Yuan Qi actually wants to issue banknotes? And it is the nationwide issuance of banknotes in the Qing Dynasty! Daoguang was a little incredulous for a while, he really didn't expect Yuan Qi to have such great ambitions, once the banknotes issued by Yuan Qi circulated throughout the country, Yuan Qi would be equivalent to choking the neck of the imperial court, and when the time came, I was afraid that even he, the son of the Qing Dynasty, would have to see Yuan Qi's face!

What is banknote? To put it bluntly, it is paper, the former Ming court also issued banknotes - Daming treasure banknotes, and finally depreciated into waste paper, but in the end it was the imperial court that made money, Yuanqi issued banknotes, once depreciated, it was Yuanqi who made money, and it was the imperial court that carried the black pot and cleaned up the mess!

This is obviously impossible, Daoguang secretly thought in his heart, even if he wants to issue banknotes, it must be the imperial court, it can't be Yuan Qi! However, what made him wonder was that Yi Zhishu was familiar with finance and economics, and it was impossible not to know the pros and cons of Yuanqi's issuance of banknotes, why did he bring it up? What about the issuance of paper money by England and Citigroup? What is the relationship with indefinite treasury bonds?

Yi Zhizhi is just taking this opportunity to test Daoguang's reaction to the issuance of banknotes, Daoguang predicts that there may be frequent disasters in the future, and it will be difficult for the imperial court to deal with them, so he feels that this is a rare opportunity, maybe it may be possible to impress Daoguang, if Yuan Qi can issue banknotes in the Qing Dynasty, it will be easier to implement paper money in a number of vassal states. Pen % fun % Pavilion www.biquge.info

On the other hand, first issuing banknotes in the vassal state, and then implementing it in the Qing Dynasty, this is not ordinarily difficult, and it takes a long time, he can't afford to wait now, so he wants to try to lobby when he takes the opportunity, but when he says it, he is still a little uneasy in his heart.

There was silence in the warm pavilion for a while, and then Daoguang spoke: "What's going on with the Bank of England, tell me in detail." ”

Hearing this, Yi Zhizu secretly breathed a sigh of relief, and hurriedly cheered up and said: "If you want to talk about the Bank of England, you have to say the British royal family, and the relationship between the two is closely related.

Before the establishment of the Bank of England, because of the war, the British crown needed a large amount of military spending, so it tried to borrow money from wealthy merchants and gentry, printed a large number of bonds and sold them directly to the gentry and merchants, promised to pay interest, and allowed merchants to use such fiscal vouchers to pay taxes.

The duration of these loans was very short, and the British royal family could not afford to pay interest until the end of the war, and after several non-fulfillment of interest payment promises, the gentry and merchants were no longer willing to pay for fiscal vouchers, so that the British royal family fell into a situation of exhaustion.

It was in this context that more than 1,000 gentry and merchants in England raised millions of pounds to form the Bank of England and raised funds from the community, which were then lent to the British crown at an interest rate of eight cents a year.

In fact, the Bank of England is an intermediary between the British gentry and businessmen and the common people and the British royal family, a credit intermediary, in the past, the British royal family borrowed money from private individuals, it was a separate agreement, a rule is not transparent, and the royal family is easy to violate the rules and not fulfill its promises.

With the Bank of England, it is equivalent to the British royal family doing business with the Bank ........of England, officially signing a contract, and restraining each other in business. ”

Hearing this, Daoguang has become very interested, and now the Qing Dynasty is facing such an embarrassing situation, to issue treasury bonds, and with the help of Yuanqi, the imperial court itself issues treasury bonds, I am afraid that no one is willing to buy it at all, and the fear is that the imperial court does not fulfill its promises, whether it is a gentry or a businessman, they are not willing to have debt dealings with the imperial court, not to mention them, even ordinary officials.

Seeing that Yi Zhizhi was moving his knees, he raised his hand and said, "Sit." After Yi Zhizhi sat down, he asked: "How do the Bank of England and the British royal family restrain each other?" And why not be afraid that the royal family will not fulfill its promises? ”

"The so-called mutual restraint refers to the amount of banknotes issued and the credit aspect." "The Bank of England has long raised funds to lend to the British Crown, and in return, the British Crown grants the Bank of England the right to issue banknotes.

Although it has the right to issue banknotes, the Bank of England cannot print and issue banknotes at will, and must issue banknotes according to the amount of the British royal family's indefinite national debt and the total capital of the Bank of England itself, which is based on maintaining the credit of banknotes, and neither the British royal family nor the Bank of England wants to see the depreciation of banknotes and the collapse of credit. ”

After a pause, he continued: "The British royal family's borrowing from the Bank of England and the issuance of indefinite government bonds are all secured by the country's tax revenues, as for that, why not be afraid that the royal family will not fulfill its promises?" The reason is simple, the Bank of England does not want the British royal family to repay the loan at all, only the royal family needs to repay the interest every year. ”

Although Daoguang didn't understand it, he finally understood that the Bank of England could not issue pounds as he wanted, and the number of pounds issued was approved according to the British royal family's issuance of indefinite treasury bonds and its own total capital, which means that the pound has extremely high credit, will not depreciate at will, and will not be like the phenomenon of Daming treasure banknotes.

After a slight hesitation, he said: "What does Guocheng mean, Yuanqi's banknotes will also be issued according to the amount of indefinite treasury bonds issued by the imperial court and Yuanqi's own total capital?" But is it supervised by the imperial court? ”

"The Emperor Mingjian." Yi Zhishu hurriedly said: "Maintaining the credit of the banknote is the common responsibility of the imperial court and Yuanqi, once the credit of the banknote collapses, the biggest victim is the imperial court and Yuanqi." ”

Daoguang said with some confusion: "The credit of the paper money collapsed, the biggest victim should be the imperial court, and Yuan Qi should be the beneficiary, right?" ”

"For banks, credibility is paramount." Yi Zhizu said in a deep voice: "Once the credit of Yuanqi's banknotes collapses, Yuanqi will go out of business, which Yuanqi cannot tolerate!" In addition, the credit collapse of Yuanqi banknotes has no benefit to Yuanqi, and the issued banknotes can be exchanged for cash at any time at various semicolons of Yuanqi Bank.

If there is a credit crisis, it will inevitably suffer a run! Once it encounters a large-scale run, Yuanqi will inevitably go out of business, and for its own considerations, Yuanqi will not tolerate any measures that damage the credit of Yuanqi's banknotes.

For the imperial court, it is the same, the credit of Yuanqi banknotes collapses, the credit of the imperial court will also collapse, and the loss will not be small. ”

After a little hesitation, Daoguang said: "In other words, if Yuanqi issues banknotes, Yuanqi is equivalent to the official bank of the imperial court?" ”

"Yuanqi fulfills the duties of an official bank, but it cannot be an official bank." Yi Zhishu explained: "Yuanqi itself plays the role of a credit intermediary, and if it becomes an official bank, Yuanqi's credit will be questioned!" Therefore, Yuanqi must be a private bank, so as to ensure the fairness and safety of the transaction as a party with different interests from the imperial court, in order to have a good credit! ”

This is not unreasonable, Daoguang Deng did not have the idea of turning Yuanqi into an official bank, I have to say, this proposal made him a little moved, allowing Yuanqi to issue banknotes, for the imperial court, it means having a strong financing and lending bank, no longer have to worry about silver, indefinite treasury bonds - this is not to repay the principal, only to pay interest, if you can issue indefinite treasury bonds in large amounts, all the troubles can be solved!

Thinking of this, he asked casually: "How many indefinite treasury bonds can the imperial court issue?" ”

"This has to be determined according to the income of the imperial court." Yi Zhicontent said without thinking: "The indefinite treasury bonds need to be pledged by the imperial court with tax revenues, and the imperial court can issue as much interest as it can, and with the current situation of the imperial court, another thirty or fifty million will be issued, which is more than enough." ”

Daoguang was overjoyed when he heard this, and then he was worried, and he said with a slight sigh: "The amount of treasury bonds issued by the imperial court is getting bigger and bigger, and the interest that needs to be paid is also increasing...... Drink poison to quench thirst? ”

Yi Zhizhi smiled contentedly, "If the imperial court authorizes Yuan Qi to issue paper money, the amount of indefinite treasury bonds issued by the imperial court must also be reviewed and approved by Yuan Qi, for the sake of the imperial court, for the sake of Yuan Qi itself, it will definitely not let the imperial court have a financial crisis, and furthermore, with the rise of industrial development, the imperial court's annual income is no longer fixed, but will increase year by year, and there will definitely be no drinking water to quench thirst." ”

This is also, Daoguang nodded slightly, since the development of Yuanqi, it has added millions of taels of silver to the imperial court every year, with the construction of the railway, the development of local industries, the annual income of the imperial court is no longer the same quota as before, but will gradually increase, the reason why he connived at Yuanqi at the beginning, is not because he saw the possibility of increasing taxes from the development of Yuanqi?

Although he was very moved, but the matter of granting Yuan Qi to issue banknotes was too big, he did not dare to make a rash decision, this matter had to be carefully negotiated with a group of ministers, thinking of this, he ordered: "Kneel down, go back to Yuanqi to issue banknotes, and prepare a detailed fold." ”

Is this to trigger a court discussion? Yi Zhixiang was overjoyed in his heart, and hurriedly got up and saluted: "Weichen Honor!" ”

Coming out of the Qianqing Palace, easy to be content, brisk, full of joy, if Yuan Qi can get the authorization of the imperial court to issue banknotes, it must be twice the result with half the effort, than sneaky far, the most important thing is time, so that a lot of time can be saved, Yuan Qi can quickly launch paper money in Guangdong, Jiangsu, Zhejiang and Zhili Jingshi, it will be able to circulate in all provinces of the country in less than a year, it seems that you have to bring a letter back to Guangzhou, and instructed Wei Sanwei to expand the scale of the printing house.

In addition, several bigwigs who have dealings with Jingshi also have to visit and lobby, this is not a trivial matter, it is best to be able to lobby them to support it, if there is a big controversy, this matter may be put on hold again.

Out of the palace, Yi Zhixiang did not return home, but went out of the inner city and went straight to the big fence on the west side of the front door, and the place where Jin Ling made an appointment with him was a theater - Qingyuan.

Yi Zhishu doesn't like to watch dramas, the reason is very simple, he can't understand it, and it's boring to watch, but he knows that there are a lot of Jingshi theaters, and there are many people who love to watch dramas, and there are many theater fans, that is, there are many people in the clan Jueluo who can be called old theater fans, old drama bones, not only love to watch, but also love to sing, this is because of the lack of entertainment and pastime.

There are a lot of Jingshi theaters, but they are all distributed in the outer city, most of the slightly famous theaters are concentrated in the Dashilar area, although most of the banner people love to watch the theater, but there is no theater in the inner city, this is because the inner city is not allowed to open the theater, from the time of Kangxi, the Qing emperors of all generations have repeatedly decreed that they are not allowed to open the theater in the inner city.

Dashilar is the most prosperous and lively street in the outer city of Beijing, saying that it is a street, in fact, it is not long, but it is 300 meters long, and the width is quite reluctant, however, on this street that is only 300 meters long, there are eight large theaters, and it is not possible to think about it.

Yi Zhizhi is in a good mood, got off the carriage at the intersection of Coal Market Street and Dashilar, strolled all the way, felt the prosperity and liveliness of Dashilar, speaking of which, he has not been so leisurely shopping for a long time, it is inconvenient in Shanghai, and there is nothing to visit in a small county town in Shanghai, not to mention Dinghai, Guangzhou can be visited, but there are many things, and there is no time at all.

Looking all the way to the east and west, at the gate of Qingyuan, Fuqing, who had been waiting outside the door, hurriedly greeted him, and said with a smile on his face: "The lord is here, Jin Gongzi is in the official seat on the second floor, please come with the little one." ”

This Fuqing is Jin Ling's subordinate, Yi Zhicontent is recognized, he has dealt with in Guangzhou, and the first time he met Jin Ling, it was this slave who caused the trouble, and immediately didn't say much, and followed him into the gate.

The seats in the theater are divided into official seats, pool seats, and scattered seats, and the official seats are in the corridor on the second floor, and there are three or four official seats in each side of the corridor - in fact, it is an isolated box, which is the best seat in the theater, and it is easy to be content to enter the box, Jin Ling only glanced back at him and said: "Brother Guocheng is here, watch the play first." ”

But Zaitong, who was sitting in a row with her dressed as a man, suddenly saw Yi Zhicontentment appear in front of him, happy and panicked, hesitated, and then got up with a crimson face and arched his hand: "I've seen Brother Guocheng." ”

Seeing that she was shy, Yi Zhizhi smiled, "Didn't disturb you to watch the show?" ”

Zaitong didn't know if the other party already knew her identity, she didn't stand or sit, and she didn't know what to say.

Seeing this situation, Yi Zhishu hurriedly pointed to the stage and said, "Watch the play, watch the play." As he spoke, he turned around and retreated from Fuqing, moved a chair next to Zaitong and put it down, and then said softly after sitting down: "Don't think about it, I asked Jinling to come out." ”

Hearing this, even the roots of her ears turned red when Zai Tongdeng, it turned out that the other party had already known her identity, thinking of going to the post station to see the other party before, she was ashamed and wanted to leave here quickly, but Yi Zhizhi continued to ask: "Like to watch the show?" ”

Zaitong nodded, and quickly shook his head, but Jin Ling couldn't see it, and relieved her: "Don't let people watch the show?" ”

"What's so good about the play, those sons are in trouble, the title of the gold list, and the fake marriage of the flower candle in the cave room, is it very good-looking?" Yi Zhizhi said disdainfully: "Today's people are in front, why do you need to look at the ancients?" (To be continued.) )