Chapter 76 Royal Bank Opening (First Order Request!)

On February 17, 1901, a street in Sydney was full of people, and they were all looking forward to it.

People smiled one by one, and sometimes looked at the government and Arthur with gratitude.

In front of the crowd, a building was simply renovated and hung with the sign of the Royal Bank of Australia, and officially opened today.

The simple opening of a bank could not attract so many people to come and watch and support. What really attracted these people was a policy issued by Arthur along with the opening of the bank: all Australian families can unconditionally borrow up to 200 pounds from the Royal Bank, and can use their own assets to mortgage loans of up to 1,000 pounds.

The maximum loan amount that each household can obtain is 1,200 pounds.

Even if this amount of money is placed in the rich and prosperous British Empire, it is a deposit that only high-income families can afford.

For some people, this deposit is likely to change his fate and become a small entrepreneur, or even the capital for the rise of a business star.

Of course, for most people, being able to use this money to buy more land, increase their family income, and improve their lives is the best result.

Because the interest rate of the loan is very low, it is not even worth mentioning. Therefore, many people have the intention of borrowing a sum of money.

At ten o'clock in the morning, in the respectful and enthusiastic eyes of the crowd, Arthur came slowly in a carriage, followed by Butler Hunter and several guards.

With the arrival of Arthur, the scene gradually began to quiet down, waiting for Arthur's speech and actions.

Arthur came to participate in the ribbon-cutting ceremony of the opening of the bank, but before the ceremony, various speeches were naturally inevitable.

After Butler Hunter introduced the role and goals of the bank, Arthur's speech followed.

The content of the speech was very simple. In addition to introducing the purpose of the loan, it also encouraged Australians to work hard to start a business and struggle.

Although the content of the speech was simple, it still attracted a lot of welcome and shouts from Australians.

The reason is nothing else, it is precisely because of the reputation and popular sentiment in Australia.

Afterwards, with the completion of the ribbon-cutting ceremony, the Australian Royal Bank officially opened.

Afterwards, in a tense and orderly queue, the crowd entered the bank one after another, asking questions while handling business.

Fortunately, the Royal Bank will only open in the capital Sydney in the short term, and branches in other states will not open until next month or even longer.

This also greatly alleviated the bank's funding problems. Although the crowd of onlookers seemed to be large, many people were still hesitant about the loan, and only a few had really confirmed the loan.

Arthur specially prepared 5 million pounds in cash for the opening of the bank, which now seems to be completely sufficient.

After all, most ordinary people, even if they have confirmed the loan, are likely to choose unconditional small loans.

Except for a few people who are really confident that they can rely on opportunities to rise and develop industries, others are unwilling to take on huge loans.

In addition to the loan business that is more popular with ordinary people, there are also some people who come for the bank's savings business.

This includes many officials and big households, and cabinet officials are naturally no exception.

Under the leadership of the experienced Prime Minister Evan, the cabinet ministers took out their own funds and deposited them in the bank. Some ministers with more wealth even directly deposited huge sums of tens of thousands of pounds.

This is actually not surprising. The previous prime ministers were all political tycoons who grew up from senators. They were naturally recognized by Queen Victoria for being granted the status of prime minister of the colony.

The governors and prime ministers of the colonies were actually equivalent to the frontier officials, and they were also able to cover the sky with one hand in the colony.

Although they could not have military power, they had enough political power. In addition to various welfare policies from the UK, the annual income of these prime ministers was very high, at least thousands or even tens of thousands of pounds, and even tens of thousands of pounds.

Therefore, when they took out tens of thousands of pounds to deposit, they did not even show a trace of pain.

For them, compared with the ten thousand pounds, being able to make Arthur happy and support Arthur was the most important thing.

Compared with the previous prime ministers, the funds taken out by other ministers were somewhat dwarfed, but there were also thousands of pounds.

But this is the normal situation. According to the income of Australian cabinet ministers, in just six months, they can only barely have a deposit of one thousand pounds.

Compared with the loan business window, the number of people queuing at the deposit business window is pitifully small.

It's not that Australians are unwilling to deposit money in the bank, but most Australians don't have any deposits, and there is really nothing they can do with an empty wallet.

After inspecting the bank for a while, Arthur returned to the manor. Although the opening today will be relatively more people.

But in fact, most Australians will carefully consider before deciding whether to take out a loan, so the busiest time should be a few days later.

Arthur was not in a hurry, but just told Butler Hunter to carefully review and treat each loan deposit business, and organize it into a detailed report.

On February 25, after a week of operation, the Royal Bank successfully became famous in Australia, and to a certain extent attracted many people from other states and cities to go there.

At the same time, Butler Hunter had also completed the business summary of the Royal Bank in the week before its opening, and submitted the report to Arthur.

I have to sigh at the poor poverty of Australians. From February 17 to February 24, for a full seven days, the Royal Bank handled a total of more than 2,900 businesses.

Although it looks like a lot, in fact, more than 2,800 businesses are loan businesses, and there are only more than 100 deposit businesses.

You know, this is data born with the support of cabinet members and some officials.

If the support of these officials is subtracted, the number of depositors may be even smaller, and the amount is even less likely to reach 90,000 pounds.

Compared with the deposit business, the loan business is much busier.

There are more than 2,800 loan businesses, of which more than 2,300 are unconditional loan businesses, with an average loan of 80 pounds per household.

The remaining more than 500 loans are families that have unconditional and mortgage loans. Because of their different properties, the amount of their loans is also different, but basically more than 400 pounds.

It's on the shelves! Please order first! In addition, I wish everyone a happy new year, a new year, a new journey!