Xinshun 1730

Chapter 868 I am here to supervise you ([-])

Thinking of this, those who are active in their minds feel much more comfortable.

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

At that time, if you are not sure, you will really become a tax increase supervisor of the Municipal Shipbuilding Department.

After the reasoning was basically finished, Liu Yu asked someone to distribute the "Western Trading Company Five-Year Plan" he had drawn up to everyone in the same style as before.

There is not much content about how much to buy and what to buy.

More, or such as:

How much money is needed to build a fort there, and how many hired labors need to be recruited from the interior.

To expand a certain port, how much money and how many hired workers are needed.

To build a few more frigates, the court pays for the guns, and the company pays for the ships to patrol a certain place.

Where to build a warehouse to store goods.

Where to build a cinnamon factory, where to build a betel nut dye factory.

To try scrapping silver and copper coins in the Nanyang area, use banknotes issued by companies that can be exchanged.

And so on, these are either invested in infrastructure, or they seem to be in business, but they are actually outside of business.

The money spent is not too much, and it is in order. According to the annual investment of about 200 million taels, the five-year investment is 1000 million taels.

The money invested is not likely to be all profit.

Instead, dilute the profits and use the equity as an investment.

Two million taels may seem like a lot, but in reality it is not much at all.

Still have to "thanks" to the Dutch, who have been operating in Nanyang for more than a hundred years and have laid a good foundation for Dashun to go to Nanyang.

Although the Dutch East India Company seems to be very fragile, Liu Yu just touched the Japanese trade and made VOC's capital turnover difficult; just took down Nanyang, and the company collapsed in an instant.

However, the company's cash flow, share 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 have been repaired for decades after the surrender counted as assets?
The Governor's Mansion, plantations, fields, Batavia City built by draining the swamp with a 50% mortality rate, etc., are all assets.

If there is nothing left, Dashun really can't afford the money to rebuild the infrastructure.

In the Netherlands, it has accumulated more than 100 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 road that the Dutch ran for 100 years, the money to be invested is astronomical.

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

For example, the Netherlands' policy of letting Chinese act as middlemen in Nanyang made it very smooth for Dashun to take over Nanyang, and all trade networks can be directly controlled after taking over.

Every point of the Netherlands in Nanyang is connected with various villages and noble territories by the Chinese.

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

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

The most important thing is the continuous transformation of Nanyang by the Dutch for a hundred years, which has caused the old economy of Nanyang to disintegrate and completely transform towards an economic base that meets the needs of capital.

For example, those areas where the small peasant economy has been completely destroyed and can only rely on the sale of spices to buy food and clothing.

If it's a big success, I haven't solved the small farmers' economy yet, how many years will it take to destroy the local small farmers' economy?

All of these make it unnecessary for the company to invest huge amounts of infrastructure in Nanyang.

The main expenses are the naval base along the way, the Dutch castle seized by India, the transit supplies in Cape, and the port construction in Amsterdam.

And the money that is actually spent on "buying goods" every year is actually not much. More than 1000 million taels is enough, at least for now it is such a large trade volume.

The reason for raising so much capital is mainly to spread the construction cost equally, enrich the reserve fund for currency reform in the Nanyang region, and seize the time to build ships.

In this perfect plan, the expenses are clearly written above. Although the amount is large, these businessmen feel quite at ease.

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

The only thing that is not clearly stated in it is a batch of "special funds" every year.

The specific purpose of these special funds is stated above, which cannot be made public.It can be made public in the board of directors in the future, or announced after five years.

Regulators can directly use this special fund without discussion by the board of directors.

Although the merchants have many speculations about this, they have to accept it anyway. Thinking that most of it is the cost of some foreign conspiracy and fraud, since it is a special fund, it is better not to ask.

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

Several businessmen said: "The Duke has written clearly on it. Not only has the budget for how much money it will cost, but there are also detailed explanations behind it."

"For example, preparing a cruise fleet here, the above also clearly stated why it should be prepared and what will happen if it is not prepared...Since it is so clear, we also understand how we spent the money, so of course there is no doubt or objection gone."

"It's just that the monsoon season is coming soon, and the British, Swedes, Portuguese, and Danes have already started buying goods. We haven't prepared yet..."

"The Duke praised us and made it so clear. Now I think it's better to raise shares as soon as possible and get ready to receive the goods."

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

"Whether the previous things can be achieved is another matter. I don't dare to throw away the reputation I have accumulated over the years."

"That's why I have gambled all my wealth and some 'special' gold and silver. I have already stocked up enough spices and autumn tea for this year's shipment."

"On the side of the long-distance ship, part of it was booked in advance and the final payment has not been paid, part of it came forward to coordinate with the Japanese trading company, and part of it was Swedish trade. There is no problem with the ship."

"What is left is some domestic products. Many of you are engaged in trade with Japan, and the channels are common, which is easy to say."

"Even if the domestic goods are poorer this year, we will make up for them next year."

Of course, it's not just Liu Yu's own net worth, but also the booty from Nanyang.The gold and silver that the Dutch brought from the mainland to buy spices, the spices that the Dutch had paid for before hoarding, the captured Dutch armed merchant ships, etc.

The emperor's internal funds also paid a lot, and the emperor invested in a batch of official kiln porcelain and cinnamon from Ceylon.

Not counting the goods to be bought in China, it is enough to ship this year.

When he said this with a smile, in the eyes of these businessmen, it really meant that "the mast and scull disappeared in smoke while talking and laughing".

It is still unknown whether the matter will be successful or not. It is really admirable that the Duke of the State can collect goods without monopolizing them.

In fact, what Liu Yu was thinking about was the reputation he had accumulated over the years. If things didn't work out, the early stock offering would be ruined, and his reputation would be ruined.This reputation is worth a few million taels more than this.

The second is the same question he told the emperor: the Nanyang business is not as simple as just selling spices.Sufficient investment is needed, and the emperor's internal funds alone cannot afford it.Subsequent construction, additional warships, port expansion, and conquest of small countries, if the money is shared equally by businessmen, the imperial court can increase its control over Nanyang.

He said before that the trade with Japan benefits everyone and is the bone of gold.

This time, talking and laughing solved problems such as sailors, ships, trade licenses, cargo preparations, etc., but it also benefited everyone. Isn't it a kind of a greater degree of wealth?
Liu Yu said again: "The accounts are clearly written. After the stock offering, the settlement will be done. But you are all businessmen, and you know the principle of interest."

"For my money, there is no interest, only the principal."

"It's not that I'm really high-spirited, but I promised you the annual interest. If it's not enough, I'll make it up. I want to charge the interest based on your loan interest. In the end, I have to pay you again. It's just a fart. If that's the case, don't If you have a reputation for high integrity."

"But there is still a sum of money, and the interest must be paid. It is not my money, and of course I did not borrow it."

He didn't say who paid the money, but the merchants could understand it, thinking that it would be more stable?
Bigger than the Duke, who else could it be?With such a stake, the transaction is really stable.

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

One person spoke, and hundreds of people agreed, all saying that the interest on the money must be paid, and it should be paid after the stock offering.

Now that these matters are finished, only the issue of the stock offering remains.

The clearer the words, the more at ease everyone will feel.As for these people, in addition to raising shares, they also need to reserve some for ordinary people or low-level retail investors. Those people don't need to explain these details to them at all, at least for the time being.

Those who have money to invest in stocks either pay back the money in addition to lending; or they think that lending is not easy and investing in stocks is easier.

After all, it is said that ordinary people are not ordinary compared to real ordinary people.

After Liu Yu finished talking about the amount of shares raised, everyone present only felt that this share was not too much.I don't know how much it can fall on my head?
At that time, the atmosphere was very different from the apportionment situation.On the contrary, people inside want to subscribe more, but the amount is really not much.

Only about 3500 million taels of stock capital is needed, and a batch of them will be reserved for the emperor and the capital, and some will be distributed to the Dutch so as not to eat alone, and some retail investors will snap up some shares that can be divided here. , there are more than ten million taels left.

It sounds like a lot, almost the total financial income of Dashun for one year.But here, it is not worth mentioning.

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

If you follow the business rules completely, these businessmen will actually get even less.

If we really want to count, the Nanyang captured by the Dashun Navy, the Dutch warehouses, ports, plantations, factories, repair shops, Indian ports, and the franchise rights transferred from the Netherlands in India, etc., have they been counted as "state-owned assets"?
If it is really necessary to follow commercial rules, should these be converted into equity?
According to business rules, it has to be converted.

But if it is really discounted, the rate of return for that year is really unimaginable.

At least, on Dashun’s side, it’s impossible to see. There may be businessmen who think that the rate of return is good to invest in Amsterdam. In Dashun, it is absolutely impossible to raise a penny.

With a wave of Liu Yu's hand, the tangible and intangible "state-owned assets" accumulated by the Dutch for 100 years and worth at least 5000 million taels were lost.

It became the property of Western Trading Company.

A total of 3500 million taels was raised here, and everyone felt that it was not enough, and they wanted to grab their heads; there was 3000 million taels needed to control the Huaihe River, and the worried emperor felt uncomfortable all over.Liu Yu looked at the enthusiasm of the crowd, thought of such a comparison, and thought that this is really interesting.

But as long as we have done well in the past few years, when we really start a war against Britain in the future and need to build a large number of ships, Dashun is also qualified to issue "national bonds" - no specific dividends are promised, and the issue of additional trading company shares will be a big deal at that time Learn from John Law and boast about the post-war annual interest rate.

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

As long as it is properly controlled, a wave of investment in Australia's gold mines can create a big opportunity for immigration, using gold mines as a bait to promote local agricultural population immigration and capital-employee immigration. In the future, the entire Southeast Asia and Australia will be the basic market .

Lost, France has already given its experience: 50 years of not daring to invest, and the rise of Physiocratism.The French were surprised to find that after the bubble, only the land is the most valuable, and it is better to buy land than to buy anything.

The key... the fact that land is the most valuable, the people in Dashun knew it a long time ago, and they always think so.Liu Yu has been tossing around in Songjiang Mansion for so long in order to reverse this trend. Businessmen in Dashun don't need to be "surprised" to find out that land is the most valuable.

If it really loses, it won’t be that the industry and commerce have been sluggish for 50 years, but the foundation laid with great difficulty and the atmosphere reversed will be wiped out, and all the capital will be frightened and flow to the land...then But there was only one way left.

(End of this chapter)