Rise of Australia

Chapter 119 Refinery and Gold (please subscribe!)
Forty-eight pieces of five hundred grams of gold have a total weight of 48 kilograms, or 24 kilograms.

If converted into pounds, the total value of these gold nuggets reached more than 3000 pounds.

Although it doesn't look like much, these are actually only one-third of the daily output of the gold mining area.

In other words, if the output of gold mines keeps growing, new gold mines can earn at least tens of thousands of pounds every day, or at least more than 300 million pounds a year.

According to the division of the gold mining area and the estimation of gold reserves by the industrial sector, the total reserves of this new gold mine are at least 2000 million tons.

This will bring tens of millions or even more pounds of income to Australia, and the speed of income depends on the speed of gold mining.

The size of the gold mine also coincided with the size Arthur expected to issue new currency.

Although plans are already underway to issue a new currency, Arthur did not expect to be able to replace the role of the pound in Australia in a short period of time.

Before the outbreak of the First World War, the British Empire was still the well-deserved first overlord, and the status of the pound was irreplaceable, even in the already independent Australia.

What Arthur can do is to issue a certain scale of Australia's own currency and let the new currency circulate at least within Australia.

Even within the limits of Australia and Oceania, it is a grand plan to have a new currency replace the British pound.

Therefore, Arthur also planned the maximum amount for the issuance of new currency, which is a new currency equivalent to 2000 million pounds.

This is a number determined after careful consideration.If the amount of newly issued currency is too small to circulate in Australia, people will only think about collecting the new currency when they get it, rather than circulating it.

If too many new currencies are issued, it may be able to achieve good results in a short period of time.

Once there are any problems with the new currency, or any external factors reduce people's acceptance of the new currency, it is very likely that the issuance of all new currencies will fail.

Even if it is more serious, it will directly threaten the issuance of the official Australian currency in the future.

After all, once bitten by a snake, you will be afraid of well ropes for ten years.If there is any problem with the issuance of the new currency, people will also bring it into the future issuance of Australia's official currency.

Under the leadership of Adam Root, Prime Minister Arthur and Evan and Minister Pierre finally saw the first batch of gold bars newly extracted from the refinery.

For the convenience of storage and calculation, each gold bar is equivalent to 48 grams, and a total of [-] gold bars are neatly placed in the warehouse.

Although the net worth of Prime Minister Evan and Minister Pierre far exceeded the value of these gold bars, after seeing the stacked gold bars with their own eyes, there was still a flash of fluctuation in the eyes of the two, but soon suppressed by the two.

Of course, Arthur needless to say, as a super rich man with a net worth of hundreds of millions of pounds, this bit of gold is not in his eyes.

The expenditures in Arthur's hands are tens of thousands or even hundreds of thousands of pounds. These thousands of pounds of gold seem to be a drop in the bucket, and they can't make Arthur fluctuate in the slightest.

"Director Adam Root, how much gold can your factory produce every day?" Arthur looked at the person in charge of the refinery and asked.

If you want to issue a new currency of 2000 million pounds, you must have at least ten tons of gold in your hands, and you must be able to ensure that a large amount of gold is mined and produced every day.

Therefore, the speed at which the refinery produces gold also determines the timing of the new currency issuance. If there is not sufficient gold reserves, Arthur does not intend to issue new currency as soon as possible.

"Your Highness, there are many factors that determine the amount of gold production. If we can ensure that enough gold ore is delivered every day, and let the workers work overtime to produce it, we should be able to guarantee a daily output of at least fifty gold bars." Adam Root After thinking carefully for a while, he said.

Indeed, as Adam Rutter said, the production speed of gold not only depends on the refining speed of the refinery, but also depends on the number of gold ore delivered and the number of workers.

"This kind of output is still not enough, at least it must basically match the daily output of our gold mining area." Arthur shook his head and ordered: "Now the output of the gold mining area has exceeded [-] tons per day, and there will be more Continue to increase. Under such circumstances, I hope that the refinery can extract at least [-] tons of gold ore every day, so as not to waste the manpower and material resources we have invested. If you have any problems, you can tell Minister Pierre, whether it is a shortage of workers There is still insufficient equipment, or insufficient space, and it can be expanded quickly. In short, I hope that the refinery can match the mining volume of the gold mining area as soon as possible. Can this be done? Director Adam Rutter."

Adam Root nodded quickly, and said: "Please rest assured, Your Highness. As long as I can provide enough equipment, manpower and funds, I promise to increase the gold production in the shortest possible time."

Director Adam Root knew that Arthur's question did not require him to answer, but to make a firm guarantee.

In the case of providing sufficient manpower, equipment and funds, if the production of gold cannot be expanded smoothly, then Arthur will really have to replace the person in charge of the refinery.

In order to keep his position, no matter how difficult the task was, Adam Rutter could only bite the bullet and take it.

But the good news is that Arthur has guaranteed the supply of equipment and manpower, and there will be no shortage of funds.

It is not too difficult to expand the production of gold under such a premise, at least Adam Rutter is confident that he can do it.

After getting the guarantee from Adam Rutter, Arthur nodded in satisfaction, and ordered: "The production of gold is very important to Australia, and it will be related to Australia's important plan. If we can do a good job of increasing the production of gold You, Adam Rutter, have a lot of credit for this matter. Any problems encountered during this process can be reported to Minister Pierre, and he will ensure the smooth expansion of the refinery."

Adam Root nodded again and again, and respectfully agreed one by one.

The gold bars produced by the refinery will be transported to the royal bank vault in Sydney by one of the few cars in Australia until they are needed.

Naturally, there is no doubt about the security of the Royal Bank's vault, which is even more stringent than the refinery.

The only thing to worry about is the distance between the refinery and the royal bank, but because the accompanying troops are protected by the army, basically there will be no problems.

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(End of this chapter)