Chapter 629: Everburn (2)
More specifically, these four orders of business were a combination punch that would determine the direction of Everburn in the near future. Thus, without missing a beat, Qin Ye continued.
“This is a good thing!” The older citizens seated far away in a leisurely manner nodded in approbation, “The current City of Salvation-- I mean, Everburn, is a little bit lacking. Even the borrowing of books or loaning of entertainment facilities requires us to place our identification documents as collateral. It’s far more convenient if we have money.”
The older Yin spirits nodded silently to themselves. The monetary system was one of the pillars of social development. Sure, the City of Everburn might not have needed something like this before, but it was simply because nobody had any use for it before. That said, after Qin Ye had managed to glean and gain much for Hell during his few trips back to the mortal realm in the interim. Even though Hell’s specialty products were still the Southsea Huanghuali and the money tree, there were now far more entertainment facilities and amenities to go around than before!
But, without a system of currency, one could only imagine the kind of hassle they would have to go through in order to borrow or loan these facilities from others.
That said, the younger Yin spirits weren’t able to appreciate the implications of the launch of a monetary system. After all, they hadn’t garnered enough life experiences under their belt to understand the importance of a monetary system to a developing city. Thus, they waited with bated breaths as Yanluo Qin went on.
For instance, the first and second orders of business were both of profound significance to any nation out there. However, he didn’t do anything more than skim the surface of these matters because these high-level policies weren’t matters that the common man was able to appreciate. That said, the next order of business was something that was far closer to their heart.
“Hell will be diving straight into an industrial revolution immediately after the upcoming spring festival at the start of the next lunar new year.” Qin Ye spoke placidly, “As most of you are aware, Everburn has just undergone its second great expansion, and has already grown to the same size as the Insignia Province of the mortal realm… Silence!”
Everburn might be a reasonably large city, but it was still small given the sheer number of Yin spirits present in the city. Even though the recent developments in the city had practically given them a complete facelift, they were still faced with the same constraints of several square kilometers of space!
And who knows - perhaps these developments might even spell the incipience of the tourism industries, where Yin spirits could indulge in their wanderlust and scale mountains or conquer the wild, and so on and so forth!
However, everyone soon suppressed their excitement and eagerly awaited what Qin Ye was about to say next, “Everburn won’t be the only city located within Insignia Province. There are bound to be several other satellite cities. The provincial plans will be left in the hands of Mr Gu Qing. Bear in mind that this is a process that could potentially take a long time. After all, there will be a need to first survey the entire topography of the entire province. That said, I can assure you that the expansion works here in Everburn City are of the utmost importance in the entire Hell.”
We’re diving right into the most sensitive order of business now… Qin Ye couldn’t help but draw a deep breath as he continued to pad the ground to soften the impact of the knockout blow he was about to deliver, “Ashmound City located in Eastmount Province will officially commence with international sea trade after the upcoming spring festival. Everburn can expect to see a large influx of crops, agricultural produce, and Yin beasts that can be used to support other industries. Fuelled by that, Everburn can expect a commensurate rise in the speed of its development.”
“After this general assembly, Mr Oda will be leading a special team composed of representatives of Yin Construction together with elite Yin soldiers on an expedition to survey every corner of the netherworld’s Insignia Province to make detailed topological maps. All citizens who intend to set up companies may approach the government to see if they qualify for the disbursement of low-interest loans ranging from 5 to 10 million Hel. Interest rates shall not exceed 0.1%... Silence!”
The Yin spirits were going wild!
What’s most important to a city’s development?
No. It would be governmental policies!
As Hell’s capital, Everburn was naturally given top priority as far as the government’s policies were concerned!
Was there anyone who didn’t have ambition?
Qin Ye could tell that the eyes of the Yin spirits in the crowd were all gleaming brightly. A 50 year old Yin spirit stroked his beard and nudged another old Yin spirit beside him, “Old Li, any plans to revive our old textiles factory? We’ll definitely be able to qualify for the loans given our experience!”
They weren’t the only ones. At least a thousand or so other Yin spirits had their own thoughts. At once, a series of soft discussions blossomed among the gathering of Yin spirits.
“Old Pan, would you be up for a game of chess at my place later? We can also discuss the matter of… the hotel that we’d been talking about for the longest time?” “Oh, I’d most certainly take you up on that offer…”
It took some time before the clamor finally faded away. Even then, Qin Ye could sense that the Yin spirits were all staring intently at him with a renewed glint in their eyes, replete with soft, ragged breaths. It was only then that Qin Ye finally continued, “This is one of the facets of the upcoming industrial revolution. The other facet which is equally as important… deals with the improvement of the citizens’ quality of life.”
This is the most crucial portion… Qin Ye braced himself and deepened his voice, “Since this will be everyone’s first housing purchase, the government shall be offering a 0.05% per annum low-interest loan without requiring any down payment on your part--...”
If the earlier instances of clamor were likened to a missile, then the clamor right now could only be described as a nuclear explosion!
Down payment… loan… Why do these words sound so familiar?
The tiger was finally released from its enclosure!
The entire city of Yin spirits snapped back to their senses within three seconds, and a wave of deafening chatter erupted at once.
“Are there any other requirements before I’m allowed to make a real estate purchase?” “Work… Bloody hell! From today onwards, I swear that I’m going to work the life out of me so that I can rise above the ride!” “Do we need a residence permit? Are there any other special conditions?” “What about Qin Gardens Phase Two? How do we buy it? Or… is it also not for sale?”
It was only then that Oda Nobunaga finally spoke up, “Silence.”
Are you suggesting that… there may come a time when it would?
After all, who knows what the future would hold?!
“Firstly, a single person would only be entitled to one apartment or home. All are strictly prohibited from buying and selling. Anyone caught doing so will have their homes forcibly repossessed by Hell.”
“Everyone, the situation in Hell is different from that in the mortal realm. Back in the mortal realm, each family is allocated one such permit to own public housing. But here, each ghost would be entitled to a home. Work hard for now, and your family members are sure to reap the rewards of your efforts. Rest assured, the prices here in Everburn City will be kept under strict control.”
The Yin spirits were finally appeased after learning of the additional rules and regulations in place.
At the very least, they could tell that Hell’s government was going to prohibit speculative purchases. Each ghost was to be entitled to only one home, and not a single one more. Furthermore, everyone would have to repay their loans.
Want houses?
The Insignia Province was on the cusp of an industrial revolution. But, without any form of motivation or incentives, how long would these works take? This was a pilot programme. It was a pilot test as to how the real estate industry could be launched together with governmental loans to be disbursed in tandem with the launch of the monetary system.
Ashmound City was clearly the only exception to the norm.
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