Chapter 298 Promissory Note



After listening to Li Xian's words, Zhang Gou was silent for a while, thought for a while and said with a smile: "Master uncle, you want to build more shops for rent, right?"

Li Xian nodded and said, "The safest way is to build shops, but you are responsible for the specific operation, just do whatever you want. Anyway, do what makes money quickly and try to maximize the profits."

“Building shops and renting them out does make money.”

Zhang Gou nodded and continued, "However, we can't take all the profits. The world is bustling with people for profit. If a place wants to gather popularity, it can only share the profits with others.

Lingnan promulgated many laws, which basically eliminated the possibility of huge profits. For example, there were various tax restrictions on spices from the South China Sea. Except for the initial period, when the prices were high due to the shortage of goods in the Central Plains, the profits are not great now.

Under such circumstances, renting out houses and shops in Hong Kong does not actually bring much profit. After deducting taxes, it basically takes 15 years to get your money back. Well, it’s just a little more cost-effective than putting money in a bank.”

"Are there taxes on renting out houses and shops?" Li Xian looked surprised.

Zhang Gou pulled the corner of his mouth and was about to speak, but Wang Pingan smiled and said, "You don't have to refuse this. Since we said we'll give it to you, just accept it with peace of mind.

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No one can say anything. We have already consulted His Majesty, so it will not affect you in any way as you continue your career."

Zhang Gou explained with a smile: "It is natural that private individuals do not need to pay taxes for agricultural products, but this is very rare. Nowadays, even a little hemp thread is basically produced in large workshops.

Although it is troublesome, promissory notes are still favored by big businessmen. As the transaction volume increases, even paper money is still a bit cumbersome when it comes to large transactions. Promissory notes worth one hundred to ten thousand strings of cash are the first choice.

"These are 10,000 bank notes. According to your Highness's order, each note is worth 1,000 guan. These notes cannot be circulated for the time being. They will only have actual value after the Chang'an Central Bank issues a special order three months later.

The person in charge of the bank carefully verified the identities of the three people and all the documents before processing their business. An hour later, the person in charge of the bank handed two large wooden boxes to Li Xian and Wang Ping'an and said:

Zhang Gou nodded and explained with a smile: "In Lingnan, if you live in the wild and are self-sufficient with 10 mu of land per person, then you don't need to pay any taxes. But once you are involved in buying and selling, even if it's just buying some needles and thread, then taxes will definitely be included."

Money shops have now spread to every state, but each state can only issue paper money and does not have the right to issue promissory notes, but can accept promissory notes.

Wang Ping'an nodded and smiled, "That's true. A long time ago, Yuzhou began to have various divisions of labor. For example, pounding rice and grinding flour were all produced in workshops. Once production was centralized, it was indeed very conducive to collecting taxes."

Li Xian thought for a moment and said, "Okay, let's not talk about building a shop. You can always find good opportunities in Hong Kong. Just do it and try to maximize the profit.

Li Xian and Wang Ping'an left the bank under the escort of the imperial guards. After getting on the carriage, Li Xian patted the box and said with a smile, "Now it's convenient. Ten million strings of cash. If it were brass coins, it would take tens of thousands of carriages to carry them, and even a large ship would have to load several ships. Now it can be done with two boxes."

After all, it takes at least an hour to twist a pound of hemp thread by yourself. With that much time, you can make 30 or 20 coins by doing anything else in an hour. The hemp thread made by a large workshop is only 30 or 20 coins per pound. Not only is the work you make not as good as that of a large workshop, but you also have to pay for the raw materials. Why bother?"

In addition to issuing banknotes, money houses naturally also came up with promissory notes to facilitate large transactions. However, the operation was more complicated, as all promissory notes would take three months to become effective and were only valid for three years.

Anyway, with the guarantee of the money house, as long as you have the promissory note, it is not a problem to deposit or withdraw it in various states, and you can use it to pay taxes. The big businessmen have nothing to be afraid of.

Wang Zheng had actually mentioned the taxation issue to Li Zhi a long time ago. His main intention was to exempt agricultural taxes and corvee labor and increase commercial taxes. Li Zhi had mentioned this in the court once, but found that the resistance was too great, so he did not force it.

Li Xian looked at Zhang Gou with a look of disbelief, and asked, "Do small farmers have to pay taxes for buying and selling hemp rope? How can you collect taxes on a penny?"

Each of them not only has the latest anti-counterfeiting mark, but also has their own special number. Their circulation time is three years. No matter what, they must be transferred to the bank within three years, otherwise they will expire and become invalid. Your Highness must remember this. "

Li Xian said with satisfaction: "Do a good job. With a capital of 50 million, even if you earn 20% a year, you can get 1 million guan every year. Even though it is easy to make money now, there are not many people who dare to say that they can earn such a large amount in a year."

However, the several border areas did not have much tax revenue originally, and when everything started over again, it was left to Wang Zhen and his men to do what they wanted, which could be considered an experiment in reform.

Wealth comes from creation, and Wang Zheng played a role in improving productivity. As the total amount of wealth increased, it naturally became easier to make money.

On that day, Zhang Gou, Li Xian and Wang Ping'an went to the money shop and transferred 10 million strings of cash to the two of them.

Zhang Gou pondered for a moment, nodded, bowed and said with a smile: "Since the senior brothers have given me the reward, I will obey your orders."

Wang Pingan nodded and said with a smile: "It's just a promissory note. Even if it's a large note of 100 wen, it would take thousands of carriages to pull it."

Li Xian took out a rectangular promissory note from his arms, looked at the portrait of Li Zhi on it, then looked at the watermark showing one thousand strings of cash in the sunlight, and while shaking the promissory note, he asked Wang Ping'an.

"Ping An, what do you think we can get if we take this promissory note to the fairyland?"

Wang Pingan squinted at Li Xian and said, "I don't know what kind of treatment you will get in the fairyland, but I can guess what kind of treatment you will get after returning to Chang'an. Do you want to hear it?"

“Boring.”


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