Seeing that everyone in the conference room was really confused, Qiao Xiaomu had no choice but to stand up and continue to explain, to put it bluntly, we want to get a Gatling machine gun in one step, but it really can't be done, so we use the Montini machine gun to transition, no matter which of the above two is achieved, it will be of great help to improve our strength.

Therefore, please don't complain about our slow development, delaying the development of Boss Luo's weapon system, because our chemical team has carefully evaluated - with its early development of a year and a half of primary single base, note, its safety is worrying, in order not to scare everyone, I won't talk about it here - anyway, the safety of single-base nitrocellulose is worrying, and it will take a lot of effort to replace it in the future, so it is better to get a one-step double-base ** later.

In short, please have a little patience, in fact, it will not be delayed for too long, if you hurry up, the "North Fund" Board of Directors allocated enough funds, we are confident that within a year to make the old world World War I level double base **, in this way, not to mention the 59 rifle can be upgraded, the Montini machine gun can become a reality.

And Boss Luo, even if they want to make Mauser guns or Lee Enfield rifles in the future, they have a foundation for Maxim machine guns......

Seeing that everyone in the venue listened very carefully and no one interjected, Mr. Zhao stood up with satisfaction and added:

"Regarding the development of this weapon, it is clear to everyone that the key to the development of weapon systems is ammunition, and the key to the development of ammunition is the level of triacid, dialkali and coal coke chemical industry in our chemical plant.

However, in the final analysis, these weapons need to be developed with fixed metal shell bullets, otherwise everything will be in vain, and it all depends on the level of our ammunition industry.

The good news is: we have already made it out of the thunder @ mercury primer, and nitrocell is also making progress towards the double base, so in fact, the development of weapons is not slow, as for the weapon system of the new ship, we think there should be a transition, and now there are ready-made transitional weapons - the ** package launcher installed on the three sailing ships such as Feminist and Assassin last time is good, and it should be no problem to use it for a transition, not to mention that our crew currently has a 57-type rifle and hand ** can be equipped, and the sea should be able to protect itself.

In addition, we are currently engaged in ***, this is relatively simple, mixing gasoline and light asphalt with heavy oil, which is powerful, and it is ten times better than fierce fire oil in one shot......

So the Senate meeting discussed the ideas put forward by the Baisha group, and everyone agreed that it was feasible, because there was no great enemy at sea to threaten us at the moment, and there was no need for us to cause trouble—after all, Taoguang's strategy of making a fortune in silence would take a long time to implement.

Then Mr. Sun and Mr. Ba spoke for half an hour, mainly on the progress of the work of all parties, and finally on another highlight that everyone cared about---- the annual financial report of the "Northbound Fund".

Now that we are approaching the end of the year, we asked Yu He to make a financial statement on behalf of the fund council and report to the shareholders on this year's financial results.

Yu Hewei reported: From the beginning of the trade with Sulu the year before last to the present, the trade income of all shareholders is on the account of the "Beishang Fund", as of December this year, the trade income has reached 3 million taels of silver, of which this year's trade volume has reached 1.6 million taels, and it should be noted that the average gross profit margin of all trade goods is more than 300 percent.

So after removing the investment, the net asset value of the shareholders has increased by 200 percent compared to when we first went to Sulu to trade, and this is only the amount of money that has been allocated to the "Northbound Fund", and we still have two-thirds of the resources that have not been used - because so far we have only set up a few companies, and it is clear that if we make full use of the resources we have and set up more commercial establishments, our economic strength will be stronger than ever.

Yu Hewei concluded by saying:

"At present, the only bottleneck restricting our development is people - here refers to talent and labor, as for funds, we are not lacking, but recently, because of the scale of the "North Fund", we have a tight financial accounting chain, pay attention, only financial accounting.

The reason for this is obvious: due to the artificial constraints on the size of the reserves, the lack of liquidity under the expansion pressure caused by the quantitative tightening of the Fund's operations as the scale of trade continues to expand and the development of the development activities, it is clear that this situation is very detrimental to the further development of the Fund, and thus will affect the business development of the shareholders here......"

At this time, the audience was stunned again, and the venue was very quiet for a while, and when everyone was looking at each other, someone in the crowd suddenly roared:

"Brother Yu! Speak human words! ”

"Okay...... That's it...... Ahem......"

Yu He cleared his throat and said:

"The fund is short of money, and I hope that the shareholders will authorize the 93 tons of silver and 9.3 tons of gold in the cave to be handed over to our foundation......

Hey?!

Oooh!

It turned out to be sauce purple!

Depend on! It turned out to be asking for money!

At this time, everyone suddenly remembered that we have developed so far over the years, and it seems that we have not used the gold and silver from the old world at all - some people think of it, but it is not, I remember that when we first went to Macau, our crew spent some silver.

However, the fact is that from the time of the "Mutual Fund" to the present, the "North Going Fund" has actually relied on the accumulation of trade goods produced by industrial equipment in the cave, and has not used everyone's family resources - those hard currencies from the old world.

Thinking of this, everyone couldn't help but feel a lot of emotion, of course, they also admired the ability of Yu Hewei, the president of the "North Fund", and many people immediately nodded and said that these gold and silver are in their own names, but I am relieved to hand over to Brother Yu to take care of them, not to mention that there is also a council, there should be no problem.

However, in any case, Yu Hewei's proposal is obviously a major matter, this time the "North Fund" is using their own family funds, so most people are not able to make a decision for a while, at this time Lao Ba said that the "North Fund" manages the assets of everyone, as a member of the fund board of directors and the chairman of the board of supervisors of the fund, I believe that according to the "Property Charter" signed by everyone before the crossing, we do need an institution to manage and coordinate all assets, including tangible and intangible, physical and intellectual property, Therefore, I support Xiaoyu's suggestion.

Mr. Sun also spoke in a timely manner and said that now that the family has a big business, we should indeed set up an organization to manage and operate all our assets in accordance with the requirements of the "Property Charter", not only to maintain the value, but also to make it continue to increase in value......

The regular meeting of the Senate on this day was discussed late at night, and finally everyone reached a series of consensuses, one of which is to upgrade the fund to the general steward of the property used by all traversers, or the general agent, on the basis of the "North Going Fund", as for the name of the fund, the shareholders entrusted the fund council to think.

So the meeting ended, and Sun Lao announced that the meeting would continue after supper, and said that this time he would discuss another financial issue that Lao Ba submitted to the Senate.

In the evening meeting, Lao Ba was the first to speak, but to everyone's surprise, Lao Ba's speech did not directly talk about finance, but proposed to install the paper mill equipment in the cave.

It's just that everyone reacted after listening to it for a while, and it turned out that Lao Ba planned to submit a financial issue - the issuance of banknotes!

No way! It's awesome! So the purpose of building a paper mill is to print money!