New Shun 1730

Thinking of this, those who are active in thinking feel much more relaxed.

Of course they trust Liu Yu's supervision and are willing to do so. But I am afraid that it will become a system in the future and it will be difficult to say if someone else supervises it.

At that time, I don't know for sure, but I will really become the tax supervisor of the Municipal Shipping Department.

After basically explaining the truth, Liu Yu asked people to distribute the "Five-Year Plan of Western Trading Company" he had drawn up to everyone, just like before.

There isn't much information on how much or what to buy.

More often than not:

To build a fort there, how much money it would cost, and how many hired hands would need to be recruited from the interior.

How much money and how many workers will be needed to expand a port somewhere?

To build a few more cruise ships, the court would pay for the guns and the company would pay for the ships to patrol a certain place.

Where to build a warehouse to store goods.

Where should a cinnamon factory be built, where should a betel nut dye factory be built.

Try to scrap silver and copper coins in Nanyang and use banknotes issued by convertible companies.

These are either investment in infrastructure, or they may appear to be within business but are actually matters outside of business.

The money spent is not too much, and it is in an orderly manner. According to the investment of about 2 million taels per year, 10 million taels will be invested in five years.

The money invested is not likely to be profit.

Instead, profits are diluted and equity is used as an investment.

Two million taels may seem like a lot, but in fact it’s not much at all.

I still have to "thank you" to the Dutch, who have been operating in Nanyang for more than a hundred years and laid a good foundation for Dashun's voyages to Nanyang.

Although the Dutch East India Company seemed very fragile, Liu Yu only touched the Japanese trade and the VOC capital turnover was not smooth; he just conquered Nanyang, and the company collapsed in an instant.

However, a company's cash flow, equity capital, and the company's total assets are not the same thing.

Are those large warehouses around the original Batavia assets?

Are those castles that were repaired for decades after the surrender considered assets?

The Governor's Palace, plantations, fields, the city of Batavia, which was built by draining the swamp despite a 50% mortality rate, etc., are all assets.

If everything is lost and the infrastructure is rebuilt, Dashun really cannot afford to spend this money.

The Netherlands has accumulated more than a hundred years of continuous investment. Dashun wants to hurry up, and the strict supervision period promised by Liu Yu is five years. If it takes five years to complete the journey that the Dutch took a hundred years, the money to invest is astronomical.

In addition to these tangible assets, the Dutch also left behind many intangible assets.

For example, the Dutch policy of using Chinese as intermediaries in Nanyang made Dashun's takeover of Nanyang very smooth, and all trade networks could be directly controlled after taking over.

Every point in the Netherlands in Southeast Asia was connected to various villages and aristocratic territories by Chinese lines.

Although the Dutch method may not be followed, the foundation has indeed been laid.

And if converted into tangible money, it is definitely a lot.

The most important thing is that the Dutch have transformed Nanyang for hundreds of years, which has caused the old economy of Nanyang to disintegrate and completely transform into an economic base suitable for capital needs.

For example, those areas where the small-scale peasant economy has been completely destroyed and can only rely on selling spices to other countries in exchange for money to buy food and clothing.

Otherwise, if the small-scale peasant economy has not been solved yet, how many years will it take to destroy the local small-scale peasant economy?

All these prevent the company from investing huge amounts of infrastructure in Nanyang.

The main expenses are the naval bases along the way, the Dutch castle grabbed from India, transit supplies in Cape, port construction in Amsterdam, etc.

However, the amount of money actually spent on “purchasing goods” every year is actually not much. More than 10 million taels is enough, at least that's the amount of trade for now.

The reason why so much capital needs to be raised is mainly to spread the construction costs evenly, to replenish reserves, to carry out currency reforms in the Nanyang region, and to seize the time to build ships.

This complete plan has all the expenses clearly written on it. Although the amount is large, these businessmen feel quite at ease.

They are not very willing to spend money. If it can be explained clearly where and where the money is spent, they will be very happy.

The only thing that is not clearly stated is the annual batch of "special funds."

The specific uses of these special funds are stated above and cannot be made public. It can be disclosed to the board of directors at a later date, or it can be announced after five years.

Regulators can use this special fund directly without board discussion.

Although the businessmen have many speculations about this, they have to accept it anyway. When they think that it is probably some expenses for external conspiracy and fraud, since it is special funds, it is better not to ask.

After everyone read it, Liu Yu asked: "Do you have any objections? Doubts? What can't be explained?"

Several businessmen said: "The Duke has written it clearly on it. Not only does he clearly write down the budget of how much money it will cost, but there is also a detailed explanation at the end."

"For example, when it comes to preparing a cruise fleet here, it is clearly stated above as to why we need to prepare and what will happen if we don't prepare... Since it is so clear, we also understand how we spend the money, so of course there is no doubt or objection. ”

"It's just that the monsoon season is coming soon. The British, Swedes, Portuguese, and Danes have already started buying goods. But we are not prepared yet..."

"The Duke has praised us and explained it so clearly. Now we think we should raise funds as soon as possible and prepare to receive the goods."

Liu Yu smiled and said, "I was just about to say this."

"Whether the previous things can be accomplished is still uncertain. I dare not throw away the reputation I have accumulated over the years."

"So I have bet my entire fortune, and the gold and silver with some "special features" have been stockpiled to stock up enough spices and autumn tea for shipment this year."

"For the long-distance ships, some are pre-booked and the balance has not been paid, some are coordinated with the Japanese trading company, and some are Swedish trade, and there is no problem with the ship."

"The rest are some domestic goods. Many of you are doing trade with Japan, and the channels are universal, so it's easy to say."

"Even if the domestic goods are a little worse this year, we can make up for it next year."

Of course, this includes not only Liu Yu's own fortune, but also the spoils of war in Southeast Asia. The gold and silver that the Dutch brought from their homeland to purchase spices, the spices that the Dutch had already paid for, the captured Dutch armed merchant ships, etc.

The emperor's treasury also spent a lot, plus the emperor invested in a batch of official kiln porcelain, Ceylon cinnamon, etc.

Not counting the goods to be purchased domestically, it is enough to ship this year.

He said this with a smile, and in the eyes of these merchants, it really meant that "the masts and oars were destroyed in the midst of laughter and chat".

Thinking that it was still unknown whether the matter would succeed, the Duke could not only hoard the goods, but also not monopolize the profits, which was really admirable.

In fact, Liu Yu was thinking about the reputation he had accumulated over the years. If the matter did not succeed, the early subscription was all ruined, and his reputation would be ruined. This reputation is much more valuable than these millions of taels of silver.

The second is the problem he talked about with the emperor: the affairs of Nanyang are not as simple as just selling spices. It requires sufficient investment, and it is not enough to rely on the emperor's treasury alone. If the merchants share the money for subsequent construction, additional warships, port expansion, and conquest of small countries, the court can increase its control over Southeast Asia.

Before, he said that the trade with Japan was profitable for everyone, which was a huge profit.

This time, the problems of sailors, ships, trade licenses, and cargo preparation were solved in a casual conversation, and the profits were shared by everyone. Isn’t this also a greater degree of huge profit?

Liu Yu added: "The accounts are all written clearly. After the share offering, the settlement will be done. But you are all businessmen, and you also know the principle of interest."

"For my money, I don't want interest, just the principal."

"It's not that I am really noble, but I promised you the annual interest. If it is not enough, I will make up for it myself. I will charge interest according to your loan interest, and I will have to pay you again in the end. It's just taking off my pants and farting. In this case, why not leave a reputation of being noble."

"But there is another sum of money, and this interest must be paid. That is not my money, and of course it is not borrowed by me."

He didn't say who paid the money, but the businessmen understood it, thinking that this is more stable?

Who else can be bigger than the Duke? Since there is such a share, this business is really stable.

"The Duke is a man of high character. We admire him. As for that sum of money, we will pay the interest, and we are willing to pay it immediately. It will be deducted when the time comes."

One person spoke, and hundreds of people echoed, saying that the interest on this money must be paid, and it should be paid after the share offering.

After these things were said, there was only the share offering left.

The clearer the words were, the more at ease everyone felt. As for these people, in addition to the share offering, they also had to reserve some for ordinary people or low-level retail investors. Those people did not need to explain these details to them at all, at least for the time being.

Those who had money to invest in the shares either had money left after lending; or they thought that lending was not easy, and investing in the shares was easier.

In short, they were called ordinary people, but compared to the real ordinary people, they were not ordinary.

After Liu Yu finished talking about the amount of the share offering, everyone present felt that this share was really not too much. I wonder how much will fall on them?

The atmosphere at that time was very different from the situation of apportionment. On the contrary, everyone inside wanted to subscribe more, but the quota was really limited.

Originally, only about 35 million taels of capital were needed, and a batch of them had to be reserved for the emperor and the people in the capital, and some were distributed to the Dutch to avoid eating alone, and some were snapped up by retail investors. The real share that could be divided here was only more than 10 million taels.

It sounds like a lot, it is almost the total fiscal revenue of Dashun in a year. But it is not worth mentioning here.

And this is because Liu Yu deliberately spread the profits and increased the capital for the initial investment. Otherwise, this amount would have to be cut in half. After all, the Dutch left a lot of infrastructure that cost a lot of money.

If the business rules were followed completely, these merchants would actually get less.

If you really want to count, the warehouses, ports, plantations, factories, repair shops, Indian ports, and the franchises transferred by the Dutch in India in Nanyang, which were conquered by the Dashun Navy, have they been counted as "state-owned assets"?

If you really follow the business rules, should these be converted into capital?

According to business rules, it has to be converted.

But if it is really converted, the annual rate of return will be really terrible.

At least, it is terrible in Dashun. Maybe there will be businessmen in Amsterdam who think the rate of return is good and invest, but there is absolutely no hope of raising a penny in Dashun.

With a wave of Liu Yu's hand, the "state-owned assets" accumulated by the Dutch for a hundred years, including the Nanyang, India and Ceylon, worth at least 50 million taels, were lost.

They became the assets of the Western Trading Company.

A total of 35 million taels were raised here, and everyone felt that it was not enough to share, and they wanted to fight for it; 30 million taels were needed to manage the Huai River, and the emperor was worried. Liu Yu looked at the enthusiasm of the people and thought of such a comparison, thinking that this was really interesting.

But as long as they do a good job in the past few years, when they really go to war with Britain in the future and need to build a large number of ships, Dashun will be qualified to issue "national bonds" - without promising specific dividends, relying on the issuance of additional shares of trading companies, at most they can learn from John Law and brag about the annual interest rate after the war.

If they win, the atmosphere will change, and the investment frenzy will come.

As long as it is properly controlled, by taking advantage of the investment craze to hype up Australia's gold mines, a great immigration opportunity can be created, using gold mines as bait to promote local agricultural population immigration and capital-hired immigration, and the entire Nanyang and Australia will be the basic base in the future.

If it loses, France has already given us experience: 50 years of not daring to invest, the rise of the physiocracy. The French were surprised to find that after the bubble, only land was the most valuable, and buying anything was not as good as buying land.

The key... the truth that land is the most valuable, the people on the Dashun side have long known it, and have always believed so. Liu Yu has been tossing around in Songjiang Prefecture for so long, just to reverse this trend, and the merchants of Dashun don't need to be "surprised" to find out that land is the most valuable.

If it really loses, then it will not be the 50 years of not daring to invest in industry and commerce, but the foundation that has been laid with great difficulty and the little bit of trend that has been reversed will be swept away, and capital will be scared to flow to hoard land... Then there will be only one way to go.