Chapter 33 Banquet(2/2)
Calculated based on the annual interest of one penny for three years. Since it is not mentioned, there should be no compound interest. The income of the 500,000 bond is 50,000 in one year and 150,000 in three years.
It is better than putting it in a storage bag, and it can be transferred. As long as the chicken country has not been defeated, this bond can basically be used as money.
Of course, there are still risks. The value of bonds, similar to banknotes, all depends on market confidence. If the enemy is defeated on the front line and advances to Maple City, the war bonds will probably become useless paper.
With Zhang Cheng here purchasing one percent of war bonds at a time, big businessmen who originally wanted to buy less also gained more confidence.
Dozens of big businessmen gathered here to subscribe for war bonds worth nearly 20 million gold coins.
How much the Prime Minister's noble family sold is unknown.
However, as other small and medium-sized nobles and churches also purchased some war bonds, the war bonds of 50 million gold coins were sold out in a few days.
This is also the positive market reaction brought about by the frontline's continuous victory in regaining its homeland some time ago.
Zhang Cheng bought the bonds first, and the next day people came from the Prime Minister's Office and the National Bank, bringing bonds worth 500,000 gold coins and taking away 500,000 gold coins.
After taking the bond, Zhang Cheng couldn't help but become more concerned about the war. In the daily newspapers, he read news related to the war first.
Now that I think about it, the war bonds issued this time also tied the country's big merchants, nobles and churches to the chariot of the Chicken Kingdom. If the war fails, everyone will lose.
When these transferable war bonds spread to more investors, small and medium-sized merchants, factory owners, and the wealthy middle class will also be tied to this tank.
No wonder this Marquis Franco seems to be a stickler for the past, but who can be a fool to be Prime Minister?
It's a pity for Zhang Cheng that although there are banks in various countries now, they don't have modern banking systems. Otherwise, you can really speculate in bonds at home. If you can use bank leverage, it will be even more exciting.
Today's chicken country is so backward that it doesn't even have a bond trading center. I heard that several tea restaurants and coffee shops in the West District have now become temporary bond exchanges. However, these bond transactions are small-scale transactions, and they are also
Not fixed.
That is to say, it can meet the needs of some wealthy rural people who bring money into the city to buy bonds for investment.
For rural wealthy people, the best investment is land. However, most of the kingdom's land is actually owned by nobles and kings, and the church also accounts for part of it. Even if these people lack money to sell land, they still buy and sell it in the inner circle.
Chapter completed!