Chapter 157 Zhaoxin Treasury Bonds

After everyone visited, Emperor Yuan Yong immediately ordered people to summon Guo Si, a scholar of Wenhua Pavilion University, Xu Jingnian, a scholar of the Cabinet University, Li Qian, a secretary of the Ministry of Officials, Chen Ju, a secretary of the Ministry of Rites, Fu Chuan, a scholar of the Ministry of War, Wang Zhushan, a scholar of the Criminal Department, and Jiang An of the Ministry of Industry to discuss the matter.

While waiting, Feng Yanji, under the command of Emperor Yuanyong, took the article of the household department to Lu Jing.

Lu Jing read it carefully, and basically guessed the reason why Emperor Yuan Yong promoted himself, and what was written on the Hubu article was the new policy of the imperial court: the issuance of treasury bonds.

I didn't expect that the suggestions I put forward in the trial strategy theory would be adopted by the imperial court, but it took a little longer to implement the plan after a year.

The treasury bonds to be issued by the imperial court are called Zhaoxin Treasury Bonds, which are taken from the principle of 'Zhaoda believes in the people and keeps by Zhaoxin', and is guaranteed by land taxes, salt taxes, and commercial taxes.

The first batch of treasury bonds is planned to raise 50 million taels with an annual interest rate of 5 percent, with denominations of 100 taels, 500 taels, and 1,000 taels, with interest paid in the first 10 years, principal and interest in the next 10 years, and repaid in 20 years.

In the first ten years, 100,000 taels of interest were paid from the field tax every year, and a certain percentage of the salt tax and commercial tax were taken to repay the principal and interest in the second ten years.

The Ministry of Household Affairs is responsible for the issuance of treasury bonds, and a special Zhaoxin Bureau is set up, and sub-bureaus are set up in each province to be responsible for raising funds. Those who raise more than 100,000 taels of debts will be awarded by the provinces, and those who recruit more than 10,000 taels can be awarded false titles.

Lu Jing saw that the above rules and regulations were very detailed, and everything was extremely thoughtful, but after all, everyone in the household department was limited by the times, and there were still many fatal problems.

When Guo Si and others arrived, everyone moved to Yangxin, last year Guo Si and others knew about the national debt, and they had discussed it many times in the past few months, knowing the purpose of the emperor looking for them, so there was no need for Feng Yanji to say more, so they discussed how to implement it.

Fu Chuan, the secretary of the Ministry of War, suggested: "If you want to win the trust of the people, you need to set an example, and the minister suggested that the number of borrowings should be determined according to the rank of officials, the fat position, and the thickness of family resources, and then distribute them according to the official register, and then gradually reach the people!" ”

Feng Yanji glanced at Fu Chuan, aware of his sinister intentions, and retorted: "The position is barren and the family is thick, it is really difficult to know, if the number is determined according to the grade, I am afraid that it will be suppressed nearby, and it will be difficult to suffocate. ”

"Lord Feng's words are wrong, the ministers inside and outside the DPRK and the central government are all favored by the country, and at this time of difficulty, they should be familiar with the safety and danger, and the monks should be used to support the country." Fu Chuan said righteously, if the emperor dares to forcibly apportion, let the hundred officials subscribe, they can just take advantage of this to make trouble.

Emperor Yuan Yong said solemnly: "Okay, there is no need to argue about this matter, whether it is an official or a businessman, everyone is at their own convenience, not only that, in the process of issuing treasury bonds, whoever dares to forcibly apportion, borrow and extort, I will definitely punish him severely." ”

When Fu Chuan heard this, his expression froze, and he had to shut up and stop talking about it.

Jiang An, the secretary of the Ministry of Industry, asked Li Qian: "I don't know the question I raised last time, how did Master Li think, how to determine the grade of the officials in the Zhaoxin Bureau of each province, whether they are officials or officials, and who will fill the vacancy?" ”

Li Qian frowned when he heard this, this matter is indeed tricky, although the Zhaoxin Bureau is a subordinate agency of the Ministry of Households, it is a newly formed department, and it is still unknown how long it can exist.

After many discussions, they tentatively set the rank of the chief officials of the Zhaoxin Bureau in each province as the seventh grade, and the auxiliary officials as the eighth and ninth grades, but most of the people who have taken the scientific examination are self-proclaimed to be clear, and they are afraid that they do not want to fall into the turbid current and enter the department of the Zhaoxin Bureau, which has an uncertain future.

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Seeing that Jiang An had been entangled in this issue, Li Qian asked, "What is Master Jiang's opinion?" ”

Jiang An said in a deep voice: "It's better to release some official positions to be filled, so that you can kill two birds with one stone!" ”

Everyone present changed their faces when they heard the words, although Jiang An said it tactfully, but everyone heard the meaning of his words, since Qingliu was unwilling to go, it was better to sell these official positions, so that it could not only subsidize the treasury, but also solve the personnel arrangement.

Emperor Yuan Yong's eyes flashed, thinking about the pros and cons.

"This matter is not proper, I am afraid that it will affect the people!" Li Qian shook his head and said, after most donors take office, they will wantonly exploit the people and double the money they donate.

A look of hesitation flashed in Emperor Yuanyong's eyes, and then he looked at Lu Jing and asked, "You first raised this matter, what do you think?" ”

Lu Jing was a little speechless when he heard this, this matter was almost finalized, so he asked his opinion, and now he can only put forward some opinions on minor repairs.

However, Lu Jing has a negative opinion on the establishment of the Zhaoxin Bureau, relying on official institutions to issue treasury bonds, I am afraid that they will be regarded as an administrative order and forcibly apportioned, and the issuance of treasury bonds will eventually end in failure, and it will be difficult to issue them in the future.

"If you have any thoughts, even if you say it wrong, I won't blame it!" Emperor Yuanyong saw the embarrassment in Lu Jing's expression, so he explained.

After Lu Jing saluted Emperor Yuanyong, Feng Yanji and others, he said cautiously: "Back to the emperor, Weichen just has some superficial opinions, and when I say it, I ask the emperor and all the great people to make a reference!" ”

"The minister believes that the first issuance of treasury bonds should be based on building credibility, so the amount should not be too much, and the term should not be too long, and 20 years is the risk for the purchaser before repayment, and it cannot reflect the credibility of the imperial court."

"Second, the minister felt that those who were promised to buy treasury bonds would mortgage or sell the treasury bonds, and the imperial court could judge the people's evaluation and confidence in the treasury bonds according to the circulation of the treasury bonds, and allowing the free buying and selling of treasury bonds would increase the favor of the buyers, which would be more conducive to the issuance of the second treasury bonds."

"Third, the source of repayment of principal and interest should be detailed and clear, and a repayment treasury should be set up to be open and transparent to ensure that the principal and interest can be repaid and increase the confidence of buyers."

Speaking of this, Lu Jing hesitated for a moment and continued: "Wechen believes that the issuance of treasury bonds should be represented by a powerful and reputable money bank or ticket number, and the household department and the political department should be supervised, and the local government should not intervene too much, and the issuance of treasury bonds is a fair transaction, and too many rewards should not be set!" ”

Zhang Mingyi and Gao Jiayan were shocked after hearing this, and they shook their heads secretly, thinking that Lu Jing was too arrogant.

Pang Rentong's face was happy, and he stood quietly to watch how Lu Jing ended.

Xu Jingnian saw that Fu Chuan had the intention of opening his mouth, and hurriedly reprimanded: "Presumptuous, this matter is a strategy that Lord Feng and the whole household have worked hard to come up with, every detail is determined after careful consideration, and every step has a deep meaning, how can you veto it lightly, and don't retreat quickly!" ”

Lu Jing knew that Xu Jingnian had good intentions, so he saluted and returned to his original position.

Xu Jingnian watched Lu Jing retreat, and a trace of worry flashed in his eyes, Lu Jing's advance points would undoubtedly offend the household, especially the last point, which offended more people.

The reason why the Ministry of Household wants to set up the Zhaoxin Bureau and let the local government participate in it is that it wants to balance the interests and better issue treasury bonds, and if there is no local government participation, it will not be so easy to implement this matter smoothly.

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