Rise of the Overlord

Chapter 143 The Royal Bank of Datang
Before the Cangyu Empire surrendered to the Su Family Army, its entire finances were already on the brink of collapse. After the Su Family Army took over the Cangyu Empire's finances, they discovered that the Cangyu Empire's treasury not only had no balance, but owed the Cangyu Royal Family over the years. Nearly 80 billion silver dollars in the bank.

Fortunately, the Cangyu Royal Bank, the only bank in the Cangyu Empire, owns 100% of the shares of the Cangyu Empire royal family. After the bank, it was discovered that this financial institution, which should have been a behemoth, was already riddled with holes and was already insolvent.

According to the data on the books of the Cangyu Royal Bank, the total value of people's deposits in the Cangyu Royal Bank is about 230 billion silver dollars. However, the actual funds of the Cangyu Royal Bank are less than 90 billion, and most of them are Cangyu Royal Bank. There are only less than 43 billion silver dollars left in the banknotes with a denomination of two cents, one cent, two cents and one cent issued by the Royal Bank.

In addition, the Royal Bank of Cangyu also has foreign banknotes worth about 5000 million silver dollars, such as the British dollar of the Yingluoba Empire and the sand dollar of the Sharad Empire. These foreign banknotes worth 5000 million silver dollars can be said to be the Yu Empire's foreign exchange reserves.

In addition to less than 90 billion in cash, Cangyu Royal Bank has about 30 billion silver dollars in gold reserves and fixed assets, but even with the 30 billion in gold reserves and fixed assets, Cangyu Royal Bank's books are still short almost 110 billion silver dollars.

Considering the small denomination of Cangyu Empire banknotes, and the large circulation, it is easy to cause the depreciation of the four small banknotes. In addition, the production of banknotes also has a certain cost, so the Cangyu Royal Bank did not issue an unlimited number of two cents and one cent. Mao, two-cent and one-cent banknotes to make up for the shortfall, but banknotes worth more than 45 billion silver dollars can already have a great impact on the four banknotes.

Facing the huge burden of the Cangyu Royal Bank, Su Yi had to grit his teeth and continue. After all, this is the only bank in the Cangyu Empire. The Cangyu Royal Bank has more than [-] branches in the county seat of a county, which can even represent the financial system of the entire Cangyu Empire.

Before the Su family army took over the Cangyu Royal Bank, the Cangyu Royal Bank encountered a run-on crisis. Even if the Cangyu Royal Bank was taken over by the Su family army, the people's run still did not stop. In order to keep the Cangyu Royal Bank, Su Yi quickly raised funds More than 20 billion silver dollars and foreign currency worth more than one billion silver dollars were invested in Cangyu Royal Bank in a high-profile way. Only then did a possible financial crisis be avoided and the run on the bank subsided.

Now Cangyu Royal Bank has been renamed Datang Royal Bank by Su Yi, and 100% of the shares belong to Su Yi, but Su Yi has temporarily handed over the management right to Su Jiajun's Ministry of Finance, and now the director of Su Jiajun's Finance Department is Xu Haoming Concurrently.

In the Xiande Hall of the Imperial Palace of Cangyu City, Su Yi asked Xu Haoming: "How is the situation of the Datang Royal Bank? The money from selling rice, flour and canned meat cannot all be attributed to the Ministry of Finance. After all, the Datang Royal Bank Bank deficits remain severe."

Xu Haoming said immediately: "Marshal, although the more than 100 billion silver dollars earned from selling rice, flour and canned meat are now stored in the Datang Royal Bank, they are all attributed to the Ministry of Finance on the books. The grain profiteers had previously mortgaged a lot of fixed assets in order to buy grain with loans. Because of the drop in grain prices, it should be impossible for many profiteers to redeem their fixed assets. It is estimated that the fixed assets worth about 60 billion silver dollars will become dead. For the fixed assets of 60 billion silver dollars, Datang Royal Bank only paid less than 40 billion silver dollars in loans."

After a pause, Xu Haoming continued: "In fact, the loan of nearly 40 billion silver dollars is basically our income from selling grain at a high price to profiteers hoarding grain. The nearly 40 billion silver dollars are not included in the more than 100 billion silver dollars. According to the above, we have earned about 150 billion silver dollars from the sale of rice, flour and canned meat. As for the distribution of the more than 100 billion silver dollars on the book and the huge amount of money we will earn in the future? It has to be decided by the marshal himself!"

Su Yi thought for a while and said: "The fixed assets in the dead account will all belong to Datang Royal Bank in the future. As for the cash earned this time,

In addition to giving Datang Royal Bank 50 billion silver dollars to smooth out the deficit, transfer the remaining funds to the Ministry of Finance!After all, the Ministry of Finance will not only have to pay the military expenses of the Tang Empire's army, but also bear most of the military expenses of the Ziyue Empire's army. "

The Ziyue Empire suffered huge losses during the war, and its finances were almost on the verge of bankruptcy, even worse than the Cangyu Empire's finances. Therefore, the Royal Navy that the Ziyue Empire is about to reorganize and the scale of the Royal Navy are bound to be very large. The Royal Army can only be supported by Su Yi's money. Su Yi has no objection to this. After all, the reorganized Royal Navy of the Ziyue Empire and the completely reorganized Royal Army of the Ziyue Empire will be completely controlled by Su Yi. .

If not for the three sisters Ouyang Xue, Ouyang Qian and Ouyang Wan, it would not be difficult for Su Yi to merge the entire Ziyue Empire into the upcoming Great Tang Empire.

After hearing Su Yi's distribution plan for the earned funds, Xu Haoming immediately said excitedly: "Don't worry, Commander, with this huge income, the Ministry of Finance is enough to guarantee the Tang Empire's army and Ziyue's army for a long time. The military expenditure of the Imperial Army."

Su Yi then said: "Financial revenue mainly depends on taxation. How much tax did the Cangyu Empire collect every year?"

"Report to Commander-in-Chief, the Cangyu Empire's tax revenue last year, including customs duties, collected approximately one billion silver dollars, of which land taxes accounted for more than [-]%."

Su Yi frowned, "How come the Cangyu Empire has a population of 18 billion, and the area of ​​cultivated land exceeds 60 billion mu. Why are there so few taxes?"

"Marshal, the taxes on the hereditary fiefdoms in the Cangyu Empire basically belong to the hereditary nobles, while the cultivated land under the name of honorary nobles is tax-free, and the business of hereditary nobles and honorary nobles is also tax-free, plus some It is not easy for corrupt officials to fill their pockets, and the finances of the Cangyu Empire can collect nearly one billion silver dollars every year. However, these things will never happen in the future Datang Empire. According to the preliminary estimates of the subordinates, Da The tax revenue of the Tang Empire in 3013 should exceed 35 billion silver dollars, and this is still in the case of a substantial reduction in land tax."

Su Yi nodded slightly, and then said: "There is money in finance, in addition to speeding up the industrialization process of the Tang Empire, we also need to increase investment in the infrastructure of the entire Tang Empire. This will not only expand domestic demand, but also stimulate the entire economy. The economic development of the Tang Empire can also provide more jobs."

Xu Haoming said: "The commander-in-chief is wise, and his subordinates also have plans in this regard. They are going to invest a lot of money in water conservancy projects, transportation facilities, urban facilities, port construction, urban housing construction, etc., to start the comprehensive construction of the entire Great Tang Empire. prelude."

Su Yi went on to say: "By the way, now Datang Royal Bank only has large-value bearer certificates of deposit that can be used for large-sum transactions, and there are no large-value banknotes. Can you ask Datang Royal Bank to issue Datang Empire's big money?" Banknotes, the Anglopa Empire already has 100-yuan British dollars."

Xu Haoming pondered for a while and said: "Commander, the reason why the Cangyu Empire has not issued large-value banknotes is entirely because of the opposition of the hereditary nobles of the Cangyu Empire. Banknotes are used to extract their wealth and thus control the economy of their hereditary fiefdoms. Now that Datang Royal Bank issues large-value banknotes, there shouldn’t be any major problems. The only concern is the people’s confidence in large-value banknotes.”

"People's confidence in large-value banknotes can be cultivated slowly. As long as Datang Royal Bank can guarantee the free exchange between large-value banknotes and silver dollars, and even silver and gold, the people will definitely accept large-value banknotes as time goes by. banknotes."

"Marshal, will the large-denomination banknotes issued by Datang Royal Bank continue to implement the silver system, or change to the gold system?"

"Nowadays, all economic powers in the world have implemented the gold standard system, which shows that the gold standard system is the general trend. Therefore, the large-value banknotes issued by Datang Royal Bank and the small-value banknotes issued in the future will all implement the gold standard system. Now, the two-cent, one-cent, two-cent, and one-cent banknotes issued by the Cangyu Empire in the past will no longer be issued in the future, and will gradually be replaced by the new small-value banknotes issued by the Datang Empire."

"Marshal, when issuing large-denomination banknotes and new small-denomination banknotes, another crucial issue is anti-counterfeiting. The anti-counterfeiting technology of the original Cangyu Empire's banknotes is not very good."

Su Yi smiled slightly, "Don't worry, I have a batch of new papermaking and printing equipment in my hand. With these new equipment, I should be able to produce new banknotes with strong anti-counterfeiting."

When Su Yi was promoted to the rank of major in the system, there were thousands of heavy and light industrial machinery and equipment in the system mall. This kind of mechanical equipment is divided into multiple categories because of different functions. For example, paper machines can produce ordinary white paper, toilet paper, and paper machines that can produce special paper for banknotes. In printing machines, there are special A printing machine capable of printing banknotes.

Su Yi had already brought out all kinds of machinery and equipment to build a large number of new factories before, so Xu Haoming was not surprised that Su Yi was able to take out the paper machine and printing machine for making banknotes, "Daddy Don't worry, as long as the anti-counterfeiting problem can be solved, Datang Royal Bank will soon be able to issue large-value banknotes and new small-value banknotes."

(End of this chapter)