PS: The new year is coming, Lancher wishes everyone a happy and happy day.

Finally, let's get a ticket to support it!

After the show, Edward returned to the royal palace, Hampton Court Palace.

At present, the most important thing in his heart is his three children.

Unfortunately, the three little babies still slept obediently, and Edward took a few looks, and then went about his business.

When he came to his own study, the beautiful secretary Laura was already waiting aside, looking at him quietly with a strange look in her eyes.

Edward's head couldn't figure it out for a while, so he could only sit on the chair, look at her, and ask, "What's wrong?"

"Your Majesty, Your Excellency the Speaker of the Privy Council asks for a meeting!"

Laura glanced up at him, then said in a slurred voice.

"Didn't I command him? Don't look for me for anything, the more I look at it, the more verbose it becomes! ”

As soon as Edward heard that it was Farris. Alexander's request to see, he was irritable, a Privy Council Speaker, even a daughter reluctant, what's wrong with being a secretary? If you go down by yourself, you must go down with your own daughter.

It's strange that a decent gentleman like me has something to worry about.

"Let him in!" In desperation, Edward was embarrassed to refuse too much, and waved at Laura.

"Yes, Your Majesty!" Laura gave him a complicated look, then shook her two long legs and slowly retreated.

"Squeak—" There was a knock at the door, and an old man with sparse gray hair walked in, hunched over, with loose skin and heavy bags under his eyes, looking overworked.

"Your Majesty—" Bending down slightly, Mr. Speaker saluted.

"Say it! What's the matter! ”

Edward asked, straightening his attitude and smiling faintly.

"Your Majesty, yesterday the House of Commons convened and passed the regulations on the regulation of the management of the banking industry, and the central bank can prepare!"

His Excellency the Speaker spoke word by word, as if he were reading a book.

"I already know, you don't need to say it again!"

Edward waved his hand, his tone a little impatient.

"Yes!" Faris didn't care, and after agreeing, he continued: "However, there is not enough money in the treasury at present, and it is impossible to take out so much principal to form a central bank at one time!"

The Royal Bank has grown vigorously for several years, not only in every county, but also in Scotland, Spain, and Germany, and it has become a behemoth, so to speak.

If it weren't for the royal family, it would definitely be swallowed up by those noble gentlemen.

Every year, it brings nearly fifty thousand pounds to the royal family.

Thanks to the discovery of commerce in England, the textile industry became the largest gold mine, and many people wanted to enter it but had no way to enter it.

The banking industry, on the other hand, has sprung up overnight, and if you count it carefully, there are only a few of 200.

The rapidly expanding banking industry did not establish its own norms as early as the blacksmiths' guilds, but grew like weeds.

Seeing this, the great King could not turn a blind eye, and under his wise decision, the parliament officially began to approve the regulations governing the banking industry.

It's easy to say, there are only a few in total.

First, any bank incorporated in England and Scotland and Ireland and Wales must be subject to the supervision of the Central Bank.

Article 2 Any person who may establish a bank in the United Kingdom must have a registered capital of £10,000.

Article 3 All banks must pay 10 percent of their reserve savings funds to the central bank in order to maintain the normal development of the banking industry.

The establishment of a central bank, the establishment of a registered capital threshold, and the payment of reserves were all Edward's tricks to control the banking industry.

The central bank is responsible for supervising the banking sector, as well as issuing money to stabilize finance.

In order to establish a central bank, Edward handed over the royal mint and united with the central government to form a central bank.

The new Central Bank of the United Kingdom, with the royal family owning half of the shares, the government occupying three tiers, and the remaining two tiers reserved for the English and Scottish aristocracy.

As the ruling class, the king ate meat, and the nobles, of course, had to share the soup.

Firmly tying the nobles to the royal carriage was Edward's unchanging law for thousands of years.

The royal family came out of the mint, the nobles paid for it, and the central government naturally had to pay for it.

"Your Majesty, when it comes to the autumn harvest, there are still two months left, and the current government finances are exhausted, and it is really impossible to come up with so much money!"

The entire central bank was valued at £100,000 by Edward, and the central government was required to contribute £30,000 as principal in proportion.

"What's going on with the central finances? How can there be no money? ”

Edward asked, staring into Farris's eyes, looking deeply, as if trying to see him through.

The Lord of the Laws was not afraid, and generously let His Majesty the King look at him, and said softly:

"Due to the recent large-scale spending on road construction, most of the central and local tax revenue is used to build highways connecting the whole country, and the rest of the funds have been booked, and the treasury cannot afford to come up with £30,000 at once!"

Hearing this, Edward withdrew his gaze with an embarrassed expression.

The proposal to build a road was made by the young king at the royal council at the beginning of the year.

His Majesty the King made a grand prospect and demanded that within five years, the capitals of all the counties of the country be connected to each other, and that there would be a straight, wide national road.

The 1,000-household districts in each county should also be connected to each other, and the specifications should be lowered.

Regardless of the county, the march from London to the local area took a maximum of seven days.

The specific requirement is that the national highway is ten yards wide (91 centimeters per yard), and there must be a tree every three yards on both sides as a barrier.

In this way, it was really the king who moved Wuhu and broke his leg below.

From the local to the central, the newly established bureaucracy began to run this huge project.

It's a lot faster than it used to be, and for now, the bureaucracy is doing well.

The central and local governments also spend most of their tax revenue on road construction.

Building roads to connect the whole country can effectively break the problem of geographical isolation in England, promote the development of commerce, and increase national strength.

More importantly, it can allow the army to effectively suppress the whole country and achieve the role of centralizing power and maintaining rule.

Such a huge project naturally consumes a lot of money, and labor also requires money.

Although the central government is currently reaping a large amount of tax revenue by tightening local finances, the annual revenue of the state treasury has reached 300,000 pounds, and it is still growing rapidly.

However, subsidizing half of the road repair fee still makes the central government live a tight life.

"In that case, let's delay the arrival of the account for two months!"

Edward knew that this was because of his own reasons, and chose to understand the difficulties of the central government.

"This is a wise decision, my majesty!"

Faris finally smiled and complimented, it seemed that his purpose had been achieved.

"You-" Edward wanted to ask about his daughter's secretary, but looked at his wrinkled face, and said no more.

"Your Majesty?"

"It's nothing, you stand down!"