As mentioned earlier, the Bank of England's reserves, which deal with the financial problems of the British government, are only about 2 million pounds, which is also the total reserve custodian of the whole of London and even the whole of the United Kingdom and Europe (there is no legal constraint, but it has been formed), and the huge cash demand may have an impact on the financial credit of the whole United Kingdom. The purchase of a quarter of the shares of the British Telegraph Company was not only a financial issue, but also a financial operation issue, and the Bank of England needed time to work out a suitable way to send the money, not to mention the fact that Parliament, under the pressure of Mr. Downing's £1.5 million donation, had to draw up a huge sewer construction plan, which was a mega-project of millions, and the Bank of England was under tremendous financial pressure. Four months later, from July to November, Downing had to continue to impose it, saying that he would withdraw the £1.5 million donation if he didn't manage the budget again. Joke! 150 pounds, almost half a year, according to 10% interest will be 6 or 70,000 pounds, so you will consume, the lord will withdraw the donation and pull it down.

British Chancellor of the Exchequer Viscount Halifax, Charles? Wood personally visits the local tyrant, expresses his plight to the local tyrant, and brings a package of solutions, it is said that if the local tyrant follows his plan, there will be various benefits, fame and fortune.

Wood estimated that money was just a number to the local tycoons, so he focused on "fame", and the main purpose was to invite Downing to hold public office, not just one, but four major public offices, one was the chairman of the London Sewerage Commission, the second was a director of the Bank of England, the third was a director of the East India Company, and the fourth was a director of the South Sea Company.

First, the Chairman of the Sewerage Committee. This is easy to understand, and the whole of London knows that Downing is the person who is most eager to clean up the sewers in London, and he threw 1.5 million pounds at the head of the head, how heroic. Absolutely no one will have an opinion on this title.

Second, a director of the Bank of England. This sounds glorious, but anyone who knows a little bit about finance knows that a central bank like the Bank of England cannot make a lot of money, because it is in fact the ultimate lender of all British banks, and it has to have sufficient reserves, which can reach 40% in extreme cases, while commercial banks are generally much less, and they can only make money by lending money. Becoming a director of the Bank of England is something that only someone like the Rothschilds who have a lot of money and cramps would do, and the discount rate (interest rate) is not the final word of the director, the governor is a public office. And you see the Chancellor, the bad guy, who has divided Downing's money among so many companies, and it is impossible for him to become an influential director.

Thirdly, the director of the East India Company. This one is even more deceitful, more deceitful than the directors of the Bank of England. At its peak, the East India Company's revenues exceeded those of the British state, but that was all the same old calendar. With the unbridled spread of colonial expansion, the management of the colonies and the constant wars exhausted the East India Company, and the financial crisis continued. As early as 1770, during the Great Famine in Bengal, one-third of the local population starved to death, labor was scarce, trade was almost interrupted, and the economic depression in Europe made the East India Company almost bankrupt, and it relied on the British Parliament for help to avoid real bankruptcy.

Later, the Tea Act of 1773 caused the East India Company to pursue a monopoly on the North American tea trade, and led to the Boston Tea Party in the United States, which caused the East India Company to suffer a heavy blow. Finally, this "most bullish triad in history" was completely accused by the British government in the process of constantly hitting the wall. The East India Company became a branch of the government, and the Indian governors were more ambitious than the other, and launched one war after another in order to control the entire territory of India and Nepal, which caused the East India Company to fall into financial crisis again, and when they asked the British government for help again, they lost the most important lifeblood - the monopoly of tea trade between India and China. Jardine Matheson became a Sino-British trading tycoon because of the ambitions of these governors.

In 1833, with the deepening of the Industrial Revolution, the monopoly of trade was repeatedly despised, and the East India Company not only lost all its monopoly rights, but also deprived it of its commercial function, because you could not be both the Indian government and an Indian merchant, which was unfair to other British merchants. The government also set up the Indian Control Committee, which almost completely stripped the powers of the former directors of the East India Company. However, the reason why the East India Company did not die was that they found a very good plan to exchange it for Chinese tea - to control the source of opium in Sri Lanka and sell it to China and other places. But he could not have a legal monopoly, which allowed Jardine Matheson to find an opium producer in central India, endangering the opium profits of the East India Company, which was the status quo of the East India Company's existence.

As Downing's local customs in London continued to grow to know him, the Chancellor of the Exchequer did not intend to hide it.

Fourth, the director of Nanhai Company. This last director, especially Shi Ke, is unbearable, this is simply a naked cheat. The South Sea Company is the protagonist of the famous "South Sea Bubble" in economic history, and the term bubble economy is derived from this great scandal. A company that is about to go bankrupt actually asked me to be a director? Does the rich man still have humanity? Is that how you treat the biggest philanthropist in history?

The South Sea Company, together with the Bank of England and the East India Company, is one of the three famous British state-owned enterprises. The East India Company was known for its monopoly on Indian trade, while the South China Sea Company had a monopoly on trade with South America. But the South China Sea Company is simply a scam, the East India Company has a real monopoly on India, and the South China Sea Company does not control South America, which is the territory controlled by the Spaniards, and the supporters of the South China Sea Company (including a group of nobles, big businessmen, parliamentarians, the Chancellor of the Exchequer, and the entire Conservative and Unionist Party) deceived the shareholders and falsely claimed that they had reached a monopoly trade agreement with Spain, but in fact, the Spaniards only allowed the South China Sea Company to send three ships to South America every year! This was also lifted after the Spanish and British became enemies.

As a result of large-scale government deception, the uninformed masses sought out the shares of the South China Sea Company from £128 to more than £1,000. The South Sea Company did this in an interesting way, saying, you can exchange British bonds for our shares. This initiative to increase the liquidity of public bonds has caused the stocks of various Nanhai companies to climb steadily, and they have gone crazy to the point of stock speculation by the whole people. Some people describe "the government forgetting the family, the lawyer giving up the lawsuit, the doctor discarding the patient, the shopkeeper closing the shop, the priest leaving the altar, and even the noblewoman letting go of her pride and vanity".

Financial markets across the UK have been degraded as the government has taken the lead in publishing disinformation, with countless joint-stock companies boasting that they are making money-making bulk purchases to entice investors to buy their shares. The government has had to step in to crack down on these crooks, however, it is the government itself that is the biggest liar. For the first time, the House of Representatives' secret investigation team used third-party accounting to investigate the South Sea Company and uncover the government's conspiracy.

After the Nanhai conspiracy was revealed, the share price fell back to £124, and all the directors' assets were confiscated and a little living expenses were returned. After the government's credit bankruptcy, even the Bank of England's share price was cut in half. Forced to resign as Chancellor of the Exchequer in January 1721, Ethrabi was convicted of "the most notorious, dangerous and heinous of corruptions" and convicted in March by the House of Commons, from which he was discharged and imprisoned in the Tower of London. The complicit Director of the General Post Office and his son, the Minister of the South, died of depression after being scolded by the whole country.

As one of the three major state-owned enterprises, Nanhai did not collapse after the bubble, and it also has assets of 40 million pounds. However, Nanhai has not since developed a South American trading business, and it remains primarily a company that assists the government in dealing with its debts. In 1750, the Spanish government offered the company £100,000 to withdraw some of its trade preferences in South America, and the company withdrew from its trading business, but the remaining trade concessions were not withdrawn until 1807.

The current Nanhai Company is a company that deals with debts, and the bigger the official in the Nanhai Company, the more shameful it is!

The British government has decided to invest a total of 3 million pounds to clean up the London sewers, and because of Downing's generous donation, they only need to be responsible for 1.5 million, so that a total of 4.5 million pounds need to be spent recently, and a part of it will be deducted from the navy's military spending, a part of the special national debt, and a part of the government budget. And these stocks can't be sold right away.

Such a strange gift package, do you say it's annoying?

Downing was puzzled: "Why did I accept such a financial plan?" Crazy about me? ”

Congress returned the money to him after 4 months, this is that he is not in a hurry to use the money, otherwise he would have taken Congress to court, and after looking forward to it for 4 months, he actually sent such a gift list, with only 200,000 in cash? 1.3 million are all pit people stocks that can't be liquid within a year? Well, it's more reliable to hire a barrister, or BT is not for sale. （http：/／）。

The Chancellor of the Exchequer smiled: "These are reliable assets second only to public debt, the only thing to worry about is that you need to be able to circulate after a year, well, this is really unreasonable, the Prime Minister has decided to recommend to the Queen a prestigious title to show your support for the country and London!" ”

This one...... What knighthood? Duke? If it is a duke, you can consider that although it is not a state-owned enterprise stock that does not make a lot of money, it is also valuable, and it is a big deal that the matter of the steel mill will be put in a year's time, or the Situoyuan will not be bought.

The Minister of Finance said: "Baron ......"

Hmph, don't fool me with this most inferior title.

Finance Minister: "Well, the promotion of officials to the knighthood always comes step by step, Mr. Windsor is so young and has a bright future, maybe it won't be long before he can become a knight again...... Becoming a nobleman is a good thing that many people dream of, don't you want to glorify your ancestors, blessings and descendants? ”

This one...... A little baron, it's not a big deal, well, like this: "The cash should be increased to 400,000, and the baron or something is arbitrary." ”

Finance Minister: "How about 300,000?" ”

Tang Ning struggled for a long time, and finally spit out: "Give me another public office." ”

Treasurer: "Huh? What? ”

Downing: "Governor of the Straits Settlements." ”