"If you climb over this mountain, you will enter the land east of the river." Lieutenant Yang Xi said.

"Hmm. After entering the east of the river. A lot of things are up to us. Ma Lian said. After receiving the order. They quickly adjusted their plans. The Third Division sent a large number of officers out and sent them into Hedong. At this time, the Republican Army was still in the process of being reorganized. They then wanted to capture the county seat of the eldest son, because after taking the county seat of the eldest son, it would be regarded as opening a very important passage. In addition to this, there is also the kettle off.

The local Red Turban Army has surrounded the two county towns of Changzi and Huguan. No further reinforcements were possible. The governors of the two places have already begun to send relevant personnel to make contact, so that the two regions can be regarded as a peaceful settlement of such matters. It's for them. will form a great advantage. Because the channel is for them. It's kind of open.

Inside the headquarters of the 3rd Division.

"The rearmament process is proceeding well. According to the establishment, it has two infantry brigades. They are the 5th Infantry Brigade. 6th Infantry Brigade. The 5th Infantry Brigade had two infantry regiments. 11th Regiment and 21st Regiment respectively. The 6th Brigade consisted of the 31st and 33rd Regiments. In addition to this, we have an engineer battalion, two artillery battalions, a field hospital. A logistical transport brigade. Infantry battalion establishment. A staff officer said. In this case, their battle sequence is basically completed.

"How's the ammo replenishment?" Ma Heng asked, looking at the report in his hand.

"There is a lack of some additions at the moment. It's for us. Still not very favorable. The staff officer said.

"Roads are more complicated in mountainous areas. It's for us. is extremely disadvantageous. The chief also did not know how to solve such a problem. Ma Heng said.

"Sir. I think we should build an arsenal near Huguan. In this way, the ammunition does not have to be transported over long distances. Because judging by the current consumption of ammunition. If we do things too absolutely, the situation will be very bad for us. The staff officer said.

"After all, our current tactics are based on firepower, and on such a basis, our ammunition consumption will be very fast. Once there is a shortage of ammunition, there will be a large-scale decline in combat effectiveness, and once such a situation occurs, it will be extremely unfavorable to our army, and many of our things will not be able to be further developed, and in this way, our situation will be very troublesome. In such a situation, there is really only a limit to what we can do. The staff officer said.

"Hmm. That's right. Ma Heng also found some drawbacks in this tactical innovation, that is, his logistical supply. Judging from the current supply method, it is difficult for them to start such a supply situation in the first place, and if the attack distance is farther away, the situation of ammunition replenishment will be even more unfavorable. But they have not been able to solve such a thing in a relatively short time. Because their ammunition reserves themselves are not very sufficient. It will take a long time to hoard ammunition.

"Report." A staff officer came in with a report.

"Come in." Ma Heng said. The staff officer came in and handed in a report. This is a report on the establishment of an arsenal in the Huguan area. This report comes from headquarters. They hoped that the Third Division would be able to find such a suitable area. A group of people have already begun to be selected from the headquarters.

"The problem is solved. The headquarters has already thought of such a problem, but at present we still need to find such a place to arrange them, if their situation is not good enough, many things will still not be solved. In such a situation, we want to support them in their work. Hurry up. Ma Heng said. Apparently. It is extremely inconvenient to transport a large number of weapons and ammunition from Lijiazhuang here, and the best way is to set up a local arsenal for production, so as to meet their own needs. At the same time, it is a very good choice to reduce the difficulty of their supplies. But to build such an arsenal is to protect their safety, and at the same time, to build a factory, it will take more materials, and where will these materials come from. These are big questions. If these problems are not solved, many things will still be difficult to do.

Lijiazhuang. Inside the War Department.

"How? Surely you have an idea? Jia Xu said with a bowl of hot water. There can't be a cup here. The only way to drink water is to drink it from your own bowl.

"Although the production of the current factory is not without problems, the problems exposed are still very big." Shang Wu said.

"For example, except for some military orders from Luoyang, most of the military factories still rely on us to digest internally. However, this internal digestion will turn into a large amount of debt to accumulate. Once these debts accumulate to a certain extent, they will cause great trouble to the construction of the base areas. Chances are, we've beaten ourselves. Shang Wu said.

"Therefore, we cannot simply rely on the development of base areas to solve such problems, we also need to use other ways to solve such problems. How to fix it? This needs to be solved by some means of our own. We can't solve things like this internally. Shang Wu said.

"It doesn't seem like a tough problem to solve." Jia Xu said.

"yes. The factory must have enough profits to attract a large amount of capital from the land to the construction of the factory. Let them see the huge profit margins, and only with such large profit margins can the situation become favorable. Shang Wu said.

"But judging from the current products, there seems to be no good way to attract such a large amount of money other than military factories. This has a big disadvantage for us. In such a situation, it will be a great obstacle to the development of our factory. This role will be further expanded. Shang Wu said.

"I know that very well. But is there any solution to such a thing? Shang Wu asked. For the current situation. There are a lot of things that need to be solved, for example, a large number of arsenals are mainly engaged in the production of weapons, which are still very profitable, but after a while, this situation will become difficult to continue. In addition to this, there are a large number of red ticket sub-bonds, which are issued in large quantities. The number of issuances far exceeds the status of land bonds in the base areas. Once these bonds are to be cashed out in time, it will cause the price of the bonds to fall sharply, before this outbreak. Shangwu must solve this time as soon as possible**. Otherwise, this will cause a big problem.

"I don't have a good solution to these problems at the moment, but I think you should build all the institutions that you have established before, for example, stocks. Or an institution like a bond. At the very least, we can't let all of them scatter. Jia Xu reminded. In Jia Xu's opinion. This is indeed dangerous, the Red Ticket helped the Red Turban Army solve most of the problems, for example, in terms of financial expenditure, they supported the Red Turban Army to win the official army, but the success may be because of the Red Ticket, and the failure may also be because of the relationship between the Red Ticket, because relying too much on the Red Ticket will have a serious consequence. In the end, they were ruined by the red ticket because they were too dependent.

"Yes. Right. This is actually a complex financial issue. And we didn't find such a problem. We should diversify and spread the pressure on the red ticket. Dispersed to bank stocks. And a lot of real commercial land bonds. through military factories, as well as bank stocks. We can tell them that banks control a large number of shares in the military-industrial complex. In this way, the profitability of the company will become very cost-effective. If they can accept it, it will be a big advantage for us. Shang Wu said. Jia Xu's reminder suddenly opened a new door for Shangwu. Before solving the industrial problem, the first thing that should be solved is the financial matter, and only by opening a gap in the financial can other things be effectively promoted. It's an inevitable process.

"Speaking of which, I also have a problem, that is, the problem of currency circulation in the base area, you know, in the current situation, you have collected a large amount of copper coins and used them to mint artillery. In such a situation, there will be very little currency in circulation. This is very detrimental to the development of enterprises. According to the law you said, it's through austerity. This is of great help to the improvement of the living standards of civilians, but it is very detrimental to enterprises. Because the production of enterprises will have a very big burden. Their costs will become prohibitive. In such a situation, a lot of things actually. It is extremely bad for us. What we can do is still not good. Jia Xu said.

"Yes. We have to have our own currency to meet the needs of the base areas, and it seems that we can issue paper money in advance. Shang Wu said.

"Issuing banknotes?" Jia Xu asked.

"Yes. It's an inevitable process because we don't have enough banknotes, our factories need them, our markets, and our lives need them. The problem of your improvement actually has a lot to do with us, because of the lack of paper money, we are currently circulating red bills, that is, we are holding bonds such as red bills in circulation. It seems that it is necessary for us to collect the red tickets. In this way, it will be a great help to us. Shang Wu said.