New Shun 1730

The group of people present, whom Liu Yu regarded as Dashun's future hope, did not think so much at this time.

Subjectively, they will neither care about the future of China nor the impact of Nanyang on the future. Of course, they will not care about the so-called overseas markets and the forces that can change the world induced from the outside.

Subjectively, I don't care.

They only care about money. How much money can be earned.

They actually have no idea how much annual interest they can get from investing in Nanyang trade.

At this time, Liu Yu was drinking tea there seemingly calmly. These people were also familiar with Liu Yu and were not taboo. People at the table started discussing.

Liu Yu calculated the rate of return these people could accept based on the income from the land.

These people did not think much about land issues.

Because Dashun does make money by hoarding land.

but……

The fragmented economic foundation within Dashun makes it difficult to hoard land.

The land annexation problem in the Jiangnan area has not been resolved, but once the land exceeds 200 to 300 acres, it will be difficult to buy land from those who own 200 to 300 acres of land.

Basically people won't sell it.

As for the few small farmers, they do go bankrupt and sometimes have to sell their land due to lack of money.

However, their lands are not connected together. This house sells for three cents, that house sells for five cents, small and small.

It is not impossible to hoard land, but a small piece of land in the east and a small piece in the west are troublesome to manage. I just want to talk about whether I can buy so much money of land at once with so much money in hand?

If not, the silver itself is dead.

The owners of large tracts of land, farms, etc. are not short of money. When the rate of return on land is so high, and when the owners of large landowners and farms are not in danger of bankruptcy, it is difficult to buy them. Got it.

This is like holding 10,000 taels of silver. In theory, if you buy all the land, you can earn 4,000 taels with an annual return rate of 40%.

However, in reality, the land may only be sold for 3,000 taels of silver for these 1,000 taels of silver. The remaining 7,000 taels are just that the theoretical return rate is higher for buying land.

Due to the contradiction between theory and reality, they were not ready to offer a return rate of at least 20% as Liu Yu feared.

Lin Yunwen even discussed another issue with people at the table.

"Nowadays, the imperial court has more and more money for disaster relief every year. If the imperial court has money, it can spend more on disaster relief."

"In addition, shipping is now prosperous. Ships come and go from Liaodong to Guangdong. If we take the Heishui Ocean, we will arrive within a month."

"Even if there is a natural disaster, rice from Japan, wheat from Liaodong, and rice from Siam can all be transshipped. In recent years, the price of rice has been very stable, and even in some places the price of rice has become lower due to the entry of Nanyang rice. In addition, natural disasters The imperial court provided rice for disaster relief, but it was difficult for ordinary people to sell their land unless they had no choice.”

"In addition, it is not easy to buy land here. Most of the land has been connected by roads and is out of our reach. What is left is just small plots, and they don't have much flavor."

"If the imperial court makes money from Nanyang in the future, I think if there is a disaster, there will be more people in various places. This must be considered."

What he was talking about was exactly some of the realities in southern Dashun.

Nanyang is a rice-producing area, and the price of rice is still very cheap.

As the population increased, the imperial court adopted a tax-free policy for rice.

In addition, customs management in Songjiang and other places has become increasingly strict, and although there are cases of extortion and extortion, they are much less common than before.

The low cost of shipping and the advancement of navigation technology finally gave Dashun the ability to "move the food from the west of the river to the east of the river when it is deserted".

Although disaster relief in Dashun is basically 10 taels allocated from the top, after layers of corruption and embezzlement, only one tael actually reaches the hands of the hungry people.

but.

In inland areas, transportation is inconvenient; in coastal areas, Dashun shipping is gradually improving. This resulted in the same situation where one tael was left for the same ten taels of silver, but in inland areas one had to buy high-priced rice; in coastal areas, one could buy cheap Siamese rice and Liaodong wheat.

In the same way, only one tael of silver is left after being embezzled and embezzled, and the disaster relief effect is far less.

Moreover, because of Dashun's special "learning from history", especially his deep memory of events in the late Ming Dynasty, Dashun was still somewhat willing to spend money on disaster relief.

There have been no major disasters in the past few years. Since the major disaster that affected Japan and eastern China when Liu Yu went to Japan to "provide help in times of need", there has not been a large-scale famine in Dashun.

It was basically a good few years, and with the rise of overseas trade, some people began to plant cash crops. After selling the cash crops, they used the money to buy Siamese rice and Liaodong wheat.

Even if it is limited to economically developed areas, once this situation occurs, it is irreversible.

In addition, those provinces that implemented shipping rice also saved a lot of corvee labor in transporting rice. People are not afraid of taxes, but they are afraid of labor. Taxes can cause bankruptcy at most, but labor can bankrupt everything.

Generally speaking, the progress of Dashun's navigation skills, the reality of the rise of maritime transport, and the imminent comprehensive control of Nanyang seem to have allowed many problems to be temporarily suppressed.

In addition to these problems, there is a more special situation, that is, there is also excess capital in Songjiang and other places.

Whether it's loan sharking, opening a pawn shop, buying land, etc., it's actually already saturated.

It’s not that they don’t make money, but those who are able to lend money, open pawn shops, or buy land have already done so, and there is not much room for expansion.

It is similar to the Dutch East India Company. Everyone knows that if you can invest in the Dutch East India Company and get an annual interest rate of 18%, it will be very good. But the problem is, you have no chance to squeeze in.

The large amount of abundant capital in Songjiang Mansion is also in such a subtle state of excess.

To say that these people in Songjiang are an emerging class does not mean that they only appeared in the Dashun era.

Before Dashun, there were many such wealthy merchants and smuggling traders.

But at the end of the Ming Dynasty, even the pirate king Zheng Zhilong's way of thinking was still "recruitment, buying land, hoarding land, returning home in rich clothes, descendants studying in the Imperial Academy, and the clan prospering."

But in recent years, with the rise of various joint-stock companies, with the high profits of trade with Japan, and with the Dashun court actually showing a seemingly unreasonable attitude towards businessmen.

These people, whose identities were similar to those of the wealthy businessmen of the previous dynasty, gradually changed their way of thinking.

They also buy land.

But usually it is just to buy an area of ​​1,800 acres and use it as a foundation for future generations if the investment fails.

The remaining money is to find some investment directions as much as possible to earn business dividends.

People are still the same group of people, but as the economic foundation gradually changes, people's way of thinking also gradually changes. Just like the Netherlands two hundred years ago and the United Kingdom one hundred and fifty years ago, there was a similar stage where behavioral inertia was slowly changing.

Coupled with a large amount of capital accumulation, there is not much room for expansion in high-return companies such as land hoarding and loan sharking, so these people's expectations for Nanyang's dividend return rate are not as high as Liu Yu worried.

They gradually realized that money is money when it moves. If it doesn't move, it will just be a pile of silver sitting in a warehouse or cellar. It will not decrease, but it will not increase either.

This kind of awareness is the process of gradually seeing the money in your hands as capital.

The silver is still the same silver.

When it moves, it becomes capital in the hands of bourgeois; when it doesn't move, it becomes a pile of silver in the cellar of a landlord's house.

After a discussion among the people, someone said: "The rate of return mentioned by Marquis Jing naturally deducts the expenses required for garrisoning and anti-smuggling."

"It's just a question of whether we should spend the money on the garrison. Although this matter is worthy of discussion. But if the rate of return has already been deducted, for us, it can only be worth talking about, and there is no practical reason. "

"In this case, it's nothing more than us lending money to other countries. It has nothing to do with us as to what the people who borrowed the money do for. As long as we can recover the interest on time?"

Many of these people are shareholders of trading companies with Japan, and they have some understanding of the responsibilities and internal rights of such joint-stock companies.

Of course they know that this is not the same thing as lending money to others. If they invest in stocks, they should have the right to know and make decisions.

However, they also realized that Nanyang was different from Japan.

This also involves the army, fleet, government, taxation, monopoly, rule and so on.

Logically speaking, after spending money, one should have decision-making power. Considering Dashun’s two thousand years of centralization inertia, they subconsciously felt that it was pure nonsense. How could it be possible?

How dare you think so?

In this way, their understanding of Nanyang Trading's share capital raising is more like the "treasury bonds" issued by Dashun.

By discussing along this line of thinking, they actually understood this problem as another problem.

That is: if national bonds are issued in Songjiang Prefecture, how much interest will the court pay and are they willing to accept?

With Liu Yu's reputation added over the years, and since the imperial court has not cut off the flesh and blood in the past few years, this is a purely economic consideration.

At what interest rate can these emerging classes in Dashun Songjiang Prefecture allow Dashun to borrow their country's national debt?

After a discussion, everyone came up with a number that was basically consistent.

"15%".

For this, these businessmen also have their own "reasons".

Someone said: "In the past, Wang Jinggong practiced the method of young crops and received 20% interest. In some places, it can be called good governance."

"Of course, this 20% interest is not one year's interest."

"Apply for a summer grain loan before the 30th of the first lunar month. It must be repaid before the 30th of the fifth lunar month."

"Although ordinary farmers only need loans during lean times, it doesn't make much difference whether they pay back in May or in the first month. Anyway, they can only repay by selling grain."

"But, if you really think about it, if you borrow money in the first month and repay it in May, the interest will be 20%. Calculated on a yearly basis, that's 45% interest, right?"

"If you say 45% interest per year, you can call it good governance and benevolent governance. Based on this calculation, the 15% interest we charge is really not high."

"The imperial court has a decree that the interest rate on loans is capped at three points of interest. It is not an exaggeration for us to reduce it by half."

"If it's less, it won't taste like anything."

According to their misunderstanding, the special joint-stock company controlled by the state and the military power was distorted into the understanding of national debt.

They feel that the 15% annual interest rate can be regarded as enough to give the court and the whales enough face.

This amount is acceptable to most people.

If the imperial court really wants to go to Nanyang, it will definitely need a large amount of money. For a large amount, if it can really guarantee an interest of 15% per year, it can be regarded as the bottom line they can accept given the current environment and situation.