Chapter 50 Banks and Money

"Jiaguang, you are now in charge of the Zhōngyāng Bank, the Audit Bureau, and the State Administration of Taxation, which can be said to be the key departments of the Zhōngfǔ!

In the past, Fu Bo was in charge of the Huo family's finances, and Huo Jiaguang was his deputy! But now that the new Huo family has been established, the Huo family must be distinguished from the Huo family financially! However, because Huo Jiajun lacks financial talents, and Huo Shan does not want to hand over the zhōngyāng bank and tax bureau to an unfamiliar outsider now! In addition, although Huo Jiaguang did not go to any university, he has accumulated rich experience in taking care of the Huo family's huge family property for many years! Therefore, it is undoubtedly most appropriate to let him be in charge of these core departments now!

"The responsibility of the Zhōngyāng Bank is to control the country's money supply and credit conditions, and to supervise the country's financial system, especially commercial banks and other savings institutions! For example, the current money banks and foreign banks! Of course, we do not have our own currency yet, and our own situation cannot allow us to issue paper money at once, but we can work in this direction step by step! Therefore, the first thing we need to do is to make all the silver in our hands into foreign silver dollars! In this way, it is not only convenient for circulation but also reduces wear and tear! Moreover, the profit from the production of silver dollars is very huge, and it is enough to earn us tens of millions of taels of silver every year! You must pay attention to this matter! When you go back, you will immediately gather craftsmen and first make a batch of silver dollars and put them in the markets of our Nanyang islands to try out the situation!" Huo Shan said solemnly! Although Huo Jiajun is not yet a country, currency and finance have always been major events, and they must not be sloppy at all!

"Got it, young master, I'll arrange it as soon as I get back!"

In addition, under the Zhōngyāng Bank, a People's Bank was set up to provide loans to peasants to help them purchase agricultural materials such as improved seeds, ploughing cattle, and chemical fertilizers; the Industrial and Commercial Bank of China was established to provide loans to merchants and craftsmen in our areas to help them expand reproduction; and the China Construction Bank was established to centrally manage the allocation of funds for national construction! In addition, these three major banks all accept deposits from residents, and in the future, all the appropriations of our Ministry of Finance will be paid by these three banks, and all kinds of local taxes and the financial revenues of our factories will also be deposited in the bank for safekeeping! Local governments can have 30% of the annual fiscal revenue of each local government for the construction of their jurisdictions, and the remaining 70% will be handed over to the zhōngyāng! In addition, in the future, all the salaries of the staff, workers, and soldiers will also be repaid through the bank! He learned this method from later generations, and in doing so, he was able to minimize the number of local officials.

At this time, everyone had already been numb to his unheard of new management methods! Everyone took his words as wise sayings, and they all wrote them down in one go, regardless of whether they could use them or not!

Looking at their serious appearance, Huo Shan couldn't help but touch his nose proudly, although these management methods are very common in later generations! But more than 100 years ago, they are all the most advanced management theories and experiences!

"In addition, the responsibility of the Audit Bureau is to collect statistics on the annual financial revenues and expenditures of all levels, as well as the financial revenues and expenditures of state-owned enterprises, and the duties and expenditures of banks and foreign exchange and other property! Also, the responsibilities of the State Administration of Taxation I don't think you can understand it even if I don't say it, but we haven't established a formal state yet, and Nanyang is even more closed, and there is no customs yet, which is another big profit!" Huo Shan said, shaking his head a little regretfully.

"Okay, sit down! I have a lot of books on finance here, and when the time comes, you can take them back and take a good look at them, and you will also have a long insight!" After Huo Shan finished speaking, he looked at another talent with a tail, Luo Zhenlu, who was in charge of the Ministry of Land and Resources and the Ministry of Culture!

Mr. Luo is also a master in the mining industry, and the Ministry of Land and Resources is responsible for exploring various non-renewable resources such as gold, silver, copper and iron in the ground, as well as various renewable resources such as surface water resources, land resources and forest resources. In addition to being responsible for surveying all kinds of data on these resources, it is also necessary to provide a concrete basis for future development, utilization, maintenance, and maintenance! In addition, the responsibility of the Ministry of Culture is also very important, not only to restore and maintain the civilized and historic sites in various localities, but also to export the Chinese language and Han civilization to all ethnic minorities within our jurisdiction! Let them automatically change their surnames to Han surnames! These are all things that the Ministry of Culture should have jurisdiction over!

"Young Master, I know!" Luo Zhenlu replied calmly. People who do learning are generally more rigorous, and he is the same, usually not smiling, and he doesn't seem to be very gregarious, but he is indeed a rare talent!

Huo Shan nodded with a smile and motioned for him to sit down! He turned his head to look at the young man who had already stood up! He said with a smile: "Isn't Huo Yu very excited to become Minister of National Defense?"

A little embarrassed, he touched his somewhat prickly head and said with a smile: "It's okay! But it's not as good as it was in the Truk base!

"Hehe, I don't know about you yet!" Huo Shan rolled his eyes, he understood that this guy in front of him who looked thick eyebrows and big eyes, and had a lot of strength, but he had a lazy face, and it was indeed quite suitable for him to stay in the navy!

Your Ministry of Defense is responsible for the training and organization of the armed forces, as well as the construction and improvement of various national defense fortifications, such as shore artillery bases, naval bases, army training bases, and other military facilities! You have to do a good job for me, and when you have a suitable candidate, you will return to the navy! Otherwise, you can take care of my children at home!" Huo Shan said viciously on his face. There's no way, this guy's xìng is the most jumpy one among the eighteen iron guards, you must keep an eye on it, otherwise it won't be easy to clean up if you cause a big mess!

Huo Long, Huo Shi, and Huo Feng, who were sitting next to them, saw Huo Yu, who was usually not afraid of heaven and earth, and shrunk his head when he was reprimanded by the young master, and couldn't help but show a faint smile on his face. They have grown up together since childhood, although they have all married and started a family, but their feelings for each other are very deep!

"It's rare for Xiaoyu to have such an expression, it's rare!" Huo Feng said with a smile.

"That's! Usually except for Sister Feng and Brother Long!, that is, the young master, Fu Bo and the old lady can pay attention to this kid, I really don't know who he learned from this xìng grid like Sun Monkey!" Huo Tian patted his head and said with a headache.

After appeasing Huo Yu, Huo Shan picked up a thick booklet on the table and handed it to Huo Di!

"Your Ministry of Finance has a great responsibility, it is one of the most important departments of the country, there are too many things in it, I won't explain them one by one, you can take this booklet, go back and study it carefully!"

Huo Di stepped forward quickly, took it with both hands, put it in the pocket of his tunic, and sat down.

"Mr. Xu, now it's your Ministry of Science and Technology left! Tell me! What are you going to do in the next five years?" Huo Shan asked with a smile.

"Hehehe, there are a lot of things to do, I'm afraid that the young master won't allocate funds when the time comes!" Xu Jianyin took out a few pieces of paper that looked a little crumpled from his pocket, and looking at it, he obviously didn't know how many times it had been ravaged! I don't know if it was a common problem of all scientists! Almost anyone who has made achievements in scientific research doesn't seem to pay much attention to the subtleties, and most of them live a sloppy life!

"First of all, in these five years, we are ready to solve the problem that large-scale steelmaking equipment cannot be produced by itself, such as 5 tons of steelmaking open hearth, 10 tons of steelmaking open hearth, and even 15 tons to 20 tons of extra-large steelmaking open hearth, which are really related to the country's industrial strength of important technical equipment;

"In addition, we are ready to develop 2,000 tons of hydraulic presses and 300 tons of air hammers, large gantry cranes, 330mm rolling mills, to improve our equipment manufacturing level!"

"There is also the alternating current and generator that the young master said, our Dragon's Den base already has eyebrows, and I believe it won't be long before it can succeed!"

"Oh, Tesla has developed it!" Huo Shan not only hurriedly asked when he heard this, but he clearly knew the role of alternating current, and it was not an exaggeration to say that it promoted the outbreak of the second industrial revolution, this kind of thing is a big deal to make money!

"Well, samples have been made, various tests are underway, and I believe that as long as there is another year, we will be able to succeed!" Xu Jianyin said enthusiastically. Whenever he thought of the prospect of the use of 'alternating current' that Young Master Huo had described to him, he couldn't help but feel a surging heart! After all, seeing a new invention that had a major impact on the world was born in the Academy of Sciences under his charge, the sense of accomplishment in it was really difficult for outsiders to feel compromised.

Seeing that the two of them had red necks and excited looks, the curiosity in everyone's stomachs was also hooked, and others may still have some scruples, but as Huo Shan's teacher, Huang Sheng asked indiscriminately: "Xiaoshan, what are you talking about? Why can't we understand a word!"

"Hehe, let's let Mr. Xu say it! He has been following this research project!" Huo Shan said with a smile as he sat on his chair.