Chapter 371 Financial Industry Arrangements

  The tunnel project connecting the north and south banks of the Red River Valley City has also been officially put on the table. The tunnel is planned to pass under the Brisbane River to connect the two banks.

  From a technical point of view;

  There are no technical difficulties in the tunnel construction plan. It has been successfully piloted on the Thames in London, England. A river bottom tunnel has been built to run through both banks using a very advanced shield method. Facts have proved that it is indeed feasible.

  Because the Brisbane river is wider than the Thames, the proposed tunnel is much longer than the 270-meter Thames Tunnel. The total length of the tunnel under the river is more than 766 meters, and the estimated investment is 372,000 pounds.

  Li Fushou agreed with a swipe of a pen. Money is just that wayward.

  Because the entire tunnel construction will take more than three years, there are no large-scale machinery used, most of which are manual, and the average monthly allocation is about 10,000 pounds, which is not a big money.

  Municipal projects connecting the banks of the Brisbane River will be constructed sooner or later. Early construction will benefit earlier, and more experience can be accumulated. In the future, more than one tunnel will be built on the Brisbane River.

  Relatively speaking, the cost of building tunnels is much cheaper than building bridges.

   "Master, you can't spend any more money. The poor mice in the inner warehouse will cry when they see it." Chen Shiheng, the chief manager of the inner warehouse, walked in fearfully, almost kneeling down with his legs bent.

  Li Fushou stretched out his hand to help, and said kindly; “Shiheng doesn’t have to be like this, there is nothing to sit down and talk.”

  "Master, you can't spend any more money. You must know what you can afford. Is there a reason to always eat food?"

   "Well, don't be too emotional, I remember there should be some money in the inner warehouse, right?"

"Then there is still money?" Chen Shiheng stood up excitedly, and said one by one with his fingers; "Master, you see... the cost of the war in Borneo is much less than originally planned, and the various expenses are also More than 700,000 pounds were spent, plus the previous deposit, the inner coffers still had more than 3.2 million pounds by the end of August.

But this month has spent too much money. Before the end of September, the second phase of the "Qinglong" heavy cruiser was paid 310,000 pounds. The navy built the "Mosquito" class frigate for 62,000 pounds, and the Qingshui River Basin Development 4 The quarterly allocation of 376,000 pounds, the Semuda Port reconstruction and expansion plan allocated 77,000 pounds, the Samarinda Fortress reconstruction plan allocated 132,000 pounds, the Eagle Plan allocated 280,000 pounds in the fourth quarter, and the Portsmouth Naval Shipyard in the United Kingdom. The cost is 575,000 pounds, the coastal railway double-track plan starts with 450,000 pounds, the Redhill Shipyard’s Majesty-class battleship construction plan allocates 640,000 pounds, the Brisbane River tunnel project is 26,000 pounds, and... you count it, the inner warehouse There is no more money here, only two hundred thousand pounds are used for emergency relief, and it is really impossible to spend any more money. "

   "Uh...I used so much?" Li Fushou was surprised.

  Chen Shiheng was really about to cry, and immediately nodded like pounding garlic, maintaining a stall as big as the Red River Valley, the money in his hand is really not money.

  Although it is said that there will be a large amount of rental income and dividends by the end of the year, it can't stand the Lord Earl to spend money, and Jinshan Yinhai can't stand such large expenditures.

What's more, there is basically no return money after the money is spent. It is not mentioned in the military expenditure. No matter whether it is a battery or a warship, it is not profitable. It is not to mention building a battleship for the Royal Navy, not to mention building public transportation. There is no money back for the facilities.

  Coastal railways are still a bit profitable, but they will not be seen for at least three years. This is because the construction of the railway line will take more than two years.

  The 3 million pounds spent on Chen Shiheng's pain is extremely painful.

  Li Fushou didn’t look worried. He rubbed his chin lightly and thought about it. “At least we don’t have any loans in Huitong Bank. We have no debts and are lighthearted. It’s a big deal to borrow some more!”

   "My lord, we have so much income, more than 30 million pounds a year, and you can live a good life with a little flower. Why do we need to borrow?"

"Haha...Well, the dozen or so projects in hand in the near future will be temporarily slowed down. The second phase of development in northern Queensland will start soon. This money must be paid in October, and the start-up cost will not be less than 100%. Ten thousand pounds, involving more than a dozen cities and towns in the north, is not sloppy at all."

"I……"

  Chen Shiheng opened his mouth and didn't say the rest. At this moment, I felt really tired.

  Someone else’s annual income of two or three thousand pounds can live happily. There is a very decent family, 10 servants, at least two carriages and a garden villa.

Our Lord Earl earns more than 30 million pounds a year. He is the richest farmer in the world, but he has spent most of this year in debt. This has just paid off his debts. Seeing that the famine is about to be brought down again, say it. Who believes it?

  A war cost more than 13 million pounds. The army and militia mobilized more than 200,000 people. The number of people who provide logistics for the war is as high as one million. What use is it to occupy so many deserted islands?

  Chen Shiheng is an old-school financial person. Although he came into contact with the business philosophy of foreigners in Shanghai and Haihai, he still has the conservative style of living within his means.

  In this era

  The British financial philosophy is also very conservative, and they do not advocate excessive borrowing and making ends meet, and they regard it as a scourge and are afraid to avoid it.

  Li Fushou knew Chen Shiheng’s thoughts and knew that he could not change his stubborn ideas. He could only persuade him to save some flowers, and finally coaxed away the anxious and white master.

After    came back, Li Fushou stood still and couldn't help laughing;

  I am a rich man who owns a world-class copper-gold mine. I have to spend some money to shrink my feet. Where can I go about it?

  Finally count

About a week later, the ocean freighter carrying 5,000 tons of copper concentrate will arrive at the Baihu Copper Smelter. When the copper ingots, copper rods and other products are produced almost in mid-October, they will be transferred to the mint to produce copper pennies. The market is circulating, and how it gets in late October.

  Today is already October 3, which means that I will bear with it for another month, then I can open up to spend money, and do whatever I want.

  At this point, I can afford to wait, and I don’t need to look at the bitter face of Huitong Bank Kestner.

  Huitong Bank has now developed into a world-wide bank with bank outlets in Europe and the United States. More than 90% of the bank remittance business in Australia belongs to Huitong Bank, and some of the remaining pieces of business are shared by Standard Chartered Bank and Citibank.

Australia's financial business is mainly concentrated in Queensland, while most of Queensland's financial business belongs to Huitong Bank, and a small part is shared by dozens of private small and medium-sized banks. These small and medium-sized banks do not have the strength to develop cross-ocean remittance business, and most of them do Some small and medium enterprises and personal credit loans and savings businesses.

  British Standard Chartered Bank's remittance business is limited to Hong Kong in the Far East, Shanghai, Singapore, and Calcutta in the Indian subcontinent. Citibank’s remittance business is limited to a few cities on the west coast, such as Auckland, and the scope is relatively limited.

But Huitong Bank is different. In addition to cities in the Far East and South Pacific, it can also connect to major cities on the east and west coasts of the United States and several major financial centers in Europe, including London, Manchester, Paris, Lyon, New Delhi, Munich, Frankfurt, Milan and other important cities. These areas are Queensland's important trading cities, with Huitong Bank branches, which can handle considerate banking services.

Just thinking about the banking problem, Li Fushou considered it and felt that the dominance of Huitong Bank is not suitable for future development. Especially for the issuance of one penny, two pence, five pence, and ten pence copper coins, there should be a special reserve bank for adjustment. The result is not all decided by the market.

  This way

South Australia, Western Australia, and Queensland must be included in the overall consideration of the entire plate. In addition, Shangri-La Island and Borneo Territory must be considered. Each state sends a certain representative to participate in the preparation of the Reserve Bank, so that there is fairness and representation. sex.

  As for Southern New Wales, Victoria and Tasmania are not considering it for the time being. The relationship between the two parties is currently so rigid and it is difficult to talk about sensitive financial issues. I don’t know how much trouble it will cause if we just get together abruptly?

   Simply put aside, ignore it for now, and set up the shelf of the Reserve Bank.

   then come

The members of the Reserve Bank include Queensland, the Northern Territory (named but not real, but now within the scope of Queensland), South Australia, Western Australia, Shangri-La Territory, Sulawesi Territory, Borneo Territory and other seven members, of which 5 are Li Fushou is directly controlled, while South Australia and Western Australia are indirectly controlled through the Zhi Gong Party. The will of the Red Fort can be implemented without hindrance, which is a good financial adjustment tool.

The status of the Reserve Bank is similar to that of the Bank of England, but this thing cannot be stated clearly, and the word "reserve" cannot be used. This will make people easily think of the Federal Reserve Bank of the United States. The specific name needs to be considered. .

  Li Fushou's slender fingers tapped the tabletop lightly, carefully considering the future financial framework arrangements.

Overall;

  There must be management, control, and competition to prevent the active private banking industry from becoming rigid. This is the engine that promotes economic development. Only sufficient market competition can make it full of vitality and prevent it from falling into a financial bureau.

  No hurry, no hurry, you must consider it properly before you can implement it.

  But before that, you can continue to participate in Citibank and Standard Chartered Bank, and silently absorb equity in order to achieve the ultimate holding purpose for your own use.

  Among the two banks, Standard Chartered Bank is relatively strong. In particular, the British shareholders have a lot of big aristocrats, and they are relatively sensitive to take a share of the Borneo war.

Citibank of the United States is simple. It is a US-funded consortium composed entirely of capitalists. As long as the price is right, it can acquire shares. Its advantage is the bank branches in major cities in the United States. If it can seamlessly connect with the Australian financial industry, it will be greatly improved. Facilitate financial exchanges between the two parties.

   top priority

   is to support a strong opponent for Huitong Bank. Only Li Fushou can do this personally. Otherwise, any bank will be crushed to death by the powerful strength of Huitong Bank, and it will die before it develops.

  In today's Australian financial market, Huitong Bank has an overwhelming monopoly advantage. Although it is its own bank, this is also what Li Fushou is unwilling to see, and a strong opponent must be established for him.

  The start of production at the Koi Copper-Gold Mine is a very good opportunity. The huge amount of resources it produces can be used as the initial capital of the bank. The first time it comes out, it has an unmatched capital advantage and swept the Australian financial market.

  Thinking about it for a while

  Li Fushou’s mouth showed a confident smile. Even if Huitong Bank is now dominating the entire financial market, as long as he reaches out and pushes, the situation will change immediately.

  For example, the immigration loan business requires only a decree to be transferred to the new bank, and Huitong Bank immediately loses a small half of its loan business. This part accounts for about 35% of the total loans of Huitong Bank and is a stable source of income.

Think about it, loans for immigration to Australia must be repaid first, otherwise, whether it is naturalization, marriage, home ownership, employment in government departments, free migration across states, travel, etc., all will encounter invisible obstacles, and the situation may be serious. He went to jail and was thrown directly into the labor camp to go to the mine to chew stones.

  Such a serious consequence, the default rate of immigrant loans does not exceed 1%. There is no doubt that it is an extremely good loan variety, and it can obtain a stable income of more than 8.5% every year.

  With this policy-based loan business as the bottom line, and backed by the huge output of the Koi Copper and Gold Mine, the new bank has the confidence to break the arm with Huitong Bank.

  This new bank... it’s called Shangri-La Bank.

Li Fushou was too lazy to think of a new name. Shangri-La was also translated as "Shangri-La", which means "bright moon in the heart" in Tibetan, symbolizing a beautiful and ideal way of life. The British called "Shangri-La" " "Shangri-La", which means similar to the "Xanadu" of the Chinese people, is similar to the Garden of Eden in the English context, mysterious and beautiful.

  Furthermore, Shangri-La is directly under Li Fushou's territory, which helps to expand the reputation of Shangri-La Island, which is a good way to kill two birds with one stone.

  Ok, it’s so decided.

  As for the candidates for the general manager of Shangri-La Bank, Li Fushou has three candidates that need to be carefully considered.

The first candidate was Zheng Canghai, the former president of the Chaoshan Chamber of Commerce. It has been more than 6 years since this product was lost to Europe. He was responsible for managing all branches of Huitong Bank in Europe. The headquarters moved from London to Munich, Germany two years ago. Prevent the British from turning their faces and confiscate the assets of Huitong Bank.

  It seems to be unreasonable worry now, but this invisibly gave Zheng Canghai a resume. He was very close to the German aristocracy in Munich. This guy is 36 years old this year, and he is in his prime.

Moreover, according to the report of the Commissioner in Black Guard, Zheng Canghai acted steadily and found no problems in morality. Of course, several German lovers and French lovers were not counted. Two illegitimate children and one illegitimate daughter were not counted. The main reason is that there is no evidence of corruption and bribery.

The second candidate is the original chairman of the Chinatown Restaurant Association in Brisbane. This product has been lost in Europe for more than 6 years. He is in charge of the business of Normandy Import and Export Company and other import and export companies in Europe. Product distribution channels have achieved outstanding results in office.

  His shortcoming is that he took advantage of his power in office to obtain some benefits for himself, and immediately stopped after being beaten and sincerely regretted it.

  Li Fushou will not kill him with a single stick for this. Competent people always have minor problems. In some areas, a little bit of cross-border beat is that today’s shortage of high-end talents is better than using a foreigner.

The third candidate is Wang Yacun, President of Huitong Bank Munich Branch. This person is one of the Jiangnan students who stayed at Huitong Bank’s European branch. First, the ability and level are first-class, and the reputation of virtue is also very good.

This person is 32 years old. He was appointed as the president of the Munich branch last year. The only thing he lacks is the experience in managing large banking institutions. Sudden promotion is slightly inappropriate. It should be polished and then used for big purposes. Don't commit too long. mistake.

  (End of this chapter)