Chapter 36 (2)

Chapter 36 (2)

The only reason I can act as the lord here is because I own this land. If I use this land as collateral and happen to lose it, do you think I can continue my lordship on this land?

Can't put up the land as collateral?

Then, it's just a matter of securing collateral with something else.

Or you can use this year's harvest produced in this territory as collateral.Th.ê most uptodate novels are published on n(0)velbj)n(.)co/m

Use this year's harvest as collateral?

Yes, I think a loan would be possible with that as collateral.

He had been receiving a certain amount of harvest from the peasants as a tax substitute.

Securing collateral with that was no different than reducing the tax revenue collected within the territory.

Tsk You only want difficult things, don't you?

Lord, we must secure something as collateral to be able to lend you the money you need, right?

Carter did not join the conversation at this point, but he secretly supported Rockefeller.

Perhaps Rockefeller was the only resident of the territory who could push the lord like this.

He's really good at what he does.

Even if he was a lord, he couldn't control a pawnshop owner who was doing business on his own land.

They had formed a 'Pawnshop Alliance' to collaborate and confront any lord who harmed them or caused them disadvantages.

I can't do anything about those damn pawnshop alliances. If it weren't for them

If rumors spread incorrectly, he would not be able to trade with any pawnshop owners in the future.

The royal family, which had a deep relationship with the Pawnshop Alliance, was also a problem.

Since there were many cases where urgent funds were needed while managing a territory, it was necessary for the lord to somehow compromise with the pawnshop owners, who were essential.

Hmph! Fine. But I can't use the land. However, I will allow you to use this year's harvest as collateral. How much can you lend if you use this year's harvest as collateral?

If you only use this year's harvest as collateral, a maximum of 4,000 Dalants seems possible.

Is that all?

This is considering the promissory note you've given us. With just the harvest alone, 2,000 Dalants would be the limit.

With those promissory notes, I can exchange them for gold coins at any time, right?

Rockefeller opened his mouth with a faint smile.

Of course. You can exchange them for gold coins whenever you want. That's why these convenient promissory notes are good in many ways.

The lord thought for a moment and then spoke again.

Fine. But break the promissory notes into smaller denominations of 100 Dalants each. That's more convenient for transactions.

Yes, then I will issue them in smaller denominations for your convenience.

Since the nobleman had his land as collateral, Carter was able to bring a high-ranking priest from a nearby parish as a witness to this transaction, and thus, Carter's pawnshop was able to lend 8,000 Dalants, which they didn't even have on hand, to the lord with his land as collateral.

After the transaction was over and the store quieted down, Carter expressed his concern.

Won't there be problems?

From Carter's point of view, lending money that wasn't in his possession would naturally cause problems, but Rockefeller didn't think so at all.

Why?

'There's already a proven world out there.'

Absolutely no problems will arise. Trust me.

Instead.

And we will receive 480 Dalants, which is 6% of the 8,000 Dalants, as monthly interest income from the lord. And this will amount to 5,760 Dalants in a year. The money we had on hand was only 2,500 Dalants, but after a year, it will become 8,260 Dalants. That's because we've earned interest from money that didn't exist.

Is that much? I've worked all my life and held only 1,000 Dalants in my hand, but you're saying you'll make that much in just one year?

The corners of Rockefeller's mouth stretched long.

Carter, sir, money is, well This is how you make it.

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