Zhao Dongyun separated the aftermath loan from the railway loan, and then negotiated with various countries separately, although the countries, especially the United Kingdom, were dissatisfied, but still quickly achieved practical results.

On December 8, the Soviet republican government formally signed a loan agreement with the German side, under which China borrowed 3 million pounds sterling from Germany, which was to be paid at an 87% discount with an interest rate of 5%, and the money was repaid in 20 years as collateral by part of the tariff.

Of course, there were a bunch of additional conditions, the Soviet republican government recognized the treaties between the former Qing and Germany, the loan had to be repaid in priority to China's debt to Germany, and the remaining half had to be used to buy German products, including military supplies and machinery.

The reason why the agreement with Germany was signed so quickly was because the Soviet government had ordered a large amount of military supplies from the German side in recent years, especially artillery, and at the same time, the Soviet government also wanted to import more German ordnance but had no money in its hands, so Germany just wanted to continue to sell arms through the guò loan model.

You must know that Germany's greatest interest in China is the arms trade, and the loan to Zhao Dongyun is to continue to expand this interest, as for other sovereignty, building railways and the like, although the Germans want to, but it is very difficult to intervene, so they just see the good thing, and first get the arms trade order.

As soon as Germany started this, it also meant that the banking group of the four countries was completely gone, and then the French also signed an agreement with the Soviet republican government to borrow two million pounds, and the conditions were similar to those of Germany, all of which were based on the recognition of the treaties of the former Qing Dynasty and the limited repayment of arrears.

After France and Germany signed loan agreements with the Soviet Union one after another, they did not end there, but continued to negotiate with the Soviet republican government in an attempt to compete for the big cake of railway loans.

At this time, the Americans couldn't sit still, they didn't care about the right to build the road at first, and immediately promised to give up the direct construction of the railway, and instead provide railway loans, plus they didn't have too many sovereign interests, so they soon signed the relevant agreement.

There are two parts to the agreement, one is the aftermath loan, China borrows 10 million pounds from the United States, with the income of the salt administration as collateral, the Chinese side wants to set up a new salt administration department, and the United States can send a general adviser to supervise the affairs of the salt administration. The Chinese side continued to recognize the treaties signed between the former Qing Dynasty and the United States, and at the same time the money must be repaid on a priority basis for the repayment of the money owed to the United States, one-third of which must be used to purchase warships from the United States, and a supplementary treaty was added to increase the number of students studying in Gengzi from 100 per year to 200 per year. ，

The second part is the railway loan agreement, in which China Railway Corporation borrowed 8 million pounds from American enterprises to prepare for the construction of the Longhai Railway, which will be repaid in 30 years, and the chief engineer will be dispatched by the United States to provide technical guidance for the construction of the railway, and the United States and China Railway Corporation will jointly send personnel to set up the Longhai Railway Company during the repayment period, which will be responsible for the Chinese side, and the United States will supervise the operation of the railway, and the profits obtained will be used to repay the loan.

The railroad loan agreement was the product of a compromise between the two sides, with the U.S. relinquishing full operating rights and the Chinese being forced to accept the supervision of U.S. companies.

The combination of the aftermath loan and the railroad loan resulted in a one-time loan of up to 18 million pounds, which is the largest piece of the pie to date.

In the face of Germany, France and the United States reaching relevant agreements with Zhao Dongyun one after another, the British could not sit still, especially after Zhao Dongyun officially gave up seeking formal recognition from the British side, the British lost its biggest condition.

After hearing that the Belgians, Germans, and even Americans and Russians were snatching the loan rights of the Tianjin-Pudong Railway, Zhu Erdian finally went to the Xiyuan Presidential Palace again to find Zhao Dongyun, and then signed the relevant loan agreement in a friendly atmosphere.

The British borrowed £10,000,000 from China for the aftermath of the rehabilitation, secured by the Salt Administration's revenues, and the British also requested that an adviser be sent to oversee China's new Salt Administration. The money was delivered at a nine-percent discount with an interest of five percent, and Zhao Dongyun had to recognize a series of treaties signed between the former Qing and the British.

Similar to the U.S. railway loan agreement, the British side borrowed 7 million pounds to the China Railway Corporation, and the British side sent a chief engineer to provide technical guidance, and sent personnel to supervise the daily operations of the Jinpu Railway Company during the repayment period, and the profits from the operation were used to repay the loan.

This series of negotiations lasted for the whole of December, and it was not until early January 1908 that the negotiations were officially completed.

At this time, Zhao Dongyun had already obtained a total of 27 million pounds of aftercare loans from Belgium, Germany, France, the United States, and the United Kingdom. As for the railway loans, although there are more than 10 million pounds, the money is used to repair the railway, and it has little to do with Zhao Dongyun himself, but the cake taken out by Zhao Dongyun in order to attract loans from various countries for the aftermath.

This total of 27 million pounds of borrowing is Zhao Dongyun's real purpose!

However, the more than 27 million pounds of borrowing does not mean that he can get all of it, after deducting discounts, all kinds of messy expenses, and many arrears in arrears, Zhao Dongyun can get less than 18 million pounds.

Of the 18 million pounds, it will be delivered in several times, and the first delivery will only be about 5 million pounds.

In other words, Zhao Dongyun signed aftercare loan agreements with various countries with a total amount of 27 million pounds, but in January 1908 he was able to get only 5 million pounds.

As soon as the money arrived, it was placed by Zhao Dongyun in the Bank of China as a reserve for the issuance of paper money!

After all, these pounds are all gold-standard currencies, similar to gold, and can be used as reserves for the issuance of Chinese yuan banknotes.

The issuance of Chinese yuan banknotes, because of the over-issuance, can play a greater role than five million pounds.

With this five million pounds as a foundation, the financial situation of the Soviet system at the beginning of 1908 was considered to be better.

And what is the first thing to do when you have money?

There is no doubt about it: expand the army!

On January 7, 1908, in Yingtai, Nanhai, Xiyuan, unlike the deserted when receiving foreign guests in the past, today it is extremely lively, with a large number of generals wearing high-ranking generals' dresses coming and going.

Today, as far as the eye can see, there are dozens of high-ranking generals gathered, and many of these people are generals who are fighting abroad.

For example, Xu Bangjie, commander of the Second Army, was supposed to be in northern Jiangsu. Another example is Chen Guangyuan, the commander of the Third Army, who should have been from Henan, and many division commanders and brigade commanders.

And what can bring them together is because Zhao Dongyun is going to hold a title ceremony today!

In the center of the venue, Xu Bangjie was talking with Chen Guangyuan in a low voice!

"Brother Xu, you were in the limelight in Jiangbei a few months ago, and I envy my little brother even if you fought even better!" Chen Guangyuan said with a smile, with obvious envy on his face.

Xu Bangjie led the second army all the way from Zhili to Shandong, and then to northern Jiangsu, Gu Lanyu and Ren Cun, senior generals under his command, while he Xu Bangjie, the commander of the commander, grew into one of the bigwigs in the Soviet Feng army, and had a vague posture of competing with Meng Enyuan.

However, as for him Chen Guangyuan himself, although he also got a commander of the Third Army, the Third Army was on the strategic defensive in Henan, and there was no battle to fight at all, so the Third Army had always had a bad reputation in the southward operation of the Feng Army in the past six months.

However, the Second Army is different, the Third Division and the Tenth Division under his command are the absolute main force of the Feng Army, in terms of strength, in fact, the Second Army commanded by Xu Bangjie is the most powerful army in the Feng Army, stronger than the First Army led by Meng Enyuan.

Xu Bangjie's military exploits are outstanding, but Chen Guangyuan knows that in this award ceremony, the president will officially award Xu Bangjie the title of army general.

As for Chen Guangyuan himself, he can only continue to hang the rank of lieutenant general and general, and there is still a distance from the official army general.

However, although it is impossible for him to be promoted to general when he comes back this time, the reason why he came back all the way is because Zhao Dongyun wants to award him a medal, he was the third honor before, and this time he will be promoted to the second honor, just like Meng Enyuan and Xu Bangjie.

Of course, the generals who have come back from the front line are not one or two, they will all be promoted in military rank or rank promotion, and many of them will be awarded medals for the first time.

For example, several generals who came to work for Zhao Dongyun, Lu Yongxiang, commander of the First Division, Zhang Dianru, commander of the 13th Division, and Bao Guiqing, commander of the First Mixed Brigade, in order to continue to buy people's hearts, then their current combat achievements are not significant, but they will also get medals.

When these dignitaries and generals of the Feng army were talking to each other, Li San's figure appeared at the door not long after, and as soon as the others saw Li San, they knew that Zhao Dongyun had arrived, and immediately stopped talking and turned to look at the door.

With a chanting: The president has arrived!

Zhao Dongyun also entered the venue wearing a marshal's dress, only to see him slowly walk up to the stage, and then said: "In the past year, for the rise of the country and the nation, all the monarchs have worked hard!" However, the reunification has not yet been completed, and the task of national republican work together with me!

Over the past year......"

Zhao Dongyun, who has never liked to give long speeches, was no exception this time, he only stopped after talking for about ten minutes!

And then naturally the highlight of the day is the awarding of titles and medals to the generals of the Fengjun!

The first to come to power was Xu Bangjie, the commander of the Second Army, and when Zhao Dongyun personally asked him not to be given the rank of general in the army, Zhao Dongyun could clearly see that this veteran under his command was full of excitement.

The reason why many civil and military generals of the Soviet system want to enter the customs and want to go south to unify China is not to want to have an addiction to the founding heroes, and now, Xu Bangjie has tasted this feeling!