Chapter 118: The Refinery and the Gold (Ask for Subscription!) )

Forty-eight pieces of gold, five hundred grams, the total weight of which amounted to twenty-four thousand kilograms, or twenty-four kilograms.

When converted into pounds, the total value of these bullion bars amounts to more than £3,200.

While it may not seem like much, these are actually only a third of the daily production of the gold fields.

In other words, if mine production continues to grow, new mines will be able to make at least tens of thousands of pounds a day, or at least more than three million pounds a year.

According to the industrial sector's delineation of the extent of the gold mining area and the estimate of the gold reserves, the total reserves of the new mine are at least 20 million tonnes.

This will bring tens of millions or more of pounds to Australia, depending on how fast the gold mines are mined.

The size of the mine coincides with Arthur's expected issuance of a new currency.

Although a new currency is already being planned, Arthur does not expect to be able to replace the role of the British pound in Australia anytime soon.

Before the outbreak of the First World War, the British Empire remained the undisputed hegemon of the first place, and the pound was irreplaceable, even in an independent Australia.

What Arthur was able to do was issue a certain amount of Australia's own currency, and make the new currency circulate, at least to the extent of Australia.

Even in Australia and Oceania, the idea of a new currency to replace the pound is a grand one.

Therefore, Arthur also planned the maximum amount of new currency to be issued, that is, the equivalent of 20 million pounds sterling in the new currency.

This is a number that has been determined after careful consideration. If the amount of new currency issued is too small to circulate in Australia, people will only want to treasure it rather than circulate it as soon as they get it.

If too much new currency is issued, it may be able to achieve good results in a short period of time.

If there is any problem with the new currency, or if any external factor causes the acceptance of the new currency to be reduced, there is a high probability that all new currency issuance will fail.

If it is even more serious, it will directly threaten the issuance of the official Australian currency in the future.

After all, once bitten by a snake, ten years afraid of the well rope. If something goes wrong with the issuance of a new currency, it will be carried over into the future issuance of Australia's official currency.

Under the leadership of Adam Root, Prime Ministers Arthur and Evan and Minister Pierre finally saw the first gold bars newly refined from the refinery.

For the convenience of storage and calculation, each gold bar is equivalent to 500 grams, and a total of 48 gold bars are neatly placed in the warehouse.

Although the net worth of Prime Minister Evan and Minister Pierre far exceeded the value of these gold bars, after seeing the piles of gold bars with their own eyes, there was still a flash of fluctuation in their eyes, but they were quickly suppressed by the two.

Arthur naturally needless to say, as a super-rich man with a net worth of hundreds of millions of pounds, this bit of gold cannot enter his eyes.

Through Arthur's expenses, any of them is a huge expenditure of tens of thousands or even hundreds of thousands of pounds, and this thousands of pounds of gold seems to be a drop in the bucket, and it cannot make Arthur have any fluctuations.

"Director Adam Root, how much gold does your factory produce per day?" Arthur asked, looking at the person in charge of the refinery.

If you want to issue a new currency of 20 million pounds, you must have at least a dozen tons of gold in your hands, and you must be able to ensure that a large amount of gold is mined and produced every day.

As a result, the speed at which the refinery produces gold also determines the timing of the issuance of new coins, and Arthur does not intend to issue new coins sooner rather than soon without sufficient gold reserves.

"Your Highness, there are many factors that determine the amount of gold produced. If we can ensure that enough gold ore is delivered every day, and then have the workers work overtime, we should be able to produce at least 50 gold bars a day. Adam Rout thought carefully for a moment before speaking.

Indeed, as Adam Rutter said, the speed of gold production depends not only on the speed of the refinery, but also on the number of gold ore delivered, the number of workers, and so on.

"This kind of production is still not enough, at least it has to basically match the daily output of our gold mining area." Arthur shook his head and ordered, "The production of the gold mining area has now exceeded five thousand tons per day, and it will continue to increase. Under such circumstances, I hope that the refinery will be able to extract at least 5,000 tonnes of gold ore every day, so that we do not waste the manpower and material resources we have invested. If you have any questions, you can tell Minister Pierre that if there is not enough workers, equipment, or space, you can also quickly expand it. In short, I want the refinery to match the mining volume of the gold mining area as soon as possible, can this be done? Adam Rute, Plant Director. ”

Adam Rout nodded hurriedly and said, "Please rest assured, Your Highness. As long as we can provide sufficient equipment, manpower and capital, I promise to increase gold production in the shortest possible time. ”

Director Adam Rout knew that Arthur's questions did not require him to answer, but to make firm assurances.

With sufficient manpower, equipment and funds, if the production of gold cannot be successfully expanded, then Arthur will really have to change the head of the refinery.

In order to keep his position, no matter how difficult the task is, Adam Rout can only take it head-on.

However, the good news is that Arthur has guaranteed the supply of equipment and manpower, and there will be no shortage of funds.

It is not too difficult to expand gold production under such a premise, at least Adam Rout is confident that he can do it.

After receiving Adam Root's assurance, Arthur nodded with satisfaction and instructed: "The production of gold is very important for Australia, and it will be related to Australia's important plans. If you can do a good job of increasing gold production, Adam Root, you also have a lot of credit. Any problems encountered during this process can be reported to Minister Pierre, who will ensure the smooth expansion of the refinery. ”

Adam Rout nodded again and again, respectfully agreeing one by one.

The gold bars produced at the refinery will be transported to the Crown Bank vault in Sydney in one of Australia's few cars for storage until they are needed.

There is no doubt about the security of the vaults of the Royal Bank, and it is even tighter than that of the refinery.

The only thing to worry about is the distance between the refinery and the royal bank, but because of the military protection with them, there are basically no problems.

The second more, ask for support!

(End of chapter)