Back to Ming Dynasty with Industrial Revolution System

Chapter 958 One million taels (six more)

"Statistics from the head office of Bank of Kyushu show that the head office and branches in various places have raised more than 100 million taels in total, and when the branches deliver the registration books to the head office, there are still people investing money in it one after another."

After listening to the report given to him by the president of Kyushu Bank, Chu Yun was amazed at the wealth of the people and the enthusiasm of various capitals.The first fundraising has far exceeded Chu Yun's expectations.

"Should our bank accept only 40 taels of it according to the original plan, and then return the rest of the 60 taels?" The president asked Chu Yun for his opinion.

"Since everyone is full of enthusiasm for the business going to the West, the hospitality is hard to turn down, and there is no need to refund the 100 million taels. This time we will issue 250 million taels of shares, of which the government will issue 150 million taels to raise 100 million taels." Chu Yun Seeing so much spare money gathered, how could they be allowed to leave easily.

"Our government wants to pay 150 million taels?" Seeing that Chu Yun planned to take the 100 million taels of silver in one go, the president was taken aback by Chu Yun's attempt.

If the government intends to maintain control over Western companies, the more money it raises from the private sector, the more money it will have to pay.If the folks pay 100 million taels, the government will pay 150 million taels to gain absolute control.

"But there is no spare 150 million taels of silver at all in the finance!" The president anxiously reminded Chu Yun to pay attention to the fiscal deficit.

Bank of Kyushu is becoming the wallet of the Ministry of Accounts, and the expenditure of the Ministry of Accounts goes to the special account of Bank of Kyushu to supervise the officials of the Ministry of Accounts. Therefore, as the general manager of Bank of Kyushu, he knows that the annual financial revenue is increasing, but the annual financial income Spending is on the rise too!

"Our government doesn't need to really pay, we just invested 150 million taels in name." Chu Yun said.

"It's just a nominal investment of 150 million taels... What if all the investors ask the government to implement the 150 million taels?" the president asked.

"It's very simple. Our government provides organizational strength, technology, machines and even warships. These are intangible assets that can be converted into the silver taels we contributed. The part that is less than 150 million taels is an interest-free loan from your bank. Anyway, this loan is Put it in the bank as a reserve. One million taels of silver is enough for us to produce armed merchant ships and warships." Chu Yun said.

The head of Bank of Kyushu had studied banking numismatics at the Academy of Sciences, and knew what Chu Yun meant, but he didn't expect that Chu Yunkong's tricks with white wolves were one set, and it seemed that he really couldn't refute him. Even Kyushu Bank is part of the state machine.

"However, we can't make this change arbitrarily, otherwise it will cause doubts among the people. We will announce to all investors through newspapers that we originally planned to raise 40 taels of silver, and we will raise 100 million taels of silver. If they know this decision, If you want to withdraw the subscription money, let them withdraw, and if you don’t want to withdraw, continue to follow us!" Chu Yun said.

"Subordinates understand!" Seeing that his boss insisted on retaining 100 million taels of private capital, the president emboldened him. Isn't it just 150 million taels?If something really happened, with the huge deposits of Kyushu Bank, it's not that they are incapable of carrying the matter down.

"By the way, Mr. Junzhu, the dismissal of Da Yuer, the vice president of the Tokyo branch, shouldn't have any negative impact on our bank of Kyushu, right? The situation at the Tokyo branch is quite special..." The president of the Tokyo branch probed to Chu Yun Let's see if the Dayuer incident will affect Kyushu Bank.

As the center of the new financial system, Kyushu Bank's status is getting higher and higher. The president of Kyushu Bank is second only to the minister in the household department, and is on an equal footing with the Finance Bureau, Audit Office and other institutions.The status of presidents and vice presidents of various branches is not low. The dismissal of Da Yuer has caused quite a shock in Kyushu Bank. The rising Kyushu Bank is worried about this matter, fearing that it will affect the entire Kyushu Bank.

"Da Yuer's incident will not affect Bank of Kyushu. She is now supervising the minting of new coins. The minting and recycling of new coins are also the responsibility of Bank of Kyushu," Chu Yun said.

"The mint... what is her current position?" asked the chief executive.

"She is now a member of the Fiscal Policy and Monetary Policy Committee." Chu Yun said.

The current structure of the Ministry of Accounts consists of functional agencies such as the Finance Bureau, the Civil Affairs Bureau, Kyushu Bank, and the Oriental Trading Company. In addition to functional agencies, there are also some committees, such as the Fiscal Policy and Monetary Policy Committee, which specialize in the adjustment of interest, tax rates, public bonds, Reserves and other means to carry out macro-control, which belongs to the advisory body.But such a committee can decide the direction of the country, and the right to speak is not insignificant.

That is to say, Da Yuer was apparently removed from his double status as the vice president of the Tokyo branch and the temporary director of the Dongying branch of the Oriental Trading Company, but in fact he was not blamed at all.

"I will let the people in the mint accept the supervision seriously, and there will be no mistakes. Da Yuer is originally from our bank of Kyushu, so it should be easy to cooperate." The president said.

"I'm relieved that you are jointly responsible for this matter. You can go down and deal with your affairs for the time being." Chu Yun carried out the currency system reform and adopted a check and balance strategy that the Finance Bureau, Bank of Kyushu, and the Fiscal Policy and Monetary Policy Committee are jointly responsible for.

This time, silver and copper coins were minted on a large scale, and almost all silver ingots and broken silver were turned into silver dollars. The huge amount was unimaginable.

In addition to the responsibility of the three parties, it is also necessary to arrange post-inspection inspections by three different departments, the Audit Office, the Supervision Office, and the Intelligence Office.

After the head of Kyushu Bank left, someone from the intelligence department brought Wang Changyuan over.

Wang Changyuan was originally in Edo City, but he was robbed by the Intelligence Department and returned to the capital, and he didn't dare to complain.

This time he was taken to the Military Lord's Mansion, which scared him out of his wits, fearing that something big would happen to him.

"My lord, it's been a long time. I don't know why you are looking for me. If you have something to do, you just need to send someone to send a letter, and I will come. But this time, the people from the Intelligence Department came to the door in person. Let me be frightened, I couldn't even swallow the food along the way." Wang Changyuan frowned.

"Treasurer Wang, we have cooperated for so many years, you should know my temper. Our Kyushu Army works hard to help merchants eliminate all obstacles that hinder free trade. As compensation, merchants should pay corresponding taxes according to law." Chu Yun said.

"That's natural. I have to fill out the customs duty and city tax forms every year, and I will definitely not pay less tax." Wang Changyuan said solemnly.

"However, the intelligence office found out that you missed a 13 taels of tariffs last year." Chu Yun handed a report to Wang Changyuan.

(End of this chapter)