On February 17, 1901, a crowd was gathering somewhere on the streets of Sydney, and they were all waiting for it.

People were smiling, sometimes looking gratefully at the place where the government and Arthur were.

Directly in front of the crowd, a building that was originally a simple renovation was hung with the sign of the Royal House Bank of Australia, and officially opened today.

A simple bank opening can not attract so many people to come and watch and cheer. What really caught these people in their hands was a policy that Arthur enacted with the opening of the bank: all Australian families could borrow up to £200 unconditionally from the Crown Bank, and could mortgage up to £1,000 on their own assets.

Combined, the maximum loan amount that can be obtained by each family is £1,200.

Even if this money is placed in the rich and prosperous British Empire, it is a deposit that only high-income families can afford.

For some, the deposit has a good chance of changing his fortunes and becoming a small entrepreneur or even the principal of a rising business star.

Of course, for the vast majority of people, being able to use the funds to buy more land, increase their family's income, and improve their lives is already the best outcome.

Because the interest on the loan is so low that it's not even worth mentioning at all. Therefore, many people have the intention of borrowing a sum of money.

At ten o'clock in the morning, under the respectful and enthusiastic gaze of the crowd, Arthur came slowly in a carriage, followed by Steward Hunter and several guards.

With Arthur's arrival, the scene gradually began to quiet, waiting for Arthur's speech and actions.

Arthur had come to attend the ribbon-cutting ceremony for the opening of the bank, but before the ceremony, all kinds of speeches were unavoidable.

After Hunter explained the role and goals of the bank, Arthur spoke.

The content of the speech was very simple, in addition to introducing the purpose of the loan, there was also to encourage Australians to work hard to start a business and struggle.

Although the content of the speech was simple, it still attracted a large number of Australians to welcome and shout.

There is no other reason than the prestige and popularity in Australia.

After that, with the completion of the ribbon-cutting ceremony, the Royal House Bank of Australia was officially opened.

Subsequently, under the tense and orderly queue, the crowd of onlookers entered the bank one after another, asking questions and handling business.

Fortunately, the Royal House Bank will only open in the capital Sydney for the short term, and branches in other states will not open until next month or even longer.

This has also greatly alleviated the bank's funding problem, although the crowd of onlookers seems to be large, but many people are still hesitant about the loan, and there are still a few who have really made it clear that the loan is good.

Arthur had prepared five million pounds in cash for the opening of the bank, which now seemed to be perfectly sufficient.

After all, even if most ordinary people have made it clear that they have taken out a good loan, they are likely to choose an unconditional small loan.

Except for a few people who are truly confident that they can rely on opportunities to rise and develop the industry, others are also unwilling to take out huge loans themselves.

In addition to the loan business, which is more popular with ordinary people, there are also some people who come from the bank's savings business.

This includes many officials and big households, and cabinet officials are no exception.

Under the leadership of the experienced Prime Minister Evan, cabinet ministers have taken out their own funds and stored them in banks, and some of them have even directly deposited huge amounts of tens of thousands of pounds.

This is not surprising. The previous prime ministers, all of whom grew up as senators, were political predators, and being able to be granted the status of prime minister of the colony was naturally recognized by Queen Victoria.

And the governor and prime minister of the colony are actually equivalent to the feudal officials, and they can be regarded as covering the sky in the colony.

Although they cannot have military power, they do have sufficient political power. Coupled with various welfare policies from the United Kingdom, the annual income of these prime ministers is very high, at least thousands or even tens of thousands of pounds, and even as high as tens of thousands of pounds.

Therefore, when they took out tens of thousands of pounds to store, they didn't even show a trace of pain.

For them, compared to the 10,000 pounds, the most important thing is to make Arthur happy and support Arthur's field.

Compared to previous prime ministers, the money from other ministers pales in comparison, but there are thousands of pounds.

But that's normal. Judging from the income of Australian cabinet ministers, in just six months, they can only barely have a thousand pounds in savings.

Compared with the loan counter, the number of people queuing at the deposit counter is pitiful.

It's not that Australians don't want to put money in the bank, it's just that most Australians don't have any deposits, and there is really nothing they can do with an empty wallet.

After inspecting the bank for a while, Arthur returned to the estate. Although it opens today, the number of people will be relatively large.

But in reality, most Australians will choose whether to take out a loan or not after careful consideration, so the busiest time for business should be a few days away.

Arthur was not in a hurry, but only instructed Hunter's butler to carefully process and treat every loan deposit business, and organize it into a detailed report.

On February 25, after a week of operation, the Royal House Bank successfully became famous in Australia, attracting many people from other states and cities to a certain extent.

At the same time, Butler Hunter had also completed a summary of the business of the week before the opening of the Royal House Bank and submitted the report to Arthur.

I have to lament the poor situation of Australians. For seven days, from February 17 to February 24, the Royal Bank handled more than 2,900 transactions.

Although it looks like a lot, in fact, more than 2,800 businesses are loan businesses, and only about 100 deposit businesses.

You know, this is a statistic that was born with the support of cabinet members and some officials.

If the support of these officials is subtracted, the number of people depositing is likely to be smaller, and the amount is less likely to reach 90,000 pounds.

Compared with the deposit business, the loan business is much busier.

There are more than 2,800 loans, of which more than 2,300 are unconditional, with an average household loan of £80.

The remaining 500 or so loans are for families who have taken out loans unconditionally and with collateral. Because of the difference in their respective assets, the amount of their loans is also different, but basically they are more than 400 pounds.

It's on the shelves! Please order the first order! In addition, I wish you all a happy new year, a new year, and a new journey!

(End of chapter)