Chapter 123- Making Plans For The Bank
After making their way in through the entrance of the bank, they came across a huge lobby. In this lobby, a lot of virtual screens were displayed everywhere. Cheng Yang knew that these virtual screens has a function equivalent to those of atms before the end.
In addition to these virtual screens were also several luxurious decorated offices placed in the middle of the lobby.
Cheng Yang pointed to the office in the middle and said, “Wang Lu, that will be where you’ll be working in the future.”
Wang Lu briskly walked in the office. The office has an interior design similar to a modern day office, except for the fact that there wasn’t a single piece of electrical equipment inside. Only a beautiful tinted virtual screen could be seen laying on the desk.
This virtual screen contained a lot of permissions and setting options, which Wang Lu could modify to her liking. However, after the basic content was set up, it would need to pass through Cheng Yang to be approved.
However, Cheng Yang didn’t need to be in the bank to do this, he was able to do all this from the comfort of the territory altar. Because for all the buildings in the territory, there was a special exclusive panel that Cheng Yang could used to check on them at the territory altar.
After Wang Lu familiarize herself with the environment, Cheng Yang said, “In a bit, I will give you 70,000 points of power value to open up the loans for everyone. You can set the maximum amount that each person can borrow per day by their daily income. Also the total loan should not exceed two day’s worth of a person’s income. The loan repayment time should also not exceed 10 days. After you submit it, I will approve it immediately.”
Wang Lu nodded firmly and asked, “What should the interest be?”
Cheng Yang pondered for a moment, then said, “Let the daily interest be 1%. If this is the first time a person borrow and the generated interest is less than 1 point of power value, set it at 1 point of power value in the account.”
“Isn’t this a bit high?” Wang Lu asked.
Cheng Yang replied, “It isn’t high at all. It’s likely to increase even further in the future. At that time, we will also have different loan rates for different groups of people. After all, unlike peacetime, the death rate is much higher than before the apocalypse. As such, it’s inevitably that there will appear dead accounts, so the risks the lender need to take is awfully large. In the future, 5% interest rate should also emerge.”
Wang Lu instantly realized what Cheng Yang meant, then she suddenly asked, “But lord, what if someone renege on their loans?”
Cheng Yang smiled and said, “That won’t happen. The reasons why I had this bank built before opening up the lending business was because I want to make use of the gods’ rules to help manage it. Because anyone that borrows money from the bank is tantamount to signing a contract under the supervision of the rules. As long as the specified time in the contract is reached, the power value in their personal account will automatically be deducted regardless of whether they like it or not. If the person died, then their account balance will be first used to repay the debt. Regardless of who the borrower is, this rule will remain valid.”
Wang Lu was extremely relieved. After all, if the bank had too many dead accounts, then it wouldn’t matter even if the interest was higher.
Cheng Yang continued, “Moreover, the bank still has a depositing service. The interest rate for this will be temporarily set to 0.1%. However, I reckon there shouldn’t be many people that would use this service at this time.”
Wang Lu nodded her head. Concerning the power value that circulated in the territory, she noticed that each people’s daily income was barely enough for their own usage. There was basically no power value to save. Of course, Cheng Yang was an exception. The amount of power value he currently possessed was enough to scare a lot of people.
At once, Cheng Yang transferred 200,000 points of power value from his account. This sum of money was naturally taken from Yuan Jianze when he visited the main city.
Seeing the bank account instantly appearing a huge amount of power value, Wang Lu was startled. A moment ago, she heard Cheng Yang said that he would turned over 70,000 points of power value, how did all of a sudden it became 200,000 points instead?
Cheng Yang noticed the doubts written on Wang Lu’s face, he chuckled, “This 200,000 points of power value is what I put into my deposit account. You just need to pay me 200 points of power value each day. The power value I previously mentioned was the territory power value, which belongs to the funds of the territory. The money earned from the bank is also used to increase the funds for the territory.”
Wang Lu immediately understood. At the same time, she was shocked by the speed at which Cheng Yang earned his power value.
Soon after, Cheng Yang left the bank, leaving Wang Lu behind to manage the bank.
When Cheng Yang came to the altar again, he transferred over 70,000 points of power value from the territory to the bank, bringing the total amount of power value of the bank to 270,000 points.
Cheng Yang made a simple calculation in his head. If these power values were all lent out and didn’t include the dead accounts, the territory would would generate 2,700 points of power value for the territory each day. Of course, after deducting the amount for the interest on Cheng Yang’s account, as well as a possible portion for the dead accounts, this should settle to around 2,000 points.
However, all the professions in Luo Feng Village at the moment were in the army and under such a unified operation, Cheng Yang has always insisted on suppressing his opponents with absolute force. In addition, Luo Feng Village also had priests and potions to help support the professions, so the number of casualties has been extremely small. As a result, the gains were infinitely close to 2,500 points.
This was certainly an effective method to increasing the power value of the territory, which was equal to the professions donating to the territory but also bring benefits to both parties. However, if a profession wants to improve their contribution, they must contribute to the territory by donating or through other means.
There were currently over 110,000 points of power value in his personal account, plus the 10,000 points he lent to Liu Hao and the others to open up four times cultivation speed, the total number was close to 130,000. Cheng Yang didn’t intend to put these power value into the bank. Since he has to rely on these power value to open up eight times cultivation speed for himself.
In the following four days, Luo Feng Village has been developing smoothly step by step. Even though the village didn’t increase in profession, but there was a dramatic leap in strength.
First of all, among the approximate 2,000 professions in the territory, a significant proportion of the first batch of transfers has risen to first medium-order. This figure was close to 100 people. All of these people without exception were either the head or vice-captain of their group. As for smaller group leaders like squad captain, none has yet to upgrade to medium-order.
It wasn’t that their power values were not enough to support higher cultivation speed. The main reason was that these men didn’t have enough power value to open up four times cultivation speed earlier than the others.
However, this situation has started to get better. Everyday they would put their power value into the team’s public account, which would then be assigned to people by the various team captains after receiving instruction from Cheng Yang. Then by taking the same approach as Cheng Yang, every 5 people would scrape together 1,000 points, and then alternate among themselves opening up four times cultivation speed.
In this way, almost half of the profession could open up four times cultivation speed. However, the majority of the professions of the territory at the moment couldn’t obtained enough power value to meet the consumption cost of four times cultivation speed. At such a time, the appearance of the bank certainly helped.
The 1% interest rate wasn’t high for these people. They were well aware that these power values that were borrowed could help them upgrade a day in advance. This additional day was more than enough to return the interest owed. Moreover, by opening up four times cultivation speed, its role was more than letting them advance a day ahead of time, but rather two or more days.
Without doubt, the operation of the army system as well as the usage of the bank has fully invigorated the economy of the entire village, maximizing their roles to the peak. Coupled with these subsequent three days of collecting 300,000 points of power value from Yuan Jianze, the capital of Luo Feng Bank has become extremely rich.
In addition to this, after the army distributed the daily salaries and public expenses to the soldiers, the power value remaining was still 50,000-60,000 points which Cheng Yang had put all into the bank. As a result, the capital in the bank has nearly risen to 800,000 points of power value.
Of course, it would be a big mistake to think that cultivating an army was a good way to earn power value based on this data.
These power values that was now given to Cheng Yang has not subtracted the expense for the equipment and the pension for the deceased soldiers, as well as other good things that would emerged later on.
The expense for the equipment needed for the soldiers was a very costly matter for the village. If you want to equip a soldier with a complete set of black-grade apprentice equipment, this purchase would cost nearly 1,000 points of power value. If it was bronze-grade, this price was even more expensive.
Regarding the the deceased soldiers’ pension, the importance could be high or low depending on Cheng Yang’s attitude. However, for people that was willing to fight for the territory, Cheng Yang wasn’t going to be cold. Therefore, Cheng Yang has adopted a preferential policy for the deceased soldiers. Fortunately, the number of deceased soldiers killed in Luo Feng Village so far has not exceeded 10. Moreover, these people that died were basically those that had just transferred and didn’t had much combat experience. As such, according to the recently established pension policy, not much compensation were needed to be paid out by Luo Feng Village.
As for the items that would emerged later on that could improve strength, it was like a bottomless pit. Who knows what would appear in the future, and how much the consumption would be needed. Therefore, it was certainly necessary to accumulate a certain amount of power value now. [TLN: He is talking about items found in the wild, and paying the person that found the item a certain amount of compensation to give it to him and the territory.]
Obviously, these past four days’ gains was more than just this. For example, the amount of wood accumulated these days has exceeded 7,000 cubic meters, while the stone has also reached 5,000 cubic meters. However, if these woods were to be used to build the last building, the level 3 walls, it was still slightly inadequate. As for the construction of the road from Dongshan Village to Luo Feng Village, this 5,000 cubic meters of stone was merely a drop in the bucket.
In addition to this, the development of the two affiliated stations was also in good order. Both Xianghe Village and Dongshan Village were able to upgrade to level 3, and the profession statues was about to hit level 4.
Presently, these two villages has already reached 800 professions, which was a relatively powerful force.
However, if he want to upgrade the affiliated stations to level 4, it wouldn’t be easy. It wasn’t an easy task to cultivate three second early-order professions.