Xinshun 1730

Chapter 929 Awakening ([-])

Qi Guogong knows that Liu Yu will not be able to leave for a while, he wants to finish the accounting problem here, and then go back with the profit of the emperor's internal investment.

However, Qi Guogong also has a batch of silver that needs to be brought back, which is the first national bond issued by Dashun in the Netherlands, called the Huaihe Water Conservancy Construction Bond.

The annual interest rate is 6.5%. Since the emperor of China or the six cabinet governments borrowed money, the image of China's prosperity in Europe at this time made Dutch financial capital not worried that Dashun would not be able to pay back the money.

And the borrowing is not a lot, just 700 million taels, for a period of ten years, half of the annual interest is paid every year, and the full interest is paid after ten years, which can be extended.

Dashun only needs to pay about 20 taels of interest every year.This is still cheaper than the annual burial; and if it can be repaired, the burial will save a lot, and some third-class fields will become first-class irrigated fields, and the tax can be recovered.

This kind of national debt, in fact, as long as the interest is paid on time, there is no need to repay the principal at all.And it is foreseeable that for a long period of time, the annual interest rate of 6.5% is regarded as a high interest rate in the Amsterdam financial market.

With the cooperation between Dashun and the Netherlands, and the large amount of spare capital in the Amsterdam financial market with nowhere to invest after the end of the war, this kind of interest, which was considered free in Dashun, has become a hot long-term investment in Amsterdam. .

Qi Guogong can be regarded as seeing what is meant by "merchant's injustice". The financial capital of the Netherlands has no hatred for Dashun's seizure of Southeast Asia.

This is also determined by the special national conditions of the Netherlands.

To some extent, industrial capital has a motherland.

Financial capital has no motherland.

Industrial capital needs the tariff protection of the motherland, the fleet controls raw materials, and the garrison controls overseas markets.

Financial capital...it doesn't matter who is the county magistrate, it's the county magistrate's wife anyway.

Historically, after the financial capital of Amsterdam sucked up the Netherlands, it was transferred to London and finally to New York.

The industrial capital of the Netherlands has essentially been killed by the financial capital of the Netherlands.

This is the basis for the cooperation between Dashun and the Netherlands. Liu Yu is full of confidence in being able to borrow money from the Netherlands, which has just ended the war between the two sides.Not to mention that the war was over, during the second Anglo-Dutch war, more than half of the national debt that supported the British war was bought by the Dutch.

Of course, this is the first time that Dashun has borrowed foreign debt, and this matter is still very important. Duke Qi needs to transport this large amount of gold and silver to the capital.

Dashun does not have a central bank. In the past, when money was urgently needed, the method used was to ask merchants to pay for it.Merchants from all walks of life contributed a wave, and they could get several million, but this time the emperor only asked the salt merchants to contribute, and did not kill the chickens and eggs of the newly emerging capital group of overseas trade.

The Duke of Qi was away, but because of the debt, he had known for a long time that the Huaihe River would be built here.Thinking about the large sum of money this time, and knowing that Liu Yu will bring back a large amount of cash after handling the accounts this time, the emperor will definitely support overseas trade even more firmly.

But he still had some hidden worries, and asked: "Shoutong, before I went to Europa, there was a rumor that the affairs of the neighboring countries should be settled first. Not to mention Annan, at least control Myanmar, Siam and other places, so that It’s no different from Nanyang. It’s so profitable and easy. What do you think about it?”

Liu Yu said: "I have already reported this matter to Your Majesty. It is like a story about the sea of ​​whales. Draw the land as a prison, first enclose the surrounding area, and then determine the neighbors. What I mean is to first make it difficult and then easy. Don't make it easy and then difficult."

"Your Majesty is wise, it is right to do the difficult things first. As for the easy things, you can save them for your descendants or discuss them later. In short, what I mean is to appease Japan, North Korea, Annan and other countries before going to India. Some things can be done as before 'Turning a blind eye', 'covering one's ears and stealing one's ears'."

"Public opinion in the world, although it is a good thing to have the trend of expanding the territory and flourishing the Tang Dynasty, but now we still need to guide the new religion. My father-in-law can find a gunman to publish a book, talking about the strange things about the Protestant countries during the trip to Europe. Just call the scholars in the world young People, keep your eyes on this."

"As for the disrespect of Annan and other countries in Myanmar, Minggong Dark Emperor, etc., you can just cover your ears and steal the bell. It's been like this for hundreds of years, and it's not too bad for a few years."

Qi Guogong also agreed with the strategy of "difficult first and then easy", and said: "So, I know it well. As for the affairs of European countries and Aachen, I should return to Your Majesty first, and then tell you. There is absolutely nothing wrong with this process. However, regardless of the details, as long as you know the whole thing, everything will go smoothly."

"Yeah. I see. Then father-in-law will rest for a few days and then go back to Beijing. I'll deal with the accounting and dividends here. I guess I'll be able to go back in a month or so." Liu Yu thought about the major issues to be dealt with this year , It is estimated that there is only so much, and he can let go of the rest of the time.

After the two sides agreed, Qi Guogong rested in Songjiang Mansion for three or five days, and then went to Tianjin by boat.

After the farewell, the first shareholder dividend meeting of Xiyang Trading Company was officially held.

The current Western Trading Company is still in the supervision stage. In essence, Liu Yu grasps the general direction. The overall model is similar to the cabinet system of the previous dynasty: the board of directors is similar to the cabinet, or the secretary, to deal with some details and formulate plans. The general direction requires Liu Yu's signature Agree to execute.

There is only one reason why this system can be supported, and that is to allow them to make money.

This is the experience of the Netherlands.

When there is a 50% annual interest rate, the VOC 17-member gentleman group can not even disclose the company's accounts. The Federal Provincial Assembly requested that the shareholders' association unite to oppose the Federal Provincial Assembly and question why the Federal Provincial Assembly has nothing to do. Why do you have to disclose the accounts?

When there is a 20% annual interest rate, the board of directors has no fart power, only the right to dividends. Seventeen gentlemen introduced policy, and none of the board members challenged it.

When there is only 10% annual interest, the remaining directors of the board will question the power of the 17-member committee and demand a reshuffle of the board.

This experience can also be regarded as one of the reasons why Portugal and the United Kingdom were arrested for the opium problem; and the Danish business house was wanted to increase the export tax by 25%.

This shareholders' dividend meeting will take about ten days.Those who are eligible to participate in the conference are all shareholders with more than 3000 taels.It's not impossible for those retail investors to come, but they don't have tables and chairs, so they can only bring their own small benches.

At dawn in early June, the company headquarters building was packed with people.

Soldiers from the Customs Corps were there early to maintain order. Today is an auspicious day, and shareholders, large and small, did not sleep well yesterday.

The most important issue of dividends that has been in my heart will be revealed today.

Although I know that I must have made money, I don't know how much I made.Some people guess that they can earn 15% this year, while others guess that it may not be that high.

Because Liu Yu mentioned the issue of military obligations and the issue of minimum annual dividends before, some people speculated that Liu Yu had "received cowpox" for everyone in advance, so that everyone had a psychological expectation.

However, most major shareholders have a relatively relaxed mentality.

The main reason is that the market newly developed by Dashun in the past few years has been quickly divided up.

Money needs to make money, which is capital.

In fact, there are not many investment directions for these major shareholders.

Japan's trading capital has been saturated and cannot be squeezed in.

The real peak of Nanyang development will wait until three to five years later when those plantations with huge investments really see profits.

There are many restrictions on the purchase of land by the imperial court, and these major shareholders are actually being watched by spies from the Boyer Army.The emperor made it very clear that going to the south of the Yangtze River to build the Huaihe River to raise funds does not require your money, it is for you to earn money outside.But if there are people who really don't want to open their eyes, they are shameless and have to invest the money in hoarding land, then don't blame the court for showing what it means to be "among the four peoples, businessmen are the cheapest".

Most people can't keep an eye on it.

But these major shareholders with a net worth of millions are very strict.

The market for other industries in the country is actually not large because of the small-scale peasant economy and the small-scale industrial and commercial operations of village landlords.

Iron mines, coal mines, machinery manufacturing, etc. that can be invested have only developed slowly in the past few years, and have not developed rapidly in a blowout style, and there are not many directions that can be invested.

The Huaihe River is undergoing water conservancy repairs, but many barren fields will become good fields after the water conservancy repairs are completed.

However, the imperial court forbade these merchants to intervene.

It is planned to use the land that has been value-added by water conservancy as state-owned land, and create enough basic land in the Huaihe area to create self-cultivating farmers similar to the equal-field system that "official land will not be sold forever".

On the one hand, in order to earn back the interest on the debts of the Dutch, on the other hand, under the national policy of abandoning the canal, the imperial court must ensure the land stability between the north and the south, and must prepare to buy at least [-] permanent tenants of official land, mainly retired soldiers. .

Originally, the businessman thought that the imperial court was short of money to build the Huaihe River. If they really decided to build the Huaihe River, they could also invest in buying wasteland. When the imperial court got the money, they also got the land.

However, Dashun is still a serious national policy of suppressing mergers and protecting small farmers, and resolutely prohibits big businessmen from engaging in any form of land development in "Kinai".

Including land requisition, large-scale management, cotton planting, and farm management are also resolutely prohibited.

The so-called Jinei is a very clear concept: west of Jiayuguan, south of the Songliao watershed, north of Guangxi, and the East China Sea.

After crossing the Songliao watershed to the north, the Western Regions, Nanyang, Jinghai, Ezo and other places, if you have the ability, you can buy 100 million mu of land for development. The imperial court will not give a fart. Three-year reduction and exemption for three years.

In this case, these major shareholders with the richest net worth were actually forced to invest in industry and commerce, and the industry and commerce that Liu Yu allowed.

Therefore, under various restrictions, their capital does not have many places to go.This also caused Songjiang Prefecture to be a deformed place under the special policy of "moving to Maoling", and the interest on loans has been decreasing year by year.

Loan interest has been decreasing year by year, and the bottom line of profit margins for big businessmen has been decreasing year by year.

Dashun can be regarded as a wave of "remedial work".

Under the background that the poll tax is included in the land tax, the national tax is apportioned by the local government, the gentleman stays away from the kitchen, and the land price plummets. The bottom line, from 30%, dropped to around 12%.

This is already the limit.

And it is only effective in Songjiang Prefecture.

Because Songjiang Prefecture has already implemented the [-]th tax reform, the national tax has risen from [-] one tax to nearly nine taxes one, which has greatly reduced the burden on the self-cultivating farmers.

The per-mu tax has risen, the burden on self-cultivating farmers has been reduced, the price of land ownership in Songjiang Prefecture has increased, and the land rent has reached [-]%, which cannot be higher. The return on investment land has dropped, and money has begun to go to industry and commerce.

These businessmen also know the result of confrontation with the imperial court, and they understand Dashun's policy of protecting small farmers to stabilize the country. They are all worth millions, and they are all good people.

In this case, the major shareholders and wealthy businessmen are looking forward to the dividends this time, but at least they were able to sleep last night.

Anyway, it is earned, no matter how bad it is, there will be the minimum annual interest rate promised by Liu Yu.

(End of this chapter)