At present, the construction of railways mainly relies on raising bonds and bank investment, of which the raising of bonds is the mainstay, and a large amount of private capital from the three autonomous provinces of East China has invested in the construction of railways.

It was not only the squires who put their money into railway bonds, but also many poor people who used all their savings to buy railway bonds.

The reason why the Bank of East China, which occupies a hegemonic position among the three autonomous provinces in East China, has more than 300 million yuan in deposits is mainly because all the money has been used to buy bonds.

In fact, the private capital is far more than 300 million yuan, and after those bonds are invested in the railway, they will slowly flow back to the Bank of East China. At this time, the deposits of the Bank of East China had risen sharply to 700 million yuan, and the banknotes had also been issued 700 million.

At this time, the investment boom in the three provinces of East China was not only to run industries, but also to invest in railways.

It takes a certain amount of brains to run an industry, and you don't need to invest in railways, you just need to buy bonds, not to say whether you make money or not, at least bonds will not lose money, and they can also support the construction of railways.

The people's speculative motivation to buy bonds is not high, so the East China Autonomous Government has made relatively strict regulations on bond trading, basically excluding those speculative capital.

Bonds, is a kind of early use of future products, can accelerate the pace of development, at present, the East China Autonomous Government has developed a variety of bonds, with fixed interest, there are also floating interest.

For example, the interest rate on railway investment is floating, but the buyer should get rid of the bond, and the selling price should not be too high to avoid a bubble.

In terms of railway investment, the return on investment is very good.

The three autonomous provinces of East China are taking the industrial route, and agriculture will be very developed, and the railway line will be extremely busy in the future, in this case, there will be no problem with the railway income.

The proceeds of these railways will be distributed to those creditors and investors, so the return is very promising, but if you want to sell the bonds, you can only sell them at 103% of the original price, which is the highest price.

If you buy bonds for the second time, you can only sell them at the original price. Therefore, bonds are only allowed to have some income in the first hand, and the second hand must be held for a long time to have income.

Such strict regulations have just given rise to some underground transactions.

Because at that time, the railway bonds were robbed as soon as they were issued, and later the railway bonds were issued more, and the private capital was almost absorbed, and such underground transactions no longer existed, because people could buy a lot of first-hand bonds.

However, new money continues to appear, because the industries of the three provinces of East China are constantly operating, and they are now able to absorb about $20 million a month in capital from overseas.

In addition to industry, agriculture is waiting.

As soon as the agricultural harvest is harvested this year, coupled with the processing of agricultural products, both agricultural and industrial incomes will skyrocket, whether it is the political axe or the people.

Xia Jun inspected the construction site for a while, and the construction site was opened, and he also had lunch on the construction site.

The food on the construction site is not bad, the rice is all good rice grown in Fujian, and there is also meat, and each worker can get two taels of pork and a chicken leg for a meal.

Because rice can be produced by itself, and flour has to be imported, the price of flour in the three provinces of East China is one-third higher than the price of rice, so there is basically no supply of steamed bread on the construction site.

"Why is it so unpalatable?" Xia Jun felt very depressed after taking a bite of the pork belly, the dishes on the construction site were really unpalatable, and a worker on the side said to Xia Jun: "It's done like this every day, the cook is too bad." ”

"Wasted all this good meat." Another worker said as he ate, and the workers on the construction site were obviously used to it, hungry and gobbling it up.

At this time, one of the workers laughed and said: "I heard that good cooks have been dug into the army, and I heard my nephew in the army say that the food in the army is called a good one." ”

"What do you say! It's good to have meat to eat every day, so eat it! After eating, hurry to work and build the railroad as soon as possible. Another worker said: "The foreman said, after the repair, please go and eat a ton of chicken." ”

The workers' words made Xia Jun realize that cooks are also very important!

After returning home, we have to ask the technical school to recruit more cooks, and now there is a large number of cooks in need of construction sites, schools, the army, and factories.

With the exception of the army and schools, most of the cooks in other places are amateurs.

Even if there are abundant agricultural products, someone has to be able to make something delicious! Improving the quality of food for people helps improve their well-being.

Thinking about it, Xia Jun also devoured this unpalatable meal.

After the meal, the construction site was busy again, and the workers' motivation was very high, and almost everyone was willing to work.

Although these workers were only paid a minimum of two yuan, their food was not bad, although the taste was a little worse, and they were given railway bonds, which were basically one yuan a month, for how long they had been on the construction site.

This kind of bond is only applicable to the lowest-wage workers, whose wages plus the bond are in disguised form equal to three dollars a month, but that one dollar cannot be used for the time being.

Of course, these were not the main reasons, the main reason was that the engineering team gave them the propaganda of revivalism.

Workers who have come into contact with revivalist doctrine know that as long as everyone works hard, the country can be revitalized, and the country can be revitalized to bring them good life.

No one doubts this, in the eyes of these low-level workers, the political axe of East China autonomy is the political axe of the people, and the country in their eyes is the political axe of East China's autonomy.

Xia Jun stayed on the construction site for a day, but after work, many workers still spontaneously stayed on the construction site, and it had been more than eight hours.

After asking, I found out that most of these workers do not need to be paid double when they work overtime.

"Brothers, if you work for two more hours a day, you will be able to complete the work of five days in four days, the railway will be completed ahead of schedule, and the country will be revitalized as soon as possible." A worker with a red scarf around his head stands on a high place to cheer up the workers, and the word 'work' is written on the red scarf.

Apparently a member of the East China Trade Union.

The trade unions in the three provinces of East China are relatively simple, and the initiator of the Labor Party was a young member of the Baxing Party named Wu Yuchen, who joined the Baath Party about a year later and founded the East China Trade Union.

The trade unions have basically adopted the ideas of the Ba'ath Party, but they have adopted the idea of revival from the perspective of the workers, advocating that the workers work hard and speed up the construction of the country.

The main role of the trade unions in East China is to protect the interests of the workers, and if the interests of the workers are harmed, they can go to the Labor Party, and the trade unions will respond to the political axe department on behalf of the workers, or go to the media.

It has only been a little more than a month since the union was founded, and the number of members reported has surged to nearly 300,000, and basically all the factory workers have joined the union.

Seeing the trade union members calling on the workers to work hard, Xia Jun gave a lot of affirmation in his heart, what is needed at present is such a trade union.

At the same time, Xia Jun also realized that the power of trade unions in the future will not be negligible.

At present, the East China Trade Union, which is considered a subordinate of the Baath Party, has a similar surname to the Guangfu Society, and its members are all workers, and the East China Trade Union can unite the strength of the workers to the Baath Party.

…… After Xia Jun returned to Hangzhou, he immediately issued a management regulation, stipulating that if more than 10 people provide food, if they provide their own food, they need to hire a chef of level 4 or above.

At present, the East China Autonomous Political Axe has established a technician rating system, which is generally divided into 1~10 levels, and if you want to upgrade, you have to take the exam.

This kind of rating also brings great convenience to enterprises, as they only need to look at the grades to know what technical skills the people they hire have. For this kind of rating, each industry will hold a meeting every year to revise the rating criteria according to the needs of the industry.

In addition to the regulations, Xia Jun also asked the East China catering company to open public canteens in various places, which must be absolutely hygienic and nutritious, and enterprises and construction sites can go there to order takeout.

Since Xia Jun returned to Hangzhou from the construction site inspection, he began to take the students of the East China Department of Industry and Commerce to invest everywhere. The press began to accuse Xia Jun of not doing his job, the first to attack was "Declaration", and the most excited was "News", which mainly reported business news.

Xia Jun turned a deaf ear to the advice and accusations of the press, and still went his own way.

At the beginning of June, the East China Department Store opened on Avenida da Shanghai, which will later be known as Nanjing Road, the most prosperous area in Shanghai.

On the same day, Xia Jun participated in the ribbon-cutting, and the land of the East China Department Store on Avenida was bought by the Jewish businessman Hartung, and the real estate in Shanghai is not very hot at present, and the purchase price is relatively cheap.

After several months of construction, a six-story East China Department Store was finally completed, this building is very luxurious, and the turnover soared to 40,000 yuan on the first day after Xia Jun cut the ribbon.

Then, Xia Jun led the students of the Department of Industry and Commerce to establish the East China Photography Manufacturing Company, and registered a patent for color photography, which preempted the Germans and ended the history of tricolor photography.

The Kodak company has no chance, because the patent is in Xia Jun's hands, and Tana will also open a camera manufacturing company in the United States.

Then Xia Jun opened the East China Photo Studio, which uses the most advanced equipment such as new cameras, and has already trained a lot of cameramen in the technical school.

At the same time, Xia Jun is also cultivating film talents.

No, Xia Jun immediately devoted himself to making movies, and on June 8, he established the East China Studio and the East China Record Company, and then built movie theaters in various counties and cities.

even made the public opinion circle accuse Xia Jun, saying that he is not doing his job properly and is greedy for money.

Xia Jun's performance made Yuan Shikai very happy, and increased his involvement with Xia Jun, seeing that Xia Jun went to make a movie, he gave Xia Jun a preferential policy of opening a movie theater across the country with tax exemption.

Yuan Shikai was naturally happy to see Xia Jun not doing his job, and the more he was like this, the less threatening he was to him. However, what Yuan Shikai didn't know was that the administrative system of the three provinces of East China Autonomous Province had slowly stabilized, and Xia Jun only needed to give orders every day, and many people below could call the shots.

There were also some critics in the press, believing that Xia Jun was abusing his power for personal gain. Only the East China Autonomous Political Axe knows that the money of the East China Group and the money of the East China Autonomous Political Axe are inseparable, and the East China Group is basically transfusing blood to the Ministry of Finance every month.

Obviously, the chairman of the committee is focusing on solving the financial problem, and for this reason, the East China Autonomous Political Axe is very moved, and there is nothing to be afraid of with such a chairman who can make money.

(To be continued)