935 Bank business
"Lao Quan! I'm stunned! β
Lao Ba smiled at Dr. Quan, who turned around.
"That's good, old man! I was able to get the bank up and running so quickly. β
Doctor Quan did not respond to Lao Ba's ridicule, but only sighed.
Lao Ba paused when he heard this, his expression immediately withered a little, and he couldn't help but shake his head and sigh:
"Alas, not to mention any banking business, if it weren't for the Governor's Mansion handing over the business of exchanging handling fee chips to us, it would be difficult for business to improve with the concept of these people."
"Chips to exchange for porterage? What is your bank doing with this business? β
"This is the bank flow, when these people come to exchange silver, our counter clerk will tell the customers, if you are not in a hurry to use the silver, you can store it here, give interest, and ...... safely."
"Well, that's true, how does it work?"
"The effect? Let me tell you this, apart from a few deposits from the Diao Company and Dutch merchants, and a few shops in the Loka tribe that recognize the silver tickets issued by us, on the whole, the citizens of Sin'an and Dili still like to hold cash in their hands...... Except, of course, for small amounts......"
Lao Ba's answer was very realistic, and then Dr. Quan nodded and responded, in fact, this is okay, take your time, anyway, this is a good start, by the way, how many people have finally deposited the silver in your bank?
Lao Ba glanced at Doctor Quan and responded, do you see the sign? It's not mine, this store belongs to me and Xiao Han, a few days ago, I talked about it, so Xiao Han agreed to the two banks to work together, did you see it? There's a counter inside...... Speaking of absorbing deposits, according to statistics, only less than one-third of the people are willing to take out part of the silver without chips, and agree that the silver is stored in the bank to generate interest, note that I am talking about the number of people, not the amount, speaking of which, Lao Ba shook his head helplessly, sighed and said, the locals still don't dare to deposit the silver, from the opening to the present, five days, only out of less than 10,000 taels of silver small silver bills.
I heard that you give interest regardless of the amount?
Dr. Quan asked.
That's right, but even with the reputation of our Australian Commonwealth, people's wariness is still very strong, and at the end of the day, it still takes time to build mutual trust......
At this time, Lao Ba suddenly remembered something, he pulled Dr. Quan aside and said, "Today I have met several Dutch businessmen, all of whom have quite a large business, including the representative of the National Bank of Amsterdam in the Netherlands in the East India Company, and between their words, they want to set up a bank in Xin'an City and all the ports of the Australian Federation......
Speaking of which, Lao Ba looked at Doctor Quan and whispered: What does this mean, do you always understand?
Dr. Quan was a little surprised when he heard this, and said, the Dutch also want to open a bank in Sin'an City? It's fast!
Do you think the Senate will agree? Lao Ba looked at Doctor Quan with blazing eyes, and the latter lowered his head and did not speak for a long time, and then asked Lao Ba:
"And will you let the Dutch in?"
Lao Ba smiled and replied: Of course we are willing, according to the principle of reciprocity, Australia and the Netherlands will open each other's ports and markets, now we only have two ports in the Nanyang region, Zixia Island and Xin'an City, and the Dutch have six large ports, and more than a dozen unnamed trade bases, these big ports include Batavia, Makassar, Palembang, Kupang, Ambon and Selam, the Dutch trade network covers the entire South Seas, if the Dutch accept our "reciprocal conditions", these areas will be open to us in the future, why not?
Remember we also have a port called MenadoβDr. Quan reminded.
"The Dutch won't go to that port at all, because there is no population, only a Han Chinese water village, and for the Dutch, where there is no population base, there is no business, so it is not worth going."
"Well, that's the business view of the Dutch, it's just ...... We have two ports, and there are so many ports for others, will the Dutch agree? β
Lao Ba looked at the bustling crowd at the entrance of the street with an indifferent face and responded:
"We have Australian goods, famous in the South Seas! How many ports do you always say? And I've heard that the Dutch are negotiating with the Kingdom of Delnath lately, and the Dutch want the Kingdom to allow the Dutch East India Company to set up a spice trading base in the port of Delnath, which is very close to Menado across the sea, and that we can do business with the Dutch in the future after we develop Menado.
According to the information I have obtained from my conversations with Dutch merchants, the Dutch intend to exchange the asphalt, teak, dyes, coconut oil, and rattan products that are abundant there for our industrial goods, which are in great need of our major companies! β
"Hehe, Dutch businessmen are really pervasive, this business is very shrewd!"
Doctor Quan sighed, and then Lao Ba said with a serious face:
"Doctor Quan, or that sentence, what do you think is the attitude of the Senate towards the entry of the Dutch? After all, the financial industry is the foundation of the country, according to the regulations of the Federal Reserve Board, we must report any major foreign cooperation projects to the Senate Financial Committee in advance, if the Financial Committee thinks that the trouble is serious, it will be submitted to the Senate plenary session for discussion and approval. β
Doctor Quan pondered for a moment and replied:
"Well...... I'm not a member of the financial committee, I'm a layman, but judging by common sense, as long as the Dutch bank abides by the rules and regulations of our Federal Reserve and obtains membership in the Federal Reserve, then it should be fine, right? β
"I think so too, but we will also give the ABN AMRO the right to issue Australian dollars, albeit only for a small percentage, but, after all, the Dutch bank is foreign, and I fear that there will be opposition in the Senate......"
Lao Ba looked at Dr. Quan with a worried face, but the latter waved his hand disapprerovantly and said, I don't think it's a problem, how much capital does the Dutchman's bank have? Can it be more than you? The end result is that our financial strength is such that the Dutchman's bank can only account for a small fraction of all the Fed's funds, and rest assured, we can't afford to make a big prodigal ......."
Speaking of which, Dr. Quan thought about it again and added:
"However, I think there will be people in the Senate who will ask for a limit on the investment of foreign banks, which is not entirely in line with our open door policy, but I think the Dutch will be more nervous, they will definitely be willing to set an investment limit, after all, they want to open the financial markets to you, right?"
"That's for sure, I'm just thinking that the Senate shouldn't set this limit, so it's good for us, so what, am I thinking too much?"
Lao Ba looked at the bustling crowd across the street and muttered to himself, and the doctor next to him immediately replied:
"That's right, you're always thinking too much, at least for now, the Senate will not agree to unlimited foreign investment, especially in the financial sector......"
The two were talking, there were a few calls behind them, the two turned around when they heard the sound, and found that it was Lao Wang's carriage parked behind the two, at this time the noses of the two horses were still spraying mist, and the butt of one of the horses also dropped a few horse feces on the street, it seems that Lao Wang had just returned from Dili City non-stop, and the coachman and horse looked a little dusty.
At this time, Lao Wang's face was serious, and he was a little anxious to let Lao Ba and Doctor Quan get into the car, and the two hurriedly leaned over, and heard Lao Wang's tone a little anxious and said:
"Hurry up and get in the car and go to the Governor's Palace, there's something big going on......"