"The Warren Chamber of Commerce has given an estimate of 26.6 million gold coins!

"The Catersia Chamber of Commerce has given a valuation of 26.06 million gold coins!

"The Augustan Chamber of Commerce gives a valuation of 25.57 million gold coins!

"The Dronard Chamber of Commerce has given an estimate of 25.34 million gold coins!"

An interesting scene appeared, the representative who picked the most thorns happened to give the highest valuation.

From the valuation quotation alone, it can be seen that everyone has done their homework.

Including several chambers of commerce in the kingdom, although they are not rich in their pockets, the valuation given is not low.

It was clear that everyone was sane, and no one was stupid enough to jump out and ask Hudson to give them special treatment.

Including the chambers of commerce under the royal family, they are all honest offers, and everything is in accordance with the rules.

Hudson was very pleased with this outcome. Working with smart people will save you a lot of trouble in the future.

"Congratulations, the reserve price we gave is 18 million gold coins, and the valuation we gave is above that, so let's enter the second round of negotiations together.

As for the valuation of the Development Bank of the Near East, it should be regarded as making a friend, and the average of your quotations will be rounded directly to 23.6 million gold coins.

When it comes to the share of investment, we don't just look at the money, but the resources that people can provide.

In fact, I don't lack six million gold coins. If you find a way to raise a fund, you can still make it up.

The main reason for inviting you to participate in the financing meeting is to look at the resources in your hands and accelerate the development of the bank.

For example, it is convenient for the bank to conduct business, to deposit idle funds in the bank, to designate business in the Kingdom, to use the Near East Development Bank's golden bills for settlement, and so on, as long as it contributes to the development of the bank.

Of course, these resources are not provided for free, and the bank will give everyone a good return.

There are two sets of schemes, either everyone pays for financing directly, or they use resources to finance at a discount.

Hudson said with a smile.

This result was somewhat unexpected, but it was also expected. As an emerging industry, the Development Bank of the Near East deserves a valuation premium.

When the monopoly advantage no longer exists, and the tax exemption treatment is gone, and everyone understands that the bank is essentially a high-debt operating enterprise, the valuation will naturally fall.

Of course, that's for the future.

Today's Near East Development Bank has advantages that are not only these, but also the low cost of capital is also an important factor in the high premium.

There is no need to pay interest on deposits, and there is a high fee for transfers and transfers, and the cost of obtaining funds is directly amortized into a negative number.

In the eyes of all, as long as the liquidity crisis is resolved, the future of the Development Bank of the Near East is bright.

The main reason for not taking advantage of the fire is that even if there is insufficient liquidity, the Development Bank of the Near East will not go bankrupt.

Before attending the meeting, everyone had a good inventory of Hudson's family background. It was unanimously concluded that Hudson had insufficient cash in his hands, but possessed a large amount of assets.

Assets cannot be liquidated immediately, but having these assets endorsed can give savers peace of mind.

As long as there is no mass run, the Development Bank of the Near East is safe. Insufficient liquidity is nothing more than a slower pace of development.

In order to replenish the liquidity of banks, in addition to increasing capital, direct deposits into banks can also solve the problem.

Hudson prefers to invest in resources rather than giving money before. In essence, banking business is the buying and selling of network resources.

Just to ask for money, there is no need to invite a few chambers of commerce in the kingdom to come over. In the context of money shortage, they have to give priority to supporting the owners behind the scenes, and they can't come up with much money at all.

"Your Excellency, if you use resources to buy shares, this share is not enough for us.

If you fully support the development of the Development Bank of the Near East, you will not be able to buy it with just six million gold coins.

In my opinion, it is better to calculate financing and resource shares separately, and the financing amount can be limited to six million, but there is no limit on resource replacement shares

System.

The Kingdom of Alpha is in the midst of a money crisis, which is an opportunity for the expansion of the Development Bank of the Near East, but also a challenge to face.

Instead of constantly tossing and turning in the future, it is better to directly solve all the problems of bank development in one step now.

Earl Jonas's proposal startled Hudson. If he hadn't prepared in advance, he would have thought that this was a "trust" arranged by himself.

It is also to give money and resources, and it is clear that it is to support the rhythm of the Development Bank of the Near East.

If we really get the full support of all parties, we dare not guarantee that we can still lay outlets in all major provinces of the kingdom within a year.

For a maximum of three years, the Development Bank of the Near East will be visible in all major cities in the northern continent.

Even the run crisis no longer exists. As long as there are no emergencies, the Near East Development Bank, which has the endorsement of so many big forces, is simply likely to be run.

However, pies are usually poisonous, and with so many benefits, it is inevitable to pay for it.

For example: the right to speak in a bank.

Only six million gold coins, accounting for just over one-fifth of the shares. Such a small number of shares are still divided by more than a dozen shareholders, and even if they make a request, they have little weight.

Only by increasing the share of equity can we gain a higher right to speak.

"If others don't object, it's okay to expand the share of financing.

However, it is stated that shareholders have no right to interfere with the normal operation of the bank on the premise of not violating the rules and regulations of the bank.

If something happens and wants to sell the shares, the majority shareholder also has the right of first refusal.

On the issue of resource valuation, you can talk to President Rudolph privately, and we will only finalize the general direction of investment today."

Hudson said without changing his face.

It is normal to be calculating, but if you don't think carefully, it is not in line with human nature.

There is no problem if you want to have the right to speak, as long as the price is enough, everything is negotiable.

If he really has a lot of money, even if he buys the Near East Development Bank, he can sell it.

There is no need to pay 23.6 million, even if it is directly discounted, Lord Hudson will sell it.

The threshold of the bank is mainly in the capital, as long as he has the money in his hands, he can create another development bank in the Near East at any time.

Obviously, this is not possible. The Development Bank of the Near East is worth a lot because of its deep ties to Hudson.

Without him as a military leader, the value must be broken. If you want to know the net worth of the bank, it is not even two million.

The bigger the business, the easier it is to negotiate.

It must be a matter for the people below, and the big men don't have time to bargain in person.

The six million financing shares were quickly carved up, and five million of them were robbed by the people of the Southern Continent Chamber of Commerce.

Such an enthusiastic rush to buy is only because Hudson promised to increase the proportion of bank dividends by 10 percentage points every year, with a maximum ceiling of 70% of net profit.

Playing the role of the vast market of the Terrans of the Northern Continent, the future "money scene" of the Development Bank of the Near East can be seen at a glance.

If it goes well, the investment is likely to pay for itself in a few years with dividends, and then it will be earned.

On the contrary, the negotiations on the exchange of resources for shares have reached an impasse. Unlike real money, it is difficult to have an exact valuation of resource inputs.

This troubles did not last long, and with the investment of large amounts of money, the expansion rate of the Near East Development Bank increased again.

In just one month, five more branches were opened. The financial statements are a beautiful one that makes all investors impeccable.

As a result of the expansion, bank valuations continue to rise, making all parties in the struggle cry out for fooling, and they can't wait to continue to entanglement and fall into the pit.

The end result: in just three months, the valuation of Near East Development was inflated to 65 million.

As a price, Hudson's stake has also dropped from 100 percent to 46 percent.

The controlling stake is still there, but investors can also make it through shareholders' meetings

Rules and regulations to govern the behavior of major shareholders.

This is the inevitable result, such a huge investment, if there is not even the power to restrain the behavior of major shareholders, no one will dare to bet easily.

Everyone on the books made money, but in fact, the bank's net worth was less than 10 million.

However, everyone is very confident that just because of the loans that have been released, every one of them is generating profits, and there has been no default case.

In fact, with the exception of high-risk businesses in the Near East, businesses in other regions are more likely to see defaults.

They are all collateralized loans, and in the event of a debt default, these assets will be sold off, and it happens to be a group of shareholders who take over.

There's too much room for manipulation.

The collateral is all discounted, the bank only needs to recover the cost, and the rest is the profit of the receiver. The net worth is not much, but the bank coffers are rich. After the idle cash in the kingdom was deposited in the bank, the amount of deposits quickly began to swell.

The most important thing is that the emergence of a number of shareholders has made a big endorsement of the bank's credibility, and the recognition of the Near East Development Bank has skyrocketed.

The use of golden tickets in the kingdom's trade was also increasing, and most people, with the exception of a few conservative nobles, accepted the use of golden tickets for bulk trade.

Especially in areas where the money shortage is severe, the frequency of trading with gold coins is higher, and there is a tendency to become a currency.

At the beginning, after getting the golden ticket, everyone immediately went to the bank to exchange it as soon as it expired.

After tossing and turning several times, everyone found that it was inconvenient not to mention, and they had to be charged a high handling fee of three points, which was not cost-effective at all.

In particular, businessmen with high turnover can't stand the high handling fees, and passively become the first group to accept golden tickets.

The outbreak of the financial industry directly alleviated the money shortage crisis in the kingdom, and even the economic recovery speed of various places was greatly improved.

In particular, the northern Xinjiang and the Near East, which are in ruins, are the main forces in this round of economic recovery, and there are large construction sites everywhere.

During the period of rapid economic development, countless social contradictions were concealed, and the situation in the kingdom was very good.

Having just sent off the king's envoy, Hudson never dreamed that one day the royal family would become a bank loan customer.

However, thinking of his family's investment in Xueyue Ling, the royal family that gained more in the war will only need to invest more in the construction funds, and it is normal to lack money.

As the strongest relationship in the kingdom, it is naturally very simple for the royal family to take out a loan. Specially sent someone to greet Hudson, naturally in order to get the best loan interest.

There is no doubt that the royal family's loan will definitely be approved first. In addition to the indispensability of the collateral stipulated by the bank, the interest rate of the loan directly hit the fracture.

Ordinary commercial loans have interest rates of more than ten or twenty points, and some short-term capital turnover can reach a point in terms of daily interest. The annualized interest rate of the royal family's loans has been directly reduced to six points.

This is the lower limit of the prescribed interest rate set by the general meeting of shareholders, and the representatives of the Royal Chamber of Commerce personally participated in the vote, so naturally it cannot be said that Hudson did not take care of it.

The royal family has become a loan customer, and the noble lords who have applied for loans are even more. Even if some big families are not short of funds, their branches in northern Xinjiang and the Near East need loans.

In the absence of valuable collateral, it is also common to find the family to guarantee the loan.

Seemingly overnight, the Development Bank of the Near East became a major creditor of the kingdom. This kind of bubble performance growth frightened Hudson and hurriedly stepped on the brakes.

Becoming a creditor of everyone seems to have a bright "money path", but it usually doesn't end well.

In the event of economic turmoil in the kingdom, the Development Bank of the Near East would immediately die. As a result of forced debt collection, there is a high probability that the bank is gone.

In my previous life, there were cases of overturning.

It's just that compared with the loan sharks, the Near East Development Bank's approach is much gentler, and the interest rate is much lower than that of private lending.

Just in time for the kingdom's economic recovery, all walks of life are booming, almost nothing

If a customer defaults on his debts, there will naturally be no forced collection, and the overall reputation in the society is not bad.

The economic situation is very good, and the comprehensive development plan of Xueyueling has also been put on the agenda.

"Lord Duke, this is a territorial development plan drafted by the Ministry of Administration. Including agriculture, animal husbandry, fishery, industry and commerce and other fields.

We will strive to achieve self-sufficiency in vegetables within five years, continue to develop and expand animal husbandry and fisheries, and promote the development of light industry······

After taking the file from Jacob's hand, Hudson looked at it to himself.

The five-year plan was issued under his mandate, but he only gave the direction of development, and the specific plans were all completed by the Ministry of Government itself.

It doesn't matter whether it's advanced or not, the key is to be "suitable". The special circumstances of the Near East determined that it was impossible for the Snow Moon Collar to develop its economy according to normal steps.

The conventional "agriculture-based" economic model is completely inapplicable here.

In line with the principle of not allowing orcs to take advantage, in addition to the vegetable fields that must be cultivated, the agricultural development plan given by the Ministry of Government Affairs is mainly based on the cultivation of cash crops.

All of them need to be processed twice, and before they are mature, they are useless, and some plants are still poisonous.

Even if they are snatched by orcs, they have no ability to reprocess, so they can only waste time.

In this context, animal husbandry and fishing, which are the main food sources of the territory, have naturally become key development industries.

Animal husbandry was just beginning, and only some dairy products were provided for the army, and beef and mutton were still a luxury.

On the contrary, it is the development of fisheries that has the greatest impact on the territory. Hudson was not a stingy lord, and as fish production increased, so did the diet of the lords.

The younger generation, in particular, is no longer full of dishes. When it comes to work, they are more energetic than ever.

Not to mention the army, as the treasure of Lord Hudson, the food standard has been on par with the standing army of the kingdom.

Hudson had a high prestige in the army, half of which was fought on the battlefield and half of which was fed with a high standard of food.

single-handedly raised the food standard of Wang's *** team and established his unshakable position in the army.

The quartermaster in the back couldn't help but scold his mother from the beginning of his tenure. All of them are clearly defined by standardization, which is completely cutting off their financial routes.

However, the kingdom attaches great importance to the development of the army, even if the war is over, the eyes of the big men have never left the army, which greatly reduces their room for operation.

"Industry and commerce" is a complete freak in Xueyueling.

To say that industry and commerce are underdeveloped, the volume of trade in and out every day is about to catch up with the royal capital. The resulting transaction tax is the highest in the kingdom.

To say that industry and commerce are developed, there is nothing in Xueyueling. If you have to go up, then heavy industry is ship repair, and light industry is salt drying and salted fish.

Other industries?

There may be a few workshops in their hands, entrenched in some corner of the Crescent Harbor, which Hudson didn't notice anyway.

They are all grasslands with relatively scarce mineral resources, and a few poor metal mines with low reserves have almost no mining value.

Heavy industry is congenitally insufficient, and can only develop light industry. Even the light industry is a processing industry based on agriculture and animal husbandry, and it must develop in tandem with these industries.

Further back, there are plans for urban planning and construction, road planning and renovation, and the entire five-year plan is full of "roughness" between the lines.

After a cursory look, Hudson was very dissatisfied, but he couldn't find fault with it.

The times are different, and the planning is naturally different. For example: road traffic.

In the era when cattle and horses were the core mode of transportation, as long as two horse-drawn carriages were kept in opposite directions, a width of three or four meters was sufficient.

It is also a small problem to have exceedance, and there is grass on both sides, which will not affect the normal passage of vehicles.

Many of the low-end tinkering on the prairie can be used as official roads, and Hudson naturally did not put a lot of effort into building "gallop roads".

cost

The higher the cement road, then there is no need to think about it, and he is not panicked with more money.

In any era, cost is the first factor. It is enough to meet the needs of the present, and the capacity requirements will increase in the future, which is a matter of the future.

There are so many laborers in the territory, and if you take care of this end, you can't take care of the other, and you can only pick the most needed development.

Anyway, Xueyue Ling only has a total of more than 100,000 immigrants + 100,000 slaves, except for a few around the city, the rest of the area can't even see the shadow of people, let alone the transportation needs.

"Let's do it according to the plan! In the future, we will follow the actual situation and make local adjustments.

The layout of the agricultural field is not enough, although it is to grow cash crops, irrigation is also a big problem and cannot rely entirely on natural irrigation.

There are also many small rivers and streams in the territory, and these ready-made resources can be utilized.

We can build reservoirs and weirs according to geographical conditions to meet the ······."

Halfway through that, Hudson found himself doing something stupid. This infrastructure is indeed important, but in the wizarding world there is absolutely no need to use manpower.

Relying solely on manpower, a large reservoir requires more than 100,000 laborers to work hard for several years.

With Maxim's size, rolling on the ground is a small weir pond. After a few more rolls, a reservoir comes out.

An example of this is the man-made canal, which was completed in just a few years with the help of Bear Stearns.

At that time, Bear Stearns did not have the strength it has now, otherwise the construction progress would have been faster.

Now there is more Maxim who is a good worker, and if these two are mobilized, those water conservancy projects that will take several years or more than ten years can be completed in a few months.

In the past few months, it is mainly manual assistance in the construction of sluice gates and canals, and the actual construction time may be the moment when the magic is released.

The only problem is that these two uncles are lazier than the other, and it is a little difficult to fool them into working.

After a moment's hesitation, Hudson's tone suddenly changed.

"Water conservancy project, you can be responsible for site selection and planning, and I will be responsible for finding a way to deal with the construction problem, and you can send people to follow the aftermath."