The visitor only came to inform Li Shimin of the imperial edict. After the notification was completed, he naturally left, leaving the three people in the hall looking at each other.
Li Ke: (ŎдŎ；)
Fang Xuanling: (ŎдŎ；)
Wei Zheng: (ŎдŎ；)
"Ahem, has His Majesty moved to the Daming Palace?" Fang Xuanling asked.
"He said he went over to take a look." Li Ke looked dull.
Xuanzheng Hall in Daming Palace is similar to Liangyi Hall in Taiji Palace. Hanyuan Hall, the largest palace in Daming Palace, is larger than Taiji Hall, and the entire Daming Palace is four times the size of Taiji Palace.
The West Inner Garden, including Daming Palace, is already under construction and is connected to the north side of Taiji Palace.
"Well, I guess His Majesty may want to live there for a while. It is possible. After all, it has been so long since the Daming Palace was successfully built, and the living environment there will be better than that of Taiji Palace." Fang Xuanling only said I can find a more objective reason from various aspects.
He could only say, Your Majesty, you were too eager, so you just threw it all to His Highness and ran to the Daming Palace.
Li Ke: "..."
He felt that there was always something wrong with this matter, so he decided to go and take a look at the back, but Fang Xuanling and Wei Zheng came over to discuss work, and Li Ke couldn't just leave them alone.
"Zheng Guogong, I think my father is enjoying himself a little too much." Li Ke looked at Wei Zheng and asked.
Wei Zheng: "?"
Do you want to look at your Qinwangzhuang before talking about this matter? Of course, you are not the emperor, just a prince, and you spent your own money. I really have no right to say anything.
"Your Highness, after the division of royal private property and state property, the Daming Palace belongs to the private property of the royal family. Your Majesty did not spend a penny more on the court's expenses. He just lived in his own palace, so this cannot be said to be a private property. Not enjoying it too much.”
"And His Majesty notified us directly just after he moved here. If you have any questions, go to Xuanzheng Hall directly to see him. Obviously, he still hasn't forgotten his work." Wei Zheng said seriously.
Li Ke; "?"
Fang Xuanling: "?"
Both of them glanced at Wei Zheng suspiciously. Is the sun rising from the north?
"Why do you think so of me, Your Highness? I, Wei Zheng, am only good at admonishing, not arguing." Wei Zheng said helplessly, do you have any misunderstandings about me?
Do you think that I just remonstrate with you when I'm fine? Is this an act of arrogance?
Forget it, let’s not talk about it, I don’t know when my soulmate will appear in this world.
"Okay, Duke Liang, so to speak, everything in the Tang Dynasty is booming. Is the expenditure of the imperial treasury still enough?" Li Ke nodded and asked.
"The current expenditure of the court is still sufficient, and the price of food and grass is not expensive. In addition, although the monthly salary of each soldier has increased, the overall expenditure is not large."
"As for other weapons and equipment that take up more funds, because of the relationship between state-owned commercial banks, the expenditures are not much." Fang Xuanling immediately said, although the military will reserve part of the profits when purchasing weapons and equipment from state-owned commercial banks, But this part of the profit is not as scary as the previous ironware facing the market.
Instead, about 50% of the real profits are reserved for state-owned commercial banks.
The reason why there is so much profit is also because the update costs of some iron equipment and research and development costs are taken into account.
Although these commercial banks do not currently spend much on R&D, as time goes by, the commercial banks' R&D will definitely develop gradually.
The official ordnance research institute will soon transfer the research and development of some common weapons directly to these state-owned commercial banks that specialize in the production of weapons and equipment.
"But this year involves a new issue, that is, if the Ministry of Construction invests heavily in building railways, especially as Your Highness said, the benefits from infrastructure construction are very slow, and you are not prepared to make a profit. If we operate the railway, then railway construction will account for most of the imperial court’s investment in the future.”
"Of course, in addition to personnel salaries, most of the railway's investment is also spent on state-owned commercial banks. It is considered a left hand and a right hand, but there must be some losses."
"As for finances, the court's expenditures will soon be unable to keep up. In this regard, I wonder what arrangements His Highness has? Is it to print money directly or?" Fang Xuanling looked at Li Ke and asked.
"It is impossible to print money directly. Money printing must be controlled within a certain range, and money printing must be comprehensively calculated with audits and statistics before printing. If printing occurs inexplicably and randomly, Datang's currency will completely collapse in the future. ”
"If you are short of money, issue special national bonds." Li Ke thought for a while and said directly.
"National debt?" Fang Xuanling and the others were stunned for a moment.
"It means borrowing money from the people of the Tang Dynasty in the name of the imperial court. It can be divided into different periods such as three years ago, five years ago, ten years, etc. In addition, a certain interest is given, for example, the annual interest rate is 5% or It is set at a standard of about 6%.”
"In this case, many people in the private sector should be able to subscribe for treasury bonds. In addition, treasury bonds can be set to be transferable, which allows private parties to trade treasury bonds with each other."
"You can ask Li Yan about treasury bonds. She understands that treasury bonds can also be divided into different types. For example, savings-type treasury bonds are not allowed to be transferred, but they can be withdrawn in advance, renamed, reported as lost, etc."
"Parents can buy a national bond for their children and give it directly to them when they reach adulthood, etc." Li Ke gave an example.
Fang Xuanling and the others were a little stunned when they heard this. The country only borrowed money from individuals, but His Highness seemed to have come up with a brand new method.
"Then if that's the case, what if the court doesn't have enough next year?"
"Continue to publish." Li Ke said matter-of-factly.
"Aren't you afraid that you can't pay it back?" Fang Xuanling and Wei Zheng were both dumbfounded. You can't borrow this thing every year, let's borrow it every year.
"I know what you are thinking, but there is no problem. Just borrow. As long as the country's economic development is good, there is no problem in borrowing. On the contrary, it can speed up the development of the country."
"Don't those aristocratic families like to save money? Isn't it safer for them to bury their money in His Highness than to lend it to the court? Lending it to the court is guaranteed in the name of the court, and there is interest every year. This is a big deal for them. A stable and long-term income." Li Ke said simply.
Although 5% annual interest may not seem like much at all, but think about it, if you save 100 million, it will be 5 million in interest a year. For a company with an annual profit of 5 million, for so many companies in the future, I am afraid They are already in the top one percent.
If you save 1 billion, you will make a profit of 50 million a year.
