Chapter 394 Annual Summary

The 1,150,000 freedmen collected a land tax of 288,000 gold coins, plus commercial taxes, customs duties, real estate taxes, installment purchase money, house rents, and so on, and this year's tax revenue has reached 420,000 gold coins, an increase of 120,000 gold coins compared with last year, an increase of 40 percent over the same period last year, which is a very huge increase.

Next year will also be a big year for the pardon of freemen, with more than 300,000 new freemen, and it is estimated that by the end of next year, Haaland will receive more than 500,000 taxes, which will reach the level of the marquisdom's fiscal revenue.

From the first day of the establishment of the territory, Haaland received the main revenue not from taxes, but from the profits handed over by state-owned enterprises.

In the early days, the territory mainly relied on steel, liquor, and brown sugar, and in the following years, the distillation of liquor technology leaked, and the income of liquor decreased, but the steel trade still accounted for a large proportion of the profits handed over by state-owned enterprises.

Today's Harland Collar is most profitable in all kinds of magical goods, such as Radiant Elixir, Styx Elixir, Alchemy Bomb, Magic Hot Air Balloon, Scorching Ray Gun and so on. But the ones that create the most jobs and turn in the highest profits are still steel products.

In recent years, because of the outbreak of war, coupled with the need to build railways, Haaland led the steel industry has been increasing production capacity, this year the steel sector has produced a total of 53,000 tons of iron, 30,000 tons of steel, the total steel production capacity of more than 80,000 tons, has exceeded the level of the vast majority of township steel plants in the nineties of the previous life.

Most of the 80,000 tonnes of steel production capacity is absorbed within Haaland's territory, while the rest of northern Xinjiang consumes one-fifth of its capacity.

Nowadays, the retail price of steel products has been very stable, although the export of steel is only 16,000 tons, and the steel industry of the northern aristocracy has collapsed. Now the retail price of Haaland's steel has been reduced to two copper coins per kilogram, and no matter which nobleman produces a kilogram of steel, he will lose money.

Compared to 20 years ago, the price of steel products has decreased by 15 times. Nineteen years ago, Richard bought iron to make weapons, and the price of poor quality pig iron was as high as one silver coin per kilogram.

Prices have dropped dramatically, and incomes have increased considerably compared with 20 years ago, which shows that the living standards of the freedmen in Haaland's territory have far surpassed those of the three northern provinces.

Due to the increase in production capacity, the steel department handed over a profit of 300,000 gold coins to the territory this year. Compared to last year, this is an increase of a quarter level.

Due to the production constraints of Xuejing Lake, the market share of Tenghui Pharmaceutical is relatively stable. As in previous years, the vast majority of Tencel Elixir Potions were used within the realm to reclaim merit.

This year, Haaland has refined 24,000 bottles of Radiant Elixir, and the production capacity is relatively close to that of the Grant royal family. Among them, 20,000 bottles were consumed inside the territory, and more than 1,200 professionals were added.

It is precisely because of the promotion of a large number of professionals that Richard has been able to continuously expand the army, form an all-professional army, and set up special arms.

The 4,000 bottles of Tenghui Elixir sold were exchanged for grain and ore worth more than 50,000 gold coins, 60,000 gold coins of extraordinary materials, and more than 80,000 gold coins in cash were also recovered from the soldiers in the territory.

This year, because the vassal of the territory could not pay off the arrears, Richard did not provide them with the Venant Elixir, not counting the merits recovered from the soldiers, and the hunting of snow crystal fish and refining the Venant Elixir not only allowed the Haaland Leader to save a large amount of money on the purchase of the Venant Elixir, but also earned a profit of about 200,000 gold coins.

This year's newly launched Styx Elixir is also a leading product of Haaland, although it has only been on the market for the first year, only fifty-four bottles have been auctioned, and it still brings 220,000 cash to Haaland.

The magicians who bought the Styx potions were mainly from the Grant Mage Guild, and the two medium Styx potions were sold to the upper echelons of the Mage Guild, one of whom was also an acquaintance of Richard, Evans Shane, who spoke for Richard in the Necromantic Realm.

Fifteen years have passed, and Shane has been promoted to the Nine-Ring Magician, but he is close to the age of seventy, and there is little chance to break through the legendary bottleneck and complete this promotion.

The promotion of the legend is relatively risky, if it can't be successful, it will be seriously injured at least and killed at worst, and Shane came to Haaland to buy the Styx potion this time, probably in order to rush before he runs out of energy.

Anyway, Richard wasn't very optimistic that he would be promoted.

This year, Haaland led the reclamation of more than 3 million acres of wasteland, but these newly cultivated farmland have delayed spring planting, only some miscellaneous beans were planted in the first year, the harvest of the newly reclaimed farmland is less than 60,000 tons, and the ratio of seeds to grain remains at a very low level.

Today, Haaland has reclaimed 14 million acres of farmland, of which about 6.9 million are in the hands of the freedmen. More than 7 million acres of farmland are under the direct control of Haaland's collar authorities.

This year, the total agricultural grain production in the territory reached 1.1 million tons.

Although 1.1 million tons of grain is a lot, the Harland Territory already has 2.5 million people, in addition to supporting more than 300,000 sheep-like people, more than 100,000 orc slaves, plus more than 100,000 large animals, the simple ration needs to consume 550,000 tons, in addition to the territory breeding industry needs a lot of feed, adding up to about 350,000 tons.

Next year, more than 100,000 tons of grain will be set aside to grow grain, and grain will also be needed for brewing wine and grinding noodles, and the grain produced by the Haaland territory this year is already somewhat insufficient.

If it weren't for the fact that the Southern Expedition made a fortune from the Delong Kingdom, plus the purchase of more than 100,000 tons of grain at 300,000 gold coins, the grain stored in the treasury would have been exhausted.

Although the agricultural production in the Haaland territory is very good this year, the grain output is rising, and new reservoirs and ditches have been built, because of the new population of more than 700,000 people, there is no profit in a year, and 300,000 gold coins in cash have been posted.

With the expansion of the population, the Haaland flour manufacturing industry is still not saturated and is still developing rapidly.

This year, Haaland led the increase of more than 300,000 freemen, and the market size increased by more than one-third, although the flour manufacturing industry does not restrict private capital, and the competition is very serious, several flour mills still handed over 160,000 gold coins in profits this year, an increase of 12 percent year-on-year.

The private flour mill paid a tax of 56,000 gold coins, which has been counted in the tax revenue.

The development of animal husbandry is good, because of the expansion of the domestic demand market, the inventory of official pastures in the territory has increased significantly this year, the supply has increased by a quarter, and the price of meat has basically remained stable.

Haaland's Ranch delivered an excellent report card at the end of the year, in addition to supplying the army. A total of 150,000 gold coins were handed over in profits in one year.

The number of freedmen has increased, the domestic demand market has expanded, the production capacity of the brown sugar market has risen again this year, and Haaland has opened up the southern smuggling route, and the brown sugar planting and sales departments have handed over 146,000 gold coin profits this year.

Next year will be the year when the term of indentured slavery will expire, nearly 300,000 people will be pardoned in the spring, the domestic market will continue to expand, and the brown sugar planting department will hand over more profits.

Today, Haaland's brown sugar plantation has expanded to more than 100,000 acres, forming a huge sugar market, which has greatly reduced the cost, and is no longer afraid of competition from other nobles.

The size of the population has increased, and the vitality of the real estate industry has increased greatly. Because the population of Haaland is still rising rapidly, the real estate industry is likely to continue to thrive for many years.

Richard's three views have been formed in the world of science and technology with developed capital, and he is very clear that the real estate industry is related to people's livelihood. In the previous life, many countries were stuck in this industry. This industry has a strong financial nature attached to it, and Richard strictly controls the scale of real estate development and strictly prohibits private capital from getting involved in this industry.

The Duchy of Haaland is still an emerging country, and the intertwined network of relationships within the territory has not yet been formed. Richard is the founding monarch, and his own strength is also very strong, he can suppress the demands of interest groups in the territory, and has a very strong control over the territory, and he does not need to compromise too much with the interest groups and give up a lot of profits.

Therefore, although some officials and nobles in the territory were not satisfied, they still did not dare to oppose Richard's decision.

The real estate industry has a long industrial chain, involving masonry, cement, glass, wood and other industries, which is related to economic development and people's livelihood.

The Harland Territory builds a large number of houses every year and rents them to the freedmen of the territory at low prices.

The annual rental money and installment purchase money are very stable, and it is a profitable and loss-making transaction, and these earnings are as high as 160,000 gold coins profit this year.

As the arms business in the Harland Territory became more and more prosperous, the southern nobles bought weapons from the Harland Territory, then captured slaves from the Deron Kingdom and sold them to the Harland Territory.

From the Dukedom of Duran, the Duchess of Guise, to the hereditary barons, the vassals of the great nobles, and even the legions directly under the royal family, they also began to get involved in this business and work for the Haaland Lord.

Last year, Richard bought 260,000 slaves, paid 1.3 million gold coins in cash, sold more than 800,000 gold coins of weapons, and the arms production and sales department handed over 180,000 gold gold in profits for Haaland.

The coin minting department also made a lot of profits, because of the rapid economic development, Haaland was still in a shortage of money, although this year the dragon's nest was laid down and 1.5 million gold coins were seized, but this money was used to buy slaves, and it was quickly consumed.

However, because a large amount of gold was seized from the dragon's nest, after being handed over to the Grant royal family, 300,000 gold coins were returned, and the money shortage was slightly alleviated.

Throughout last year, Haaland minted silver and copper coins worth 130,000 gold coins, and in order to promote paper money as a credit currency, he also printed 120,000 gold coin vouchers and distributed them to civil servants and soldiers as salaries.

After three years of printing vouchers, everyone finally gained some confidence in this special currency, and began to circulate in small quantities in the market.

Haaland did not issue treasury bonds this year, because of the lack of financial talents and some conservative thinking, Richard is very careful about issuing bonds.

Today, Haaland has only issued 60,000 gold gold bonds, which is very light compared to the government's revenue.

This year, the dragon's nest was laid, a large amount of jewelry was seized, and about 80,000 gold coins in cash were recovered after being sold for most of the year.

Haaland led the Duke's Bank, because of the large profits made by investing in private flour mills, the bank's profit this year exceeded 100,000 gold coins, and Richard asked the Duke's Bank to hand over 60,000 gold coins of profits, and 40,000 gold coins remained in the banking system to replenish the principal.

Because of the increase in population, the expansion of the domestic demand market, the profit of the cotton spinning business is also greatly increased, although Haaland led the price department to the people's livelihood price management is very strict, the profit margin of the cotton spinning industry is not high, this year still handed over 100,000 gold coins of profits.

Haaland received the commodity monopoly decree, and the government controlled almost the vast majority of people's goods, and Richard demanded not only profits from these state-owned enterprises that control basic resources, but also from relatively safe and cheap goods. When state-owned enterprises monopolize the market, they have the responsibility to provide low-priced goods and maintain territorial stability.

The domestic demand market is increasing, and the soap and soap industries are also increasing production capacity, and the soap department has handed over 80,000 gold coins in profits this year.

The sales of Harland's drugs are still skyrocketing, and the sales of Harland's drugs are divided into two types: magic potions and ordinary drugs.

Each of these two has a fist product, the hemostatic ointment is actually a low-grade magic potion, and the anthelmintic agent that began to be sold on a large scale this year is also a bombshell, bringing very big profits to Haaland.

The most basic characteristics of magic potions sold by the Pharmaceutical Division are high availability and low cost.

Painkillers are a new drug developed in the territory, which is similar to aspirin in composition and is entirely due to the chemistry department. With Richard's personal intervention, sulfonamides are also under development.

The largest variety is natural plant extract medicines, and there are more than a dozen kinds of medicines of this type.

All kinds of drugs are blooming, and the drug production and sales departments have handed over 160,000 gold coins in profits this year.

Coal production is still skyrocketing, and now Haaland has discovered three mines: Tulum near Fort William, Kassan, upper Bernie, and Lothar in the eastern part of the Lothar Basin.

All three coal mines have been put into operation, and the production capacity has been increased to 400,000 tons this year. This year, the three coal mines have handed over a total of 95,000 gold coins in profits.

The rest are basically some small-scale industries, because of the expansion of the domestic demand market, these large and small industries combined, can hand over 260,000 gold coin profits.

Excluding the cash proceeds from the Dragon's Nest, Haaland's fiscal revenue this year reached 2.94 million gold coins, an increase of 1.11 million gold coins over last year, an increase of 60.6 percent year-on-year, far exceeding the level expected at the end of last year.

After the Grant royal family conquered the Southern Territory, the fiscal revenue stabilized at about 5.5 million gold coins, which is roughly equivalent to half of the royal family's fiscal revenue according to Haaland's fiscal revenue this year.

This year, there are only 2.5 million people in Haaland's territory, and the royal family directly controls tens of millions of people, and also has the complete right to mint coins, and the big and small lords will more or less make offerings.

Haaland's per capita productivity is almost 2.4 times that of the royal family.

Counting the cash income from the dragon's nest, Haaland received 4.82 million gold coins, which is almost equivalent to 87.6% of the Grant royal family's financial income.

(End of chapter)