united and issued some bank receipts.

Merchants held these receipts and could exchange them for the same amount of

money at the banks in Shangyuan City. When he was preparing funds for the

rebellion for Ning Wanjun, he turned part of the money into receipts. First,

it was convenient to store, and second, if they failed and fled to another

country, receipts were easier to cash than jewelry.

But its shortcomings are also obvious. That is to prevent forgery, Xu Guo

Qianzhuang will change the receipt every six months, and the holder needs to

change it on time, otherwise it will easily cause disputes. Although the old

receipt can be used to get the money back after passing the identity

verification, unless the person is in Xu, the time spent in the middle is

usually measured in months.

The second is the issue of credibility. Not all receipts issued by everyone

can be exchanged for money—the Nanxi Bank, led by Xu Guo, existed during the

Yong Dynasty, and the reputation accumulated over a hundred years can make

other merchants willing to exchange it. The big merchants in Shangyuan City

have not tried. However, without exception, they all ended in failure.

"No, it needs to be more direct." Xia Fan replied, "The banknotes are not only

circulated between banks, but also between merchants and the people. In short,

people can directly buy rice noodles with banknotes. Clothes and other daily

necessities. Didn’t Jinxia have issued seafood rolls and food stamps for the

bureau before, and banknotes are equivalent to a collection of them, which are

more versatile and almost all-encompassing.”

Father Li took a breath.

This is the right of coinage.

It's just replacing minted copper coins with banknotes.

He definitely agreed with Jinxia coin minting with 10,000 hands. As the future

monarch, Ning Wanjun naturally has the privilege of coining coins, but with

paper money, the situation is very different...The cost of this thing is

extremely low, and the speed of money is absolutely first-class. But the risks

are also terrible! Let alone whether people want to recognize it or not, paper

has no value. In case there is a risk of distribution, the people find that

the money in their hands becomes waste paper, which will damage Jinxia's

future!

"Why did you suddenly want to do this?" Ning Wanjun couldn't help but be a

little curious, "If someone else came to mention it, I would definitely think

he wanted to take the opportunity to make money."

"Because Jinxia City needs money." Xia Fanyan said concisely.

"Master Xia, our warehouse still has a surplus." Grandpa Li coughed twice,

"and this year's revenue and expenditure should be able to sustain."

In other words, there is a surplus.

Xia Fan has also learned about the financial situation of the Bureau. The

opening of the school and the expansion of the Bureau of Mechanical

Engineering have almost sucked a lot of funds. The profit is Fang's logistics

share, port trade tax, real estate income and salt tax. In order to ensure the

stability of salt prices, the salt tax is not too much, but there is a

tendency to be caught up by real estate income. As for the other two items,

they are just a drop in the bucket.

If it weren't for the silver supplied by Equestria on time, and the additional

purchases of weapons, Jinxia would have gone bankrupt. But the problem is that

several schools have been built, but they are all located in the capital. It

is still a dream to spread all over Shenzhou. Not to mention the statewide

road infrastructure, more government agencies and animal factories, medical

and health systems, and a larger scale of education and popularization.

In fact, precious metal currencies have become the threshold for Jinxia's

rapid expansion.

"Jinxia will need a lot of money in the next 20 years. This sum may be more

than all the silver produced by Liuzhou Domestic." Xia Fan stated, "In order

to avoid the market shrinkage caused by insufficient circulating funds, we

must advance. Make arrangements to encourage the further development of the

market, and at the same time give the bureau more room for display. Since

silver mines and copper mines cannot be digged so fast, paper money is the

only choice. UU看书www.uukanshu.com"

Father Li took a breath.

Jinxia needs more silver than the six countries combined? What is this

concept?

That can include the accumulation of countless aristocratic families and

princes and nobles for thousands of years!

Is he really sure that the land of Her Royal Highness can produce so many

goods?

Ning Wanjun smiled, "It seems that you have already planned to do this.

Grandpa Li, is there any difficulty in this matter?"

Not asking if it is feasible, but asking what is difficult, it proves that the

princess has agreed to this decision.

Li Gonggong scratched his head. "There are many difficulties. The first is to

make the people willing to use it. If it is not handled well, it may even

affect the prestige of His Royal Highness. The second is anti-counterfeiting,

in case it is used by people with ulterior motives. I’m afraid I’ll be

nervous. In addition, how much paper money is issued and how much is used, and

how to control its flow are all major problems." In a sense, receipts have all

the shortcomings, and the side effects are greater. More than a hundred times,

"In short, Master Xia must be cautious."