my british empire

Chapter 397 The Royal Navy with a Long Way to Go

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From the point of view of appearance, the currency in front of you looks much better than the currency in the market.

At a glance, you can tell that the quantity is sufficient and trustworthy.

"Sir, what is the silver content of the silver coin?"

"Your Majesty, it's about 50.00%. In the whole of Europe, it can be regarded as a silver coin with a relatively high silver content!"

The so-called silver coins and gold coins are not all forged with gold and silver, but will be added with appropriate other minerals to form alloys.

For example, silver coins, if pure silver is used to forge silver coins, then the silver coins produced are very soft and cannot be circulated.

However, if an appropriate amount of copper is added, the two will form an alloy, which will become hard and easy to circulate and use.

Copper is cheaper than silver, so what the mint earns is the difference.

"Currently, what is the exchange rate between silver coins and gold coins circulating in the market?" Edward thought for a while, then turned his head and asked Sir George beside him.

"Your Majesty, if it is as expected, thirty shillings will be exchanged for one pound!" said Sir George, blinking his eyes.

"32 shillings, I remember it was more than 20 a few years ago!" Edward muttered to himself.

"Yes, Your Majesty!" replied Sir George at once.

"Since this is the case, then if the newly minted gold and silver coins are exchanged, one pound can be exchanged for 24 shillings, and each shilling can be exchanged for twelve pence!"

asked Edward, looking up at Sir George.

Currency exchange ratios can’t be changed however you want, and the cost issue must also be taken into account.

"Yes, Your Majesty!" Sir George bowed his head and made up his mind.

If His Majesty's exchange ratio is followed, the originally estimated profit will be reduced by two layers.

"Your Majesty, if it is 24 to [-], then the mint's profit will be reduced by two levels!"

"Oh? Really! Then do as I say!" Edward waved his hand indifferently and said, "It's just a little profit, give it up!"

"Yes, Your Majesty!"

"How much is it?"

"It's estimated to be around [-] pounds!"

"Oh! Ah~" Edward was a little surprised, two layers of 50, an estimated [-] pounds a year.

But when he looked back, there were more than 400 million people in the United Kingdom, and fifty pounds was not much.

"By the way, the edges of the silver coins are cast into complex jagged shapes as anti-counterfeiting labels!"

Sir George is also a professional. When he heard this, he didn't know what His Majesty the King thought, but this craft is very difficult.

"Your Majesty, at present, the craftsmanship is not up to this level!" Sir George was overjoyed at first, and then said with an aggrieved expression.

"Do you still need me to teach you this? Look for it throughout the United Kingdom, look for it in Europe, and someone will definitely know it!"

Edward looked angrily at this dull Sir. I heard that he came out of Oxford University, so why is he so stupid.

After speaking, Edward didn't want to continue to visit, so he got in the carriage and left.

…………

England, Portsmouth Harbour.

As the headquarters of the English Navy and the naval headquarters of the United Kingdom, it is very lively at this time.

Due to the establishment of the Naval Command Committee, the former Minister of the Navy, His Excellency Vesta Narnia, became the deputy speaker of the committee, including the Minister of Armed Forces, the Minister of the Wharf, the Minister of Finance, and the commanders of the three major fleets. Is a member of the Naval Command Council, directly under the leadership of His Majesty the King and former Lord of the Navy.

Of course, the newly established Royal Navy has added the Ministry of Logistics, the Ministry of Personnel, and the Ministry of Supervision, weakening the Ministry of Finance and the Ministry of Armed Forces.

At present, the entire naval command committee has reached ten people.

"Everyone, these are the regulations promulgated by His Majesty the King, and the responsibilities of our navy after the establishment of the United Kingdom. Everyone, go back and think about it carefully, and don't go beyond it!"

His Excellency the Secretary of the Navy has a serious expression on his face, and his light yellow and slightly curly short hair makes him look so elegant, full of gentlemanly demeanor, and has no military spirit at all.

"Understood, Your Excellency!" Everyone stood up, including the three new ministers, and said in unison.

Although they all joined the Naval Committee, Lord Vesta Narnia still presided over the daily affairs of the committee and still managed them.

"Okay, let's go!" Your Excellency said softly, and then walked out of the conference hall alone.

The others congratulated and congratulated the three newly established ministers. These three were only deputy ministers at first, but they suddenly became equal to them, which was really unexpected.

"Hey! Charles, I hear you've made a fortune recently!"

After the blessing, Colonel James came over and joked to the bronze-skinned Colonel Charles.

"Hmph! My lord baron, it's a great honor to receive your care all of a sudden!" Colonel Charles looked at James' face and said strangely:
"Just don't worry, our Irish fleet is doing well!"

After speaking, Charles turned around and prepared to leave.

Seeing Charles speak in such a tone, such an attitude, James was impatient for a moment, and he quickly chased after him, facing him.

"By the way, my Colonel Charles, don't forget that you have received such a large gift, and I have a share of the credit!"

Seeing James' shameless face, Charles curled his lips, a little impatient.

"Hehe! Thank you so much, my Lord Baron!"

Bypassing him, Charles turned and walked away.

"I will always remember your help!"

"Hmph! Common people are common people, there is no manners at all! Just wait and see!"

James glanced at the back of Colonel Charles bitterly, said a harsh word, and then left.

The entire Royal Navy currently has over a hundred ships.

Among them, there are only three large ships of more than [-] tons, and about [-] medium-sized ships of [-] to [-] tons.

There are more than 70 small warships under [-] tons, accounting for most of the navy.

If you look at the rankings, the world's number one navy belongs to Spain, then Portugal, and then the United Kingdom.

However, the strength of the Spanish navy is still more than ten times that of the United Kingdom, and the United Kingdom is far away and out of reach.

Even the Spanish Armada, which was famous in history, was just a treasure ship conscripted by Spain from the Americas.

The main force in Spain has been fighting the chickens, stealing a line: for the glory of Catholicism.

But it was just the American merchant ships that made the whole of Britain tremble.

Even if the defeat of the Spanish Armada does not mean that the British Navy has defeated Spain.

Instead, Spain can no longer and does not want to attack the British mainland.

On the side, the British won the self-defense counterattack and proved themselves to Spain. If you want to destroy me, you have to break a few front teeth.

The British Navy has a long way to go!

(End of this chapter)