Chapter 687: Financial Reform

On the outskirts of Zhaoqing, in the courtyard of the Chen family, several men of the Chen family sat together, sitting at the top was an old man with an old man, while there were two middle-aged men below, and three young people.

One of the young people said anxiously: "Dad, the recent sales momentum of our rice is so good, it is to continue to expand the scale of the factory while the iron is hot, as much as possible to grab the market, the child has heard that the grain merchants in the east of the city are also from the machinery branch to buy machinery, I am afraid that it will not be long before their mechanism rice milling will flow into the market, by that time, it will be too late!" ”

A middle-aged man in his forties said: "What's the panic, we can see this rice milling business, and outsiders can naturally see it, but our Chen family has been ahead for more than half a year, and they want to catch up, far away!" ”

At this time, another slightly older middle-aged man said: "Having said that, but we still have to be cautious, I heard that someone has recently come to the rice mill to dig up, maybe it is those grain merchants who are doing the bad!" ”

Immediately, the slightly younger middle-aged man said: "What the eldest brother said is that we have come to the rice mill to dig people, except for those grain merchants, there can also be water, but they are all ordinary workers, and they are not in the way, as for those technical backbones, they are all children of our Chen family, and they can't dig them away!" ”

"But even if they will lack manpower for a while and can't open it, we still have to increase the scale of the rice mill as soon as possible, not only to increase the scale, but also to open another rice mill in Guangzhou!"

"But this fund is not easy to raise, the investment in opening a rice mill is not small, now our silver is pressed on the goods, if we want to draw silver to build a new factory, I am afraid it will affect the operation of the rice mill!"

When everyone was discussing, the old lady Chen, who was sitting at the top, opened her eyes and said: "Silver is not a problem, sell those shops as soon as possible, and then sell half of the fields, and the silver for opening a new factory will be about the same!" In addition, the current engineers are still not enough, and ten smart and clever children from the side branches will be selected to be sent to the Ministry of Engineering College to study! ”

After that, he held on to his crutches and took up: "Since our Chen family has started the business of rice milling, there is absolutely no reason to give up!" ”

Immediately, these children and grandchildren nodded yes!

After sending everyone out, Mrs. Chen remembered that last year, when he went to the old friend's house in the city to talk, he learned that the three sons of the old friend's family were working in the Zhaoqing Arsenal, and couldn't help but be interested in asking a few more words, just heard the old friend three sons say that their machinery branch made a kind of machinery that uses hydraulic power to roll rice, this kind of direct rolling rice through hydraulic machinery, not only low cost, but also the rice particles that are rolled out are full, the quality is good, and the appearance is quite good.

The machinery branch of the Zhaoqing Arsenal engaged in these hydraulic rice rolling machinery and equipment for the purpose of preparing the official rice mills of the Ministry of Industry, which mainly supplied finished rice to the military, but also to other internal organs of the government.

But although Mrs. Chen is old, her shrewd eyes see huge business opportunities from it at a glance!

Although the initial investment in this method of rolling rice is relatively large, the unit cost of production is much lower than that of traditional manual grinding, and the quality of the rice milled is good, and more importantly, it can be produced in large quantities and used as military food.

The rice is still these rice, but after such a price, the price has at least doubled!

Therefore, Mrs. Chen quickly collected funds, and through the relationship between her old friend and three sons, she purchased such a set of machinery from the Zhaoqing Arsenal Machinery Branch, and prepared to crush this kind of rice for sale.

The machinery branch was originally to produce these equipment, although most of the time it was for other projects within the Ministry of Industry to provide machinery, but for civilian orders, as long as it is used for civilian needs, rather than machinery and equipment used to manufacture ordnance equipment, they are also sold, after all, although the machinery branch is named under the Zhaoqing Arsenal, it is also self-financing!

After purchasing the equipment, the Chen family also arranged for the children of the family to go to the Ministry of Engineering College sponsored by the Ministry of Industry to learn technology, after all, although the mechanical equipment is very primitive, but it is also mechanical equipment, not a professional mechanical talent can not play.

Soon, the Chen family's rice mill was opened and began to produce mechanically crushed rice!

Naturally, this kind of rice is not for the general public, but is exclusively sold to the middle class and the upper class, and once it was launched, because of the low price and good quality, it quickly opened up the market!

In less than a month, the old lady of the Chen family, who saw the huge future prospects, began to raise a lot of funds, almost all the cash in the family, and purchased several sets of rice milling machinery.

Now, I don't dare to say that I am making money every day, but the income of one year is comparable to their income in the past ten years!

Ten times the previous income, this is why the Chen family is involved in industry and commerce!

Now, in the face of the upcoming competition, the head of the Chen family gritted his teeth and directly sold the other properties of the family, in order to raise funds, even the land was sold by half, and then used the funds to expand the scale of the rice mill, and was ready to open a branch factory in Guangzhou!

When the Chen family began to raise funds to expand production and invest in the construction of the Guangzhou branch, several grain merchants in the east of Zhaoqing also had their own calculations, and the rice milled by machinery was better quality and lower cost than the rice made by hand and small workshops in the past.

Even they are more wealthy than the Chen family, and these grain merchants have already placed orders for the purchase of machinery from the machinery branch, and the most of them have ordered dozens of sets of machinery and equipment for rolling rice in one go.

You must know that although the machinery of this year is primitive, the machinery and equipment that can be used to process grain on a large scale cannot be cheaper than that.

Because although the production cost of the machinery branch is not high, but the technology is priceless, the research and development technology is also costly, it used to be the internal sales of the Ministry of Industry, the price is not high, but to buy outside, the price is expensive, and it is the only one in the world, you love or not.

Therefore, the price of these machines is quite high.

And the follow-up maintenance cost is not low, to engage in large-scale mechanical production, the funds required are not low!

However, machinery and equipment can't afford to buy large-scale factories, but you can build small-scale workshops and make the same money.

Small workshops with dozens of people, or even only a few people, have sprung up like mushrooms under the rule of the Tang Dynasty recently, although they are only manual production, but they are also profitable.

And those workshops that make money will naturally want to expand their scale, buy machinery, and finally upgrade to large-scale factories!

Therefore, the development of industry and commerce, in fact, does not need Li Xuan to teach by hand, to say, as long as the support policies are put out, after this general environment, there will naturally be countless smart people who figure out the doorway, and then devote themselves to it and earn a lot of profits.

The Chen family is just one of them!

In fact, in the Tang Dynasty, it was the Ministry of Industry and the factories under the royal family that were at the forefront of the tide of the times!

Needless to say, the factories of the Ministry of Industry are all large-scale factories, mainly heavy industry, mainly making guns, ships, machinery and equipment, and there are also some light industries, such as the textile industry, and these products are basically the fist products with the highest contemporary technology content!

The factories under the royal family are composed of two parts, one part is the royal assets directly under the management of the Imperial Obstetrics Department of the Hanlin Academy, and the other part is some factories privately built by the Empress Dowager Bai and the harem concubines.

However, in addition to making money, the royal factory managed by the Imperial Obstetrics Department has a more important task, that is, to assume part of the responsibility of guiding the development of domestic industry and commerce.

For example, the Royal Bank, which has just been established by the Royal Obstetrics Department, is of great significance!

Li Xuan has long wanted to set up a bank to inject financial vitality into the industrial and commercial development of Datang, but it has always been a lack of conditions, so it has been in the preparatory stage for a long time, but after a year of preparation, it was finally officially established and opened for business in September.

And the operation of the Royal Bank is actually a by-product of the financial reform of the Tang Dynasty!

Because at the end of September, the Tang Dynasty officially promulgated the 'Tang Dynasty Money Law', several of which have a great impact, and the most important one is that from now on, private coinage will be prohibited, and the right to mint and issue currency will directly belong to the Financial Department added by the Ministry of Taxation.

Of course, in order to avoid the collapse of all the money shops in the world overnight, the Tang Dynasty also opened up a small opening, that is, allowing each money shop to exchange copper coins with the Financial Department, and then use these copper coins to continue its own exchange business.

It is mandatory that if a money shop wants to engage in various businesses such as soliciting exchange, deposits, and lending, it must obtain a bank business license, and this license is not so easy to obtain, especially the deposit deposit.

Because the money law stipulates that in order to ensure the safety of depositors, 30% of the deposit money solicited by banks must be turned over as reserves to prevent a run!

As soon as these articles were issued, the actual impact on the existing money industry was very great, and many money shops even stopped the exchange business by means of suspending business, resulting in the price of copper coins in various places.

At this time, the role of the Royal Bank is reflected, the business offices of the Royal Bank located in the counties opened for business as soon as possible, and then took over the money shop to support the various financial businesses of the Tang Dynasty!

There is a reason why the financial sector reforms were only issued in August.

Because before the reform of the financial industry, it is necessary to prepare all kinds of preparations, at least the official copper coins must be prepared in advance, you have banned the private copper coins, but the official copper coins must be supplied, and then the money shop will stop the exchange, lending and other businesses, the Royal Bank must be on top, otherwise it will not cause social unrest!

That's why Li Xuan waited until the Royal Bank was ready to carry out financial reform!

But even so, it still caused a lot of turmoil!