With Mi Youren bringing back the initialed agreement to carve up Nanyang from Kaifeng Prefecture, the question of how to establish a vassal state in Nanyang was put on the table.

The agreement reached by Mi Youren and Ji Yi was that the grain-rich island of Java was divided into two, with the east to the Song and the west to the Zhou.

The golden waterway Sriwijaya Strait is also cut in half, the north belongs to the Song Dynasty, and the south belongs to the Zhou - among them, Xingzhou Island belongs to the Great Song Dynasty, and nominally becomes Zhaojiapo. But in fact, it must be the Ji family who is in charge!

The former capital of the Sriwijaya Kingdom, also known as the old port of Balin, and the port of Aceh, which guards the western entrance of the Sriwijaya Strait, belong to the Great Zhou.

Borneo to the east of the Srivijaya Strait is divided into the north and south of the Zhou Dynasty.

The island of Luzon belonged to the Zhou Kingdom, and the Island of Ceylon (which belonged to the West) west of the Srivijaya Strait belonged to the Song Kingdom.

The rest of the South Seas, including Champa, Chenla, Bagan, and the rest of the islands in the South Seas, are left to their free roof and first served!

Western places (excluding the island of Ceylon) are also left to the freedom of movement of the two countries, again on a first-served-first-served basis.

These were the "Kimi Colonial Agreements" that came to be known as the "infamous". The great colonists Ji Yi and Mi Youren also left a stench for thousands of years...... It is spurned by peace-loving people all over the world, including the Chinese people.

However, Wu Haogu, who also loved peace, in the autumn of the third year of the Great Zhou Republic, did not realize what a profound disaster the "Kimi Colonial Agreement" would bring to the peoples of the South and Western countries.

Therefore, he is still very satisfied with the principled agreement reached by Mi Youren and Ji Yi to divide up the countries of the South and Western Seas.

In particular, he was very satisfied with the terms of getting half of Java Island and the whole of Sriwijaya Island - even if Mi Youren gave up the core of the Nanyang Metropolitan Protectorate because of this, it was very worthwhile.

Because the large island of Sriwijaya located on the southern shore of the strait can control the strait, both Zia and the old port have the possibility of developing into "Zhaojiapo second". The fertile land in the western part of Java Island is the foundation of the Great Zhou Republic in the South Seas.

Moreover, Wu Haogu still clearly remembers that the historical Dutch East Indies used Batavia in the west of Java Island as a large stronghold, and gradually extended its tentacles to the island of Taiwan and Japan.

If it weren't for the weakness of the Dutch homeland, these sea coachmen would not have known how many years they would have been arrogant on the eastern seas!

"Our base city in the South Seas is built on the north shore of the western tip of the island of Java, and we choose a place with a good harbor and a relatively comfortable climate to build a castle, a commercial port, and a seaport...... Mobilize an army from Annam Province and be sure to wipe out the nearby indigenous bandits! ”

Wu Haogu stood in front of a large map of the Nanyang Islands hanging on the wall of the inner hall of the Führer's Palace with his hands behind his back, and expressed his opinion proudly.

"Führer, is this city as a direct territory of the Great Zhou State in Nanyang, or as the capital of a vassal state?"

"Of course, it is the direct territory of the Great Zhou Kingdom, and it will be the capital of Nanyang Province." Wu Haogu said with certainty, "This place and the port of Aceh must be directly under the jurisdiction of Nanyang Province."

As for the capital of the vassal states, there is the option of building another city in the Old Port or a little further east on the island of Java. It is also possible to establish two feudal states, one on the island of Sriwijaya and one on the western island of Java. ”

Wu Haogu thought for a while, and then said, "I'm afraid the ruling government doesn't have that much money to develop two cities on the island of Java at the same time, right?" ”

Zhang Xizai replied with a sad face: "Führer, the ruling government can't even squeeze out the budget for the development of a city!"

The depression caused by the Song Guoqian Revolution continued, and the ruling government's fiscal revenue fell by more than 20%. The war of Goryeo was not over yet, and the ruling government not only had to pay for the military, but also invested money in the construction of fortresses and docks in Goryeo. I'm afraid I'll have to put money in it for many years in a row......

At the same time, we also have to subsidize the war in Eastern Liao. Then Empress Dowager Xiao fought a protracted war with Agu on the Horqin grassland, I really don't know what year it will take?

In addition, the ruling government will also support Ko Yongfu on Bohai Island (Ezo Island) for his invasion of Japan's Honshu Island next year.

These expenses, combined with the daily expenses of the ruling government, are more than enough to overwhelm the burden. Now it is preliminarily estimated that this year's fiscal deficit will be more than 1.5 million silver taels!

Most of the savings of the ruling government over the years were allocated to the Dazhou Bank as capital...... I am afraid that from next year, the ruling government will have to rely on borrowing to make up for the shortfall. ”

Speaking of the allocation of the government's savings over the years, Zhang Xizai glanced at Pan Xingye, the head of the Dazhou Bank, with resentment.

If it weren't for the accumulation of silver and gold coefficients into the Dazhou Bank as capital, the deficit of 1.5 million silver taels would not have been difficult for the ruling government.

But now, the republican government is destitute, and the treasury is empty enough to run horses.

Pan Xingye was a little guilty by him, so he asked Wu Haogudao: "Führer, there are no less than 20 million taels of silver and more than 2 million taels of gold in the treasury of the Great Zhou Bank...... Or can you bring some of it out? ”

"Nonsense!"

Wu Haogu glared at Pan Xingye and said, "The Great Zhou Bank is not the treasury of the republican government!" Da Zhou Bank is responsible for the bank notes...... The silver deposited is to be minted into silver coins in case of emergency. Without the support of this silver coin, can the 50 million bank bills we issue be able to hold up? ”

"Then dial a little bank bill......

"Not really!" Wu Haogu gave it another no, "The accounts of the republican ruling government and the accounts of the Great Zhou Bank must be separated." Moreover, the Dazhou Bank only had loan transactions with commercial banks, and could not directly lend money to the ruling government. ”

The status of Dazhou Bank is equivalent to that of the central bank, and it is also the central bank where credit money appears. Therefore, it is necessary to implement monetary policy very conservatively - the main mission of Dazhou Bank is to ensure the issuance and circulation of bank bills.

Bank bills with a face value of 50 million silver taels, equivalent to 100 million copper coins (with three denominations of one tael, one coin, and one cent), have now entered the financial system of the Great Zhou Republic. Just waiting to be officially introduced to the market!

As you can imagine, the merchants who received the bank notes at first would have been eager to exchange them for silver or copper coins.

Without the support of gold, silver, and copper coins equivalent to tens of millions of silver coins, bank bills may be overrun.

At present, the gold and silver stored in the Dazhou Bank can be minted into more than 30 million silver coins or gold coins, including a large number of gold and silver coins and copper coins in a large number of commercial banks such as Bank of Tianjin, Yanjing Bank, Xiangguosi Bank, Tianjin Branch of Jingdong Bank, Tianjin Branch of Panji Bank, Bank of Korea, and Liaodong Bank. The total value is not less than 20 million silver taels.

There is so much money, enough to support the circulation of 80 million bank bills, and it is nothing to really bring up some. However, Wu Haogu is still willing to play more insurance coefficients.

After all, the lesson of money is right in front of you! The merchants may be bitten by a snake once and be afraid of the well rope for ten years.

As long as the credibility of bank bills is stable, the capitalism of the Great Zhou State can be on the fast track!

"If there is a deficit in next year's budget, find out the debt." Wu Hao Gu said, "With bank bills to support, the interest rate will not be very high, and there is no problem in sending one or two million."

As for the cost of developing the city in Nanyang, I think it is better to raise it from the merchants! Just use the old method of Jiehe Commercial Market...... Make a joint-stock vassal state! ”

Joint-stock vassal states...... The high-ranking officials of the Great Zhou who were present were a little surprised to hear it.

Can vassal states also engage in a joint-stock system? Can the shares be traded on the Christie's Tianjin Exchange?

Wu Haogu paused, and then said: "This joint-stock vassal state is built on the island of Srivijaya, with the old port as the capital. It encompasses the entire island of Sriwijaya except Aceh, although the country does not have the right to collect taxes in the Sriwijaya Strait. ”

According to the agreement reached by Mi Youren and Ji Yi. In the future, taxes on the Sriwijaya Strait will be collected by the local authorities of Aceh and Sin Chau Island – the Aceh side guards the western entrance of the strait to collect money, and the Sin Chew side guards the eastern entrance to collect money.

Therefore, the cities, ports and nearby areas of Aceh will exist as the state capital under the jurisdiction of the Nanyang Province of the Great Zhou Republic.

However, Sriwijaya Island without the port of Aceh is also highly developed, on the one hand, the island has gold and silver mines, and has been developed, Sriwijaya Island is the name of the Nanyang Metropolitan Protectorate, and the island is officially called "Golden State" or "Golden Island" (Sumatra means "Golden Island").

On the other hand, the largest city on the island, the capital of Sriwijaya, the Old Port, is a large commercial port that can compete with Sin Chau - the port of the Old Port is a river port, and the water depth is limited. This was a problem in later generations, but it was an advantage in the age of sails.

So gold and silver on the Old Port and the "Golden Island" are high-quality assets! It is sure to attract investment from businessmen.

Wu Haogu said: "You can first set up a Golden State Chartered Chamber of Commerce, open to the public, as long as you are a citizen of the Republic can invest." The conquest and occupation of the Sriwijaya state, as well as its subsequent rule, were the sole responsibility of the chamber. ”

"Führer," Mi Youren was a little incomprehensible, "isn't this Golden State Chartered Chamber of Commerce the owner of most of the Golden State Island?" ”

"Yes!" Wu Haogu nodded.

"How is that son going to become the king of the Golden State?"

Wu Haogu said: "I will become the largest shareholder of the Golden State Chartered Chamber of Commerce!" ”

In other words, Wu Haogu wants to buy a kingdom for his son on Jinzhou Island...... De jure speaking, the throne was bought!

And others can buy it, as long as they can afford enough money and get a license!

Wu Haogu paused, and then said, "In addition, we can also adopt the same method on the island of Java, which belongs to Zhou, except for the area that serves as the stronghold of Nanyang Province. The rest of the chamber is also in the hands of the Chartered Chamber of Commerce!

As for the strongholds of Aceh and Nanyang provinces on the island of Java, they were developed by raising funds through the issuance of Aceh tariff bonds. For the strategy of Champa, it is also possible to raise military expenses through the issuance of bonds. ”

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