Chapter 96                                                             �

Even so, a morning passed.

After noon, they met Jiajing again.

After taking a nap, Jiajing performed boxing skills, but now he is in great spirits. When he saw Zhou Mengchen presenting two stacks of charters and several pages of paper, Jiajing immediately didn't want to read it and said to Zhou Mengchen: "Choose what is important."

Jiajing was walking in the palace, and Zhou Mengchen and Fang Dun followed behind.

Zhou Mengchen agreed and said, "Bank Articles of Association, the most important time is the entry threshold, management Articles of Association, how to collect taxes, etc."

"First of all, set up a bank department in the Ministry of Revenue to take charge of bank treasury debts. I think a new Minister of Revenue will be in charge of it. However, Shangshu Fang believes that no matter what is just starting out, it should be done, just be in charge of the Ministry of Revenue."

"If you want to run a bank, you must go to the Ministry of Revenue of the Beijing Ministry of Revenue to report to the person in charge and all shareholders. Then the bank department will apply for a license. If you do not have a license, you will be found to be in the official position. Secondly, you must purchase an interest-free treasury bond. You can only withdraw it when you go bankrupt or face a run."

Zhou Mengchen had no intention of lowering the bank threshold from the beginning. Whether it was the Ministry of Revenue to apply for a bank license or pay a deposit of one million taels.

Originally, what Zhou Mengchen wanted was a deposit. But Fang Du told him that he could not tolerate a million taels of silver in the Ministry of Revenue account, but he could not use it. It was not that Fang Du had a strong desire to control, but that the Ming Dynasty was too poor. It was impossible for him to not move this million tael. So the deposit became a national debt.

Zhou Mengchen felt a little embarrassed at first, but when he thought about the underwriting of treasury bonds in Beiyang, the Republic of China, and even the New China, the bank was dying of death. Zhou Mengchen didn't feel that he had done too much.

After all, Zhou Mengchen only planned to have seven or eight banks in the Ming Dynasty. Each of them had a capital of at least tens of millions. The reason for this was to reduce the government's workload.

Zhou Mengchen knew that if the officials and officials of the Ministry of Revenue of the Ming Dynasty did not have a high threshold and made more than one hundred bankers, they would not know what to do.

After all, there are at most dozens or hundreds of people in a company. It is okay to connect with seven or eight banks. If they connect with more than 100 banks, they will be busy and they will not be able to achieve results.

"The third is to impose taxes on banks. I personally think it is divided into two types. One is stamp duty. All bills that are eliminated by the bank must be registered with the court. Only with the seal of the court can it be counted. If not, then once there is a dispute and the government reaches the government, the government will not recognize the validity of the bills. This tax, every cent contract or check, will be charged one thousandth of a thousandth."

Jiajing didn't care at all. He didn't think that one thousandth of the money could be made.

Zhou Mengchen knew that if this could be done well, it would be a very large tax. In Zhou Mengchen's plan, for a long time, the people could not get in touch with banking business. Those who could get in touch with banking business were all big families. At a time, they would cost at least a few hundred taels of silver, otherwise it would not be worth a trip to the bank.

Take one hundred taels of silver as an example, a stamp duty is also a monday.

Zhou Mengchen didn't know how much business a bank of tens of millions had. But he probably knew that the Yellow River Bank spent about three million taels on disaster relief loans, and this was the court could get 30,000 taels alone.

Moreover, Zhou Mengchen felt that if a bank business was investigated for another year, he would have to borrow his principal. If this could not be done, wouldn’t he have to lose money?

This gives a basic basis. A bank with tens of millions of capital will have to pay at least 100,000 taels per year. Moreover, Zhou Mengchen felt that if the Ming Dynasty had a smooth transition to an industrial society, this tax alone would have the potential to exceed the agricultural tax.

More than 20 million shi of grain a year seem to be quite large. But in terms of silver, due to different prices of grain, most of the time it is only more than 10 million taels. The overall currency stock of the Ming Dynasty was as high as 100 million taels, which were all physical currency, that is, silver, copper coins, and gold. In fact, Zhou Mengchen did not estimate how much it was, because this was impossible to estimate. The Ming Dynasty did not have such statistical power and counted the total amount of currency circulating in the Ming market.

Zhou Mengchen is just an estimate, and God really knows how many errors are.

Because bank checks and other financial tools have magnified the original funds, that is, leverage is added, which is the bank multiplier effect. It is just that the times are different, and this leverage cannot be too high.

In this way, considering the speed of capital circulation and other benefits, Zhou Mengchen felt that by then, this tax would be tens of millions of taels a year, and there would be no problem.

Of course, the question is how to raise taxes.

Zhou Mengchen was thinking about an ideal situation, but there were too many problems in reality. For example, if this tax department collects it, it is impossible to let others do business and come to Beijing once. The bank’s Treasury Debt Department should be set up to take up the points? If you want it, how many will it be established? Should it be established in the province or in the government? In this way, a large number of people are required, and it also costs money to raise these people.

There are other things that are not easy to deal with.

However, Zhou Mengchen is not the Minister of Revenue, so what does he care about? He first finalizes the constitution and occupies the commanding heights of morality. He will be slowly implemented in the future.

It’s just that Zhou Mengchen was so excited that he was just himself. Jiajing didn’t feel anything at all. He didn’t think that one-thousandth tax was worth collecting.

Zhou Mengchen just continued: "There is the commercial tax of the bank. I think it should be collected by ten taxes and one."

After hearing this, Jiajing frowned slightly, waved his hand and said, "It doesn't matter."

Zhou Mengchen then breathed a sigh of relief. Originally, most commercial taxes were thirty-one, but Zhou Mengchen had a lot of brains to increase the tax on banks. On the one hand, it was a ancestral system problem. On the other hand, Zhou Mengchen was very unfamiliar with finance and did not know whether the increase in taxes on banks was good or bad for the overall economy. But when Zhou Mengchen thought back, as long as he did not regard the bank as an existing very perfect business, but as an emerging business, he did not seek perfection, but only wanted to move forward. Zhou Mengchen felt much better in his heart.

Zhou Mengchen said: "Next, I will talk about the specific management and guidance of banks. The Bank Treasury Debt Department shoulders the responsibility of supervising banks, and the business scope of the bank is already-----"

Jiajing frowned slightly and said, "Since these ministers have already discussed, there is no need to report them to me. But the bank's Treasury Debt Department has a great relationship. Can anyone recommend them to me?"

Zhou Mengchen naturally thought about many candidates in his mind, but in the end he could only recommend one person. He said, "Your Majesty, I have one person to recommend it."

Jiajing said, "Who is it?"

Zhou Mengchen said: "Hanlin editor Zhang Siwei."

Jiajing said, "Who is this person?"

Zhou Mengchen said: "Zhang Siwei is a native of Puzhou and the son of Zhang Yunling, Puzhou. He was a Jinshi in the 32nd year of Jiajing and was later elected as a Shujishi. It has been three years since then, and the house should be disbanded."

Jiajing was stunned and said, "With his son, Zhou Qing, isn't he afraid of their private entrusting and gaining personal gain?"

Zhou Mengchen said: "There are two reasons for this. The Zhang family in Puzhou has three generations of wealthy businessmen. The family is rich and noble, comparable to the Duke and Marquis. It has more money and less money. It is meaningless to them. What the Zhang family wants is to change the family and become an official family. Therefore, they have high hopes for Zhang Siwei. They would rather damage their own business than support Zhang Siwei."

"They will never hurt Zhang Siwei's career."

"This is one of them."

"Second, to be honest, what should the bank do? How should the accounts be checked? What should be done during the situation? How should the tax be collected most appropriately. I am also in a mess, only the insider of the bureau knows the most, and Zhang Siwei is among the insider of the court, the people of the court."

In fact, this is the main reason.

If possible, Zhou Mengchen was unwilling to use Zhang Siwei. It was not that he had any opinions on Zhang Siwei, but that he simply avoided and balanced. Avoiding naturally was to avoid the relationship between Zhang Siwei and the Zhang family and balanced. Naturally, it was impossible for Shanxi merchants to have both first-mover advantage in banking and control the bank's Treasury Debt Department. Wouldn't they be both a contestant and a referee?
Chapter completed!