Isaac. After Perel left his study, Jérôme. Bonaparte picked up Achill again. Read more about the report written by Fulder.

Ranking in Isak. Below Perel were the Banque de la City de Paris and the Banco des Constructions of the Seine, which were founded by the Seine city government with only 50 million francs

Today, the two banks are each saddled with 100 million francs in debt.

If the two banks were to merge, their liabilities would definitely be number one.

According to Ahir. According to Fulder's report, the debts of the City Bank and the Construction Bank continued to grow, and were expected to reach 300 million francs in 1858.

Such a large debt is equivalent to the fiscal revenue of the entire Seine department for nearly two years (and if the expenditure is excluded, it is equivalent to the fiscal surplus of the entire Seine department for nearly 10 years).

And the reason why these two banks are saddled with huge debts is entirely for George. Haussmann's Paris renovation plan was paid.

The vast majority of the 200 million francs of the debt already incurred were spent on the expropriation of houses in the Old Town.

The expropriation process is for the City Bank and the Construction Bank, on behalf of the Seine provincial government, to negotiate with the citizens of Paris to buy/replace the land in the hands of the citizens of Paris in a reasonable way, and then sell it to those who need it.

If this kind of land sale is planned properly, the government will not only not be burdened with foreign debt, but will make a lot of money.

It's just that George. In order to complete his ambitious plan as soon as possible, Haussmann chose to enclose land in Paris and its suburbs, and at the same time sold the land at a price of 30% higher than the purchase price, and the money from the sale of the land was lent to a qualified developer, which caused the city bank to be burdened with this huge debt.

Today, City Bank and China Construction Bank only have land and developer debts in their hands.

If the land cannot be liquidated or the developer goes bankrupt, then the two banks have only one way to go bankrupt.

If it is not good, the finances of the entire Seine department will be overtaken by Georges. Ottoman implicated.

After looking at the liabilities of these two banks, Jérôme. Bonaparte suddenly felt a headache.

On the question of the cost of urban renewal in Paris, Jérôme. Although Bonaparte had already had a psychological expectation, after he saw the huge debt, he still inevitably wanted to take a little relief.

Huge debts are not a good thing for a city at all, and he fears that Paris has not become an international metropolis, but has become an internationally famous debt metropolis.

Just Jérôme. As far as Bonaparte already knew (not excluding the concealment of liabilities such as the case of the City Bank of Paris), the entire urban renovation of Paris had cost almost a billion francs.

Although the effect of urban transformation is indeed obvious, the main roads of the main urban areas of Paris have been repaired, and the department stores, hotels, and inns have also been renewed, which has really attracted a large number of people to come to Paris for consumption and boosted Paris's financial revenue, but the cost of nearly 1 billion francs is really a bit much.

This is equivalent to nearly one-third of the annual income of the whole of France, which is really a bit terrifying.

That's it, and the transformation of Paris is only half of the transformation.

If you want to succeed in complete transformation, at least 1 billion yuan must be smashed into it.

Not to mention, the maintenance after the construction is completed, which is also a lot of money.

But in all fairness, George. Haussmann was indeed a capable Seine***.

With less than 200 million start-up funds and 1 billion francs to complete the construction, the Seine is still running smoothly today, and it is no exaggeration to say that Baron Ottoman is fully capable of serving as the chancellor of the Exchequer of the Empire.

Although said Jérôme. Bonaparte still admired George. Ottoman, but that doesn't mean Jérôme. Bonaparte agreed with George. Ottoman practices.

Especially now that the economic crisis is approaching, Jérôme. Bonaparte had to get George. Ottoman paused appropriately.

One is to George. Osman took a vacation for a while, George. Osman has rarely taken another vacation since he took office

and the second is to give Arshier. Fuld gave an explanation.

After all, he was also prepared to let the Banque de France properly untie the Seine provincial government.

Ahir. If Fuld is not willing to cooperate, then Jérôme. Bonaparte will have to work hard.

So, Jérôme. Bonaparte called Basilio again and ordered him to hurry to the city hall of the Seine. Osman shouted.

Basilio listened to Jérôme. Bonaparte departed after the order, and twenty minutes later George. Ottoman appeared in Jérôme. Bonaparte was slightly apprehensive in front of Jérôme. Bonaparte responded, "Your Majesty!"

He also understands that Agerom. Bonaparte's purpose in calling him over.

"George. Baron Ottoman!" Jérôme. Bonaparte did not call him a position, but used his title of nobility as a sign of closeness, "How long have you been in this position in the Seine!"

"Your Majesty, it's been almost 7 years!" George. Osman responded respectfully?

"7 years! That's fast!" Jérôme. Bonaparte put his hand on his thigh and said, "Life can only be more than ten or seven years!"

It's been hard work for you to devote all your energy to the province of Seine for the past seven years!"

George. The more Baron Ossmann listened, the more panicked he became.

The emperor's tone was like a parting message, could it be that the emperor wanted to depose him?

"Your Majesty, I am honored to serve the Empire and you!" George. Haussman hastened to show his loyalty, and he did not want to move himself from his position in the province of Seine.

"George, it's just the two of us here, so there's no need to say flattery!" Jérôme. Bonaparte smiled and said a word, and then asked Georges with a very serious expression. "Now I just want to ask, how much debt is still hidden by your Seine City Hall!!"

George. Osman told Jérôme the truth. The only debt that Bonaparte concealed was the debt of the city and the construction bank.

"Really?" Jérôme. Bonaparte vs. George. Osman asked rhetorically.

"Your Majesty, I can assure you in the honor of my family! I have no debts to hide other than those of the City Bank of Paris and the Construction Bank!" George. Ottoman vs. Jérôme. Bonaparte responded.

"Tell me, how are you going to pay back that money from the Seine provincial and municipal governments?" Jérôme. Bonaparte vs. George. Osman continued.

George. Osman told Jérôme. All the debts of the municipalities of Bonaparte and the Seine will be paid slowly by the municipal government.

"Slow repayment?" Jérôme. Bonaparte was slow and methodical to George. Osman said, "Even if you take out all the money of your town hall every year, you will need to repay it for a few years.

You tell me how to pay it back! Are you going to make all the officials of the Paris City Hall frugal to pay off their debts?"

"Your Majesty, we can add some tax revenue appropriately...... George. Osman came up with his own idea.

He wanted to increase the tax revenue of the city hall by raising taxes.

Jérôme. Bonaparte's eyes widened as he looked at George. Osman, for a moment, he doubted the George in front of him. The Ottomans were hidden in the depths of the Second Empire.

However, it was soon replaced by Jérôme. Bonaparte personally vetoed.

After all, a shrewd housemaiden would never have thought of such a deadly proposal to raise taxes on the people of Paris.

"George, you're disgusted that the empire is too solid to your liking!" Jérôme. Bonaparte coldly to George. Osman said.

George. Osman had a flustered look on his face, and he shook his head at Jérôme. Bonaparte responded, "Your Majesty, I am not ......"

"Then you were talking about tax increases!" Jérôme. Bonaparte vs. George. Osman said, "Don't you know what it means to raise taxes in Paris?"

Jérôme. Bonaparte paused and said to himself, "This means that a *** may be staged in the Seine!

When the time comes, you, me

And the vast majority of ministers in the cabinet are finished!

I think my uncle, Emperor Napoleon, once said that he would rather face the enemy's thousands of troops than raise taxes on the heads of the people of Paris!

Do you think that you are more courageous than my uncle? Or do you know Paris better than the forefathers of the Revolution?"

"Don't dare!" George. Osman bowed his head to Jérôme. Bonaparte replied that he did not dare to compare himself with the Emperor Napoleon.

"Humph!" Jérôme. Bonaparte snorted coldly again, and then spoke to George. Osman said, "George, you've worked so long that your mind is a little unclear! I think you should take a break at this time and go to the Senate as a senator!"

George. Osman's brain instantly felt as if it had been hit by a hammer, and his mind was blank at the moment, and his body was almost unable to stand.

Subsequently, George. A miserable smile appeared on the corner of Osman's mouth, and he still respectfully addressed Jérôme. Bonaparte said, "As long as Your Majesty gives an order, I will carry it out immediately!"

Looking at the George in front of him, who has done his best for the transformation of Paris. Ottoman, Jérôme. Bonaparte could not help but be moved by compassion, and he spoke again in a cordial tone to Georges. Osman said, "George, you're just resting for a while!

When the time comes, the province of Seine*** will still be yours.

During your tenure as a senator, the alternate Minister of Public Transport and the members of the Council of the City Council of the Seine will remain with you.

You still have the right to direct the Seine!"

George. Ottoman listened to Jérôme. After Bonaparte's arrangement, I felt a little better.

Immediately afterwards, George. Ottoman left Jérôme. Bonaparte's study.

For the expression of guilt of Jérôme. Bonaparte personally took George. Haussmann sent to the Tuileries Palace.

Send George away. Jérôme of the Ottomans. Bonaparte ordered Basilio to take Achill. Fuld called.

Ahir. After Fuld's arrival, Jérôme. Bonaparte told Achill. Mr. Fuld said he hoped the Treasury Department and the Banque de France would cover the debt of the Seine municipality.

Ahir. Fuld said that the Treasury Department would only be willing to cover the work of the Seine, which had suspended some of the projects that were still in the pipeline.