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Judging from the appearance, the currency in front of me looks much better than the currency circulating in the market.

At a glance, you can see that this amount is sufficient and trustworthy.

"Mr. Sir, what is the silver content of a silver coin?"

"Your Majesty, it's about fifty percent, and in the whole of Europe, it can be regarded as a silver coin with a relatively high silver content!"

The so-called silver coins and gold coins are not all forged from gold and silver, but are alloyed with other minerals as appropriate.

For example, if a silver coin is forged from pure silver, the silver coin will be too soft to circulate.

If appropriate copper is added, the two will form an alloy, which will become hard and easy to circulate.

Copper is cheaper than silver, so what the mint earns is the difference.

"What is the exchange ratio of silver coins and gold coins currently circulating in the market?" Edward thought for a moment, turned his head, and asked Sir George on the side.

"Your Majesty, if it is not bad, a pound sterling is exchanged for thirty shillings!" Sir George blinked.

"Thirty-two shillings, I remember a few years ago it was still in the twenties!" Edward muttered to himself.

"Yes, Your Majesty!" Sir George replied immediately.

"In that case, then the exchange of this newly minted gold and silver coins is twenty-four shillings for one pound sterling, and twelve pennies for each shilling!"

Edward asked, looking up at Sir George.

The exchange ratio of the currency is not something that can be changed as much as you want, and the cost problem must also be involved.

"Yes, Your Majesty!" Sir George bowed his head and did the math himself.

If His Majesty's exchange rate is followed, then the profit that was expected to be good will be reduced by two tiers.

"Your Majesty, if it's one to twenty-four, then the mint's profit will be reduced by two tiers!"

"Oh? Is it! Then do as I say! Edward waved his hand indifferently and said, "Just a little profit, give it up!" ”

"Yes, Your Majesty!"

"How much?"

"Estimated around 100,000 pounds!"

"Oh! Ah~" Edward was a little surprised, two layers of 100,000, an estimated 500,000 pounds a year.

But when he looked back, there were more than four million people in the whole United Kingdom, and fifty pounds was not much.

"By the way, the edges of the silver coins are intricately jagged as security labels!"

Sir George is also a professional, and when he hears this, he doesn't know what His Majesty thinks, but this craft is very difficult.

"Your Majesty, at present, the craftsmanship has not reached this level!" Sir George was first overjoyed, and then said with an aggrieved expression.

"Do you still need me to teach you? Look for it all over the United Kingdom, look for it in Europe, and someone will definitely do it! ”

Edward looked at the somewhat dull knight with some anger, he heard that he was still from Oxford University, how could he be so stupid.

After saying that, Edward didn't want to continue the visit, so he got into the carriage and left.

…………

Port of Portsmouth, England.

As the base camp of the English Navy and the naval base of the United Kingdom of Britain, it was bustling with activity at this time.

As a result of the establishment of the Naval Command Council, the former Admiralty Vesta Command. His Excellency Narnia, who was appointed as the Vice-President of the Commission, including the Naval Armament, the Docks, the Treasury, and the Commanders of the three fleets, were all members of the Naval Command Council, directly under the authority of His Majesty the King and the former Minister of the Navy.

Of course, the newly established Royal Navy added the Logistics Department, the Personnel Department, and the Supervision Department, which weakened the Finance Department and the Armed Forces Department by a few points.

At present, the number of members of the entire naval command council has reached ten.

"Ladies and gentlemen, this is the regulation promulgated by His Majesty the King, and the plan of the duties of our navy after the establishment of the United Kingdom, everyone go back and think about it carefully, and do not exceed it in the slightest!"

His Excellency the Admiralty had a serious expression on his face, and his short pale yellow and slightly curly hair made him look so elegant, full of gentlemanly demeanor, and without any military spirit.

"Understood, Your Excellency!" Everyone stood up, including the three new ministers, and said in unison.

Although they all joined the Naval Council, Vesta . . . Lord Narnia still presides over the day-to-day affairs of the Committee and still manages them.

"Alright, let's disperse!" His Excellency the Chancellor whispered, and then walked out of the chamber alone.

One by one, the others congratulated the three newly established ministers, all of whom had been only deputy ministers, and suddenly became equal to them, which was really unexpected.

"Hey! Charles, I heard you've made a fortune lately! ”

After blessing, Colonel James walked over and teased the bronzed-skinned Colonel Charles.

"Humph! My Baron, what a privilege to have your care all of a sudden! Colonel Charles looked at James's face and said strangely:

"It's just, don't worry about it, our Irish fleet is doing well!"

After saying that, Charles turned around and prepared to leave.

Seeing Charles speaking in such a tone and such an attitude, James was angry for a while, and he hurriedly chased after him and faced him.

"By the way, my Colonel Charles, don't forget that you have received such a large gift, and I also have a share of the credit!"

Seeing James's shameless face, Charles pursed his lips, and his patience was a little lacking.

"Huh! Thank you so much, my lord! ”

Bypassing him, Charles turned and left.

"I'll take your help to heart!"

"Humph! The common people are the common people, and there is no politeness at all! Wait and see! ”

James glanced hatefully at Colonel Charles's back, and after saying a cruel word, he also left.

The navy of the entire kingdom currently has more than a hundred ships.

Among them, there are only three large ships of more than 1,000 tons, and about 20 medium-sized ships of 200 to 1,000 tons.

There are more than 70 small warships of less than 200 tons, accounting for the majority of the navy.

If you look at the ranking, the world's largest navy belongs to Spain, then Portugal, and then Britain.

However, the strength of the Spanish navy is still more than ten times that of Britain, and Britain is out of reach.

Even if the Spanish Armada was originally famous in history, it was just a treasure ship recruited by Spain from the Americas.

The main power of Spain, which has been fighting with the native chickens, has been stealing a line: for the glory of Catholicism.

But it was only the American merchant ships, but it made the whole of Britain tremble.

Even if the defeat of the Spanish Armada did not mean that the British Navy defeated the Spanish.

Rather, it said that Spain could no longer and did not want to attack Britain proper.

On the side, the British won the war of self-defense and counterattack, proved themselves to Spain, and if you want to destroy me, you have to break a few front teeth.

The British Navy has a long way to go!