Just as Lotte Bank began to vigorously buy the officials of the capital, the two princes in Prince Gong's mansion, including the Minister of Revenue, the Grand Secretary Weng Tonghe, and the eunuch Li Lianying, the confidant of Empress Dowager Cixi, also got together.

There were no chopsticks on the table of sumptuous wine and food. Several of the toughest opposition leaders in the court were all worried today.

It's also a joke. Prince Gong and Prince Chun are the brothers of Emperor Xianfeng and the children of Emperor Daoguang. Weng Tonghe is also the imperial teacher. Both father and son were leaders of Qingliu. Lao Lin of the Ministry of Revenue was in charge of the world's money and grain, and of course he was also the direct descendant of the court.

As for Li Lianying, let alone, she is completely the representative of Empress Dowager Cixi, who is the emperor's biological mother, but only these people have become opposition today. To be honest, shouldn't they be the court's official?

The reason is very simple. It was precisely because Cixi foolishly launched the palace change last year that the two originally integrated empress dowagers broke up. In order to survive, the Empress Dowager Dong resolutely reached an alliance with Xiao Letian, and with the help of the Empress Dowager Dong's identity, the governor of the world was ordered to return to his heart.

Xiao Letian was an ally overseas and the Hunan Army Group was a backer at home. In addition, Xiao Letian broke through Tianjin Wei, defeated the Huai Army, and attacked Sijiu City, which caused a serious blow to Cixi's power, and almost turned from a war situation to an opposition party.

Now, a new test is placed in front of them again. There is a corner missing on the side of the wine table without placing dishes, but a thick stack of documents with the words "Temporary Tax Reform of the Qing Dynasty" written on it.

This is the reform plan of Emperor Tongzhi's reform, the 20-year Qing tax reform. In this document, Emperor Tongzhi was preparing to divide the national tax into two. All the cash banks that could be deported to Beijing in each province remained unchanged and delivered directly to the Ministry of Revenue in the original way, and the arrears of the Ministry of Revenue will no longer accept it.

These debts were sold in packages and sold to Lotte Bank for split sales, and a certain interest was given to absorb funds from the private sector.

This is basically a bit of a credit currency routine. Although it is very primitive, it is very consistent with the current national conditions of the Qing Dynasty. Anyway, the court cannot collect enough taxes, so it is better to sell the debt directly.

Maybe some people are worried about how the people will buy these debts? Who would ask for these white notes? What if the court can't afford to pay them back, then it will become the treasure money of the Ming Dynasty, and it will depreciate more and more.

However, Lotte Bank has long given the answer to this question, that is, double credit guarantee. The first is that the court uses taxes to provide credit guarantees, which means that the court recognizes these bonds for tax collection.

The second credit guarantee is the credit of Ryukyu Rakuten Bank. Don’t underestimate this bank. It is now the largest financial institution in Asia. The wealth accumulated by privately minted silver dollars over the years is more than 100 million taels of silver.

When using bonds and Lotte Bank and banks to trade, certain discounts can be given appropriately, which is also a good way to attract private funds.

During the Tongzhi period, the imperial court had just defeated the Taiping Heavenly Kingdom and the Nian Army. If nothing unexpected happens, the turmoil between the Gansu and Shaanxi Hui tribes and the Battle of Xinjiang will also be victorious. At that time, it will really become the Tongzhi Zhongxing.

The public's confidence in the court will rebound for the last time, so the national credit of these bonds will continue to rise in the next ten years, and will not even collapse seriously within the next twenty years.

The real pill of the Qing Dynasty had to wait until after Cixi came to power in power in Guangxu. The Guangxu period was the time when the Qing Dynasty's national fortune fell sharply.

However, for Xiao Letian, more than ten years is enough for him to use bonds to absorb the physical gold and silver of the people. At that time, Lotte Bank will become the real central bank of China, and the army in his hands will be unimaginable, at least there is no problem with self-protection.

But now he still needs to slept with firewood and taste gall, because he wants to continue to secretly absorb China's private wealth. Without 200 million taels of silver to support himself, he can't imagine forming a powerful navy. If he doesn't have more than one billion silver reserves, he won't be able to compete with Britain and the United States in the Pacific.

Everything takes time. Xiao Letian is still young and can still wait, so he has this 20-year Qing Dynasty tax reform plan.

Li Lianying couldn't stand the dull atmosphere in the room anymore. He said with a sharp voice, "You guys, you guys, you have to say a few words. If you just look at it, you can solve the problem. Then the miscellaneous family will pick out their eyes and put them on it, so let's take a look together."

Lao Lin from the Ministry of Revenue put down the tobacco pot and coughed twice, "Oh... I asked those people to smash a big bag on their foreheads in the morning. I still don't know yet. I'm thinking about it, you guys will talk first..."

Everyone turned their attention to Weng Tonghe again. The scholar and official frowned and said, "I can't understand it, I really can't understand it. It is said that this bond is a bit like the routine of foreigners in issuing paper money, but foreigners have never heard of using tax as collateral, and have never heard of using IOU as the subject matter."

"I have asked foreign missionaries in Dongjiaomin Lane before, and they said that this is called a credit currency, which is a very advanced financial concept in Europe, but no one dares to try it... Even Britain now chooses the gold standard. The law stipulates that each ounce of gold is equal to 3 pounds, 17 shillings and 10 and 10 half pennies... I heard that it was the rules set by a philosopher named Newton in the UK..."

Weng Tonghe is worthy of being a scholar. He is at least better than other officials when encountering any things he doesn't understand. He knows more questions and asks.

"Precisely because the UK has locked up the pound and gold, the people are willing to ask whether it is cast in metal or printed on paper. This is the credit of gold that depends on..."

"Now the name of this document is His Majesty, but we all know that this is Xiao Letian's plan... In other words, a master of Western learning who can write a story about the journey to the West will not be confused about this."

"The foreign pastors in Minxiang, Dongjiao were also puzzled. They said two possibilities. One is that Xiao Letian predicts that the Qing Dynasty will have at least twenty years of good fortune in the future, and the credit of the court will not collapse..."

"And the second possibility is even more bizarre, that is, Xiao Letian is a big loyal minister. He tied his wealth and life to the chariot of the court. He wanted to try his best to improve the credit of the court... In this way, we have misread him before, and he is really a loyal minister."

Everyone in the room was stunned. Everyone was stunned and couldn't understand the dilemma in front of them.
Chapter completed!