Keelung Peace Fort, the official residence of the Chief Executive of Taipei.

Bamboo charcoal burned in the brazier, and a deer's leg was roasted golden brown. Two indigenous servants sprinkled expensive spices on the deer's legs, slicing down several pieces of ripe meat on different plates. Two dressed beauties wearing red silk vertical white collar plackets, soft yellow horse-faced skirts, and mink Zhaojun sets will serve the venison with some blood on it.

Shou Orderly gently pushed the plate back, "Give me another one." ”

A frightened look appeared on the woman's face, and she put down the plate and was about to kneel.

Shou Xuan reached out and grabbed her arm, not letting her kneel.

"He doesn't want to give it to me," Maiden swallowed as he picked up his glass, "you really don't know how to enjoy it." The bloody meat is sweet and juicy, and the meat is tender. If you roast it any longer, it will be old. ”

"You don't have to convince me, I have my own preferences."

The woman refilled the empty silver cup.

"Whatever you want," Maiden said, fiddling with his knife and fork with the venison on his plate, "I have killed twenty thousand cattle since the autumn, and the skins of the sika deer have been sold to the Dutch. Sheepskins, boar skins, sambar skins, and bear skins are left for their own use. Didn't you always want to change your guard's winter clothes for bearskin hats? That should be enough. ”

There is also a leopard skin, and the orderly heart.

Maiden wore a leopard skin with a golden hue and a large dark cloud-like markings. The mysterious and beautiful Taiwanese clouded leopard.

"If you continue to kill like this, will you have to restrict hunting like the Dutch in Tainan next year?"

It may be that the original indigenous population is too small, and Taiwan has a lot of wild animals. Before the Dutch came, Taiwan was full of wild sika deer, which made the Dutch wonder how there could be so many deer on such a small island.

"The food shortage will not be able to solve on my own next year, and I plan to see if I can do animal protection work in two years."

Well, it can't be helped, and the Order gave up on the idea of being a conservationist in the 17th century.

Gently took a sip of the golden liquor in the glass, "When did the Jianjiang depart?" ”

Maiden: "Last month, if nothing else, I would have arrived in Houjiang and the mainland."

The Jianjiang notification ship returned to China with the annual summary of the order and letters to Lin Tongwen and Li Junchang. In addition to reporting to the Senate on the results of the past year and a half, the main thing is to let Lin Tongwen and Li Jun often purchase grain in Nanyang.

The Taiwan Development Bank will issue a letter of credit for grain procurement, and the Jianjiang will carry the letter of credit to the local businessmen, and the Nanyang Bank will pay for the grain purchase in Jincheng, and the Taiwan Development Bank will pay the Nanyang Bank after the grain arrives next year.

This kind of payment does not have to be cash, and if the amount of copper, gold and sulfur in Taiwan is sufficient, the two banks can issue letters of credit to each other. This is a relatively ideal situation, there is no need to move silver between Taiwan and Jincheng, but in this case, the amount of grain purchased by 600,000 stones, including the transportation costs and the interest that Nanyang Bank will inevitably charge, is almost 300,000 taels of silver.

Finance is the exchange of value across time and space, and finance in Europe at this time was already relatively developed.

Shou Zhi has been trying to regulate the financial order in the South China Sea, with the Nanyang Bank being the first step and the Taiwan Development Bank being the second step.

There are three main aspects of risk management in banks: asset-side management, liability management and liquidity management.

The asset side is the least to worry about, whether it is Jincheng or Taiwan, the rapidly growing population is creating value no matter what industry it is engaged in, even if it is just farming. These values, when quantified by some standard, are assets in the bank's expansion. Liability management mainly refers to deposits and bonds, and liquidity management mainly refers to preventing runs.

Asset and liability management is mainly a matter of term structure and asset quality, and the term should be positively correlated with earnings. The asset quality of banks represents the quality of the country's development, whether in Nanyang or Southeast China, there are not many people who question this, and the country is in a period of rapid growth.

The scale of Nanyang Bank is already very large, and the Dutch will come to Nanyang Bank for short-term business when purchasing in Thailand. Of course, the families in Jincheng also borrowed money from the Dutch.

Nanyang Bank's banker's acceptance and letter of credit and the Dutch East India Company's commercial acceptance were prevalent on the west coast of the Pacific Ocean.

Orderly in front of Cornellis with the new head of Batavia. Fan. Morality. In Lin's correspondence, it is proposed to set up a clearing center similar to the Piacenza Trade Fair, because there are only two for the time being, and there is no need to be as troublesome as the Piacenza Trade Fair, and the temporary trade fair will become a permanent institution. The two sides settle the accounts once a quarter to clear the positions.

Yes, Anthony, the founder of the Dutch East Indies Empire, who had been pressing on the peoples of Asia for more than a decade. Fan. Diemen fell ill and died last year. He was a mighty conqueror who would not hesitate to praise even his opponents, and his death had made many Asian monarchs breathe a sigh of relief in their midnight dreams.

Succeeded Anthony. Fan. Demmen's De. In his reply, Mr. Lin expressed his interest in this and looked forward to a detailed discussion with Shou Order.

The clearing center is a common business need of both parties. The standardization of financial exchange can greatly promote the development of the entire Nanyang logistics system. It could even deeply affect the usury merchants of the Mughal Empire who were active in the South Seas and the local indigenous merchants of Tianfangjiao.

There is no neutral country in Asia like Switzerland, which is orderly and oriented towards Germany. Mr. Lin suggested that the reckoning center be placed on the island of Singapore, in the Dutch-controlled area, but closer to the Golden City. Kaneshiro has a slight disadvantage, but this is a reaction to the reality of the comparison of strength.

At present, the Taiwan Development Bank still needs to rely on the credit of Nanyang Bank. Only when it develops to a certain extent and Taiwan's energy sources continue to produce goods needed in the market, the Taiwan Development Bank can participate in this clearing business on its own.

With the signing of the Westphalian Treaty imminent, it would be interesting to see Portugal, Spain, England, and even the French participating in the Asian clearing center.

Shou Xiang took a drink from his glass, a smile on his face.

"How many bank bills have been issued by the Taiwan Development Bank?"

"At present, there are 300,000 taels, and Boggs is reporting in freshwater, and the number is still growing." Maiden couldn't help but smile when he mentioned the banknotes.

Many immigrants from Jiangnan brought silver, and hundreds of thousands of taels were not a big number.

For the time being, Nanyang Bank is not in a position to issue standardized banknotes, and only has credit instruments such as letters of credit, acceptance bills and bonds.

Taiwan's Development Bank is different, the district of the chief executive of Taipei is a colony with strong military conquest, and the strict armor protection system and the armed soldiers in the harbor are the first to obtain the precious metals in the hands of immigrants.

Immigrants hand over precious metals and obtain bank vouchers. Silver is equivalent to Taipei's foreign exchange, and bank bills are a popular currency in the country.

Taipei Prefecture uses bank bills to organize domestic production and pays for it externally with silver. This is a foreign exchange system that was set up and effectively operated by Zhu Xiang in 94 years after the chaos of the exchange rate system in the 80s of the 20th century, and has been effectively operated for more than 20 years, with compulsory foreign exchange settlement, limited foreign exchange sales, and current account convertibility.

If a private enterprise in Taipei has an external demand for silver payment, it can provide a list, and the Taiwan Development Bank will review the use and make external payments. In the first two years, the card was relatively tight, and it will be gradually relaxed after Taiwan develops.

Foreign exchange such as silver is the base currency of the asset side of the Taiwan Development Bank, and the bank volume is a liability. At this stage, the amount of money issued is controlled by the foreign exchange of silver handed over by immigrants, and the recovery of currency is realized by necessary goods such as grain and other means of production. Once the circulation is established, Taipei can issue banknotes for credit expansion.

Precious metals have always been only reserves for external payments, and it is enough to organize domestic production of paper money.

As long as the domestic production of consumer goods continues to grow, money can continue to be issued. This is fundamentally different from the Song Ming in Chinese mainland issuing uncontrollable Jiaozi and Daming treasure banknotes in a limited and non-growing plate.

Whether money causes inflation or not depends on the products and materials under the control of the regime, not precious metals. It is just that precious metals are naturally money, and there is no need to rely on the power of the state in circulation.

In this sense, any attempt to rely on commerce to subvert the Chinese system is impossible. Chinese mainland is an agrarian society, and the amount of agricultural products produced in the field determines the total economic output of the country. In fact, Sima Guang is the person who sees the problem thoroughly, but Wang Anshi does not understand. Conservation of energy, stable feudal societies without quantifiable spare capacity and could not rely on derived currencies to expand aggregate demand and stimulate economic development. The only way to do this is to raise agricultural taxes, push the peasants to the brink of starvation, and drain them of their last remaining strength.

The same is true for generations. Before the chaos, no one knew exactly where the boundaries of the peasants' bearing were, including the Red Dynasty at a certain time.

In feudal society, any means of changing the law is that the imperial court is gathering and re-dividing the cake.

The economy is a whole, growing so much grain, mining so much minerals, and weaving so much cloth every year. It is useless for the imperial court to spend on commercial taxes, mining taxes, and buying, and all these measures that are talked about will eventually be reflected in the price of grain, cloth, and iron at the end of the market, and the people of the Ming Dynasty who have reached the limit of their ability to bear it will also be unable to bear it. Only the market is considered a luxury tax, which can provide an outward-looking component of the economic dead plate, and has a certain gain.

The national strength of the feudal dynasty could only be maintained to the line of the Great Wall, that is, to the balance of the 400mm isoprecipitation line. The dynasty was so strong that it expanded outward, and the growth of the rest of the force only came from two aspects: the progress of agricultural technology and the increase in the yield per mu; Large-scale improvement of grain varieties has increased the yield per mu.

It has nothing to do with the reasons summarized by liberal arts students, such as thinking, blood, ethnicity, and bureaucratic corruption, which are very simple and cruel mathematical and physical problems. Conservation of energy. The weather is cold, the yield per mu is reduced, and the dynasty must collapse.

There is only one way to break this damn cycle once and for all.

to give farmers more iron tools; Let the logistics cost go down; mining to provide additional energy; Build more permanent buildings with cement.

Yes, this can only be achieved with one thing.

"The beginning of all hope," Shou ordered handed the finished sketch to Maiden, "the fire engine." ”

Atmospheric steam engine.

The Watt steam engine relied on the improvement of material science and technology in the arsenal that had the ability to process relatively high-precision gun chambers after the Industrial Revolution and the production accuracy of the whole society. To Order, copying the Watt steam engine now is delusional.

The tech tree can't be jumped, so you can only start with the atmospheric steam engine.

The difference between the atmospheric steam engine and the watt steam engine is that one is a handicraft made by medieval craftsmen with a miserable piston clearance, and the other is an industrially made artwork.