The Pan family, the Cao family, and the Zhe family spent a lot of money to buy detailed charts from Cai Dao, and they divided the three largest islands in the South China Sea by drawing lots.

The rest are these generals who rely on their own skills and net worth.

The ability is the ability to fight a war and lead the army, the large islands in the South China Sea are not uninhabited islands, there are local natives, and the big cannibals who crisscross the world during this period also began to immigrate to these soldiers. Therefore, the colonial group of these military generals needs to deal with two enemies.

Net worth, naturally, refers to the money in the family, and if you want to seize the big island, you must have money in your hands and recruit soldiers. When they go overseas, they must adopt a conscription system.

Without the lure of money, don't expect how loyal these people are.

Moreover, the battle on the island is different from that on land, even if the Cai family is now leading the world in sea ship technology, but the vast majority of the generals of the Great Song Dynasty are northerners, and they are very unsuitable for the rainy, hot and humid weather in the south. As a result, many more people have died because of various epidemics than in actual war.

Cai Dao has thought of many methods, and has greatly reduced the number of people who have been attrition of these colonial regiments for non-combat reasons.

God bless you for four years, and everything is fine.

At this time, the news from Liaoguo made those who doubted Cai Dao's purpose seem to have found the answer.

Yelu Yanxi, the new monarch who was responsible for the ministers of the Liao State and the hopes of the military and the people, disappointed all those who had high hopes for him.

At the beginning of his ascension, Yelu Yanxi was demoted to his grandmother Xiao Guanyin and father Yelu Jun Zhaoxue, and all the ministers who were framed by Yelu Yixin were rehabilitated, while those henchmen who were attached to Yelu Yixin were all killed.

However, in the face of the many crises inside and outside the Great Liao Kingdom, Yelu Yanxi did not want to forge ahead, did nothing, and entrusted the national affairs to his trusted ministers such as Xiao Fengxian and Xiao Delidi, but he blindly hunted and lived a life of absurdity and luxury.

In this case, Yelu Yanxi has just succeeded to the throne for less than two years, and the struggle between the nobles of the clan in the court has begun to intensify, and the oppressed people who have been unable to survive have also risen up one after another.

The Great Liao State has never been dominated by a nation, the Khitan people are only the royal family of the Liao State, and the Xiao family, who often becomes the emperor and queen of the Liao State, is the Xi people.

Therefore, the leaders of various tribes also rose up against Liao.

At this time, Cai Dao issued a new law that shook the world in the first month of this year - the farmland tax exemption law.

The main purpose of the new law is to cherish the kindness of the Empress Dowager, and since the fourth year of Tianyou, all people with less than 50 acres of land in their homes, including barren fields and mountain fields, will be exempted from land tax and materialized ding tax.

However, every year, all the people who were exempt from tax had to sell a certain amount of grain to the imperial court at market prices in their cultivated land.

For example, in the vicinity of Luoyang Mansion and Bianliang City, a strong man can get 20 acres of cultivated land and 5 acres of wasteland, and the specific amount of grain he needs to sell to the imperial court is 25 liters.

If, the land in this strong man's family is highly productive, after the harvest, he can leave part of the grain for shortage, and the other part of the grain can be sold to repay the money.

At this time, if it is near Gyeonggi, the people of the six departments can come to bid for the surplus grain in the hands of these people. If it is a local place, the two departments, the household department stationed in the local grain collection staff and the local standing position to bid.

Although this new law is to get the same amount of grain from the people, the new law was an agricultural tax in the past, but now the new law has become a business, and the government has to pay money.

Many New Party officials are questioning whether Cai Dao's new law will succeed, and the most frequently asked is,

Where does the money come from?

In essence, although the new law did not reduce the total production of food, where will the money come from if it is necessary to spend money on food that can be obtained without spending money at all?

Sima Guang said that there is a fixed amount of wealth in this world, and if you spend more money here, then the treasury of the imperial court will have less money. Later, it's even worse, because it's a bid, which may be more expensive than before.

But Cai Dao was not worried about this at all, he replied, and he will see it when the time comes.

By the way, the new law does not apply to those tuntian soldiers.

Is Cai Dao short of money?

Of course, he is short of money, if he is only responsible for himself, he is not short of money at all, but now, he has been in charge of the finances of the entire Great Song Dynasty, and only then does he know that even if the Great Song Kingdom refines 100 million copper coins every year, the shortage of money among the people is getting worse.

With the gradual prosperity of the Great Song Dynasty, the copper coins refined in the Great Song Dynasty also became the hard currency of merchants in trading. The subjects of the Tangut Dangxiang, the Gaochang Uighurs, the Great Cannibals, the Goryeo, the Wa, the Dayue and Dali Kingdoms are now the main trading currencies of the Song Dynasty. Therefore, there are countless copper coins smuggled out of the country every year.

What's more, those wealthy households in the south now feel that the value of land appreciation and preservation is continuing to decline, so they have taken home the newly minted copper coins, wrapped them and buried them low.

Therefore, the shortage of money is not that there are really not enough copper coins, but that there is too little living money circulating into the market.

There are many solutions, but there are many sequelae. For example, anyone who traveled to the Song Dynasty to be the prime minister and solve the financial problem must use nirvana - paper money.

Jiaozi has been used in Bashu for many years, and the effect can only be regarded as a living in general.

If Cai Dao's presiding over it, this problem will definitely be solved quickly.

But what about after that?

Paper money is like a Pandora's box in this era, those who open it will be bewitched by its dazzling colors, but once those in power cannot control their desires, they will abuse the credibility of the court. There will be two endings.

First, like Zhu Yuanzhang and Zhu Di, they issued paper money indiscriminately.

As a result, it didn't take long for the usual treasure money to be inferior to the butt paper, and it was often the ordinary people who suffered from it.

Think about it, the currency printed by the government itself, but when it comes to collecting taxes, the government itself does not recognize the currency issued by itself.

Second, as the emperors of the Yuan Dynasty and Chairman Chiang did, they issued paper money indiscriminately.

The end result was that they were all completely driven out of the land of China by the People's Rebel Army.

In the later period of the Republic of China, the people in the Kuomintang had to carry sacks containing gold yuan coupons on the street to buy something. It can be seen to what extent the value of the gold yuan bonds issued by it has depreciated.