Before the Cangyu Empire surrendered to the Su Family, the entire finances were already on the verge of collapse, and after the Su Family's Army took over the finances of the Cangyu Empire, it was found that the Cangyu Empire's treasury not only had no balance, but owed nearly 8 billion silver dollars to the Cangyu Royal Bank over the years.

Fortunately, Cangyu Royal Bank, the only bank in the Cangyu Empire, has 100% equity belonging to the royal family of the Cangyu Empire, which has made the finances of the Cangyu Empire persist in not breaking the bank, but after Su Yi sent someone to take over the Cangyu Royal Bank, he found that this financial institution, which should have been a behemoth, was already riddled with holes and had long been insolvent.

According to the data on the books of the Cangyu Royal Bank, the people's deposits in the Cangyu Royal Bank are worth about 23 billion silver dollars, but the actual funds of the Cangyu Royal Bank are less than 9 billion, and more than half of them are the banknotes issued by the Cangyu Royal Bank with a face value of two cents, one cent, two cents and one cent, and the silver dollars are only less than 4.3 billion.

In addition, the Royal Bank of Cangyu also has foreign banknotes worth about 150 million silver dollars, such as the British dollar of the British Empire and the Saudi dollar of the Sharad Empire, these foreign banknotes worth 150 million silver dollars can be said to be the foreign exchange reserves of the entire Cangyu Empire.

In addition to less than 9 billion in cash, Cangyu Royal Bank also has about 3 billion silver dollars in gold reserves and fixed assets, but even with these 3 billion gold reserves and fixed assets, Cangyu Royal Bank still has a deficit of almost 11 billion silver dollars on its books.

Considering that the face value of the Cangyu Empire's banknotes is small, and the issuance is too large to easily cause the depreciation of the four small banknotes, and there is also a certain cost to manufacture the banknotes, so the Cangyu Royal Bank does not issue unlimited banknotes of two cents, one cents, two cents and one cent to make up for the shortfall, but the banknotes worth more than 4.5 billion silver dollars have been able to have a great impact on the four banknotes.

Faced with the huge burden of Cangyu Royal Bank, Su Yi had to grit his teeth and continue, after all, this is the only bank in the Cangyu Empire, in the capital of each province of the Cangyu Empire, the county capital of each county and the county seat of each county, Cangyu Royal Bank has more than two thousand branches, and it can even represent the financial system of the entire Cangyu Empire.

Before Su Jiajun took over Cangyu Royal Bank, Cangyu Royal Bank suffered a run crisis, even if Cangyu Royal Bank was taken over by Su Jiajun, the people's run still did not stop, Su Yi in order to keep Cangyu Royal Bank, soon raised more than two billion silver dollars and more than one billion silver dollars worth of foreign currency, high-profile investment in Cangyu Royal Bank, which avoided a possible financial crisis, so that the run calmed down.

Now Cangyu Royal Bank has been renamed Datang Royal Bank by Su Yi, and 100% of the equity is owned by Su Yi, but the right to operate was temporarily handed over to Su Jiajun's Ministry of Finance by Su Yi, and now the Minister of Finance of Su Jiajun is concurrently served by Xu Haoming.

In the Hall of Virtue in the Imperial Palace of Cangyu City, Su Yi asked Xu Haoming, "How is the situation of the Datang Royal Bank?" The money from the sale of rice, flour and canned meat cannot all go to the Ministry of Finance, after all, the Datang Royal Bank is still in serious deficits. ”

Xu Haoming then said: "Dashuai, although the more than 10 billion silver dollars earned from selling rice, flour and canned meat are now deposited in the Datang Royal Bank, but the books are all attributed to the Ministry of Finance, and some profiteers who hoard grain, in order to buy grain for loans, mortgaged a lot of fixed assets, because of the fall in grain prices, the fixed assets of many profiteers should be impossible to redeem, it is estimated that there are fixed assets worth about 6 billion silver dollars will become dead accounts, and these 6 billion silver dollars of fixed assets, The Datang Royal Bank only paid less than four billion silver dollars in loans. ”

After a pause, Xu Haoming continued: "In fact, the loan of nearly four billion silver dollars basically belongs to the income from selling grain at a high price to the profiteers who hoard grain, and the nearly four billion silver dollars are not counted in the more than 10 billion silver dollars, if it is counted, we have earned about 15 billion silver dollars by selling rice, flour and canned meat, as for the more than 10 billion silver dollars on the books and the huge amount of money earned later, how to distribute it?" It's up to the marshal to make the decision himself! ”

Su Yi thought for a while and said: "The fixed assets in the dead account will all belong to the Datang Royal Bank in the future, as for the cash earned this time,

In addition to giving 5 billion silver dollars to the Datang Royal Bank to smooth out the deficit, the remaining funds will be allocated to the Ministry of Finance! After all, the Ministry of Finance will not only need to pay the military expenses of the Tang Empire's army in the future, but also have to bear most of the military expenses of the Purple Moon Empire's army. ”

The losses of the Purple Moon Empire in the war are very large, and the finances are almost on the verge of bankruptcy, even much worse than the finances of the Cangyu Empire, so the Royal Navy of the Purple Moon Empire that is about to be reorganized, and the Royal Army, which will be very large, can only be raised by Su Yi at the expense of Su Yi, Su Yi has no opinion on this, after all, the reorganized Royal Navy of the Purple Moon Empire and the thoroughly reorganized Royal Army of the Purple Moon Empire will be completely controlled by Su Yi.

If it weren't for taking care of the three sisters, Ouyang Xue, Ouyang Qian, and Ouyang Wan, it would not be difficult for Su Yi to merge the entire Purple Moon Empire into the soon-to-be-established Tang Empire.

Listening to Su Yi's plan for the distribution of the funds earned, Xu Haoming immediately said excitedly: "Don't worry, with this huge income, the Ministry of Finance is enough to ensure the military expenditure of the army of the Tang Empire and the army of the Purple Moon Empire for a long time. ”

Su Yi then said: "The fiscal revenue mainly depends on taxes, how much tax could the Cangyu Empire collect every year before?" ”

"Qi Yu Dashuai, the Cangyu Empire's tax revenue last year, including customs duties, was about a billion silver dollars, of which the field tax accounted for more than eighty percent."

Su Yi frowned, "How can the Cangyu Empire also have a population of 1.8 billion, and the cultivated land area exceeds 6 billion mu, why is the tax so small?" ”

"Dashuai, the taxes of the hereditary fiefs in the Cangyu Empire are basically owned by the hereditary nobles, and the cultivated land under the names of the honorary nobles is tax-free, and the business of the hereditary nobles and honorary nobles is also tax-free, plus the private pockets of some corrupt officials and corrupt officials, the finances of the Cangyu Empire can collect nearly one billion silver dollars every year, which is not easy, but these things will never happen in the future of the Tang Empire, according to the preliminary estimates of the subordinates, the tax revenue of the Tang Empire in 3013 should be able to exceed 3.5 billion silver dollars, This is in the context of a significant reduction in the tax on land. ”

Su Yi nodded slightly, and then said: "With money in finance, in addition to speeding up the process of industrialization of the Tang Empire, we must also increase investment in the infrastructure of the entire Tang Empire, which can not only expand domestic demand and stimulate the economic development of the entire Tang Empire, but also provide more jobs." ”

Xu Haoming said: "The marshal is wise, and his subordinates also have plans in this regard, and are ready to invest a lot of money in water conservancy projects, transportation facilities, urban facilities, port construction, urban housing construction, etc., to open the prelude to the comprehensive construction of the entire Tang Empire." ”

Su Yi continued: "By the way, now the Datang Royal Bank only has a large bearer certificate of deposit that can be used for the transaction of large sums of money, and there is no large amount of banknotes. ”

Xu Haoming pondered for a while and said: "Dashuai, the reason why the Cangyu Empire has not issued large banknotes is entirely because of the opposition of the hereditary nobles of the Cangyu Empire, these hereditary nobles are worried that the royal family of the original Cangyu Empire will use large banknotes to take their wealth, so as to control the economy of their hereditary fiefdoms, and now the Datang Royal Bank issues large banknotes, there should not be any big problems, the only concern is the people's confidence in large banknotes." ”

"The people's confidence in large banknotes can be cultivated slowly, as long as the Datang Royal Bank can ensure the free exchange between large banknotes and silver dollars, and even silver and gold, over time, the people will definitely accept large banknotes."

"Dashuai, then the large banknotes issued by the Datang Royal Bank will continue to implement the silver system, or will it be changed to the gold system?"

"Nowadays, all the economic powers in the world have implemented the gold system, which shows that the gold system is the trend of the times, so the large amount of paper money issued by the Tang Royal Bank, as well as the small amount of paper money issued in the future, will be implemented in the gold system, by the way, the paper money issued by the Cangyu Empire in the past will no longer be issued in the future, and will gradually be replaced by the small amount of paper money issued by the Tang Empire."

"Dashuai, the issuance of large banknotes and new small banknotes, there is also a very important issue is anti-counterfeiting, the original Cangyu Empire's banknote anti-counterfeiting technology is not very good."

Su Yi smiled slightly, "Don't worry, I have a batch of new equipment in papermaking and printing, and with these new equipment, I should be able to create new banknotes with strong anti-counterfeiting." ”

When Su Yi was promoted to major in the system rank, there were thousands of heavy industry and light industry machinery and equipment in the system mall, which were all products of the twentieth and thirties of the twentieth century on the earth, which can be described as all-inclusive, and even a kind of machinery and equipment was divided into multiple categories because of different functions, such as paper machines, which can produce ordinary white paper, toilet paper, and paper machines that can produce special paper for banknotes, and in the printing press, there are printing machines that can print banknotes.

Su Yi had already come up with all kinds of machinery and equipment before, preparing to build a large number of new factories, so Xu Haoming did not feel any surprise that Su Yi could come up with the paper machines and printing presses that made banknotes, "Dashuai rest assured, as long as the problem of anti-counterfeiting can be solved, Datang Royal Bank will soon be able to issue large banknotes and new small banknotes." ”