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Chapter 491 Preparing the Bank
The influx of a large number of foreign population not only solved the plight of Xueyue Port's labor shortage, but also promoted the economic development of New Moon Port.

Master Hudson's migrant workers did not have much purchasing power, but they brought fireworks.

People come and go every day, and the streets are also prosperous.False prosperity is also prosperity, at least a lot of shops in the city are easy to rent.

Taking advantage of this opportunity, the Ministry of Commerce ended most of the money-losing transactions in its hands, leaving only a few profitable industries to continue operating.

For bulk materials such as grain and cloth, the Ministry of Commerce only provides wholesale, and the sales side of customers that need to be directly dealt with is left to private merchants.

After one increase and one decrease, the financial data of the territory looks much better.Although the deficit remains high, the income column is constantly increasing.

Putting down the official document in his hand, Hudson asked with concern: "How is the matter of inviting the Great Chamber of Commerce to stay?"

In a closed world like the Aslant Continent, the small and medium-sized merchants below alone cannot drive economic development, and large chambers of commerce with monopoly resources are needed to join in.

As a great aristocrat, Hudson can engage in many industries, but there are more industries that he cannot get involved in.

For example: tea, spices, Warcraft meat, high-end weapon manufacturing, financial exchange, magic industry...

Anyone who is monopolized by others and has a high technical threshold is not easy to intervene.Instead of blindly spending money to pay tuition, it is better to find someone to cooperate directly.

It just so happens that Hudson has connections in this area. The mainstream chambers of commerce on the mainland have basically dealt with him, and everyone has a basis for cooperation.

"Duke, we've almost reached the point of cooperation, and most chambers of commerce are willing to establish branches in Xueyue Territory.

Only the issue of financial cooperation encountered trouble.The representatives of the Chamber of Commerce were skeptical about the security of the territories of the nobles in the Near East, and worried that if they granted loans to them, there would be a large amount of bad debts in the future. "

Rudolph's explanation made Hudson frown.

The development of the Near East requires a lot of manpower, material and financial resources. The first two can still find a way, but financial resources are the most troublesome problem for the small and medium-sized nobles.

If they accumulate slowly by their own efforts, they may not be able to develop the territory in 50 years.At such times, financial financing is very necessary.

The banking industry in the mainland of Aslante is underdeveloped, and the lucrative financial loan business is all done by the major chambers of commerce.

Under normal circumstances, noble lords are the best customers.With territorial income as collateral, there is basically no risk of default.

It is a pity that these customers basically do not lack funds.Even if money is tight for a while, everyone will find a way to raise money from the circle, and few borrow money from the chamber of commerce.

"If you can't reach an agreement on financial cooperation, then put the matter on hold. It is human nature to seek advantages and avoid disadvantages.

The situation in the Near East is still unclear, and it is understandable that these people are unwilling to make big bets! "

While speaking, Hudson secretly sighed.

Capital is still in its infancy in the continent of Aslant, and under the control of the great nobles behind the scenes, these guys hate all uncontrollable risks.

It is expected that they will take the risk of losing everything and spend a large amount of money to support the development of the Near East. The success rate is not high.

Hudson had no choice but to choose to contact these guys.The Alpha Kingdom is too poor, not only the government, but also the nobles in the country.

The war has devoured too much wealth, and even the great nobles of the kingdom don't have much food left in their hands.

Hudson's reference template is the royal family.After obtaining a large tract of land, the usual choice is to concentrate efforts and carry out comprehensive development.

However, the progress of the royal family's development of the new territory is far behind Hudson's estimate.

You must know that in order to develop new territories, Caesar IV spends most of his time patrolling various places, and countless royal children are fighting on the front line of development, so the degree of attention can be imagined.

Having enough talent reserves, sitting on a kingdom in hand, and being able to slow down the development progress, apart from lack of financial resources, there is no better explanation.

The royal family with the deepest background has encountered financial difficulties, and the situation of other nobles in the kingdom can be imagined.

Even if you have saved some money in the past, how can a country that has been militarized all the year round be so rich?

It would be nice to be able to take care of your new territory. How can you spare a lot of money and lend it to small and medium-sized nobles in the Near East!

If the funding problem could be solved internally, Hudson would have proposed to the kingdom long ago, why would he introduce these uncontrollable large chambers of commerce?

Now that the attempt fails, Hudson doesn't need to worry about it.The plan to borrow chickens to lay eggs has failed, and there is no hope for rapid development of the Near East, so we can only change our strategy.

It is impossible to build a bank on your own to solve the funding problems in the development process for the nobles in the Near East.

The core problem is still - lack of money!
Hudson didn't even know who to turn to if he wanted to absorb savings.Among the kingdom's customers, apart from some aristocrats with a little wealth, there are only a few wealthy businessmen.

Serfs, ordinary civilians, handicraftsmen, and even some small businessmen are not eligible to be customers.

It's not that Hudson's status is discriminatory, it's that under the existing technology, the cost of playing finance is also ridiculously high.

A small magic crystal card costs dozens of gold coins.If the demand is infinitely large, it may be possible to reduce the production cost.

In the era of pure handmade, only magicians can make products, no matter how to reduce the cost, the price cannot be low.

To acquire users at such a high price, how many transactions must be done to pay back the cost?

Anti-counterfeiting will be the most difficult problem if you do not use the magic crystal card and use a more primitive method of accounting.

If you want to imitate bonds and use magic anti-counterfeiting technology, all tellers must be replaced by magicians. How many magicians are enough?

Even if you spend money at all costs to solve the problem of the cost of acquiring customers, it does not mean that customers will come to your door.

No matter how good Hudson's reputation is, the bank is also a new thing. Unless it is attracted by high interest rates, it will be difficult to absorb enough deposits.

In contrast, the exact opposite is true for loans.A large number of nobles are waiting for the rice to be cooked. As long as the news is released, a large number of customers will flood in immediately, and the bank will be empty in a few days.

"Duke, shall we shelve the development bank project you planned?"

Rudolph asked hesitantly.

For this project, Hudson has been preparing for a long time.The fiefdom of Xueyue Territory has been prepared since it was determined.

The training of employees started two months ago, and even the location of the store has a specific plan.

"The development bank is open normally, but the situation has changed and our plans have to be adjusted.

It was originally planned to cover all nobles in the Near East and Northern Xinjiang, but now we are the only one investing, so the scope must be narrowed down.

For the first round of loan disbursement, we only target the offspring of the clan and nobles who are close to each other.

The loan amount must also be limited, specifically based on the value of collateral and the safety of funds for comprehensive evaluation.

The higher the risk, the lower the collateral discount and the higher the loan interest rate.

However, considering that most of the customers in the early stage are their own families, the loan interest rate is tentatively set at 15%, and it will fluctuate according to the actual situation later.

The total amount of the first batch of loans is tentatively scheduled to be within 100 million gold coins.Considering the difficulty of absorbing deposits, within a short period of time, there will be no goal of absorbing funds.

In the early stage, outlets were opened in Shandiling, Xueyueling and Wangdu. Funds deposited in any store can be withdrawn at other branches without charging management fees.

If you deposit more than [-] gold coins in cash, you will get a Magic Crystal Card as a gift.If the deposit is lower than this figure, the card application fee shall be borne by itself. "

Hudson said without changing his expression.

It is impossible to have interest on interest, and it is because of his conscience that he does not charge management fees.

The newborn banks have high operating costs, and it is not yet time for high interest rates to absorb deposits.

Anyway, there are no competitors, and the Near East Development Bank is the first choice if there is a need for exchange.

Of course, the most important thing is that the reputation has not been established, and the nobles of the kingdom are too poor, even if interest is paid, they can't absorb much money.

The real attraction of NEDB is that it can freely withdraw funds at various outlets, which will save customers a lot of trouble.

After all, carrying a lot of cash on the road is also a risky chore.Being able to avoid the pain of transportation is a dream for businessmen.

It is just a trial operation now, and if the effect is good, Hudson does not mind laying outlets in major cities across the country.

If it can be connected to the whole country, there is a high probability that the liquidity of merchants will lie on the account of the Near East Development Bank, and then start an infinite loop mode.

When the snowball is big enough and the idle funds on the books are properly distributed in the form of loans, wealth will naturally roll in.

As long as the reputation does not collapse, the speed of capital flow is efficient enough. With a principal of 100 million gold coins, it is possible to mobilize tens of millions of funds.

However, if you want to achieve this step, you must also cooperate with local snakes to share this big cake.

……

King Capital Arcane Academy Hudson was staring at Robert who had broken through the sanctuary.

You can hide for a while, but you can't hide for a lifetime.

The debt owed must be repaid after all!

Although their younger generations have already made concessions in the smuggling trade, it does not affect Hudson to settle accounts with them.

The cards of the strong in the sanctuary are only valid in the outside world.When meeting Hudson, it doesn't matter whether Robert breaks through or not.

"Marshal Hudson, don't go too far!
Because of this incident, we are all dead, what else do you want? "

Robert said without confidence.

The "blasphemy" incident was not caused by him, but the fact that the news spread so quickly was also related to their deliberate indulgence.

If measures are taken in the first place, the influence can be suppressed completely.

But people are selfish, and so are the high-level officials of the Arcane Academy.

As the group of people most likely to break through the sanctuary, I don't know how many pairs of eyes are secretly staring at them. It is not so difficult to break through the sanctuary without the sight of the outside world.

The emergence of the "blasphemy" incident is undoubtedly a good opportunity to divert the attention of the spies.Everyone was busy passing the news back, and everyone had a reasonable explanation for their sudden disappearance.

The birth of every strong man in the sanctuary would soon cause a sensation in the mainland, and Robert was undoubtedly an exception.

If he hadn't seen it with his own eyes, Hudson wouldn't even know he had made a breakthrough.

Maybe Caesar IV was kept in the dark, otherwise he wouldn't have mourned Robert so simply and neatly.

After all, the greatest value of a strong man in the sanctuary is deterrence, how can he scare people if he doesn't show it?
It is indeed okay to hide Yin people, but it is not suitable for the current Alpha Kingdom.Surrounded by alien races, what the kingdom needs is strength, strength, and strength.

"Sir Robert, what you said is too much.

As an old friend, I just came here to drop by, and it made me feel like I was going to eat you.

What is not dead, how unlucky!
Could it be that after breaking through the sanctuary, you changed to a new identity, and you didn't even recognize your old friends? "

Hudson said with a half-smile.

He came here today to find fault, and at the same time to find someone to do something.

Although the production process of the magic crystal card is not monopolized by others, all the top forces in the mainland can produce it.

As the third ranked kingdom, the Alpha Kingdom has naturally conducted research in this area, and the technology appeared decades ago.

Like other big forces, this technology has not been promoted, but is only used by several big chambers of commerce in the kingdom.

With Hudson's status, it is not difficult to obtain technology after paying a certain price.

The trouble is that he doesn't have so many workers in his hands!

The few magicians in the territory lived a 996 life just by making magic potions, and there would be accidents if the workload increased.

Considering the demand for magic crystal cards, Hudson urgently needs a group of cheap workers.

"Hudson, stop this trick!
If you really want to visit a friend, you let..."

Before he finished speaking, Maxim stared back.Before he could recover, Bear Stearns stretched out his bear paw and patted him lightly on the shoulder.

After being tossed like this, Robert lost his temper in an instant.Originally, I wanted to invite these two people out, but now I swallowed it back.

Being approached by a sanctuary monster is much more dangerous than having a knife rest on your neck.

"You two come back, haven't you seen a sanctuary magician, it's shameful to make such a fuss!"

Hudson reprimanded pretending to be angry.

Unfortunately, this performance, Robert did not buy it.Don't dare to yell at Long and Xiong, it's because these two guys have no scruples, and they really dare to kill when they get angry.

"Hudson, enough!
If you want anything, just say it directly, don't give me a pass.

Anyway, things have happened, and compensation has been given to you.It is impossible for Lao Tzu to agree to such an excessive request! "

Seeing Robert swearing directly, the anger in Hudson's heart has almost dissipated.

"Robert, am I the kind of narrow-minded person?
This time I came to visit an old friend, I just want you to help me make a batch of magic crystal cards, plus identification equipment.

You only need to let the instructors of the academy control the key processes, and leave the rest to the students.

I have prepared all the raw materials, and as long as the success rate reaches [-]%, it will be considered that I have sponsored a social practice class! "

After listening to Hudson's words, Robert breathed a sigh of relief, and then rolled his eyes.

It's just a batch of magic crystal cards. As for making such a big commotion?
The largest chamber of commerce in the kingdom cannot distribute a thousand magic crystal cards every year. Robert is not worried at all about the size of Hudson's chamber of commerce.

But after seeing the list of supplies, Robert stood up from his seat all of a sudden, staring at Hudson with an expression of looking at a fool.

"Marshal Hudson, the items on the list are enough to make [-] magic crystal cards.

If you have a lot of money and have no place to use it, you can donate it to the academy, there is no need to spend it like this! "

Magic crystal cards are different from ordinary commodities, all of them are customized products.Once it is made, no matter whether it needs so much or not, it can only be digested by itself.

"Robert, you just have to arrange for people to make it. Even if it falls in my hand, I won't trouble you.

Don't worry, it's only 50 copies. When my business opens, [-] copies will be available! "

Hudson said with a smile.

He knows the market potential of this thing better than anyone else.

Not to mention that everyone holds a card, even if every thousand people hold one magic crystal card, the kingdom can digest tens of thousands of magic crystal cards.

The actual proportion of card holders will only be higher. Once the Near East Development Bank is popularized, if you don’t have a magic crystal card in your hand, you will be ashamed to call yourself a nobleman.

Including private businessmen, the entire Northern Continent digested 50 magic crystal cards, which is really not bragging.

As for the promotion to the whole continent, Hudson does not have such a big appetite.

The personal connections are all concentrated in the Northern Continent, and the bank is a place to fight for human resources, so the market is destined to be limited to the Northern Continent.

"impossible!"

"Your Excellency Marshal, there are only [-] students in the academy, even if everyone makes magic crystal cards for you, it will take two months, which will greatly affect the progress of teaching.

If you really force the arrangement, I'm afraid it will damage your reputation! "

Robert decisively refused.

The social practice class is not so practical.

If it's only a few days of delay, he doesn't mind selling Hudson's face, but it will take too long.

The reasons are all there.

The aristocrat's reputation was greater than the sky, and he did not believe that Hudson would use his own reputation for an unreliable business plan.

"There are not enough students in the Arcane Academy, so there is still a Magic Academy!

Bringing the two academies together to organize a magic skills competition, I sponsored the prizes.

One hundred bottles of magic potions to assist cultivation, how to distribute them, you make up the rules yourself.

They are all high-end medicines with no side effects. According to the market price, they are enough to cover the labor cost of making magic crystal cards.

If anyone still scolds me, that's your problem! "

Hudson said calmly.

High-end potions are essentially used to trap local tyrants, and the main thing is-expensive!

A bottle of [-] gold coins is equivalent to a year of self-cultivation for a low-level magician, and it will be invalid when encountering a bottleneck.

It is also effective for high-level magicians, but the higher the cultivation level, the smaller the increase.

There is no way, the energy in the potion is constant.

The cost performance is that there is no cost performance, but this does not affect everyone's yearning.After all, increasing one's cultivation is real.

Ordinary nobles' children would definitely not be able to use it, even if they were big nobles' children, only a very small number of direct descendants would have the opportunity to take it.

For the students who are growing up, this will be the best opportunity for them to distance themselves from their peers.

The prize worth a million gold coins made Robert, who wanted to object, swallow back the words on his lips.

There is no way, it is too much.

If these resources are concentrated on a few people, a few geniuses can be created in no time.

The road to the strong has always been to strive for the first step.

(End of this chapter)