"Miss Fan, we have heard of the national debt, but we have never seen it before. What is the national debt?" An official stood up and asked.

The term treasury bond was proposed by Chen Xu when the Huaxia Money Bank was split, but it has never been implemented for so many years. Therefore, civil and military officials probably know this new term, but almost everyone does not understand what treasury bonds are.

"Yes, please ask Mrs. Fan to explain the national debt so that we can't understand it?" Another official humbly asked for advice.

"Treasury bonds are actually a fixed-rate and timely certificate of deposit. They have clear professional uses and cannot be withdrawn at any time. For example, the term of the treasury bond this time is three years, and the money cannot be withdrawn from the bank within three years. In order to encourage the public to buy it enthusiastically, the deposit interest rate needs to be raised. The interest rate of the treasury bond this time is 5%. That is to say, the court issued these 500 million special treasury bonds. After three years, people holding the treasury bonds can go to the bank to exchange for physical coins, and the 5% interest paid must be borne by the court, which is equivalent to the court borrowing the 500 million yuan from the private sector with 5% interest..."

"So that's it!" After hearing Fan Caiying's explanation, all the civil and military officials nodded in understanding.

"Because this plan is huge and the amount of fundraising is huge, as the main financial force of Daqin, Huaxia Money Bank also has the unshirkable responsibility to provide support and guarantee for the various constructions of Daqin. Therefore, Huaxia Money Bank is willing to bear the issuance and raising of these 500 million treasury bonds for free, and the difference in private subscription will be supplemented by Huaxia Money Bank with its own funds to ensure that the project can be completed smoothly..."

"Miss Fan, do you still have any questions?" An official from the Finance Department stood up.

"Master Tian, ​​may I ask?" Fan Caiyingfu saluted. The officials of the Finance Department had the closest contact with the Huaxia Money House. Almost everyone knew each other from the third-rank office chief to the sixth-rank office chief, seventh-rank office chief. This Lord Tian was a very smart guy in the Finance Department.

"Huaxia Money Bank uses its own deposits as collateral to issue 500 million yuan in redemptions and then pays them to the contractor as project funds. The court has almost never paid any money. Does that mean that the investment of 500 million yuan is borne by the Huaxia Money Bank. As a commercial money bank, Huaxia Money Bank is not only unprofitable, but will lose these 500 million yuan. Isn't this a suspicious thing?"

After the officials of the Finance Department finished speaking, a buzzing and low voices soon sounded after a moment of silence in the court. The civil and military officials in the court were almost all extremely smart. They have also been exposed to a lot of new financial knowledge over the years. If you think about it, you can probably understand the truth.

"Mr. Tian is right, and there is another question?" Another official from the Ministry of Revenue stood up and bowed. "The second financing plan just now is to issue treasury bonds. The interest of this money must be paid by the court, but the issuance fee is definitely not expensive. Huaxia Money House is willing to bear the expenses and even make up the balance. This great thing is indeed worthy of my admiration. However, according to Mr. Tian, ​​in the one billion fundraising, Huaxia Money House not only has no profit, but also mortgaged silver and deposits for 500 million yuan, and then bears the issuance costs of the treasury bonds and even makes up the balance of the treasury bonds. All expenses and losses will definitely exceed 500 million yuan. Please ask Fan or the Marquis to explain how this would be done?"

Chen Xu was calm and prepared to stand up to explain, but Fan Caiying took the lead, but his face was a little sad: "The questions of the two adults were also the questions of the little women. When I asked the marquis why they did this, the marquis said that the court could not afford the 500 million yuan at present, so we can only pay the money in advance. When the court has money, we will pay it back when it comes to money..."

“Wow~”

"So it turns out to be like this..."

There was an uproar in the court, and all the civil and military officials looked at Chen Xu in surprise.

Amid the confusion and whispers of civil and military officials, Fan Caiying continued with red eyes: "According to the Marquis' idea, the four billion investments were all raised by issuing treasury bonds, but if the first phase of the three phases is broken down, it will not only delay the completion of the treasury bonds, but even if all the funds are raised, it will take almost all the funds circulated by private parties. My Daqin is currently short of money. The consequence of this is that other industries and people's livelihood development will be dragged down. Therefore, the woman persuaded the Marquis to use half of the additional issuance of invoices and half of them to raise them..."

"Mr. Tian is in charge of the Finance Department, and should know the income and expenditure of the imperial court's finances and the circulation of private funds. The Shaofu is responsible for the issuance of coins. Therefore, the Shaofu Order also knows that what the little woman said is correct. If it is entirely relied on issuing national debts, it will definitely not promote the full implementation of the Marquis' plan. But if this plan is successful, the economy of our Daqin will develop rapidly again and will continue to flourish in the next ten or twenty years. Therefore, the Marquis said that it would be resolved by issuing a portion of the redemption of the imperial court. Even the 500 million redemptions will never be redeemed in the short term, so it can only be obtained by using a workaround. Although the Huaxia Money House is a commercial money house, it was also founded by the Marquis. The purpose of the Huaxia Money House is also to serve the prosperity and development of the Qin Dynasty, not purely for profit. Therefore, the Marquis is willing to bear the pressure of repayment of this fund..."

"Your Majesty!" Fan Caiying knelt down and bowed.

"This memorial was actually not left by the Marquis in the woman's room, but hidden by the woman, and she made some modifications without authorization..."

"Wow~~" There was another even more violent commotion in the court, and the screams came one after another. Not only Meng Yi and Feng Quji couldn't help but look at each other, but Chen Xu suddenly stood up.

He never expected that Fan Caiying had taken this memorial secretly, so she must have planned to come to the court today.

A lowly concubine dared to revise the court memorial, which could no longer be described as bold. This was a crime of rebellion.

"Why do you do this?" Chen Xu asked in a cold voice.

"Mr. Marquis forgive me. After I finished speaking, I beg for my own death to apologize!" Fan Caiying kowtowed to Chen Xu again, then raised a charming face that made all men move and look at him, and spoke with a slightly sad look. "Mr. Marquis, as the left prime minister, has devoted all his words and deeds to the court and the people's livelihood, and has never asked for any reward. However, I am in charge of the Huaxia Money House for the Marquis, but I cannot watch the Marquis put the money he earned into the project that should have been spent by the court. Marquis can be selfless, but the woman cannot do it. Therefore, if the court cannot return these investments, the criminal woman hopes that His Majesty will give the Huaxia Money House enough reward!"

"Fan Caiying, what are you talking about? I secretly keep the memorial, modify the content, trespassing the court, and deceive the emperor, this is a death sentence..." Chen Xu was furious.

"Prince is at ease!" Chen Xu was interrupted by the First Emperor before he finished speaking. Instead of a trace of anger on his face, he sat high on the dragon throne and looked down at Fan Caiying kneeling on the ground. "Since I ascended the throne and became king, there have only been three women in this court. The first one is the Baqing clan, the second one is my Princess Qingning, and the third one is you!"

"Ba Qing family donated a huge sum of money to help me build the Northwest Pass city to resist the Xiongnu and Donghu, and also offered me tens of thousands of kilograms of mercury to build the mausoleum, but they died shortly after returning to Ba County. I remembered his merits and built Huaiqingtai on the side of the river in Ba County to show its glory. Princess Qingning stepped forward because of Zhao Zhe's disaster, and proved that Zhao Gao and his son had made rebellious achievements. Today you went to the court privately, concealed the Grand Master's memorial and revised it without authorization, but don't worry, I will not blame you, I am just curious, why do you dare to be so bold? If you say it well, I will protect you, and the Grand Master will not punish you even if you return home!"

"Thank you, your majesty!" Fan Caiying kowtowed in an instant, crying like a pear blossom in the rain, "Your Majesty doesn't know. Since the Marquis began to imagine this unprecedented plan, he has been unable to eat or sleep every day for more than a month. Every day, he locked himself in the study and sorted out the manuscript and copied the memorials until late at night. The woman was a concubine, but also respected her and felt sorry for her. She didn't expect that the Marquis's efforts to be able to raise enough funds because she could not raise enough money.

Jin Ran was in vain. It is said that the Marquis was a disciple of the immortal family. However, the woman served the Marquis every day, but she knew that the Marquis was also a mundane person. She stayed up late and worked hard to sleep and was getting thinner and thinner. However, the woman and several Marquis were helpless. The woman thought she knew some money and financial skills, and occasionally she could help the Marquis to come up with ideas. Therefore, she had read this memorial in detail. She was inspired by the Marquis' benevolence and righteousness that did not care about rewards, but also felt sorry for this kind of heart of giving up money..."

"Under the marquis's support and the care and support of His Majesty and all the people in the court, Huaxia Money House has indeed developed well. It has earned countless money in recent years, but the marquis and Huaxia Money House have countless efforts and expenses. If all the 500 million yuan is paid by Huaxia Money House, it will be fine, but this will greatly damage the vitality of Huaxia Money House. Moreover, this is only the first phase of the project. The next second phase raises more than one billion yuan, and the third phase of the funds will be nearly two billion. The court may still not be able to support it by issuing treasury bonds alone. In the end, it may also need to issue additional redemptions again. The sinner does not know whether Huaxia Money House can support such large advance funds and expenses..."

"If the Chinese money house cannot accept these redeems, it will not only affect the reputation of the court, but also lead to the collapse of private finance and unrest..."

"Your Majesty, the criminal woman could not bear to see the bankruptcy of the Huaxia Money Bank that the Marquis had worked hard to build, and she was even more reluctant to let the Marquis work hard but still had to bear such a great pressure and price. Therefore, the woman hid her memorial and went to the court in hopes that his Majesty would be sympathetic to my Marquis and give the Huaxia Money Bank enough compensation in return..."

Fan Caiying's slightly sob sound echoed in the court, and all the civil and military officials in the court were stunned. The First Emperor sat high on the dragon chaise and listened carefully. Although his face was still calm, he was obviously restless.

"It turns out that Zuo Prime Minister planned to ask the Huaxia Money Bank to advance 500 million yuan to promote the start of the first phase of the project..." In the quiet court, an official from the Finance Department murmured.

"We just said disrespectful words, so please do not blame Mrs. Fan!" The official surnamed Tian bowed to Fan Caiying, who was kneeling on the ground with a shame.

"Your Majesty, what Madam Fan said just now is reasonable. The annual income of the Shaofu and the Finance Department is only one billion yuan, which is indeed unable to support the issuance of 1 billion national debts. The issuance of additional invoices is the best way, but the issuance of additional invoices will indeed put great pressure on the Huaxia Money Bank. On the premise that the imperial court cannot return it in the short term, I feel that the imperial court should give the Huaxia Money Bank enough support and compensation!" Shaofu ordered Zhao Wei to stand up and said.
Chapter completed!