The efficiency of the Development Bank of the Near East is still very high, and after the cash dividends are received, the dividends in kind are also distributed very quickly.

There is no way to deliver directly to the home in the banking business coverage area, and there is no way to send someone to pick it up by yourself.

These are small problems, there are large dividends to take, even if you have to take it yourself, everyone is happy.

Especially the aristocracy who led this investment was even more smiling. In recent years, the Development Bank of the Near East has continued to raise funds, and they have been able to hold on to the pressure when they get on the ship.

Even if the Development Bank of the Near East has been making a profit and all its businesses are doing well, it has never seen substantial returns, which still makes everyone's hearts uncertain.

Now there is no need to worry, the shareholders who got on the car in the early stage not only recovered the investment cost, but also made a profit.

The shareholders who joined later, because the stock price of the receivership was too high, the harvest was not so rich, but it was also fast to return to the capital.

Anyway, the amount of dividends has exceeded the amount of financing. The guy who secretly complained that Hudson was a vampire is now shutting his mouth.

Good news always followed, and along with the spring grain harvest and the news of a bumper harvest in the experimental fields, it spread throughout the kingdom overnight.

The contrast that I have experienced is the most shocking. With the use of "chemical fertilizers" and those not, the yield gap is very obvious.

Judging from the statistical data of various places, the average yield per mu has increased by about 30 pounds, and the yield per mu has even increased by 100 pounds in very few areas.

The more backward the agricultural technology, the more significant the increase in grain production. The popularization of agricultural technology has also boosted grain production.

In addition to happiness, there is endless chagrin. Because of the doubts in my heart, except for trying in the one-acre experimental problem, I didn't popularize it at all.

A large amount of data was regarded as auspicious everywhere, and it was reported level by level, and Caesar IV couldn't close his mouth with a smile.

In the era of feudal farming, the most important thing was grain production. If we solve the food problem, we will solve eighty percent of the social problems.

The remaining two percent of the problems will also be covered up again as productivity increases.

The increase in grain yield per mu is only the beginning, and it will be fed back to all walks of life in the future.

After reaching out and grabbing the two handfuls of grain for comparison, and finding no big difference, Caesar IV asked with concern for the palace minister: "Have you tried it with someone, is there a problem with these grains grown with dung?" ”

When something new is born, it is always inevitable to be questioned. Even if from the outside, there is not much difference between the two grains, but deep down it is still awkward.

"Your Majesty, rest assured!

Not only did we arrange for the slaves to taste it, but we also had the best priests check it out to make sure there was nothing wrong with the grain. ”

Earl Mitchell replied heartily.

It was when everything was established that he dared to tell the king the good news. If he didn't know anything, he would jump out and ask for trouble.

"Good, good, good!"

"Pass the order down, let the nobles everywhere fully promote the new agricultural technology. Ninety percent of the land in the royal domain uses new farming techniques! ”

Caesar IV immediately clapped his head.

Naturally, we can't let go of things that improve productivity. It's just that the "disgusting" feeling in the depths of my heart still lingers.

While promoting new technologies, Caesar IV also left a back door. The grain grown with dung can be fed to serfs and freemen, so that His Majesty the King will not eat it.

The success of the experimental field is due to Hudson's face on the one hand, and the hope that everyone will succeed on the other.

As long as the production can be increased, it is only a small question whether it is dirty or not. The nobles don't eat it themselves, who cares if the serfs eat it cleanly!

In fact, the food of this year is "not dry and clean, and there is no disease after eating".

Even the personal hygiene of the noble lords has not been solved, let alone the serfs at the bottom.

In general, the health of the great nobles was better. Although they don't like bathing, this is an otherworldly world with many means of cleanliness and hygiene.

As long as the strength is strong enough, even if you stay in the deep mountains and old forests for ten or eight years, you will still be personable when you come out.

The life experience of ordinary people is completely inapplicable to them. Hudson, for example, can now do "dust" without getting wet.

It's not good when you get to the bottom, and the personal hygiene situation depends on consciousness. It doesn't stench much, but it's not clean either.

The more down-and-out the aristocracy, the worse it behaved in this regard. In this era, people are judged by their appearance, and the accuracy rate is as high as 99%.

This lack of love for cleanliness is not only reflected in personal image, but also in all aspects of clothing, food, housing and transportation.

Fruits and vegetables can be eaten after they are picked; The river water not only washes clothes, but also drinks directly when thirsty; The bread fell to the ground, picked it up and continued to eat......

Fortunately, the environment of the Aslant continent is not polluted, and everyone eats original ecological products, and there are fewer viruses in itself, otherwise I don't know how many tragedies will happen.

There are two sides to everything, people who have grown up in a harsh environment since childhood may not be able to live long, but their digestive system must be good.

"Eating bran vegetables" is not only an idiom, but also a part of everyone's life.

"Your Majesty, at a time like this, you don't actually need to give any orders, and the nobles below will promote it themselves.

In the process of promoting new technologies, various accidents may occur. The best option is to let the nobles push it themselves, lest some idiots who are not skilled and blame you when they do something! ”

Earl Mitchell said tactfully.

In his opinion, his own king is good everywhere, but he is a little wide. To a certain extent, it did expand the power of the king, but it also added a lot of unnecessary risks.

As a king, there is basically no room for improvement. It is enough to be steady, and there is no need to rush to express yourself.

"Gong Xiang, I understand what you mean, but the order still has to be issued.

The reform has been going on for so long, and this is the most immediate result. The next spring ploughing adopts new technologies on a large scale, and when the autumn harvest comes, everything will be different! ”

Caesar IV said slowly.

The identity is different, and the way of thinking about the problem is also different. The reformers have taken many actions, but they have achieved very little.

Perhaps the greatest achievement was the abolition of the transit tax between territories, which greatly reduced transportation costs and promoted the development of industry and commerce.

Unfortunately, this is a long-term policy, and there will be no return on fiscal revenue for a long time to come.

Not all aristocrats have foresight, most nobles are inactive, lack subjective judgment, and are prone to quick success.

In order for the reforms to continue, the reformers must have a track record that leaves all parties speechless.

Hudson was the brainchild of the new farming techniques, but that didn't mean he was able to enjoy the glory alone. As king, Caesar IV could naturally also be involved.

Even if it's just a sense of existence, this promotion order must be issued.

The episode ended, and the royal government was busy all at once. The "fertilizer farming method", which everyone originally disliked, has now suddenly become a sweet treat.

Hudson didn't need to worry about it, and the reformers from top to bottom took active action. Perhaps because of the lack of strong leaders, conservatives did not jump out to cause trouble.

It's just that this kind of good day is obviously one day less than one day. With the deepening of reform, more and more places have touched on the interests of all parties.

Many of the aristocracy, whose interests were damaged, were tolerating the reformers, was approaching a tipping point.

Eighty percent of the reform clauses, after being passed from the central government to the local governments, were directly reduced to a dead letter.

What is worse is that not only the conservative aristocracy is resisting reform, but even within the reformers, on specific issues of reform, they are beginning to divide.

……

"The Royal Government wants to tax the banks?"

After receiving this news, Hudson was momentarily speechless.

Sure enough, it is a big move, and the Near East Development Bank, which has no dividends, no matter how prosperous its business is, the outside world is only envious.

As soon as the huge dividends were issued, they were targeted by the poor and crazy Ministry of Finance. Even if it is only proposed by someone now, and it has not yet become a law, Hudson knows that it is only a matter of time before the policy is implemented.

The financial industry is the most lucrative business. Especially in the absence of any regulation, it is too simple to make money.

The Near East Development Bank, which started with a "Ponzi scheme", was able to turn into a real enterprise because the bank was too profitable.

After hiding for so long, he was still targeted. Once the kingdom taxes banks, it is only a matter of time before various regulatory policies follow.

Of course, this process can be very long. After all, no one knows how lethal this thing will be to the economy until the bank crash.

Block?

With the shareholders of the Development Bank of the Near East, it is not difficult to prevent the Royal Government from introducing a tax bill.

It's just that he is in the aristocratic circle, and Hudson can't help himself.

Fame is a boost to your career, but when it is pushed to a certain extent, it will also become a constraint.

For example, now: Hudson's character is the Marshal of the Terran who is dedicated to the public service, and the leader of the Kingdom Reformers.

Others can obstruct reform for their own benefit, but Hudson cannot.

Taking the initiative to label reformists is not for the older generation of aristocrats. Those old fritters who have been in the political arena for decades, unless someone takes the initiative to cooperate, Hudson will not move at all.

The younger generation of the aristocracy was the target of Hudson's struggle. It just so happens that most of these people are supporters of the reformers.

Whether it was to save the kingdom's finances or to further expand his influence, Hudson needed to side with the reformers.

Since you are in line, you can't be at both ends.

Reformers can reform the interests of others, and naturally they can also reform the interests of reformist bigwigs. If no one else takes the lead in supporting reform, then there will be no reform in the Kingdom.

"Duke, the news is coming from the Ministry of Finance. It is said that the Minister of Agriculture, Count Rinares, was the first to propose it, and it caused a lot of disagreement within the Ministry of Finance.

However, in the end, the supporters prevailed, but considering that the resistance was too great, it has not yet been discussed in the court.

Privately, in recent days, Count Rinares has visited several important ministers of the kingdom to gain their support.

Do you see if we are doing anything to hinder Count Rinares' actions? ”

Listening to Jose's words, Hudson was depressed. This kind of thing has always been led by the Ministry of Finance, and a minister of agriculture has made a lot of fun.

Even if because of the tax reform, he was sent by the king to fight and follow the work, why is it so radical?

It didn't take long for Hudson to realize that something was wrong, and it seemed that he had really offended Count Rinares. If he hadn't jumped out to grab the job, he would still be a giant, instead of working with the Chancellor of the Exchequer.

It's not a big deal to get robbed of your job. The Minister of Agriculture was originally the last in the ranking of the six giants of the court.

If it weren't for the fact that the Royal Government attaches great importance to agriculture, it is estimated that there would be no Minister of Agriculture among the giants.

Compared with the others, both the power in their hands and their political influence are more than one or two points weaker.

There is nothing to be ashamed of working with the Chancellor of the Exchequer. Anyway, there is no room for political status to decline, so I don't care so much.

But with the success of agrarian reform, everything changed.

Not to mention the political achievements, he also roasted Count Rinares on the fire. Nothing was done, and the "hat of incompetence" fell directly from the sky.

suffered such a big loss, and the account naturally had to be recorded on Hudson's head. In the face of a powerful marshal of the kingdom, Count Rinares knew that he could not afford to provoke him, so he could only use a roundabout strategy.

Taxing banks, which is also taxing, can be seen as part of tax reform.

As one of the main responsible persons, Count Rinares made such a proposal entirely within the purview of the people.

Knowing the truth, Hudson smiled slightly. It seems to be an unwarranted disaster, but in fact, it is not a new opportunity?

Since it is a tax, it is naturally impossible to target the Near East Development Bank, otherwise it will be a disadvantage to bully him with the knife of Lord Hudson.

All commercial banks are taxed by the king's government, which is a tragedy for the small banks.

Without hedging at scale, their operating costs remain high, and the pressure will only increase if you add another tax overhead.

There is no need to deliberately target, and a little bit of wind and grass can bankrupt these small banks.

Invisibly, this is also raising the barrier to entry for banks. Banks that do not have strong financial strength and a large enough shareholder background behind them will go bankrupt in the next few years.

The Development Bank of the Near East (DBB) has become a behemoth, but its market share in the kingdom's financial lending industry is less than one-third.

The remaining two-thirds are still divided by small and medium-sized banks, chambers of commerce, private lending, loan sharks and other groups in various places.

Once taxation begins, it is very simple to evade taxes by individual borrowers, but it is difficult for groups on a large scale to avoid it.

Due to the mechanical nature of the government bureaucracy, it is likely that these groups and banks will be grouped together to facilitate later management.

A one-size-fits-all group, with a backward operating model and thin profits, will most likely not survive.

Although the payment of taxes will ruin the wealth, the market share of banks will increase. Whether it was a loss or a gain, no one can say for a while.

"Obstruction?

No!

Not only could it not stop his actions, but it also added fuel to the fire behind him and encouraged him to advance.

There are two sides to everything, once the royal government has taxed us, and if you want to borrow money in the future, you can't be as preferential as before, everything can be done according to the rules and regulations of the bank.

Tell Rudolph to send someone to keep an eye on his peers and collect data on their operations.

If the government's policy of taxing banks is implemented, these things may become a sharp blade against competitors in the future! ”

Hudson said with a smile.

Follow the trend, the best policy!

Pay the tax, pay the tax, anyway, the royal government owes a lot of debt to the bank, and I don't know which monkey year and horse month will be able to pay it off, so it's a big deal to use it to deduct.

As for the Earl of Rinares, who caused all this, Hudson said that he was a nobleman with a heart and did not care about such trivial matters.

……

Emerald Palace.

Caesar IV, who was holding back the fire in his belly, was having a gloomy face at the moment, constantly spitting at Count Rinares.

Without paying attention for a while, his cronies made a big news. Taxing banks is essentially reaching out to the great nobles to ask for money.

The Development Bank of the Near East is the most popular and the most profitable, but it is not the only player participating in this market.

Which financial institution, large and small, in various places, does not have the support of the local real power aristocracy?

As king, Caesar IV was not able to transcend the world. In addition to its participation in the Development Bank of the Near East, the royal family also has a royal bank and a number of financial institutions.

Originally, there was a controversy within the royal family about whether to reform, but now that it has been slashed at itself, the resistance may be even greater.

But the matter was still made by his own cronies, and Caesar IV wanted to say that he didn't know, and it was hard for the outside world to believe it.

"Your Majesty, I... I ......"

Looking at the way Count Rinares was struggling, Caesar IV's anger was instantly extinguished. After all, it is the hidden dragon team, and the treatment naturally cannot be equated with ordinary subordinates.

"Okay, since you have made the matter out, you must do the follow-up work well.

Rinares, I hope you can learn from this incident, don't think about it as a play, usually more than your brain.

Everything else is easy to say, Marshal Hudson's side, you can explain it yourself. In short, I can't let him think that this incident has something to do with me! ”

Caesar IV said with an unhappy face.

Just received dividends from the Development Bank of the Near East, and then turned around and stabbed in the back, which does not conform to the code of conduct of the contemporary aristocracy.

Once it is passed out, who will dare to cooperate with him! Moreover, there are so many shareholders in the Development Bank of the Near East, even the royal family cannot afford to offend easily.

If you want to cut meat from others, you have to give a reasonable explanation.

How to operate, Caesar IV doesn't care, anyway, he definitely can't carry this black cauldron.

"Your Majesty, please rest assured! I will take care of this and will not cause you any trouble. ”

Count Rinares replied hurriedly.

The cold sweat on his forehead had already exposed his weakness. Originally, it was just a momentary anger, and I wanted a small revenge, but I didn't expect so many problems to be involved at once.

If it weren't for Caesar IV's self-defeat, Count Rinares would not have known that the Development Bank of the Near East actually had hundreds of shareholders, and each of them was a powerful man.

If he could turn back time, he would never touch this Big Mac. It's a pity that there is no if in reality, and political things have always been difficult to recover.

Regardless of whether Count Rinares was willing or not, he was the first to propose a plan to levy taxes on the bank.

You can't take it back, because that's what the reformers wanted, and that's what Caesar IV wanted to push!