Chapter 182 Low Interest Rate National Loan

Chapter 182 Low Interest Rate National Loan

In the afternoon, the Xinghai City Government did not issue any new notices.

After lunch, Lin Youcai went to the Information Plaza to look around, but he didn't see any new news, so he thought it might not be that fast. He went to the post office to help his daughter and son send their manuscripts to the Qingshui City Newspaper Office.

After sending the manuscript, he had nothing to do, so he strolled around the city and prepared to buy some vegetables before returning to the community. As a result, the road was closed, and soldiers blocked the main road, temporarily prohibiting traffic.

He got off the car and led the mule to look around. After a while, he heard a roar. Lin Youcai thought the sound was very familiar, like the sound of an engine.

Soon, vehicles approaching from a distance proved that his hearing was correct. A green dump truck slowly drove over. It had rained today, so the truck did not raise any dust on the dirt road. Two khaki dump trucks followed closely behind, making a total of three vehicles.

The three cars were all loaded with cement, and the cement dust flew in the wind as the cars bumped. Behind the cars was a team of animals, with ox-carts, mule-carts, and donkey-carts pulling carts with boards on both sides and red bricks inside.

Unable to leave for a while, Lin Youcai sat on the mule cart and ate snacks, watching the convoys transporting building materials back and forth. Full trucks came in, empty trucks left the city, he thought they must be going to the dock to load goods.

The materials brought in included not only red bricks, cement, lime, sand, and tiles, but also huge wooden pillars. Cartloads of wood were transported into the city.

The next day, Lin Youcai went to the Information Square again and saw a new notice, which was all about the rules, regulations and government assistance for people to build houses.

Lin Youcai specifically read the content of the government's assistance, and concluded that the state lends money to people to build houses, with very low interest rates. In the ancient version of "housing loans", the government does not give money directly, but gives building materials, and the amount of building materials used is calculated as money, and the money is repaid every month.

After school at noon, many people came to the Information Square to see if the government had issued any new notices. Most people knew about the government's transportation of building materials into the city yesterday.

The people were shocked to see the state taking out loans.

Isn't this country's loan just usury? People are familiar with usury. Since ancient times, people have to pay interest when borrowing money. The interest has always been 90% out and 13% back. This is the interest everywhere.

No matter which dynasty, the common people always lived a tight life and it was difficult to have a full meal. Every year during the lean season, farmers had nothing to eat, their grain reserves were running low, and new grain had not yet been planted. They could only borrow money to buy expensive grain from grain shops to survive.

Farming depends on the weather. When the weather is bad, the harvest is poor and the people have to pay taxes. There is not much food left at home to survive the winter. It is common for people to sell their wives and children to make ends meet and for families to be broken up.

All year round, money houses, pawnshops, and wealthy families would lend money, with the basic interest rate being 90% out and 13% back. There were also even more unscrupulous loans that doubled the amount of money that was paid out, loans that bankrupted the family overnight, strangling the lifeblood of farmers.

Many farmers became tenants, and many tenants starved to death due to the heavy rent. The number of people who died among the exploited people is incalculable. All the exploited and oppressed people hate this kind of world.

But what’s the use of hatred?

Why has the State of He won the hearts of the people wherever it has been since its founding? Of course, power comes from the barrel of a gun, but more importantly, it provides people with food to eat and a place to live. Although there are many strange regulations and the laws are very strict, the people are not used to it, are very disgusted, and cannot accept it.

However, every household secretly worshipped He Zhaoyu's longevity tablet and prayed every day for the country's invincibility and longevity.

The people living in the territories occupied by the country felt that these were the days when their taxes were the lightest in thousands of years.

He Zhaoyu brought high-yield rice, and the people had a good harvest, with surplus food at home and less taxes. Every family had enough food to eat, and He Zhaoyu asked the government to give the people a lot of work to do, and the government actually paid the people.

In the past, when ordinary people worked for the government, they had to bring their own food. If they worked slowly or poorly, they would be beaten. This was the corvée labor that ordinary people had to go through every year, and countless ordinary people were injured or died from exhaustion.

The common people feel like human beings when they live on the territory of the Republic of China. How can they not be grateful? They only hope that the Republic of China will never fall.

The people's demands were really low. They just wanted to have enough food, a house to live in, and no foreign debt. They didn't care who was the emperor. During the Dahuan Dynasty, they didn't even want to have enough food every day, and it was a luxury not to starve to death.

The Dahuan Dynasty also had a loan policy for the people, such as the Green Seed Loan, but it is known that people who borrowed Green Seed Loans often did not need to borrow. The wealthy borrowed Green Seed Loans from the government, took the money and lent it out at a higher interest rate to increase their wealth.

The poor get poorer, the rich get richer, and the classes are clearly divided.

The common people are naturally wary of the government and will try their best to avoid dealing with the government if possible.

But since the common people have been living under the governance of the government, dealing with government officials has become a common occurrence.

Therefore, the Information Square is often crowded with ordinary people. Whenever a new policy is introduced, ordinary people respond positively. When they hear that a national loan is coming out, they all ask about the details.

These enthusiastic people were not locals in Xinghai City. Xinghai City had only been occupied for more than two months, and the locals were still unfamiliar with the government of China.

Active citizens are those who have lived in other cities of the country for a year or a few months. When new policies are introduced, the government needs population for new cities, some people want to settle down in other places, and some are refugees from other places.

The national loan released by Xinghai City today is aimed at the people who come to settle in Xinghai City to build houses and settle down. The purpose is to enable the people to have a house to live in and live in Xinghai City with peace of mind.

Many migrant workers are orphans, some have no labor force, some have elderly parents and young children, and some are penniless. If the government does not help, it will be difficult for most people to improve their lives.

Of course, if someone violates the laws of the country, does not abide by the rules of the country, or leaves the country and is no longer a citizen of the country, the government of the country will take back the land and houses distributed for free and confiscate all property.

Everyone read the new notice and chatted all the way home. Lin Youcai and his friends returned to Xinghai No. 1 Community and gathered in the yard of Lin Lizheng's house.

Lin Youcai: "You can do the math. If you borrow 1000 yuan, you only need to pay back 2000 yuan in ten years. 1000 yuan in interest for ten years is like nothing!!! 100 yuan in interest a year, some people make more than yuan a day! Such low interest is unheard of. This is because the Japanese government helps ordinary people like us, so we can have such low interest."

Lin Lizheng's cloudy eyes widened and he asked in surprise: "Is the interest rate really that low?!

"It couldn't be more true! Tomorrow morning I will take my temporary ID card and graduation certificate to apply for a loan. I took advantage of the documents I received yesterday and applied right away. The sooner the house is built, the sooner I can move in!"

Zhao Qiang asked in confusion: "Why do we need to get our diploma?"

"You can apply for more loans with a diploma, and they will be approved faster, so we give priority to loans!" Lin Youcai said with a smile, "I want you to study hard, but you always make excuses."