My father is Jiajing

Chapter 364 Business Scope of Beijing Development Bank

After Gao Gong finished talking about the small amount of banknotes that could be exchanged for cash, he also looked around and saw all the people who came to support the opening of the Beijing Special District Development Bank.

Gao Gong then continued, "The small-denomination banknotes are for the convenience of all the people in the Beijing Special District and all the merchants who come to the Beijing Special District to do business. This is also a special favor granted by the emperor and the court. You must know that the production cost of paper money is very high. If it is not made into large-denomination silver bills, it is almost difficult to maintain the cost."

"But His Majesty and the imperial court specially granted this grace for the development of the Beijing Special District, allowing the Beijing Special District Development Bank to produce and issue this small-denomination banknote."

When Gao Gong spoke, people both knowledgeable and unfamiliar nodded in agreement.

The process of making banknotes is indeed an extremely costly investment. If the quality and materials are not selected well, it is very likely that they will be privately made by people with ulterior motives and who are extremely daring and desperate.

Therefore, no matter whether it is a large-scale bank or a wealthy businessman who can only do bank business in one place, they have to invest huge costs on anti-counterfeiting of silver bills almost every year.

Therefore, when Gao Gong said this, they had no objection.

Some even thought that the Beijing Special District Development Bank would definitely lose money if it issued such small-denomination banknotes.

But what they didn't know was that, after discussions and experiments by Zhu Zaigui and a group of craftsmen, the Beijing Special District Development Bank now had the ability to produce a new generation of banknotes with watermarked anti-counterfeiting features, and the paper used was different from the Korean paper used by silver banks and money houses in the mainland.

The new paper used by the Beijing Special District Development Bank is a special paper made by blending more flexible Western cotton and grassland wool. Zhu Zaigui also had people test this kind of paper. Even if it is crumpled or soaked in water, as long as it is spread out flat, it will not stick together or become hard and deformed.

It feels exactly the same as the paper money of later generations.

It’s a pity that in this era there is no way to measure the pH value to detect whether it is acidic paper or alkaline paper.

The anti-counterfeiting technology is also relatively "simple". Currently, it can only produce watermarks. As for ultraviolet anti-counterfeiting, it is still difficult to achieve.

Of course, this does not hinder its advanced nature. The papermaking materials and papermaking technology used in these banknotes are not something that ordinary people can make.

Moreover, anyone who can obtain such papermaking materials and technology would not take such a big risk of making counterfeit money.

Because even if they are made, they do not have the stamping and cutting effects provided by the steam engine to assist in anti-counterfeiting.

Once you get your hands on it, it's easy for people to tell whether it's real or fake.

Therefore, the set of banknotes that Zhu Zaigui has now is at least two hundred years ahead of the previous version!
This two hundred years gap cannot be made up overnight.

Moreover, as these banknotes continue to develop, they will only add more and more complex anti-counterfeiting technologies, making the cost of counterfeiting far exceed the actual face value cost.

Therefore, Zhu Zaigui was so bold as to say that even if he announced the method of making banknotes, no one would be so foolish as to spend more than 100 coins to make a banknote with a maximum face value of 100 coins. Because it was simply not worth it.

But the fact that others could not do so does not mean that Zhu Zaigui could not do so either, because Zhu Zaigui used a steam engine which was more cost-effective and efficient than labor costs. Therefore, whether he was making banknotes with a face value of one cent or one hundred cents, Zhu Zaigui was able to take costs into consideration.

Gao Gong continued, "In addition to this small amount of guaranteed redemption notes, the Beijing Special District Development Bank also has large amount business similar to ordinary silver banks. However, our large amount business is different from the silver notes of ordinary silver banks."

"Large-value silver notes issued by ordinary silver banks are bearer-named, but those issued by the Beijing Special District Development Bank are registered. Therefore, if you want to make large deposits and withdrawals at the Beijing Special District Development Bank, we must verify the deposit note and the identity information of the deposit note holder before you can deposit or withdraw silver."

"Of course, in order to show the complexity of this method, Beijing Special District Development Bank does not charge any interest or fees when making such large deposits and withdrawals. On the contrary, Beijing Special District Development Bank will give the depositor a certain amount of interest according to the amount and time of the deposit."

When Gao Gong said this, it was like an uproar.

The people present never thought that one day when they deposited and withdrew money from a silver bank, they could actually get interest from the bank. You know, in traditional silver banks, they charge interest and benefits to depositors.

Now the Beijing Special Economic Zone Development Bank is doing the exact opposite, which is really unexpected.

Then someone asked loudly: "President Gao, if you give interest, then your bank will lose money, right? How can a business that loses money last long? Moreover, if the losses continue like this, how dare we keep our money with you?"

Gao Gong looked at the man who was asking the question loudly, and he responded in a good-tempered manner: "This boss asked a very good question. These questions are indeed very important. However!"

Gao Gong paused for a moment, attracted everyone's attention, and continued, "But you also need to understand the difference between the Beijing Special District Development Bank and ordinary silver banks. First of all, the Beijing Special District Development Bank is a bank, not a money house. Therefore, the scope of its business is different from that of ordinary money houses."

"In addition to traditional money-banking businesses such as deposits and exchanges, the Beijing Special District Development Bank also provides loan services. The original intention of establishing our Beijing Special District Development Bank was to support the development and construction of the Beijing Special District. Therefore, for any merchant who wants to do business in the Beijing Special District, as long as you have the corresponding credit and collateral, the Beijing Special District Bank will issue you a long-term loan ranging from five to ten years."

"And the interest on these loans is the source of profit for our Beijing Special Economic Zone Development Bank, so you don't have to worry about the profitability of the Beijing Special Economic Zone Development Bank. Because before this, the Beijing Special Economic Zone Bank had already lent money to Shunyi Industrial Park to build a business headquarters in the Beijing Special Economic Zone."

"In the future, all merchants who have business dealings with Shunyi Industrial Park can negotiate transactions in this newly built business headquarters. At the same time, Shunyi Industrial Park will also transfer the light processing industries nearby to the special zone."

"At that time, according to the agreement, our Beijing Special Economic Zone Development Bank will serve as the salary deposit and payment bank for the workers in Shunyi Industrial Park. In addition, all future business dealings with Shunyi Industrial Park will also be settled and audited by Beijing Special Economic Zone Development Bank."

"Therefore, you don't have to worry about the profits of Beijing Special Economic Zone Development Bank. As long as Shunyi Industrial Park exists, Beijing Special Economic Zone Development Bank will always exist. At the same time, I would like to announce here that if your companies need it in the future, Beijing Special Economic Zone Development Bank can also provide you with such services, and will also give you corresponding deposit interest due to your business volume."

"And if you also want to open a club headquarters in the Beijing Special District, the Beijing Special District Development Bank will also issue long-term low-interest loans based on your credit conditions and collateral to help you develop and take root in the Beijing Special District as soon as possible."

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