Chapter 51: Continuing the Loan
In April, spring sowing has also begun in various places, and this year's sowing is different from previous years, and what is planted this year is planned by the political axe.
Most of the area is planned, and only a few areas are free to grow the main crop.
The peasants and landlords do not have much of an opinion on this, because they do not have any market pressure at the moment. The political axe gave them the promise that if the things they planted were affected by disasters or the market was bad, they could be tax-exempt or even subsidized.
At the same time, among the planned crops, they also planted new varieties with high yields, which allowed farmers and landlords alike to accept the plan of the East China Autonomous Political Axe.
In addition, the political axe has begun to sell tractors to them in the form of loans, and they are interest-free, and tractors have been bought in various places one after another, which solves the labor intensity in transportation.
Other agricultural machinery has also begun to be sold, and most of them can make interest-free loans, but for the sake of capital withdrawal, many things are required to be paid off within three years, but there will be no forced surname to collect money.
Reclamation companies, on the other hand, have received greater technical support, such as the tens of millions of acres of cotton land in Jiangsu, where mulch film is used for sowing. These mulch films must be recycled and cannot be buried in the ground.
At the same time, Xia Jun also provided advanced machinery and equipment to those agricultural reclamation companies, and those who had shares were invested in these equipment, and those who did not have shares were provided to them in the form of loans.
In order to protect the interests of long-term workers, Xia Jun opened the 'East China Life Insurance Company' and hired Lu Yuequan, the future manager of Huaan Life Insurance, as the manager.
The insurance industry entered China with the development of Sino-Western trade. As early as 1805, W.S. Davidson, the manager of the opium department of the East India Company, initiated the establishment of China's first insurance company in Guangzhou, namely the Canton Insurance Society.
In 1835, there was Yu Renyangmian Insurance Company in Guangzhou, both of which were engaged in property insurance. After the Opium War, more foreign property insurance companies were established. The property and casualty insurance companies run by the Chinese began to emerge shortly after the official operation of the China Merchants Steamship Bureau in 1873, and insurance companies such as China Merchants Insurance Bureau, Jihe, and Renhe were established successively.
The Foreign Life Insurance Company was established in 1846 by the British company Yongfu and Great Eastern, but due to the lack of statistics on the life expectancy of the Chinese population, before 1888, the foreign life insurance company did not underwrite Chinese life insurance, but only the life insurance of foreigners in China.
However, by 1900, there were only about 3,000 British and American expatriates in the Shanghai Public Concession, so it was an inevitable trend for life insurance companies to underwrite Chinese customers. However, at that time, the number and scale of life insurance companies, whether foreign or Chinese, were far smaller than those of property insurance companies.
At the beginning of the 20th century, Chinese-funded life insurance was once on the rise, but due to poor management, most of the people closed down, in 1912, Lu Yuequan summed up the lessons and lessons of the previous Chinese-funded life insurance companies, and consulted the East China Provisional Political Axe.
This made Xia Jun attach great importance to it, and immediately invited Lu Yuequan to his home for a detailed discussion, Lu Yuequan can be said to be a salesman who is only proficient in life insurance in China at present.
Xia Jun is in urgent need of an insurance company, without which workers and long-term workers engaged in agricultural production will have no personal safety guarantee.
In this context, East China Insurance Company was soon established.
As soon as Huaan Insurance Company was established, Huadong Group, Zhongsheng Group and Huasheng Group took the lead in purchasing labor insurance for all employees, and 19 members of the East China Industrialists Club also purchased labor insurance for their employees.
Because these emerging industrialists supported by Xia Jun have purchased labor insurance, thus playing an exemplary role, other industrialists have also bought labor insurance after receiving the notice.
To this end, Xia Jun asked the Ministry of Justice to promulgate the Labor Law, which stipulates that all operators must purchase labor insurance for their employees, even temporary employees. Those who do not purchase within three months will be punished twice as much after being found.
The Labor Law also stipulates that the minimum wage for workers shall not be less than 2 yuan, an eight-hour working day must be implemented, overtime pay will be doubled, and those who use black labor will be fined.
For those enterprises, it is very simple to supervise, and those workers who have not bought labor insurance will naturally report or find reporters to report, and those long-term workers in rural areas who are more difficult to supervise. Some of those landlords may be more stubborn.
Because Xia Jun was fully prepared before spring sowing, although the planning was a little less detailed, the output of various crops was also under control, and there would be no overcapacity, which would naturally not cause the price of agricultural products to fall.
At the same time, during this year's spring sowing, farmers and tenants who do not have the money to sow seeds can apply for loans from the Autonomous Assembly, which will report the necessary spring sowing materials.
Such a policy could be said to put an end to the local usury, which was usually used by the landlords to amass their property.
Loans are given to farmers and tenants during spring sowing, and when it comes to harvest, they will take back the principal with interest, and if they can't afford to pay it back, they will use the land to repay.
Now the political axe lends to them in kind, and does not charge any interest. The poor people in the three provinces of East China can now see that the autonomous political axe is a political axe for their sake, and they are also confident.
If they encounter any grievances and are bullied, their first reaction is to find a political axe, and if the local political axe is not properly handled, they will go to petition or find reporters, and there are various channels to give them justice.
This is also due to the propaganda of the Propaganda Department running up and down all day long, and the Propaganda Propaganda Departments in various places basically go to those villages every five or six days to reflect the propaganda film.
In such an atmosphere, those rich people do not dare to bully people at every turn, so they may get into a lawsuit at any time, and the local government generally does not accept bribes.
Since the beginning of the year, hundreds of bribery cases have been exposed in various localities, and most of these bribery cases have been exposed by officials when others have bribed them.
Most of those administrators are hot-blooded young people selected from East China University, and once they get the stage at this time, they naturally want to show their ambitions well, and bribe them to find death.
Now Xia Jun has a high salary and a low salary, and those hot-blooded young people are bent on developing people's livelihood and economy.
Since Xia Jun revised the Criminal Law and made that speech, the administrative atmosphere in the entire three provinces of East China has begun to develop in the direction of honesty and efficiency. After the implementation of various supervision systems, basically no administrative personnel dared to mess around.
These surveillance systems are not about selling dog meat on the head of a sheep, but definitely doing what they say, and the media plays the most important role in it.
After all, even if some supervision systems are determined, if the punishment organs are sheltered, it is equivalent to not having them, and with the supervision of the media, if those punishment agencies mess around, they will face the danger of being exposed, and then the chairman of the committee will hold up the butcher's knife against them.
At this time, the most popular projects in the local area are the construction of roads, railways, water conservancy, and education.
Whether it is a road or a railway, there is a presence of bank capital, but the bank only builds roads and railways at the provincial, county and city levels, and the township-level roads below are built by local political axes.
In order to build roads, Xia Jun launched fundraising in various places, and also issued bonds.
In terms of education, because Xia Jun allocated a huge amount of money to the Ministry of Education, schools around the country have been stepping up construction, and the Ministry of Education has also issued an education lottery.
Since last year, the Ministry of Education has been stepping up the training of teachers, and since the peace talks between the North and the South, the Ministry of Education has sent a large number of personnel to other provinces to dig up the corners of other schools.
At present, Xia Jun's financial situation has greatly improved, and 400 million yuan of Fuxing coins have been issued within a few months, and Fuxing coins have begun to be used in the markets of the three provinces of East China, and no one has used silver dollars anymore.
Fuxing coins are exquisite and convenient, with high anti-counterfeiting capabilities, and there is no more desire to use the more troublesome silver, which mostly flows into the central bank.
At this time, the East China Autonomous Government has completed the preliminary process of issuing banknotes, and then it is time to issue additional banknotes, Xia Jun's first step is to issue an additional 20 million yuan banknotes, and the Ministry of Education will issue another 2 million yuan of auxiliary currency.
After the issuance of the 20 million yuan banknote, it will be used for the construction of infrastructure such as water conservancy facilities.
For the issuance of additional currency, Xia Jun is currently more cautious, the current market is not the trend of monetary tightening, so Xia Jun does not dare to issue too many banknotes.
However, the next additional issuance of banknotes should be on the eve of the summer harvest, when the agricultural output value of the three provinces of East China Autonomous Region will increase sharply, and if no currency is issued, the price of agricultural products will fall, and there will be a monetary tightening.
At present, the industry of the three autonomous provinces in East China is stimulated by Xia Jun with various means, so the industrial development is also very rapid, and as soon as the industrial output value increases, the currency must also be issued, otherwise there will be a monetary tightening.
It is used to cope with the increase in industrial output value, and the current purchasing power of silver in the three autonomous provinces of East China has been a little too high, and the issuance of an extra 10 million banknotes can solve this phenomenon.
In terms of loans from the Germans, Xia Jun will also invest in the construction of infrastructure, such as building roads and railways, which are all profitable.
When the time comes, these investments can be recouped as soon as the toll is collected.
It was at this time that Xia Jun began his next plan, which was to increase the amount of the loan.
At this time, the situation in China had stabilized, and the factories and railways in Xia Jun's hands could be used as collateral in exchange for loans.
Xia Jun once again asked Li Shengguo to talk to those foreign banks about loans, and Xia Jun had a very crazy idea, that is, to lend out everything he could borrow.
In addition, these loans are only for 6 years, because after 6 years, it will be almost the end of the First World War, which was a golden stage of development, when the factory will enter a period of windfall profits, and basically these loans can be repaid at this stage.
If you can borrow a huge amount of money at this time, then you can prepare for the outbreak of World War I, and the more money you have, the more you will make when the time comes.
(To be continued)