Promulgation of the Green Sprouts Law

Timeline

1. 1069Bianjing · Kaifeng CityIn the ninth month of Xining 2, the Bureau for the Regulation of the Three Departments formally promulgated the Green Sprouts Law: using ever-normal granary purchase funds as green sprouts money, distributed to households with a two-tenths interest charge, disbursed in spring and collected in autumn; borrowing households were ranked into five grades by assets, grouped in groups of ten as mutual guarantors checking one another.
2. 1069Prefectures and counties across Northern Song circuits · ChinaAfter the Green Sprouts Law was promulgated, circuits began disbursing green sprouts money, aiming to curb land annexation and aid the common people; but in implementation there were deviations such as forced allocation and high interest, and Old Faction figures like Sima Guang and Han Qi fiercely opposed it, intensifying the New-Old Faction struggle.