Rise of Empires: Spain.

Chapter 128 Cabinet Meeting
Carlo is also paying attention to the Primo government, which has been making constant moves during this period. Although both bills have achieved good results, the promulgation of such bills is bound to cause dissatisfaction among some vested interests.

A single bill may not cause much stir, but when several bills are added together, the impact will be immeasurable.

Fortunately, the second bill had little impact on the nobility. The old-style nobility held a large amount of land, and they had not yet transformed into the new-style capitalist nobility.

The new nobles do not have much money in their hands. At present, they mainly participate in the operation of the Royal United Bank and obtain dividends from the Royal United Bank.

Carlo was willing to go all out to win over these new nobles. The royal family held 75% of the shares in the Royal United Bank, and the remaining 25% was divided among the noble consortium.

The shares of the aristocratic consortium are divided into several parts. If the new nobles want to participate in the aristocratic consortium, they need to spend money to subscribe to the shares of the consortium.

In the future, all investments of the joint consortium will generate dividends, which will be distributed to the nobles behind the consortium according to the proportion of shares.

Of course, in order to prevent some new nobles from not having enough funds to purchase shares in the joint consortium, Carlo also has certain rewards for the new nobles.

For example, all the nobles who were enthroned after Carlo ascended the throne, although they did not have much land, would directly obtain some shares in the noble consortium.

Although the value of the shares awarded to them at the beginning was not too high, with a total value of only a few hundred pesetas, as the noble consortium developed, the value of such shares would eventually rise to thousands or even tens of thousands of pesetas.

After accumulating some wealth, these new nobles can also purchase shares in the aristocratic consortium, increasing their shareholding ratio and naturally receiving more dividends in the future.

Don't underestimate the current small-scale aristocratic consortium.

Royal United Bank has become a giant in the Spanish banking industry, even the Spanish National Bank, which was established at great cost by the government, cannot compare with it.

Of course, the main reason is that the Spanish National Bank started too late. Royal United Bank has become a giant in the Spanish banking industry long before the Spanish National Bank was established, and it has now become the largest banking consortium in Spain.

Compared to Royal Union Bank, Banco Santander is smaller, but compared to other Spanish banks, it is still a giant.

Royal United Bank and Banco Santander are not only the top two banking giants in Spain, but their combined number of users and total deposits also account for about 80% of all bank users and deposits in Spain.

Of course, more than 55% of the 80% are in the Royal United Bank, and the total size of the National Bank's users and deposits is only about 25%.

However, the combined users and deposits of the remaining banks in Spain account for less than 20%. This also shows that the Royal United Bank and the National Bank have formed a monopoly on the Spanish banking industry.

The formation of monopoly giants is a necessity for the development of the times and is unavoidable for every country.

For Spain, it is much better for two giants to monopolize the banking industry than for various small and medium-sized banks to flourish everywhere.

The two official banks will be more supported by the people, and they will also be able to receive more deposits from users, thereby utilizing Spanish private funds to develop the Spanish economy more effectively.

Although the two official banks have more or less selfish desires to develop themselves, they will not back down in the face of the greater good of national development.

If the government is short of funds, it can let two official banks subscribe to government bonds, at least to temporarily alleviate the government's financial crisis. If private funds are scattered among large and small private banks, it will not only be very difficult to pool them, but small banks are also prone to bankruptcy.

Monopoly giants may not be suitable for Spain's future development, but for Spain, which is currently in a state of disrepair, it is the best choice for development.

Spain's development has not been smooth sailing, and the development of various industries will face many problems.

On June 1872, 6, at a regular meeting of the Spanish Cabinet government, the government discussed the current problems facing Spain's development.

Carlo, who had not attended the cabinet meeting for a long time, reappeared at the cabinet meeting and listened to the cabinet's discussion on this meeting.

The reason why Carlo appeared at the cabinet meeting was actually because of the invitation of Prime Minister Primo. Why? Because at present, Carlo is the only one who has extra money to focus on developing certain industries, which is why Prime Minister Primo invited Carlo.

With the help of his maid, Carlo put on the white king's military uniform sewn by the royal tailor, wore the rank of Spanish Marshal, and held the king's customized sword in his hand. After bidding farewell to Queen Sophie, Carlo went to the government to attend the meeting with a confident smile on his face.

It is hard for Carlo not to be confident. He became the king of Spain, a European power, when he was less than 19 years old. Now at the age of 21, he has already gained a certain amount of power. Anyone would have to smile confidently.

The good news is that by the 19th century the nobility and kings had shed the aristocratic robes of the th and th centuries and had adopted more handsome and simple military uniforms.

After wearing military ranks, a series of medals, and tassels, the military uniforms worn by the king and nobles were actually more imposing than the previous robes, and looked more majestic and handsome.

Anyway, Carlo really likes wearing such a military uniform. Except for wearing the king's formal dress on necessary occasions, Carlo prefers to go out in military uniform.

First of all, the uniforms are not so bulky, and secondly, they are damn handsome. As the king, Carlo can also customize the uniforms according to his own ideas, anyway, he can make them as handsome as possible.

Walking into the government meeting room, the cabinet members were waiting for Carlo respectfully.

The moment the guard pushed open the door, all the cabinet members stood up and greeted Carlo respectfully.

Carlo smiled and nodded, then under everyone's gaze, he walked to the top seat at the conference table and sat down slowly.

No matter who is the boss of the government, as long as the king attends government meetings, the most powerful position must be reserved for the king.

After all, the king is theoretically the supreme ruler of a country, and even the current Spanish government has to serve the king.

Power is power, status is status, they are different.

After everyone arrived, the cabinet meeting officially began. As the leader of the government, Prime Minister Primo of course had to lay a topic for discussion for this cabinet meeting.

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(End of this chapter)