my magic industry

Chapter 206 The National Debt and Parliament
"you!"

Viscount Gladstone patted the table angrily, but was stopped by Earl Cullen who waved his hand:
"Chairman Gladstone, let's stop this matter! Except for His Majesty or the immediate superior lord, no one can stop a lord from fulfilling his natural power. Those dirty rats in the sewer are not worthy of you. angry."

Although those guys are mice, they are also mice of the Eugene family!

Viscount Gladstone just wanted to refute like this, but seeing the calm appearance of the other speakers, especially Queen Dorothea, and the reaction of the MPs in the audience seemed to favor Xia Lin's side, he Suddenly calmed down.

During this period of time, because of the news that under the influence of Charlene Carr, Her Majesty the Queen will formally establish the Chamber of Commerce Alliance as the Imperial Council, enjoying legislative and supervisory powers, Charlene's reputation within the alliance has risen. The nobles' natural recognition of the lord's power, he has lost all support in this round of conflict.

"I see, let's change the topic!"

Viscount Gladstone compromised, but doubts arose in his heart.The cooperation between the New Leaf Chamber of Commerce and the Eugene Chamber of Commerce has been smooth before, and the relationship between the two parties can even be called close. Why does Xia Lin confront him like this now?

"Then let Congressman Xia Lin explain his vision for the Imperial Parliament!"

Queen Dorothea nodded when she saw that Viscount Gladstone had calmed down, and immediately called Xia Lin in the surprised eyes of everyone. The partiality in this statement made many members of the council discuss it, Gladstone The viscount's expression also suddenly became ugly.

"Then the next topic is the subscription of national debt and the establishment of the two houses of parliament that everyone is most concerned about.

Her Majesty the Queen will establish the Imperial Bank with reference to the Union Commercial Bank in the name of the royal family of Ahlika. Ten days later, that is, on March 25, a total of 3.35 gold rents of national bonds will be issued. Subscription of units at an interest rate of [-]% for a period of three years.

That is to say, for every ten-gold treasury bond purchased, after three years, the buyer can rely on the certificate to obtain a profit of one gold-run and five copper bis and a return of ten-gold principal. "

Charlene paused, letting the MPs behind him digest what he had just said, and continued:
"As for the specific structure of the two-house parliament, we will refer to our current coalition parliament for formation, but the parliament will be divided into an upper house and a lower house. The upper house has legislative and veto powers, and the lower house has financial and administrative supervision.

Among the members of the chamber of commerce present, if they subscribed for a minimum of [-] gold renund bonds, they could obtain the status of a member of the House of Commons, and if they subscribed for a minimum of [-] gold ren of national bonds, they could obtain the status of a member of the upper house.

Each house elects a corresponding number of speakers through anonymous voting according to the regulation of 1% of the number of people. The power of the speaker is the same as that of our current alliance parliament speaker. Each speaker serves for three years. Her Majesty the Queen has one vote to veto the bills passed by the House of Lords.

Other specific details have been written in the plan that was just distributed to Members of Parliament. "

The final version of the Imperial Council was not much different from what Xia Lin had previously discussed with Queen Dorothea, but Queen Dorothea had an extra one-vote veto power.

"Three hundred gents in exchange for a useless seat in the House of Commons? This is too expensive!"

"A seat in the House of Lords actually costs 40 gold rents? I'm afraid that apart from the more than [-] large chambers of commerce, not many people present can sit in the House of Lords!"

After listening to Xia Lin's speech, the congressmen in the audience began to discuss in comparison with the plan handed out by the waiter in the opera house just now.

"Don't get me wrong, national debt is also a kind of debt. We don't ask everyone to donate money for free, but it is equivalent to everyone depositing a three-year low-interest fixed-term deposit in the commercial bank of the alliance. It will be returned to everyone with interest!"

Earl Stewart, who was most concerned about the issuance of national debt, immediately got up and corrected when he heard the words below.

"Earl Stewart, even so, the threshold of [-] gold lund is too high! If it is stipulated in this way, many of our members will not even be able to enter the House of Commons!"

Standing up from the audience, a member of parliament wearing aristocratic dress complained dissatisfiedly, and many representatives of other representatives of small nobles and small chambers of commerce also spoke in agreement.

"This point is easy to solve. If you have difficulties in cash flow, you can ask me and Viscount Xia Lin for help.

We don't need an interest rate, we only need some properties and the ownership of the national debt you bought as collateral, and a small condition, we are willing to lend you this fund! "

Ellen Gregg stood up in good time and said with a smile.

Naturally, this was also Xia Lin's idea. After confirming that Queen Dorothea had accepted her proposal, Xia Lin found her traditional partner, Ellen Gregg, for some cooperation.

The development and production of Xinglan Industrial Park has brought huge profits. Even if the New Leaf Chamber of Commerce has invested heavily in infrastructure construction in various fields for half a year, it will still have a surplus of more than 7000 Jinlunt at the end of the year, while the Greg Chamber of Commerce only Focusing on its own development in the textile industry, the current scale is naturally even more different.

Taking advantage of the advantages brought by the new machines, the Greg Chamber of Commerce and many enlightened chambers of commerce in the Textile Guild jointly established more than 50 large and small spinning and textile factories on both sides of the Seine River in Helgana, employing more than five Thousands of employees work for them.

As a result, the cotton, cotton yarn, and finished cloth markets in the imperial capital experienced violent turbulence. The prices of raw materials have been rising all the way, while the prices of products have been falling all the way. If it were not for the power of the alliance to continuously transport raw materials from other places, the products would be transported to the surrounding areas of the imperial capital. Regions, their production cannot continue.

Under such circumstances, the Greg Chamber of Commerce did not dare to continue to expand mindlessly. It could only maintain the current scale and plan to wait for the spring to follow the method provided by Xia Lin when he proposed the agricultural cooperative, and cooperate with some suitable cotton planting companies. Regional manor owners and free farmers signed cotton sales and purchase agreements to expand and stabilize the source of raw materials.

It is also because of this that the nearly [-] gold Rent earned by the Greg Chamber of Commerce in the past six months is nowhere to be used. The cooperation between Xia Lin and them is naturally to use this opportunity to obtain cheap industrial mortgages from the alliance member chambers of commerce. With reference to the rules set by Xia Lin's proposal, Her Majesty tried to occupy as many seats as possible in both houses of parliament, laying a solid foundation for subsequent plans.

As for politics, although Xia Lin is just a kid with a little knowledge of superficiality, under the influence of a few volumes of dragon slaying techniques and the superficial historical knowledge obtained from the forum water friends, his level is better than that of this group of even the parliament. I don't even know the meaning, most of the Union MPs who are still in the era of court politics are much taller.

In this two-chamber parliament, in fact, whoever has more seats has a greater right to speak, and the seats are ultimately a matter of people and funds.

With the help of the Greg Chamber of Commerce, which now governs the textile guild, Xia Lin doesn't need to care about the funds.

In terms of human beings, Xia Lin naturally aimed at the representatives of small chambers of commerce and minor nobles among the 370 six members who could not get seats because of the financial threshold.

Relying on the more than 4000 Jinlents raised by Xia Lin and Greg Chamber of Commerce in the textile guild, it is enough to control at least 34 seats in the House of Lords. According to Xia Lin's estimation, these seats can already account for [-]% of all the seats in the House of Lords. More than [-]%, even if there is no way to completely influence the parliament, it will be a powerful force.

(End of this chapter)