If the money is not enough to spend, then you have to borrow, but the borrowed money has to be repaid, if it is clearly stated at the beginning that the money will not be repaid, it is fundraising, but it is easy for people to misunderstand when it comes to fundraising as Yu Wenwen. Pen? Interesting? Pavilion wWw. ｂiquge。 ｉｎfo

First of all, others will think that Yuwenwen is forced to donate, after all, King Xiyang can walk sideways in Shannan, and open his mouth to "ask" everyone to donate money, who dares not to donate?

How much to donate is a matter of ability, whether to donate or not is a matter of attitude, as long as people with a little eye, they must donate more or less, so it is not a problem to raise enough money and grain to repair the plank road.

The problem is that it is really so big to engage in fundraising, and Yu Wenwen's reputation has been stinky since then: the one-legged bronze man made everyone rich before, but it turned out to be like raising pigs, and when they get fat, they will kill pigs for the New Year!

The one-legged bronze man is short of money to spend, let us raise donations, today is to repair the plank road, tomorrow?

In fact, Yuwenwen has already held a fundraiser before, and before the march of Lingnan Road, there were large households and businessmen in Huangzhou who enthusiastically donated money and materials; Later, when the post road from Jiangzhou to Guangzhou and the Da Yuling Road were repaired, there were also large households who enthusiastically donated money and materials.

Why didn't Yu Wenwen's reputation stink at that time? Because the meaning is not the same.

Lingnan Road marched to the army, most of the soldiers were children of Huangzhou and Shannan, everyone donated money and materials, in addition to supporting the government but also did their best; Repair the post road to benefit the people along the way, and the Da Yu Ling Road is the main road between the north and south of the Da Yu Mountains, which is a good thing for future generations.

So Yuwenwen raised donations for these two things, everyone has nothing to say, but Zhenyang Gorge is open to waterways, and the plank road is best and will not be blocked by traffic, and for most people, there is no interest touch, and it can be repaired or not.

Yu Wenwen wants to raise donations to repair the plank road, and people such as Li Fang must be strongly supportive, but ordinary people will inevitably mumble in their hearts, and they will think that the king of Xiyang is taking the opportunity to do the project to engage in corruption?

Moreover, if you want to repair Zhenyang Gorge in the short term, the source of funds is bound to be based on the income from fundraising, the amount is extremely huge, and everyone's mentality is completely different.

If you don't donate, you can't don't donate, and you can't donate less, isn't this treating everyone as a fat pig?

So how to get money decently is a problem for Yu Wenwen to consider, in order to reassure everyone, it is best to borrow money for a fee rather than raise money for free.

There is borrowing and repaying, and it is not difficult to borrow again, with Yu Wenwen's current credit, if he wants to borrow money, he will definitely be able to borrow money, but the problem then comes, if he really wants to borrow money from large households, it will be a lose-lose situation.

First of all, as the king of the clan, he has food, money, and industry, and he is so embarrassed that he wants to borrow money from a lowly businessman, where does this behavior put the face of the court? Where to put King Qi's face?

There may be a kind of discussion: Is there a profiteer who has made the dignified king owe usury, which is simply "tolerable or unbearable"! If you don't kill people's heads, where is the majesty of the court!

Secondly, these businessmen who lent money to the king of Xiyang seem to be quite rich, in this case, the government is just short of money, and you also 'lend' some money to save the emergency!

In these years, the status of businessmen is relatively low on the surface, so rich businessmen are too ostentatious and can easily cause catastrophe, so there is a great probability that the above two situations will occur, so Yuwenwen has to raise funds in a low-key manner.

If fundraising is misunderstood, how do you raise funds?

Easy to do! If you follow the familiar routine, you should issue bonds, and with this weapon, all the problems that can be solved with money are not a problem!

Bonds, generally speaking, are creditor's rights and debt certificates issued to investors when the government and financial institutions directly borrow from the society to raise funds, and promise to pay interest at a certain interest rate and repay the principal according to the agreed conditions.

The essence of a bond is a certificate of debt, which has legal effect, and the bond purchaser or investor and the issuer are in a creditor-debt relationship, the bond issuer is the debtor, and the investor (bond buyer) is the creditor.

With the popular negotiable coupons in Xiyang City as a foreshadowing, if Yuwenwen issues bonds, his credit will be very good and will not be unattended, so that the problem of funds can be solved by a decent way of borrowing.

Of course, the specific operation needs to be planned, but the general process, Yu Wenwen has immediately made up the brain: the bonds issued for the construction of the Zhenyang Gorge plank road are for a period of three years, with an interest rate of 5%, and the interest is paid once a year and settled in three years.

How is the principal and interest of the bond repaid? It is repaid by the toll tax of the Zhenyang Gorge plank road and the surplus of the local government's annual tax revenue.

If the tax surplus of the Guangzhou Governor's Office is sufficient, and there are enough caravans and pedestrians going north through Zhenyang Gorge, it will be no problem to pay off the debt, and even if it loses, it will not lose too much.

Thinking of this, Yu Wenwen suddenly came to his senses, issuing bonds is a good way to raise funds, so if he really wants to issue bonds, the feasibility of success is very great, and he will not be criticized for "forced donation" or the county king borrowing money to insult the dignity of the court.

Bonds can be issued publicly, and ordinary people can subscribe as long as they are willing and have money, and they are not limited to large households or businessmen, which can not only avoid the concerns of large households about "exposing their wealth and inviting disasters", but also eliminate the other party's doubts that "the king of Xiyang treats us as fat pigs".

Who will issue the bonds? The government can't do it, because the credit can't reach that height, so only the Rixingchang Cabinet Factory, which has issued negotiable bonds, has enough credibility to make everyone believe that the bonds can be cashed.

That is to say, the whole process of issuing bonds is guaranteed by the credit of Rixingchang Cabinet Workshop, and the repayment of principal and interest is the responsibility of the Guangzhou Governor's Office.

Yu Wenwen is the big boss behind the scenes of Rixingchang, so it is very convenient to operate the issue of bonds, and he is confident enough to make most of the bond sales, and he is not afraid that the Guangzhou Governor's Office will not repay the debt.

But there is a key question: can the tax revenue from the Zhenyang Gorge Plank Road and the tax surplus of the Guangzhou Governor's Government really repay the principal and interest of the bonds within three years?

According to the face value of the bond of 1 million guan, not counting the interest, the bond maturing in three years to repay 1 million guan, which means that the annual toll tax of the plank road and the surplus of the government's tax revenue are combined, and the debt to be repaid is discounted by more than 330,000 yuan.

In the future, there will be many places to spend money in the Guangzhou Governor's Office, and how much surplus will be able to repay the debts at that time is an issue that cannot be ignored.

The optimistic point is to estimate that the government's annual tax surplus can pay two-thirds of the debt, that is, 220,000 guan, and the remaining 110,000 guan depends on the toll tax of the plank road, assuming that the plank road can be passed for 360 days a year, the daily tax collected cannot be at least 300 guan after rounding.

Where can we collect so much by collecting pedestrians' toll tax, so the bulk is the toll tax of the caravan, but collecting 300 yuan of tax every day is simply an impossible task.

At a pass on a major traffic road in the Central Plains, the customs tax is collected at the normal tax rate, and the tax that can be collected in a year fluctuates between 1,000 and 3,000 guan, and that is still in a place with a large flow of people and goods.

The flow of people and goods on the Zhenyang Gorge plank road cannot be so much in a short period of time, how can you receive the tax amount that others can collect in a year within ten days?

Even if only 500,000 bonds are issued, the pressure to repay the principal and interest is just as great, unless the maturity of the bond is extended, but the three-year maturity is already the limit, and if it is longer, I am afraid that many potential buyers will be discouraged.

If the tax surplus and toll tax cannot be repaid on time, the resulting deficit will have to be made up by the initiator Yu Wenwen, so tossing and turning, the issuance of bonds will not solve the problem at all.

This is just an economic account, the issue of bonds by Rixingchang cabinet to raise funds for the government will inevitably attract the attention of the superiors, once the imperial court wants to entrust Rixingchang to issue bonds for emergency, what should I do if I can't do it in the future?

Yuwenwen can ignore those bulls, ghosts, snakes and gods in the court, but if Yuwenliang is short of money, let him focus on the overall situation, and ask Rixingchang to issue bonds to raise funds, and he can't repay them in time for some reason in the future, what should he do?

Ri Xingchang's credit, is Yu Wenwen's credit, it took him several years to build up, and it is easy to destroy this hard-won credit, once the superior knows that the issuance of bonds can easily raise funds, Ri Xingchang is very likely to become a night pot, and throw it away when it is used up.

And Yu Wenwen, who is a chess piece, is probably powerless to prevent this from happening.

Once the credit is damaged, it will be even more difficult to recover, so he doesn't want to attract a group of hungry wolves to destroy the Rixingchang cabinet shop for the sake of a Zhenyang Gorge plank road.

Considering all kinds of factors, Yu Wenwen reluctantly came to a conclusion: the idea of issuing bonds to raise funds to repair the plank road, once implemented, the risk is extremely high and the consequences are endless.

The more he thought about it, the more energetic he became, Yu Wenwen couldn't fall asleep on the couch, looked at the mosquito net and muttered to himself: "It's not easy to issue bonds, do you really want to engage in trick fundraising?" ”