Although there is no large-scale war this year, the steel production in the Harland territory is still very fast, according to the economic data statistics at the end of the year, the territory has built more than 20 small blast furnaces, steel output of more than 18,000 tons, iron output of more than 30,000 tons.

Although the price of iron is still falling, the market has fallen to four copper coins a kilogram, and an ordinary worker can buy one kilogram of crude steel in one day.

Because of the development of Haaland's territory for more than ten years, the price of steel has been reduced to one-ninth of the level of other kingdoms.

The cost of steel products has been continuously reduced, which has greatly impacted the original market in northern Xinjiang.

For example, Baron Franklin, a rival in the early years of the Harland Domain, has given up mining iron ore.

Because at the current market price, Baron Franklin would lose money for every kilogram of steel produced.

Even the iron ore of the Edward, Jonathan, and Fox families is reducing production capacity every year. Because of the cost of production, their steel products simply cannot compete with Haaland's lead.

The price of steel products in the south of the Grant Kingdom was also reduced to twelve copper coins per kilogram.

It can be said that because of the sharp increase in steel production capacity in the Haaland territory, the competition for goods has been greatly intensified and the living standards of the free people in the country have been improved.

The increasingly large steel market has brought Richard a profit of 200,000 gold coins, although the price of steel has been reduced by a quarter this year, because of the expansion of production capacity, the profit has increased slightly compared with last year.

The scale of the brown sugar sales market is still expanding, and the output of brown sugar in the Haaland territory has increased to 7,600 tons this year, and the domestic demand market in the territory alone consumes 3,500 tons.

In addition, about 600 tons of brown sugar were sold for military supplies, and about 400 tons were sold in the markets of the three northern provinces.

The three dukedoms of Jonathan, Fox, and Edward sold 600 tons, the Nolan market sold 500 tons, and the Starnik market expanded very quickly this year, wholesaling 1,300 tons a year.

The remaining 700 tons of production capacity were basically smuggled into the kingdom of Delong.

After the Grizzlies went south, the Haaland family expanded their connections to the southern provinces, and the smuggling channel to the Delong Kingdom was opened this year, relying on this channel, the Duke of Haaland dumped many overcapacity goods at low prices.

Although the production of brown sugar has increased by 52 percent this year, it has rarely reduced the selling price, and the profit has also increased to 90,000 gold coins.

In addition to agriculture and animal husbandry, flour industry, iron and steel industry, and brown sugar industry, the territory's major income this year also includes real estate business, hunting monsters, military trade, and coinage income.

This year, the real estate industry has ushered in a new flashpoint.

Nearly 260,000 new freemen were added, and the demand for building houses was unusually strong, with the exception of the flour milling industry, where the real estate industry developed at the most astonishing rate.

Not only have state-owned construction companies expanded their scale, but also many private construction companies have been established, brick kilns and lime kilns have been built, and timber processing plants have also increased their cutting targets and begun to burst production capacity.

According to the sample statistics of government departments, more than 20,000 brick houses and more than 40,000 wooden houses were built in the Haaland territory last year, and the government has also built many large projects.

The real estate and construction sector contributed 100,000 gold in profits to the Harland Territory Government.

The profit of 100,000 gold coins has been ranked among the top few in the financial contribution of the territory, and the influence of the real estate industry on the economy of Haaland's territory has become more and more important.

Hunting Warcraft has brought millions of gold coins to the territory this year, but these resources have been invested in army construction, and they have not increased cash income, but because of the purchase of materials, more than 200,000 gold coins have been pasted upside down, but the combat effectiveness and heritage of the army in Haaland's territory have been enhanced.

Elite soldiers wearing wurm leather armor will have a greatly reduced casualty rate.

In the battle with the undead a few days ago, the first squadron did not lose a single casualty, and only six were lightly or seriously wounded. Good enchanted armor is the most important reason for fewer casualties.

This year, the arms trade has increased very fast, because more and more alchemists have been trained, and the production capacity of Haaland's leading workers has increased, and 6,000 alchemy bombs, 800 scorching ray guns, 3,000 pieces of iron armor have been sold this year, plus some orders with little profit, and the profits brought by the military trade to the territory this year have been 90,000 gold coins.

The income from minting coins is still very stable, and the minting of copper and silver coins, plus the mining of magic crystal ore, has brought a total of 103,000 gold coins to Haaland's territory.

Because of the rapid economic development of Haaland's territory, new goods are put into production every few years, and the problem of currency shortage is very serious, even if 90,000 gold coins are minted every year, it is still not enough for the market.

According to Richard's observations, the Haaland territory has been in a slow state of deflation.

In some impoverished villages, there is even a barter market, and with the reality of Haaland's territory, paper money should have been introduced.

If you want to promote paper money, there is still a certain degree of technical difficulty, at least the anti-counterfeiting problem is imminent, and the problem of currency anti-counterfeiting is solved, and there are some institutional problems.

After all, Haaland's territory belongs to the Grant Kingdom and does not have complete coinage rights, and it is not easy to issue paper currency and convince the Grant royal family.

Unable to issue paper money, Richard could only print some vouchers and distribute them to soldiers and civil servants as salaries to alleviate the shortage of metal currency.

These vouchers can be used to buy supplies in the general stores run by the official territory and can also be used to offset taxes.

Throughout this year, under Richard's personal planning, Haaland's territory printed 120,000 gold coin vouchers three times and distributed them to military officers and civil servants.

Because it was the first year, everyone had no confidence in this metal currency substitute, so they immediately went to the store to buy various goods after receiving the voucher.

The vouchers issued this year are basically out of circulation, which is equivalent to Richard replacing metal money with physical commodities and paying salaries to officers and soldiers. Even if the soldiers bought some goods that were not urgently needed, there were no big complaints. After all, it is indeed a bit difficult for soldiers with a lower level of education to understand the means of financial harvesting.

As long as the Haaland territory persists, the voucher can also form a special government credit currency, and the scope of use will gradually expand from the Haaland territory to the northern Xinjiang region.

At that time, just printing a few tickets will be able to exchange various resources and commodities from the northern Xinjiang region.

In order to achieve this goal, it is necessary to cherish the government's credit, and the amount of printed vouchers must be carefully calculated to match the development and improvement of productivity.

Once the currency is issued indiscriminately and the credibility of the government is destroyed, paper money will soon become worthless and the market will lose confidence.

In order to promote vouchers and to build up the financial sector, in March this year, a bank was established in Haaland's territory, called the Duke's Bank, and more than a dozen branches were opened.

This bank is a resident savings bank, and although the interest on savings is very small, the interest rate on fixed deposits is only 0.7 percent for one year, and there is no interest at all on demand deposits. However, many residents still deposit large amounts of money in bank vaults.

Urban dwellers, in particular, are quite eager to save money.

The main reason why city dwellers are willing to deposit their coins in banks is for the safety of their funds.

After all, if you hide gold coins at home, you also need to be careful to guard against thieves, rats, bear children, etc., and after depositing them in the bank, you can withdraw money with your household registration certificate and passbook.

If you lose your passbook, you can also take the household registration information to reissue it.

The second is that the commoners have strong confidence in Haaland's territory, and in other territories, the citizens do not believe in the lords and nobles, and the officials have no reputation, so they will naturally not deposit the coins in the nobles' coffers.

In just one year after its opening, the Duke's Bank absorbed nearly 1.6 million gold coins in deposits. These deposits were mainly contributions from the burgher class, and the peasants in the countryside preferred to keep their coins in their cellars.

Depositing in the bank today means that the money has begun to flow. Money flows in the territory, passes through the hands of different people, brings profits to all sides, and represents the good operation of the economy.

After more than ten years of development, there has been a clear difference between urban and rural areas in Haaland's territory.

In the beginning, the territory was established in the wilderness, and there was little difference between urban and rural areas.

Urban populations, like rural areas, depend mainly on farming for their livelihoods.

With the development of the territorial economy, there was gradually industry and service industry, and some smart people contracted out the farmland and invested it in more profitable industries, and then bought houses in the city and settled in the city.

More than a decade later, the urban dwellers of the Haaland Territory are generally richer than the peasants and have a higher standard of living.

More than 85 percent of the deposits of 1.6 million gold coins were contributed by city residents, while the total number of residents of the more than 20 castles in Haaland's territory was less than 300,000.

Deposits in the Duke Bank were also booming, but the lending business was very slow.

The interest rate on loans is much higher than the interest rate on deposits, and they need to pay 8 percent of the interest on loans a year.

And some street slickers who eat, drink, prostitute and gamble do not dare to go to the official yamen to take out loans and extort money. After all, if you can't repay the loan, you will go to jail, and the treatment of labor prisoners is much worse than that of indentured slaves, and the work they need to undertake is also more dangerous.

These gangsters in the market do not dare to provoke government departments at all.

The loans to the Duke's Bank were mainly from wealthy men like Odaye, the first generation of capitalists. They have abundant assets, great courage, and a relatively high reputation in the bank, and are willing to pay a certain amount of interest cost to borrow money to expand production and earn more profits.

Because of the opening of banks, the flow of money has been faster, the cost of private borrowing and financing has been reduced, the market has become more active, and the flour milling capacity has exploded extremely violently.

With the increase in production capacity, the cost of flour processing is also reduced.

With the large increase of free people, this year's cloth textile production capacity has increased rapidly, although the woolen cloth production capacity is limited by the supply of raw materials, the production capacity has increased by 12 percent, but the cotton cloth production capacity has almost doubled.

More than 500,000 acres of cotton have been planted this year, and the caravans in Haaland's territory have also imported a large amount of cotton from the outside world, and the textile department has handed over a total of 60,000 gold coins in profits this year.

In addition, there is also the magic crystal charging business, which has brought 30,000 profits to the territory this year. It's just that this part of the profit is reflected in the magic crystal, and it is impossible for Haaland's territory to sell the magic crystal, but only to increase the territory base.

With the successful research of the magic energy steam engine, the industrial project in the Harland Territory has consumed more than 1,000 magic crystals per year, and the output of the magic crystal mine in the Lothar Basin is more than 1,000 a year, which is just enough to consume almost no surplus.

The 3,000 magic crystals that are charged every year will also be used for military supplies.

Once a war is fought, the consumption of various materials is astronomical, and although there are already 10,000 magic crystals in Haaland's territory, they may not be able to fight several large-scale battles.

Because of the contract signed with the multinational chamber of commerce, the porcelain market has shrunk slightly this year, with a net profit of only 24,000.

Because of the increase in production capacity of soap and soap, the profit has approached 50,000.

The climate in northern Xinjiang is cold, and a high number of liquor is a necessity for life in the wild. With the increase in the consumer population, the liquor business has also ushered in a great development, and this year the profit alone is 45,000.

The income of medicines is also steadily increasing, the fist product is still hemostatic ointment, and the Haaland territory has cultivated three purple-headed peak kings, forming three bee colonies of no small size.

In order to prevent the bee colony from competing for territory, three purple-headed hives were placed in different cities, and these three purple-headed hives could bring 35,000 gold to Haaland's territory.

In addition to hemostatic ointments, the Haaland Territory can also produce many new medicines, such as burn ointments, internal wound healing potions, painkillers, marching pills, anesthetics, antidiarrheal drugs, and so on.

In particular, the painkiller pill is another blockbuster, selling 220,000 bottles last year, and even 400,000 bottles this year, bringing a profit of 16,000 gold coins to the territory.

The miscellaneous income added up, and the sale of medicines brought 74,000 gold coins to Haaland's territory.

Coal production in the Haaland Territory is also steadily increasing, especially in the eastern part of the Lothar Basin, where the second shaft was commissioned this year, using steam conveyor belts and steel drum shearers, increasing production capacity to 50,000 tons.

After the coal mine near Fort William was increased to 200,000 tons, it has been relatively stable in the past two years, and it is difficult to improve it with the existing mining technology due to the limitation of the ore layer.

This year's total coal production is 250,000 tons, with only a little more than 100 coal miners added, and the coal sector has brought a net profit of 60,000 gold coins to the Haaland territory this year.

The transportation industry is relatively stable, and this year Haaland has led the development of river transportation, because it has invested in a lot of new ships, and the cash income is very small, and the profits are invested in the expansion scale.

The rest are some small industries, such as dyeing cloth, because they want to compete with the royal family, Richard is unwilling to offend the royal family, the market expansion is not large, and there is no vicious competition in price reduction. Despite the good prospects, Haaland's territory has temporarily suppressed its appetite and has not made much profit.

The dyed cloth business has increased some profits this year compared to last year, mainly by tapping into the internal market, and has earned a total of 15,000 gold coins.

The income of the perfume industry is very stable, this luxury only serves a specific group of people, once there is a forced grid to occupy the market, the income can often last for many years, and it is also very stable, and this year it also earned a profit of 10,000 gold coins.

This industry has also driven the economic development of the City of Flowers, which has greatly improved the living standards of thousands of free people.

Because the literacy rate is getting higher and higher, there are more and more schools, the number of students has exceeded 20,000, and the scale of the paper business is also increasing rapidly, and this year's profit exceeded 10,000 for the first time.

This industry will also have extremely high development prospects, and the profit will exceed the level of 100,000 gold coins in another 20 years.

The Flame Spider has also expanded its population, and Anne has been contracted with the Flame Spider Queen for eleven years, cultivating the Flame Spider Queen into a third-order magical creature. However, the Flame Spider Queen's potential is exhausted, and she can only break the shackles of her bloodline unless she uses extremely precious magical resources.

In eleven years, the Flame Spider has grown to more than a hundred individuals. It can produce more than sixty catties of spider silk every year, which can be woven into twenty mage robes, and can generate six thousand gold coins for the territory.

The miscellaneous income from the fruit industry and the fresh fish business can also bring 10,000 gold coins to the Haaland territory.

All in all, Haaland's territory has received a total of 1.545 million gold coins in cash this year, an increase of 382,000 gold coins over last year's finance.

Not counting the income from demon hunting, the financial revenue of Haaland's territory has increased by 32% this year, and it is still skyrocketing.

(End of chapter)