In April 1939, the National Government began to issue construction bonds.
The total value of the public debt for this construction is 600 million yuan in legal currency. There are four face values: 10,000, 5,000, 1,000, and 100 yuan. The annual interest rate is 6%, and the interest is paid twice a year.
Only interest will be paid in the first two years after issuance. After two years, the principal will be repaid twice a year and will be paid off in 25 years.
In the same month, with the approval of the Ministry of Finance of the National Government, Kong Xiangxi and Chairman of the National People's Congress, the Shanghai District of the Military Command Bureau began to issue patriotic bonds in Shanghai.
The so-called "patriotic bonds" are actually construction bonds, but the interest rate is only 4%, and interest is paid once a year. The total amount is 200 million legal tender.
This was of course proposed by Meng Shaoyuan, the mayor of Shanghai District.
The construction public bonds will be rebranded and issued in Shanghai to raise more funds for the country. At the same time, the annual interest rate will be reduced from 6% to 4%, and each interest payment will be reduced from two times to one time, which can greatly reduce the financial burden of the National Government.
Meng Shaoyuan's request was that he would withdraw one-tenth of the successfully issued public bonds as funds for Shanghai District activities, which is 20 million French currency.
Compared with the issuance of an additional 200 million yuan in legal currency and the returns obtained from reduced interest rates, these 20 million yuan in legal currency are nothing.
Kong Xiangxi readily agreed to Shanghai's request.
This can enrich the National Government's treasury; secondly, it can be regarded as a reward for Meng Shaoyuan.
However, those businessmen in Shanghai, especially the traitor businessmen, were really unlucky.
I just held a so-called business conference and was exploited by Haoyitong.
Then, they were forced to show off their patriotic bonds.
Not buying?
Try it if you don’t want to buy it!
Let me first slap you with an unpatriotic label.
Of course it would be unpatriotic not to buy patriotic bonds.
Then, those spies stay at your house every day, threatening and intimidating you, making your wife and children fearful every day.
This is nothing. The most egregious thing is that after that business conference, in order to maintain the operation of the factory and company, the businessmen had to borrow money from Meng Shaoyuan... no, they had to borrow usury... loans from the Shanghai District of the Military Command Bureau.
As long as you reveal the slightest intention to buy patriotic bonds, you will be forced to sell your factory, your company, your real estate, and your car to repay the money on the spot.
Do you dare not to buy it?
The strange thing is that there are not only traitorous businessmen in Shanghai, but also upright patriotic businessmen.
For example, the president and vice president of the Shanghai Federation of Industry and Commerce brought many businessmen with a sense of justice to Meng Shaoyuan and offered to purchase a large amount of patriotic bonds.
As for the interest, it doesn't matter.
But the problem is, Meng Shaoyuan looked embarrassed: "No more."
Gone?
What's the meaning?
Two hundred million yuan, all issued at once?
"Boss Meng, stop joking with us. How can 200 million yuan be issued so quickly? I think Boss Meng thinks the interest rate is too low and is afraid that we will suffer losses. We are all Chinese, and we are willing to subscribe even if there is no interest."
Everyone has said this, what else can Boss Meng do?
But why did he look like he was in pain after his heart was cut with a knife?
…
"Your beloved general Meng Shaoyuan is trying to trick others into death."
Seeing that there was still a little time left before the meeting was held, Kong Xiangxi smiled and said to Dai Li: "He must have sold all the patriotic bonds to those traitorous businessmen. If the war of resistance is won, and he can label others casually, will these traitors still be able to do so?" Do you dare to ask the National Government for money? I definitely don’t have to think about the annual interest.”
Dai Li also smiled: "What he fears most now is that patriotic businessmen buy patriotic bonds, because there is no way to default on the debt. Minister Kong, my favorite general is in Shanghai, and he single-handedly helped the National Government raise 180 million Tens of millions of funds, most of which still don’t need to be repaid, do you think we should increase the funding for our Military Command Bureau every month?”
"No money, no money." Kong Xiangxi shook his head repeatedly: "Money is needed everywhere, and there are holes everywhere. I am just waiting for this money to fill these holes." Meng Shaoyuan made 20 million in Shanghai and asked for money. go."
"Ask him? This little monkey is a miser!"
"That has nothing to do with me!"
…
"Change the legal currency in our hands into dollars and pounds as soon as possible." After sending away those truly patriotic businessmen, Meng Shaoyuan couldn't wait to call Wu Jingyi in.
Beginning in 1939, the inflation of fiat currency accelerated.
Fortunately, the hyperinflation phase of fiat currencies is still three years away.
The purchasing power of one hundred French dollars in 1939 was not as exaggerated as the so-called purchase of a pig. It could still buy a big cow.
One hundred French currency is enough for a month's basic living expenses for a family of five in Shanghai.
However, compared to the fifty yuan before the Anti-Japanese War, it still doubled!
Wu Jingyi also saw all this.
She still really admired District Chief Meng.
Although this young master is thick-skinned and has many shortcomings, he sees people and things very accurately.
He had already begun exchanging large amounts of legal currency into U.S. dollars, pounds, and silver dollars, anticipating that the legal currency would depreciate.
"By the way, that boss Wu Liancai came here yesterday and wanted to ask us to borrow 50,000 yuan to help us make some money." Wu Jingyi thought about it at this time.
"How much did he subscribe to the patriotic bonds?"
"He was forced to subscribe for 500,000 yuan, and his funds really couldn't be turned over."
"Only 500,000? When will I sell my 200 million?" Meng Shaoyuan looked unhappy: "If I ask him to add another 500,000, he really has no money and uses real estate as a mortgage. His garden house, But it’s worth three hundred thousand oceans!”
"What I mean is that it is okay to force him to purchase patriotic bonds, but the money will not be borrowed. This time he is receiving business from the Japanese, and he has to ask Japanese trading companies to purchase raw materials. It is equivalent to doing business with the Japanese. "
"Borrow, why not borrow?" Meng Shaoyuan glared: "You can't force Wu Liancai to death, can you? This is one of our cash cows. We must support him to continue running the factory. The bigger his business becomes, the more money we will make in the future." There will be more.”
This is a vampire.
Wu Jingyi smiled inwardly.
More than half of Wu Liancai's hard-earned money had to be used to repay the interest on the money lent to him by the Military Command Bureau. God knows when the rest will be cheated by Master Meng again.
And you keep saying that you can’t force people to death?
Master Meng is going to suck all the other person's blood alive.
"If it's a success, I'll notify him to come get the money soon." Wu Jingyi added smoothly: "I heard that Ji Yunqing is selling off his garden house in the French Concession, which is worth 350,000."
Meng Shaoyuan smiled.
Ji Yunqing's finances are in trouble.
After the batch of drugs was hijacked, not only Ji Yunqing but also Li Shiqun suffered heavy losses.
It is said that Li Shiqun is forcing Ji Yunqing to pay back the money.
Let your dogs eat dogs.
etc.
Meng Shaoyuan suddenly blinked: "I suddenly want to buy Ji Yunqing's house."
"you?"
Wu Jingyi was startled, then realized: "Are you planning to trick Ji Yunqing into death again?"
