PS: The second update is here! 6000 word chapter. Since I changed the keyboard, the code word can't stop at all, or the keyboard of Shuangfeiyan is easy to use!

Compared with Zhang Shi's considerable income, the land allocated by Li Liuwen of the same Huangzhuang is a cut off, only 20 acres of irrigated wheat yield reached 2 stones, and the remaining 10 acres are dry land, and this year, only 8 stones of wheat have been harvested from these ten acres of dry land. However, Li Liuwen still has ten acres of sandy land, and these ten acres of sandy land are all planted with sweet potatoes, and they don't have to pay rent.

Li Liuwen's family has six people, two parents, and two and a half sons, 48 stone wheat was harvested, 14.4 stone of tenant rent was paid, 33.6 stone of wheat was left, 8 stone of wheat was left for his own use, and the remaining 25.6 stone of wheat was sold to the grain store, and nearly 18 silver dollars were obtained.

Compared with Zhang Shi's family's income of 25 yuan, it is 7 yuan less than 350 yuan. However, only Li Liuwen's house has five acres of sandy land, which is very suitable for the growth of sweet potatoes, and the yield of sweet potatoes is a bit crazy, even if it is not watered much, there is a yield of more than 20 stones. The income will not be much worse than that of Zhang Shi's family. Moreover, Li Liuwen has a large family, and the two and a half children are already able to work, which makes Li Liuwen a lot easier.

As the saying goes, more people are better to do things, and fewer people are better for the New Year. But Li Liuwen is obviously very good this year, because the summer harvest has already entered 18 yuan, and 10 yuan has been returned to the bank, and there is still 8 yuan left in her hand. This 8 yuan is enough for the Chinese New Year, and it can also buy a new dress for the whole family. In addition, after the summer harvest, there will be sweet potato income. At the same time, all the fields that have been harvested can be planted with corn. income from these corns. These sweet potatoes and corn are not subject to rent. The family also has more than 20 chickens, which can lay eggs every day. If you can't eat all these eggs, you can still sell them, and you can sell some chickens by the end of the year. In this way, you can still earn at least 10 silver dollars by the end of the year.

At the end of the year, the family saved some silver, which could be kept for the two and a half sons to marry their daughters-in-law. And now I still live in a big tiled house, so I don't have to worry about food and clothing.

As for the bank loan, the farm implements, seeds, and cattle are about fifteen yuan. This year, 10 yuan has been repaid, and there is still 5 yuan left to pay it back. In addition, there is a loan of 50 yuan for a large tile house, and 10 yuan per year. You will be able to pay off the loan after five years.

In fact, the bank loan only needs to be repaid for 5 yuan a year, and it will be repaid in about 10 years. And these loans are still interest-free, so there is no need to worry about being rolled over. But people in this year are still relatively affordable, and Li Liuwen directly repaid 10 yuan this year. And Zhang Shi of the same Huangzhuang. This year, he directly repaid 20 yuan. It only takes more than three years to pay off the loan.

In contrast, the cost invested by the Royal Agricultural Company was directly recovered by nearly half in the second year of the Apocalypse. Because of the improvement of water conservancy and agricultural production technology, the tenant rent collected by the Royal Agricultural Company increased dramatically.

Of the 30 million mu of Huangzhuang land, 80% of the land is planted with wheat, reaching 24 million mu, and the average tenant rent per mu is 0.52 stones. A total of 12.48 million stone wheat was collected and sold at a price of 0.7 yuan. Converted into taels, it is 7.25 million taels, and the reclamation cost of Huangzhuang land is built according to the specification of 0.5 taels per mu.

With the addition of interest, as well as interest on some subsequent interest-free loans, it only takes 3 years to recover the cost. Three years later, the tenant rent of the Royal Agricultural Company in Beizhili will be net income, but the land property rights of these imperial villages in Beizhili will definitely be handed over to those farmers in the next few years. After all, if Daming can expand outward, the land of thirty acres per household will appear to be less and less, and it is obviously not suitable to collect tenant rent from others at this time. And it is obviously not very reliable to let these farmers change jobs. People settle down to live there, and changing jobs will cause turmoil in many families, and turmoil means loss.

In contrast, the Huangzhuang in the Golden State area, which adopts the employment system, is the one that the royal family can hold the land for a long time.

At present, this 30% of the tenant rent is actually equivalent to an agricultural tax. In the future, such small-scale yeoman farmers, who cannot be called farms, will obviously be exempted from agricultural taxes. In the future, only those agricultural producers at the farm level will be required to pay agricultural taxes.

At present, Zhu Youxiao is letting the landlords take a stake in the Royal Agricultural Company by buying land in Beizhili, which on the surface seems to be a frenzied annexation of land, but in fact it is carrying out 'redistribution of the means of production', and although the property rights belong to the Royal Agricultural Company, the actual right to use them is in the hands of the peasant households.

In order to ensure agricultural production and the stability of the agricultural population, it was imperative for Zhu Youxiao to annex the land of the landlords of Beizhili.

However, since the introduction of the plan to invest in the Royal Agricultural Company, few landlords have responded to the plan, and those who have come to the house have been very active.

Although the tenant rent of the Huangzhuang is 30%, there are many servant laborers on weekdays. However, the forced labor will build more things that the farmers themselves can use, such as various water conservancy facilities, roads, and so on. Huangzhuang's water conservancy facilities are required to ensure harvest in drought and flood, and farmers have relevant policies for disasters and illnesses, and the armor protection system also ensures the safety of farmers, so that most of the homesteaders in Beizhili are actively investing in the Royal Agricultural Company.

The most important thing is that after the shares, the annual rent can also be distributed to their heads, although it is certainly not as high as 30%, but after they buy shares with land, it is equivalent to they only need to pay a maximum of about 10% of the tenant rent every year, which is better than dedicating it to the names of those masters and jinshi masters.

As for the landlords of Beizhili, only more than 300 people have joined the shares, and the shareholding land is only 230,000 mu. For these landlords who responded to the shareholding policy, the Royal Agricultural Company also gave some more shares.

is so faceless, Zhu Youxiao decided to give these landlords a big move.

First of all, the 'Royal Stock Exchange' was established in the capital, and at the same time, the Royal Agricultural Company was split off from all the land in Beizhili to establish the 'Beizhili Agricultural Company', while the Royal Agricultural Company retained the orchards, pastures, and farms in the Golden State area operated by hired labor.

After the split, the shares of 'Beizhili Agricultural Company' were officially issued and listed on the Royal Stock Exchange, and more than 10 private enterprises were also listed and traded on the Royal Stock Exchange.

End of May. The Cabinet of Ministers introduced the Law on the Management of Tenant Leases in Hoknaoli, which stipulates that all agricultural land owned by non-listed trading companies in Hokkai-kon-ki-li. When the land is leased to a tenant farmer for cultivation, the annual tenant rent shall not be higher than 15 per cent, and all leases signed shall be governed by the Act, and any tenancy in excess of 15 per cent shall be regarded as an offence and shall be fined not less than 500 yuan. A fine of less than 2,000 yuan.

The level of tenant rent is greatly related to the size of the population. The smaller the population, the lower the tenant rent. It may even be just a symbolic charge. And when the population is larger, the tenant rent will be higher. For example, in some paddy fields in the south with relatively high yields, tenant rents have even reached 70 percent of the frenzied amount.

Because the more land, the more tenant farmers. The tenant rent is considered high. If you don't plant, someone will.

At this time, the population of Daming was already relatively explosive. As a result, tenant rents remain high. The tenant rent in Beizhili is usually 40%. However, as soon as the "Beizhili Tenant Management Law" was promulgated, it was forced by the official to press to 15%, which is simply cutting meat on the landlord!

This is equivalent to forcibly depriving the landlords of Beizhili of their income.

As soon as this policy was introduced, the cabinet was immediately attacked by a large number of officials representing the landlord class, and the recital flew to the cabinet like snowflakes.

At the same time, various protests were carried out by the landlords of Beizhili.

But apparently the protests were ineffective, and no one wanted to follow these landlords. Today's North Zhili. Because of the prosperity of the economy, the number of jobs is growing. Ordinary people regard Zhu Youxiao as the Holy Lord Mingjun, who is willing to follow these landlords to make trouble. And there was no one happier than the tenant farmers, which would have been in their favor.

As a result, the landlords had no way to resist this decree except to shout slogans and pull banners in protest. Zhu Youxiao's hand was really dirty, he did not directly tax the landlords, so that the landlords transferred the pressure to the tenant farmers, which caused the tenant farmers to also make trouble, but suppressed the benefits that the landlords obtained from the tenant farmers, and divided the interests of the two groups of landlords and tenant farmers.

These landlords have lost their popular base, and it is impossible to incite a popular uprising to rebel against the mandatory 15% rent. So much so that it was useless to make trouble for a long time.

Even if you can rebel in Beizhili, it is obviously even more useless. At this time, Zhu Youxiao had already organized nine new infantry divisions in Beizhili.

The fact that so many elite troops gathered in Beizhili was also an important reason why Zhu Youxiao dared to directly attack the interests of the landlord class.

And after this decree was promulgated, not all landlords were willing to come out and make trouble. Because they found that although the rent was reduced to 15 per cent, at least there was still it. At least the land is still theirs, and a little less is a little less, and it is acceptable. If you can't accept it, you can take the land to the Royal Agricultural Company to buy shares, and after the shares, you can still get about 30% of the tenant income, although it may be reduced due to various construction expenses, but at least there are more than 20% of the tenant rent. The main thing is that if these lands are exchanged for shares, it is relatively easy to monetize.

Because the 'Royal Stock Exchange' was established, the function of this stock exchange is to allow these landlords who have invested in land to transfer their shares more easily when they are short of money.

In the past, many landlords were reluctant to take a stake in the Royal Agricultural Company, and their concern was that after the shareholding, when they urgently needed money, these land assets would not be easy to realize. But now after taking a stake in the 'Beizhili Agricultural Company', which was spun off from the Royal Agricultural Company, it will obviously become easier to monetize.

Moreover, the share price of Beizhili Agricultural Company, since the opening of the Royal Stock Exchange, has immediately risen from 3.5 yuan per share to 5.8 yuan per share, and has stabilized at this price.

1 share of Beizhili Agricultural Company represents one acre of good land. Some land 5 acres is converted into 3 acres, some 2 acres are converted into 1 mu, and some 3 acres are converted into 1 mu, and the conversion standard is not only to examine the quality of the land, but also water conservancy facilities and traffic conditions.

Because of the listing of the Beizhili Agricultural Company and the emergence of the standard of representing land per share, the land of the Ming Dynasty began to be traded with this conversion standard.

The share price of the North Zhili Agricultural Company is first and foremost guaranteed by the Royal Bank. Anyone who wants to lower the stock price by selling a large number of shares of the Beizhili Agricultural Company will be ruthlessly blocked by the Royal Agricultural Company with a huge capital, so it is under the protection of the Royal Bank. The share price of Beizhili Agricultural Company will not fall below 5 yuan per share at present.

The reason why the share price of Beizhili Agricultural Company can rise to 5.8 yuan and remain stable is mainly because the stock dividend of Beizhili Agricultural Company has reached 0.35 yuan per share. After the price per share rose to 5.8 yuan, the annual return on investment still reached 6%.

At the same time, the Royal Bank announced an interest rate cut.

The interest rate on ordinary deposits of Royal Bank has been reduced to 1%, while the one-year tenor of fixed deposits of more than 20 yuan has been reduced to 2%. 3% in 2 years, 4% in 3 years, and 5% in 5 years.

Equivalent to this policy. It does not affect the Royal Bank's absorption of fixed deposits from ordinary people, and ordinary business with an annual interest rate of 10% for 5-year deposits needs to be reviewed. Only one old interest rate deposit account is opened per account. Certificates of deposit exceeding $20 do not need to be reviewed.

Long before that. This policy has already begun to be implemented. Large-amount fixed deposit business. The quota given by the bank is getting smaller and smaller. Every time the quota is released, it will be snatched up by a group of powerful and wealthy businessmen, competing to handle the five-year deposit business.

After the interest rate reduction reform, each household only enjoys a fixed amount of 20 yuan for 5 years of fixed deposits, which can only drizzle for those powerful and wealthy businessmen, maybe they spend more than 20 yuan a day, let alone the 20 yuan of 5-year deposit interest.

The most important. For ordinary deposits, the interest rate has dropped to 1%. That is, 10,000 yuan will be deposited in the bank. Only $100 per year can be accrued in interest.

After the interest rate cut, bank deposits suddenly fell quite a bit. But the Royal Bank is really not short of money at this time, and the deposits of a large number of people are very terrifying. With these ordinary people's savings as money, it can still be well maintained.

Moreover, the working capital of many enterprises, even if the bank only has 1% interest, this money is also money! And nowadays, transactions between companies are often carried out through bank transfers. Because of their convenience, banks have become dependent on many economic activities.

The money in the bank was quickly poured into the stock market. At this time, the Royal Stock Exchange, the first batch of listed companies a total of nine, the profit rate of dividends, are about 10%, the price is soon poured into the stock market capital is too high, all the way up to about 6%.

Profit dividends are relatively easy to control, and the nine companies listed are all companies under Royal Capital. The amount of profit can be regulated at any time, and the best way to regulate it is the tax of the imperial court. If the profit is high, the tax will be set high, and if the profit is low, it can be lowered. After some correction, the profit was compressed, and although the money ran into the hands of the imperial court, for Zhu Youxiao, it was just a left-handed change to a right-handed, and the money was still in his hands.

A portion of the profit is used to expand the business before dividends are paid. The amount of dividends is actually very well regulated. It's just that there is a time lag in regulation, so within this time gap, dividends may be lower, or they may suddenly increase because the company suddenly makes a lot of money, which is the profit space that speculators can chase, as well as the risk space that may be assumed.

Therefore, the pricing of the stock price is determined according to the dividend, which is set at 10% of the investment amount. The banks suddenly cut interest rates, and those other speculators saw that it was not cost-effective to put the silver dollars in the banks, and they found the interests in the stock market, so they quickly poured into the stock market, and carved up the first batch of shares that had just been issued. But in fact, there was not much to carve up, and the first batch of shares listed was not much, and it was quickly bought by the Royal Bank itself.

The price was then rapidly raised to a 6% return before the stock was gradually released. Although it fell to 6%, the stock was still divided up by hot money.

As prices fluctuate, the nine listed subsidiaries of Royal Bank Holdings began to issue additional shares and absorb shares, and when the return on investment of stock dividends was less than 1%, they would sell off some of their shares to avoid speculative bubbles. Speculative bubbles are actually a good way to make money, but if the stock market starts to make money in a bubble, it will scare people away.

And bubbles can not only make money, but also frantically give rise to all kinds of construction activities, if it is just for the sake of money, and people realize that stocks are state-recognized legitimate 'casinos', and bookmakers can give thousands at will, then investors are not fools, and their minds will be quickly enlightened.

Therefore, for the time being, there will be no speculative bubbles in the securities exchange market, and if there are private businessmen who want to manipulate the stock market, they will raise prices by crazy. Then attract others to enter the market as a pick-up man, Royal Capital will directly increase the circulation of shares, and directly suppress the price. Stocks that are sold at a high price. Apparently earned.

As a result, the Royal Stock Exchange soon turned into a relatively moderate investment market.

When those landlords looked at the listed dividends of the Beizhili Agricultural Company, they actually reached 0.5 yuan per mu, which was calculated at a price of 1 yuan per stone at the price of 0.5 stone per mu of grain. The dividend is significantly higher than the 15% of the "Beizhili Tenant Rent Management Law", which is exactly 30%, and even higher than their 40% tenant rent. Because of these landlords. Their land was given to tenant farmers for production, and then there was no management over the tenant farmers, let alone technical guidance. The water conservancy facilities are so unevenly repaired that the grain yield per mu of land is much lower than that of Huangzhuang.

After the royal capital monopolized the sale of commercial grain, these landlords had to sell grain at a price of 0.7 per stone. Higher than that. You can't sell it in large quantities. If you want to sell to other provinces, sorry, pay a tariff first. The grain export tariffs in Beizhili are absolutely scary.

If I don't sell it, can I make my own wine?

I'm sorry, but the wine industry is also subject to a high tax rate, and the wine industry is targeted by the royal capital because of its windfall profit factor, and the tax is passed by the tax office. and the tariffs blocked the entry of liquor from other provinces, and the winemaking industry was occupied by royal capital. If those landlords make their own wine for sale. The result is even more losses.

That Lao Tzu hoarded goods, waited for natural disasters, and raised food prices.

This idea is also sorry, they can't help but raise the price of food. The royal capital is a big deal to mobilize grain from the south, and the Huangzhuang produces a lot of grain, and it can also reserve a large amount of grain! As a result of the price hike, the grain is rotten in the warehouse and cannot be raised. After it becomes stale grain, the price is still affected.

So much so that under various measures, the grain of these landlords in Beizhili could not be sold at a price of more than 0.7 yuan. At this price, the dividends of the Beizhili Agricultural Company are even higher than their 40% tenant rent.

The most important thing is that after taking a stake in the Royal Agricultural Company, the land can be quickly realized! Nowadays, there are a large number of investment projects in Beizhili, and the return on investment is very good, at least much higher than the land. Although land is a fundamental thing, in the case of Beizhili, it doesn't matter whether there is land or not.

This is because there will obviously be no big problems in grain production and food supply in Beizhili, and grain prices will not fluctuate. Therefore, land, as a means of production, is no longer so valuable. Now that others have money, they are all investing in industry, who is going to buy their land? So much so that those landlords in Beizhili now want to sell their land, unless they are in a better location and have other functions. Otherwise, the price of land will not be higher than the price in the stock market at all.

As a result, some landlords found that if they invested their land in the Beizhili Agricultural Company, and then cashed out the money and used it to invest in industry, it was obviously more profitable, and the speed of capital accumulation was much faster than if they were clinging to the land. And those landlords who don't know how to do business also feel that after taking a stake in the Beizhili Agricultural Company, the dividends they get are higher than the current 40% tenant rent, and it is obviously very cost-effective to take a stake in the Beizhili Agricultural Company.

"Beizhili Tenant Management Law", securities trading market, bank interest rate cuts, land dividends. After the implementation of these successive policies, a large number of landlords began to take shares in the land they held and into the Beizhili Agricultural Company.

The land was invested in the Beizhili Agricultural Company, and although the landlords obtained the equity, the land management rights fell into the hands of Zhu Youxiao.

Then next, there is a way to put these landlords 'strikes out', of course, there will be no need to do this for a while. More importantly, after these landlords became shareholders of the Royal Agricultural Company and the establishment of the Royal Stock Exchange, Beizhili embarked on the road of capital industrialization.

As a result of the industrialization of capital, a large number of industries have been born.

Because of the establishment of tariff barriers in Beizhili, there are a lot of opportunities in the commodity market of Beizhili, and these private capitals are naturally invested in industry in the face of such opportunities, driven by interests. The listing of companies under Royal Capital is equivalent to taking a piece of the pie and absorbing private capital for development.

If you know how to do business, you can run your own business. If you don't know how to do business, invest in stocks. Everyone took out the money and did business, and there was more money in the market. If there is business everywhere, then jobs will not go up, and the commodity market will not prosper.

Therefore, the emergence of this system is still focused on attracting people to take out the silver for business, rather than putting it at home to mold. After Zhu Youxiao crossed, he has completed the transformation of two capitals. The first change was the bank, which attracted the moldy silver that had been kept in the house to the bank for saving. The second change was to drive the money out of the banks to do business.

Only a month later, the data reported by Yang Guorui made Zhu Youxiao overjoyed.

"Up to now, there are nearly 40 million acres of land, which are being converted into shares. In addition, 16 private agricultural companies have emerged in Beizhili. Yang Guorui reported, "These 16 privately-owned agricultural companies, together with their shares, have also reached about 10 million mu." (To be continued......)