"Fan Niangzi, I have also heard of national debts, but we have never seen them, what are national debts?" An official stood up and asked.

The term treasury has been proposed by Chen Xu since the beginning of the split of Huaxia Qianzhuang, but it has never been implemented for so many years, so the civil and military officials probably know this new word, but almost everyone does not understand what the treasury is.

"Yes, please also ask Fan Niangzi to explain the national debt, so that I don't understand?" Another official humbly asked for advice.

For example, the term of the treasury bonds is three years, and the money cannot be withdrawn from the bank within three years, and in order to encourage the people to actively buy, it is necessary to increase the deposit interest rate, and the interest rate of the treasury bonds is tentatively set at 5 percent, that is to say, the imperial court issues the 500 million special treasury bonds, and after three years, the people who hold the treasury bonds can go to the money bank to exchange physical coins, and the five percent interest paid needs to be borne by the imperial court. It is equivalent to the imperial court borrowing these 500 million money from the private sector with 5% interest......"

"I see!" After listening to Fan Caiying's explanation, all the civil and military officials nodded knowingly.

"Because of the huge scale of this plan and the huge amount of fundraising, as the main financial force of Daqin, Huaxia Qianzhuang also has an unshirkable responsibility to provide support and guarantee for the construction of Daqin, so Huaxia Qianzhuang is willing to undertake the issuance and raising of 500 million treasury bonds free of charge, and the difference in private subscription will also be made up by Huaxia Qianzhuang with its own funds to ensure that this project can be successfully completed......

"Fan Niangzi, do you still have questions?" A Treasury official stepped forward.

"Lord Tian, may I ask?" Fan Cai Yingfu was dressed in a salute, and the officials of the Finance Department had the closest contact with Huaxia Qianzhuang, and almost all the officials from the Sanpin Department to the sixth, seventh and eighth grades knew each other, and this Tian Daren was a very shrewd guy from the Finance Bureau.

"Huaxia Qianzhuang used its own deposits as collateral to issue 500 million bills and then paid to the contractor as project money, and the court almost did not pay a single penny, does that mean that the investment of 500 million yuan is borne by Huaxia Qianzhuang, as a commercial bank, Huaxia Qianzhuang is not only unprofitable, but will lose the 500 million money, isn't this suspicious?"

After the officials of the Finance Department finished speaking, there was a moment of silence in the court, and soon there was a buzzing whisper, this Manchu Dynasty civil and military almost all of them are extremely smart people, and they have also come into contact with a lot of new financial knowledge over the years, and they can probably understand the truth when they think about it.

"Lord Tian is right, do you have another question?" Another household official stood up and gave his hand, "The second financing plan is to issue treasury bonds, the interest on this money will indeed be paid by the imperial court, but the issuance cost will be expensive, and Huaxia Qian Zhuang is also willing to bear this cost and even make up the balance, this righteousness is indeed worthy of the admiration of the official, but according to Tian Daren's statement, in the one billion fundraising, Huaxia Qian Zhuang not only has no interests, but also mortgages silver and deposits for 500 million bills, and then bears the cost of issuing treasury bonds and even makes up the balance of treasury bonds. All the expenses and losses add up to definitely more than 500 million yuan, and please explain how Fan Niangzi or Hou Ye can do this? ”

Chen Xu's face was calm and ready to stand up and explain, but Fan Caiying took the first step to speak, but her face was a little inexplicably sad: "The question of the two adults was also the question of the little woman, when I asked Hou Ye why he did this, Hou Ye said that the imperial court can't take out the 500 million money at the moment, so it can only be paid in advance by our Huaxia Money Village, and when the imperial court has money, it will be repaid when ......."

"Wow~"

"That's how it ......"

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

In the incomprehension and earnest whispers of the civil and military officials, Fan Caiying's eyes were red and continued: "Originally, according to Hou Ye's idea, the four billion investments were all raised by the issuance of treasury bonds, but if the three phases were decomposed and the first billion scale was to be raised, not only would it take a year or two to complete, but even if all the funds in private circulation would be evacuated, I Daqin would be short of money at the moment, and the consequence of this would be that other industries and the development of people's livelihood would be dragged down. Therefore, the woman persuaded Hou Ye to raise ...... by issuing half of the additional bills and half of the treasury bonds."

"Lord Tian is in charge of the Finance Bureau, he should know the income and expenditure of the imperial court's finances and the circulation of private funds, and the Shaofu is responsible for the issuance of coins, so the Shaofu Order also knows that what the little woman said is correct, if it is all dependent on the issuance of treasury bonds, it will definitely not be able to promote the full implementation of Hou Ye's plan. But if this plan is successful, then the economy of my Daqin will develop by leaps and bounds again, and it will be prosperous for the next ten or twenty years, so Hou Ye said that it will be solved by issuing an additional part of the bills, and even the 500 million bills will not be able to be redeemed by the imperial court in the short term, so it can only be obtained by alternative methods, although Huaxia Money Village is a commercial bank, but it is also founded by Hou Ye, and the purpose of Huaxia Money Village is also to serve the prosperity and development of Daqin, not purely for fishing profits, Therefore, Hou Ye is willing to bear the pressure of cashing this fund......"

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

"In fact, this volume was not left in the woman's room, but the woman secretly hid it, and she made some modifications without authorization......"

"Wow~~" There was a more violent commotion in the court, and the exclamations came and went, not only Meng Yi and Feng couldn't help but look sideways, but even Chen Xu stood up.

He never expected that his book was secretly taken away by Fan Caiying, so coming to the court today must have been planned by her.

A lowly concubine dared to revise the court recital, which can no longer be described as bold, this is a capital crime of rebellion.

"Why are you doing that?" Chen Xu asked in a cold voice.

"Master Hou forgives the sins, after the concubine finishes speaking, she begs for death to apologize!" Fan Caiying kowtowed to Chen Xu again, and then raised a coquettish face that made all men feel excited and sideways, and opened with a pair of beautiful eyes with a little sadness, "Hou Ye, as the left minister, has done everything for the court and the people's livelihood in every word and deed, and has never asked for anything in return, but the concubine is in charge of the Huaxia Money Village for the Hou Ye, but she can't watch the Hou Ye just put his hard-earned money into the project that should be paid by the court, the Hou Ye can be selfless, but the woman can't do it, so if the court can't return these investments, The sinner hopes that His Majesty will give Huaxia Qianzhuang enough rewards! ”

"Fan Caiying, what are you talking about? Privately collecting books, modifying the content, trespassing into the court, and bullying the king, this is a capital crime......" Chen Xu was furious.

"Master don't be impatient!" Chen Xu was interrupted by the First Emperor before he finished speaking, instead of a trace of anger on his face, he sat on the dragon chair and looked down at Fan Caiying who was kneeling on the ground with a faint smile, "Since I ascended the throne and became king, there have only been three women in this court, the first is the original Ba Qing clan, the second is my Princess Qingning, and the third is you!" ”

"Ba Qing donated a huge amount of money to help me build the northwest Guancheng to resist the Xiongnu and Donghu, and donated 10,000 catties of mercury to build a mausoleum, but he died soon after returning to Ba County. Princess Qingning came forward because of Zhao Zhe's troubled harem, and the court pointed out that Zhao Gao's father and son conspired against him, which also contributed to me. Today you trespassed into the court, concealed the Taishi's book and revised it without authorization, but don't worry, I won't blame you, I'm just curious, why do you dare to be so bold as a mere woman? If what you say is right, I will guarantee it, and the master will not be punished when he returns home! ”

"Thank you, Your Majesty!" Fan Caiying kowtowed when tears rippled instantly, crying like pear blossoms with rain, "Your Majesty doesn't know, since the Hou Ye began to conceive of this unprecedented plan, he has been eating and sleeping almost every day for more than a month, and every day when he returns to the house, he locks himself in the study to sort out the manuscript and transcribe the chapter until late at night, the woman is not only a concubine, but also regrets in her heart, and she doesn't want the Hou Ye to work so hard because he can't raise enough funds to go down the drain, the world is rumored that the Hou Ye is a disciple of the fairy family, but the woman serves the Hou Ye every day, But I know that Hou Ye is also a mortal body, and he has stayed up all night and slept restlessly, and his body is getting thinner and thinner, but the woman and several Hou concubines are powerless, and the woman knows some money and financial skills, and occasionally can help Hou Ye come up with ideas, so she has also read this recital in detail, and is not only inspired by Hou Ye's benevolence and righteousness regardless of returns, but also regrets this kind of heart of giving up money......"

"Huaxia Qianzhuang under the control of Hou Ye, under the care and support of His Majesty and the court, it does have a good momentum of development, and it has also earned countless money over the years, but Hou Ye and Huaxia Qianzhuang's efforts and expenses are also countless, if all the 500 million money is advanced by Huaxia Qianzhuang, it is not impossible, but this will make Huaxia Qianzhuang's vitality hurt, and this is only the first phase of the project, the next two phases of raising more than one billion, the third phase of nearly two billion funds, the imperial court may still not be able to support it by issuing treasury bonds, In the end, it may be necessary to issue additional bills again, and the sinner does not know if Huaxia Qian Zhuang can support such a large amount of advance funds and expenses......"

"If Huaxia Money Bank is unable to accept these bills and goes bankrupt, it will not only affect the credibility of the imperial court, but also lead to the collapse of private finance and instability......"

"Your Majesty, the sinner can't bear to watch the Huaxia Qianzhuang built by Hou Ye go bankrupt, and she is even more unwilling to let Hou Ye work hard but have to bear such a big pressure and price, so the woman hid the book and broke into the court privately, just hoping that Your Majesty can sympathize with my Hou Ye and give Huaxia Qianzhuang enough compensation in return......"

Fan Caiying's slightly sobbing voice echoed above the court, and the civil and military forces of the Manchu Dynasty were in a daze, and the First Emperor sat on the dragon chair and listened carefully, although his face was still calm but obviously uneasy.

"It turns out that Zuo Xiang is planning to let Huaxia Qianzhuang advance 500 million yuan to promote the start of the first phase of the project......" In the quiet court, an official of the Finance Department muttered.

"I'm just disrespectful to others, and I ask Fan Niangzi not to blame!" The official surnamed Tian looked ashamed at Fan Caiying, who was kneeling on the ground.

"Your Majesty, what Fan Niangzi just said is reasonable, the annual income of the Shaofu and the Finance Department is only one billion, and it is indeed impossible to support the issuance of one billion treasury bonds, and the additional issuance of exchange notes is the best way, but the additional issuance of exchange notes will indeed cause great payment pressure to Huaxia Qianzhuang, under the premise that the imperial court cannot return it in the short term, the minister feels that the imperial court should give enough support and compensation to Huaxia Qianzhuang!" Shaofu ordered Zhao Wei to stand up and say.

"Compensation...... But where should the imperial court compensate for it? Another official couldn't help but mutter.