Back to Ming Dynasty with Industrial Revolution System

Chapter 947 Establishment of Western Company
"I'm not the biggest businessman in Fujian, but I'm willing to pay 3 taels of silver to buy a 3% stake in a Western company." Li Jinde listened patiently to Chu Yun's explanation, and directly offered [-] taels of silver to buy it. shares of Western companies.

Regardless of whether Chu Yun's proposal to establish a Western trading company would go bankrupt, Li Jinde chose to support Chu Yun with all the money he could mobilize.He knew that if he had the opportunity to follow Chu Yun, even if the Western Trading Company went bankrupt and had nothing, he would not be treated badly as a supporter of him.

"The first batch of raised funds of 100 million taels of silver is only the initial capital, which is used to transform armed merchant ships, build frigates, and supply ships. It may take one or two years to form the first batch of fleets to the West. At that time, we will transport The first batch of goods will go to Xiyang, and we will need to raise more silver taels to build factories and warehouses in Xiyang,” Chu Yun said.

"Isn't one million taels of silver enough to support all the expenses of going to the West?" Li Jinde was surprised at Chu Yun's ambition.

This Western Trading Company, which has not yet been established, needs to raise 100 million taels of silver for the first batch of funds. According to Chu Yun, the second batch of funds will be raised before preparing to go to Western Ocean. It is the second one million taels.

"We want to occupy the Xiyang market as soon as possible, so we must show our financial strength to the other party in one fell swoop." Chu Yun felt a little guilty, and could only make the pie of Xiyang Trading Company as big as possible, because 3% of the shares subscribed by the government were not used. The shipbuilding factories used the funds raised from the public, and the [-] taels of silver provided by Li Jinde will become part of the armed merchant ships and ironclad ships of Western companies.

"I understand that when the time comes, I am willing to act as a pawn and go to the Western Ocean in person." Li Jinde is full of expectations for the Western Trading Company.

It can be said that there is no precedent for a company worth several million taels upon its establishment.

At this time, Li Jinde has not yet realized how terrible the 3 taels of silver he invested will become in the future, and Li Jinde will become one of the richest businessmen in China in the future by virtue of this share.

"We chose to establish a stronghold in the city of London, just like Nagasaki and Yokohama in Japan, and trade with Spain, Sweden, the Netherlands, France, Russia and other countries with the city of London as the center. Our products are produced because of the use of large machines , cheap and good quality can quickly seize the local market. Except for the cooperation agreement between Britain and us, don’t be too polite to other places, completely smash their local handicraft workshops, and let them see the power of big machines.” Chu Yun. Unfold a map and point to where the City of London is located.

"The reason why I chose to cooperate with Britain is not only because you happened to bring the British envoys back, but also because of their excellent geographical location. The three islands of Britain are separated from the mainland and have a bird's-eye view of the entire Western Ocean, and they are located on the sea route from the Western Ocean to America. Early Decades ago, they frequently plundered Spanish merchant ships bound for the Americas. If we centered on the city of London, we could not only infiltrate the European continent, the Mediterranean Sea, but also touch the east coast of America.”

Li Jinde nodded frequently. After he had an accurate map, he could clearly understand Chu Yun's words: "There are many pirates in the West, which may hinder our merchant ships from going to the West for trade. I heard from local sailors that Barbary pirates, Ottoman pirates , Dunkirk pirates, Ostend pirates, etc., there are pirates almost everywhere, and even armed merchant ships will raise the pirate flag when they reach the open sea, and rob other merchant ships. There are also many pirates in America, such as Pirates of the Caribbean..."

"It seems that you have already learned a lot about the situation over there. The local pirates are unhindered. Even the navies of Western countries are unable to completely wipe out them, because sometimes they cannot tell where the pirates come from. In order to protect our merchant ships, the West The company must have a strong escort fleet." Chu Yun was quite troubled by the pirates flooding the western ocean, if there were no such pirates, the cost of sending warship escorts would be saved.

"It's no wonder that Western trading companies have to raise such a large amount of funds. The cost of building a trading fleet with self-protection capabilities is too high, which cannot be achieved by a single businessman or a few businessmen." Li Jinde said.

Don't look at how generous he can spend 3 taels of silver, but it's not enough to invest this silver in the construction of armed ships and warships.

"Our Admiralty needs to maintain the normal operation of the three fleets. We don't have extra finances to build new fleets for Western companies. We can only rely on financing to build ships. If you want to go to the West to make money, you need to invest, otherwise the waterway will be unsafe. Not only pirates, but the Spanish navy and the Netherlands navy, who have made enemies with us in the South Seas, may not be happy to see our fleet go to the West. All businessmen who want to go to the West to do business must group together to go there for trade .” Chu Yun said.

Li Jinde said in awe: "I am willing to lobby other maritime merchants to buy shares in the Western Trading Company and go together to open up the Western market."

"I'm not worried that no one will buy the shares..." Chu Yun said.

"That's right. Recently, many big businessmen have emerged in China. Even if each of them pays a few thousand taels of silver, they can take [-]% of the share of Western companies." Li Jinde realized that he was a little unfounded. When the news was announced, naturally a large number of businessmen came to send money.

"We also need to establish supply stations on the way to keep the waterway open. Guangzhou, Malacca, Mumbai, and the Cape of Good Hope will become the most important supply stations on the route. Malacca is in our hands, and Mumbai has The British East India Company, we are their largest shareholder, will soon be able to take over their stronghold in Mumbai. As for the Cape of Good Hope, no country has established a permanent stronghold there, and we want to take it down easily." Chu Yun said seriously Plan how to control this east and west sea route.

"I don't know what else I can do to help the military master besides subscribing for [-]% of the shares?" Li Jinde asked seeing that Chu Yun had already considered the general policy.

"You still want to become a legend of the sea and encourage everyone to go to the west to open up markets." Chu Yun said.

"I became a legend of the sea?" Li Jinde was stunned.

"Later, the Kyushu Newspaper will conduct an exclusive interview with you and publish your story in the newspaper, so as to convince the common people that there is wealth that can be easily earned overseas." Chu Yun was right, there are markets with hundreds of millions of people overseas , silver mines in the Americas, gold mines in South Africa, oil in the Persian Gulf, fishing grounds in Newfoundland... these are enough to make people crazy.

(End of this chapter)