Chapter 347 Financial Work Report (4)
Zhang Yuming said: "I can understand the government's compulsion, but how can we rely on policies to guide the people to use paper money? Is it stipulated that the use of paper money can be discounted for purchases?"
Jia Zhenzhao said with a smile: "Of course this is not possible, firstly, this is disrupting the market price, and secondly, it is impossible for us to force other companies to accept paper money discounts." Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½ā
Zhang Yuming said: "So the policy guidance, how to do it, has the Ministry of Finance considered it?"
Jia Zhenzhao said: "Of course I have thought about it, I just said that the construction of currency is to be able to buy things in the market, if you can't buy things, let alone use silver, even gold as currency." Although we cannot provide sufficient quantity and variety of commodities to the Tianjin market, we can still provide basic daily necessities, such as grain, salt, cloth, etc., so we can stipulate that these commodities must be purchased with paper money, and paper money must be exchanged for silver dollars and silver taels in banks, as long as the people can ensure that the exchanged paper money can buy grain, it will be fine, and at the same time, we can also use this to recycle paper money and form the circulation of paper money. In addition, the products produced by our factories can also be purchased with paper money, and the government's tax revenue can be delivered with paper money, so that the credit of paper money can be established under such policy guidance. ā
Zhang Yuming said again: "The salaries of the veterans are all paper money, so are the salaries of the soldiers of the People's Army and the employees of our factories also paid paper money?"
Jia Zhenzhao shook his head and said: "Not yet, the soldiers of the People's Army, the employees of our factories are the basis of our rule, and they must not mess around, so before the credit of the banknotes is established, their wages are still paid in silver dollars." ā
Zhang Yuming said: "Isn't this a bit too much to say, since we want to establish the credibility of paper money, then let those who depend on us use paper money, can't it play an exemplary role? Since it is the People's Army, it should be loyal enough to us, if the People's Army does not even have such trust in our regime, can it still be counted on?"
Jia Zhenzhao said: "Trust is two-sided, it is precisely because the People's Army has enough loyalty to our regime that we should work harder and more carefully to consolidate and strengthen this loyalty, and we cannot destroy it at will, otherwise our previous efforts will all be in vain, so it is not appropriate to use paper money to pay them wages before the credit of paper money is established." But this does not mean that the issuance of paper money is not promoted among the People's Army and workers, they also have to exchange paper money to buy food, salt, cloth and other goods, in addition, the soldiers of the People's Army are three meals, and the factories are basically lunch, and some factories will also include dinner, which gives us the opportunity to promote paper money among them, and in the future we can issue them paper money in the form of meal coupons, so that they can use paper money to buy food in the canteen, and even mark the price of various dishes, so that soldiers, Employees buy their own combinations, and the saved banknotes can be kept for themselves and used to buy other goods. In short, as long as we can provide goods, we can use paper money as much as possible. This will not only promote the circulation of paper money, but also build confidence in paper money among soldiers and workers, so that after a few months, they will spontaneously become accustomed to using paper money, which is much better than if we forced them to pay their salaries. ā
Zhang Yuming nodded and said, "I understand, thank you Minister Jia for your explanation." ā
Gu Ruipeng also spoke: "There are still many foreign banks in Tianjin, and after the establishment of our bank, we will definitely have to compete with them, and our bank's reserve is only 500,000 taels of silver, even if the value is doubled to 1 million yuan after the issuance of silver coins and banknotes, but the financial strength is obviously still insufficient compared with foreign banks, has the Ministry of Finance considered the competition of foreign banks?"
Jia Zhenzhao nodded and said, " I also said realistically that if our banks want to compete with these foreign banks at the same level, it will certainly be difficult to compete with these banks, after all, our starting point, our funds are not as good as these foreign banks, but we also have our advantages, one is that we are the central bank, and we have the right to issue currency, which cannot be compared with any foreign bank; the second is policy support, which goes back to what I just said, a government must support its own key enterprises, and policy support is divided into two aspects, using laws and regulations, tax rates to restrict the development of the other party, and there is to pull business for key enterprises in our country, and we can do both of these things, such as all our veterans can only deposit money in our bank, our enterprises, factories can only open accounts in our bank and so on. Only then will we be able to defeat these foreign banks. ā
After Jia Zhenzhao finished answering Gu Ruipeng's question, he said: "The content of this financial work report is all over, do you still have any questions?"
After a while, seeing that no one asked any more questions, Jia Zhenzhao turned to the rostrum and said, "Ladies and gentlemen, the work report of our Ministry of Finance and the financial work arrangements and suggestions for the next stage are over. A vote may be taken. ā
Xia Bohai nodded and said, "If everyone has no problems, you can vote." ā
Now there are a total of 18 departments in the group, plus five permanent executive members, a total of 23 people, now Wang Yunpeng is not there, so there are only 22 people, the result of voting, with 15 votes in favor, 3 abstentions, 4 votes against the absolute majority of votes passed the work report of the Ministry of Finance, but also recognized their financial work arrangements for the next stage.
The three members of the Ministry of Finance were also very happy, not only because the proposal of the Ministry of Finance had been approved, but also because in this way, the scope of authority of the Ministry of Finance would be greatly expanded. And now that there is a budget, it is not so easy to get money from the Ministry of Finance, and that department will dare not look at the face of the Ministry of Finance in the future.
At this time, Xia Bohai said: "The report and suggestions of the Ministry of Finance just now are very pertinent, which shows that the comrades of the Ministry of Finance have put a lot of effort into it, and they have also put forward good suggestions for our development, and here we would like to express our gratitude to the comrades of the Ministry of Finance." As we all know, this year is an excessive year, we can only be regarded as a provisional government now, and a new leadership team will be formally produced after a year, but this does not mean that this year is not important, on the contrary, if we want to have a place in the new leadership group after a year, this year's performance is critical, so in this year, we must not only do a good job in the work at hand, but also accumulate administrative management experience, be good at summarizing and thinking, this is the attitude of work. ā
After a pause, Xia Bohai said: "The report and recommendations of the financial department have passed, but I still have a few points to emphasize, first, that is, among the suggestions of the financial department, there are some suggestions that need to be further deepened, such as the need for government support, but what kind of support is needed, what are the pros and cons, I hope to be able to say it in more detail, and then we will discuss it; We all know that the Beijing Campaign is the focus of the current campaign, and before the Beijing campaign, we must do our best to maintain stability in Tianjin, and although there are many problems in the current system, we can still maintain it for a period of time; third, our current financial situation is not optimistic, and we need to open up sources of income, which are those projects with small investment but quick returns, and this requires everyone to pool their wisdom and think of a way, and whoever has a good idea can put it forward for discussion. That's all I have to say, if you have anything else to say. ā
At this time, Qin Zheng said: "Regarding the development of sources of income, I have a suggestion, Beijing itself is a huge treasure mine, we occupied Tianjin, obtained more than 6 million taels of cash silver and more than 1 million taels of silver worth of national currencies, a Tianjin is still so, and Beijing is the capital of the Qing court, far from Tianjin comparable, according to historical records, after the Eight-Nation Coalition Army invaded Beijing, a total of about 80 million taels of silver were plundered, which is still not counting cultural relics, The art of art, such a rich resource is waiting for us in front of us. ā
After Qin Zheng's words were finished, there was a sudden burst of discussion in the conference room, but this time the voice of the discussion was obviously much more excited, what is the concept of 80 million taels of silver? If the traverser really harvested 80 million taels of silver, then all the financial difficulties could be easily solved, and he could do whatever he wanted.
Jia Zhenzhao was a little unconvinced, and said, "Is there really such money?"
Qin Zheng said: "There is no way to count how much wealth the Eight-Nation Alliance has plundered in China, but this amount is definitely not small, far greater than Tianjin. According to the records of [Qing Barnyard Yarn], the Empress Dowager Cixi had about 15 million pounds of 'private savings' before the Sino-Japanese War, and during the Gengzi National Revolution, the Empress Dowager Cixi fled from Beijing, and most of these 'private savings' were buried under the Forbidden City, and the [Xinchou Treaty] After the signing, the Empress Dowager Cixi returned to Beijing, and found that part of the money she had hidden had been stolen, but the remaining value was nearly 9 million pounds, in this era, the exchange rate between the pound and silver was 1:6.1, 9 million pounds equivalent to 54 million silver, of course, a large part of it should be antiques, jade, probably including the famous jade watermelon, in addition to the palace, Beijing also has a large number of palaces, official mansions, The minister's mansion and the wealthy merchants, each with a large amount of money and goods, were plundered by the Eight-Nation Alliance, so the accumulation must be a very large number. ā
In fact, Qin Zheng didn't know that the Eight-Nation Alliance had plundered a lot of wealth in Beijing, but the travelers had no plan to attack Beijing before, and Qin Zheng didn't know that the financial situation of the crossing group was tight, so he didn't expect it, and now he naturally remembered that Beijing not only has huge political value, but also contains rich resources.