Kobe Shinden

Japanese: 神戸新田 - かんどしんでん

In the mid-Edo period, new fields were opened on a reed-covered land downstream of the Kiso River under contract to townspeople. The name of the new fields was derived from the surname of the developer. As it spreads out in front of Ootawara Shinden, it is also called Ootawaramae Shinden. Kobe Bunzaemon, a lumber merchant from Nagoya, came up with the idea of developing new fields during the Hoei period as an investment for the funds he had accumulated. He calculated that by investing in new fields, he would be able to amortize the principal and interest in ten years at a 10% interest rate, which was far more profitable than the household loans he was making to senior vassals of the Nagoya domain at the time. Approved in 1707 (4th year of the Hoei period).

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:

江戸中期，木曾川下流の葦生地に開かれた町人請負新田。新田名は開発者の姓を冠したもの。大宝（おおだから）新田の前面に広がるところから大宝前新田ともいう。名古屋の材木商神戸分左衛門が蓄積した資金の投資対象として宝永年間新田開発を思いつく。彼は新田投資をすると金利10％として10年目に元利を償却でき，それは当時同家が行っていた名古屋藩重臣たちへの家中貸より，はるかに有利であると試算している。1707年(宝永4)認可。

出典　株式会社平凡社世界大百科事典第２版について　情報

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