The first lord of the poor family

Chapter 488 Banknote Plan
Yuhuashi trusts Lin Hai quite a lot.

Brother Lin said that the land tax can be abolished. I believe he must have thought of a better way.

The imperial court will not reduce its income because of this!

“The imperial court’s main income in the future will come from commercial taxes, foreign trade, issuing banknotes, offshore fishing and mining of minerals.

These can earn a lot of tax revenue, which can completely offset the field tax.

Our Great Xia Dynasty has a small land and a small population, so we must increase the population as quickly as possible.

Otherwise, after defeating the enemy country, there will not be so many people to rule them! Lin Hai said seriously.

Yuhuashi raised his eyebrows: "I know a little bit about commercial tax, and I've heard you talk about foreign trade as well.

The harvest from catching fish in the sea is also quite good, and you can earn a lot of money a year.

But what is the banknote you are talking about? "

"A silver note is a substitute for silver! Use the denomination of the paper instead of silver.

For example, some denominations are one tael of silver, some are 100 taels, and some are 1000 taels and 1 taels.

Banks issue banknotes, which can be used for transactions.

You can also take the banknote to a bank and exchange it for cash.

It is very convenient to carry..."

Lin Hai gave them a rough explanation of what a banknote looked like.

"Both silver and copper coins are very inconvenient to carry. Key silver, copper and gold production are already very scarce.

If you can use a banknote of a certain denomination instead, it will not only be convenient to carry, but also be considered as a situation where the extra money is not enough.

Moreover, two very far away places can use banknotes to exchange cash, which also eliminates the trouble of transporting money. "

“I have never thought of this method, it is indeed very convenient.

But things made of paper are not very safe after all.

Once it can be exchanged at will, what should we do if someone forges counterfeit banknotes? "Yuhuashi asked.

"I have already thought about this. First of all, the paper produced must be special.

People can tell whether it is a real bank note based on the texture and feel of the paper.

Anti-counterfeiting technology must be done well.

The reason why I issued lottery tickets was to test the security of paper.

Nowadays, the paper produced in our workshop is difficult for outsiders to copy.

So far, no fake lottery tickets have been received.

This already shows that anti-counterfeiting technology is sufficient.

If we continue to upgrade and transform in the future, it will become even more difficult for outsiders to imitate.

Of course, there will be a more secret secret mark on the banknote, which only your own people will know!
This kind of security can be improved again! " Lin Hai explained to everyone.

This situation never occurred to me.

Yuhuashi sighed and said: "If your idea can really succeed, it will be a great thing for business people."

"It makes sense, especially those businessmen who go to far away places to do business.

Carrying gold and silver is not only dangerous, but also extremely inconvenient.

When you need a lot of money, you must find an escort to escort you all the way.

This is expensive and takes a lot of time!

If you can exchange your banknotes for cash in other places, I believe these merchants will definitely use it! "

Xian'er said.

"The cost of transporting silver over long distances is not low. In some cases, the loss can reach [-]% to [-]%.

This is a huge expense for business people.

The bank charges according to the distance and only charges [-]% or [-]% of the fee. I believe the merchants will definitely be willing to bear it.

This is one of the main ways for banks to make money.

Of course the biggest benefit can be solving the shortage of gold and silver.

I exchanged the banknotes for money, except staying at the bank to exchange them for cash.

You can use part of it as court expenses.

For example, building roads, dredging ditches, and doing things that are beneficial to the people..."

Lin Hai explained the benefits of the bank, and everyone was amazed.You can use silver notes to exchange for the gold and silver in the hands of the people, and then invest it yourself.

This is indeed a very profitable business.

Of course, if you want to earn this money, the biggest difficulty is to prevent counterfeiting.

Once the banknote can be counterfeited and circulated.

You can quickly empty the bank in a very short period of time, causing a credibility crisis for the entire Daxia.

The people felt the panic and tried their best to cash in, but even the court could not support it.

Of course, as long as it can be managed well, the better the economy in Daxia, the more money it will make.

The most important thing is that Daxia needs to be strong enough so that even the small surrounding countries can circulate banknotes.

Exchanging silver notes for their money and purchasing goods.

It costs next to nothing.

This is the greatest power of finance.

After Lin Hai explained it to them, they were all shocked.

I didn’t expect Lin Hai to have such a method. In this way, he can gather the wealth of the world for my use.

“This would be amazing, if we really build a bank and let banknotes circulate throughout Daxia.

Then wouldn’t you become the richest person in Daxia? "

Xian'er was extremely amazed at this moment.

"What do I use this money for? It's mainly for the imperial court.

Our Daxia wants to become stronger.

The people must become rich first.

If you want to make people rich, you must first build roads and then exempt them from taxes.

A powerful ocean-going fleet must also be built.

As long as these three points are done well, people will not worry about their lives.

When the people have money and live a prosperous life, the population can increase.

Only with enough population and Daxia's army can it become stronger.

If any of the small countries in the world are not convinced, they will be destroyed directly! Lin Hai said proudly.

Defeating the Turks and Tibet is the first step to dominating the world.

"Brother Lin really has great ambitions. Let me help him. Let's dominate the world together!"

Yuhuashi raised his wine glass and said.

The two looked at each other, smiled, and drank their glasses in one gulp.

"If you have that much money, I'm afraid it will cost tens of millions or even tens of millions of taels.

Can this much money really be spent? "

Princess Chenxi was also stunned at this moment.

I just made a rough calculation and came up with an incredible number.

Although she especially likes to make money, so much money makes her feel a little scared.

After money reaches a certain amount, it is not only not a good thing but also brings disaster.

"Don't worry, there are plenty of places to spend money in Daxia. Especially if I want to build a railway, even tens of millions of taels may not be enough." Lin Hai said seriously.

"Ah? What kind of railway is it?"

"A railway is naturally a road built with rails. Steam engines are used as power to build steel trucks.

Such a vehicle can transport tens of millions of kilograms of goods at a time.

Very convenient for transporting minerals and coal.

And shipping is cheap and never has to stop.

By then, the people of Daxia will be able to use very cheap coal.

In winter, even in the north, you can eat fresh vegetables..."

Lin Hai explained to them the planning of the train and the benefits of spending a lot of money to build a train.

Everyone who listened was even more stunned.

I simply can’t understand that there are such powerful cars in the world!
(End of this chapter)