The proposal for the Royal Academy of Science and the Royal University of Technology was quickly approved by the Cabinet, and the Treasury said it would allocate $8 million to build the two universities.

Because of the royal prefix, Arthur also made a point to attend the groundbreaking ceremony and the first opening ceremony of the two universities.

This also made the cabinet pay more attention to the two universities, and the Minister of Education, Kailo, made them the most important projects in the construction of the university, which he personally supervised.

After the education matter is temporarily resolved, the problem of medical care is actually not a big problem.

Australasia currently has two medical universities and one medical school, and the number of medical students trained each year is still very high.

It is important to know that universities in Australasia place the most emphasis on practical ability, and medical schools and medical universities are no exception.

Most of these medical students have only graduated a few years ago, but they have already interned several times during their college careers, and it is quite possible to get a hand out of practicing doctors.

After several years of experience and skill honing, they will also grow into qualified doctors in the hospital before being transferred to other newly established hospitals.

At present, the number of large hospitals in Australasia far exceeds the number of universities, and the average number of large hospitals in each state has exceeded five.

One of the more exaggerated is that in important cities such as Sydney, Melbourne and Fort St. Arthur, the number of large hospitals is more than five.

In areas such as Java and Sumatra, where colonies are indigenous, there are only 1-2 large hospitals.

One of the plans for the development of the medical sector is to increase the number of large hospitals currently in existence.

In any case, large hospitals have a more advanced level of medical care, especially the most demanding surgical procedures.

Only the increasing number of large hospitals can guarantee that more people can be treated when they need it.

The second is to support a large number of pharmaceutical companies.

It is not enough to have more hospitals, and the corresponding medical manufacturing industry must also be fully developed.

At present, the giant of the pharmaceutical industry in Australasia is undoubtedly the pharmaceutical group established by Arthur.

As Arthur attaches great importance to the pharmaceutical enterprise, the pharmaceutical group currently produces drugs that sell well throughout Australasia, accounting for more than 75% of the Australasian pharmaceutical market.

In addition, the pharmaceutical group also cooperates with many countries, and the net profit from drug exports is at least 25 million Australian dollars per year.

Although it seems like a lot, the profit from the sale of penicillin drugs accounts for most of it, and it is decreasing year by year.

This is not to say that the world's population is decreasing the need for penicillin. In fact, with the growth of the population and the wars around the world, the demand for penicillin is unlikely to decrease, but will only increase year by year.

Even in later generations, the annual sales of penicillin drugs were a huge number, and it was a market that lasted for a long time.

Because of this, countries are very coveted by Australasian penicillin drugs, and they have begun to develop their own penicillin drugs very early.

One is to break Australasia's monopoly on penicillin drugs.

In particular, the monopoly on a global scale, which is a big blow to other powers and all countries, also represents a huge business opportunity after the monopoly is broken.

The second is to muddy the penicillin drug market.

As a good medicine to prevent wound infection, penicillin is definitely not a marketable drug, and it also represents a huge profit from the production of penicillin drugs.

Beginning with the sale of penicillin in 1924, the production of penicillin drugs has brought in more than $20 million a year for the pharmaceutical group, and even exceeded $35 million at its peak.

Although the current entry of other countries has led to the pharmaceutical group's penicillin sales revenue has been reduced to about 20 million Australian dollars, and it is still 20 million Australian dollars after the currency depreciation.

But no one can deny that a steady annual income of $20 million is not a small attraction for any country and business.

But whatever the success of the pharmaceutical group, it still can't hide the fact that Australasia's pharmaceutical industry lags behind other powers.

With the exception of pharmaceutical groups, there are few other internationally renowned pharmaceutical companies, except for one pharmaceutical company that relocated to Australasia during the economic crisis.

In addition to building more large hospitals, the Ministry of Medical Affairs should encourage the private pharmaceutical sector to cultivate more excellent pharmaceutical companies.

Only when a large number of pharmaceutical companies are invested in the research and development of drugs can they hope to see the world-leading pharmaceutical products like penicillin born in Australasia.

The amount of money that needs to be invested in drug research and development is massive, which also means that the support for those pharmaceutical companies must be large, because it is also related to the livelihood of Australasia.

For these, Arthur's attitude is that a lot of support can be given, but the drugs developed by pharmaceutical companies must be produced and sold in Australasia first, and the drugs sold must be guaranteed to have sufficient efficacy.

Regarding pharmaceutical companies, Arthur has not heard the saying that good drugs are not good commodities.

Although it is understandable for enterprises to make money, under the premise of strong support from the state, if these pharmaceutical companies do not have a little self-knowledge, then Arthur will decisively give up support and leave them to fend for themselves.

Anyway, the royal family's pharmaceutical group has already decided on the top of the pyramid of Australasian drug research and development, and it can also ensure that Australasian people can enjoy the world's advanced drug system.

Only by steadily grasping the construction of large hospitals and encouraging pharmaceutical production and research and development can Australasia's medical field usher in better development and catch up with the United States.

Yes, although the United States of the past is no longer there, Arthur still aims at the United States at its peak.

In terms of industrial economy and population, if Australasia could reach the size of the United States at that time, it would truly have the strength to aspire to the throne of world hegemony.

But before that, the world hegemon must be sat by the British, and by the way, let the British maintain the stability of the world situation and not give birth to too many accidents.

After settling the education and medical issues, the meeting was basically over.

The initial solution to the education and health problems is gratifying, but it also represents tens of millions of Australian dollars for Australasia.

Although it may not seem like much, it adds up to a lot of burdens on the government's finances.

The Australian dollar has depreciated so far, and the purchasing power per $1 is now around 42% of what it was before the devaluation.

In other words, it used to cost about $4 million to build a state-of-the-art battleship, and now the cost of a state-of-the-art battleship has exceeded $11 million.

The current currency still retains a certain value, but it is true that it is not as valuable as the previous currency.

This is a huge change in terms of data. For many years, Australasian income per capita had remained at around $60 a year.

Since the sharp depreciation of the currency, the per capita annual income has been rising, and it is now close to 152 Australian dollars.

In fact, this is one of the reasons why European countries are pursuing currency depreciation. In any case, it seems that the real income of the people and the fiscal revenue of the state have increased.

Fortunately, the currency before Australasia was quite strong, although it also experienced a period of trough after the devaluation, but the value of the currency did not fall from the sky, and it was still in a stable state.

Especially after deepening the binding with the British pound, the British pound and Australian dollar system is currently the most popular world currency, and it is also the priority of countries in transactions in addition to gold and important materials.

But how to say it? It's not that the GBP and AUD systems are so good.

A closer look at the current world powers shows that in addition to the pound and Australian dollar system, other similar franc systems, ruble systems and dollar systems have a large number of flaws, not to mention that after the division of the United States, the international influence of the dollar has been close to zero.

No one can say for sure how long the value of the dollar will last, which has led to some large transactions where the dollar is almost like waste paper, and no one chooses to accept large amounts of dollars.

Americans are also trying to convert dollars into supplies or other currencies, with the most popular still being the British pound and the Australian dollar.

With the exception of the British pound and the Australian dollar, the depreciation of other currencies is uncontrollable. The world monetary system is already in disarray, and the value of the franc can fluctuate considerably within a few days.

Of course, the worst is certainly not the French.

The concept of currency devaluation has been around for many years, and basically all countries have abandoned the gold standard.

Of all the countries, the Germans have depreciated the most. The outbreak of the economic crisis caused the Germans to endure quite serious chaos, and also turned the German mark directly into waste paper.

Yes, it's waste paper.

In fact, the value of Mark at the beginning can also be stabilized. Although the depreciation of the mark is relatively large, it is not as exaggerated as imagined.

Arthur had thought that Germany would not be as chaotic as it was in history, but unexpectedly, the chaos was only delayed.

From the second half of 1929 onwards, the German mark experienced a strange devaluation.

How weird is it? This is a depreciation that Arthur has never seen before, and it is exaggerated to the point that it has been noticed by economists in various countries.

It was also from this time that Mark gradually became an unacceptable waste paper.

As mentioned earlier, the exchange rate between the mark and the pound is about 1355 to 1.

Such an exchange rate may seem exaggerated, but it is a relatively high exchange rate for the time being.

As of the latest news from Germany, the value of 1 Reichsmark has reached its lowest value.

There is no exchange rate between the pound and the mark anymore, because no one wants to exchange the pound in their hands for the mark.

If you look at the actual prices in Germany, you can understand that 500,000 loaves of bread is really not an exaggeration.

On the streets of Berlin, a pound of ordinary-looking white bread has been sold for about 3,500 marks.

And the price of brown bread, which looks like an itchy throat, is also as high as 1,700 marks per pound.

Such data may not seem exaggerated. But know that two years ago, bread was only a few tenths of what it is now.

And what is the current per capita annual income of the German population?

Only the working Germans earn 100,000 marks a year.

The income of 100,000 marks seems high, but spending the vast majority of his income on bread and other food is only just enough to keep himself alive.

But in addition to these working people, there are still a large number of unemployed people in Germany, which is one of the important reasons why the mark continues to depreciate and the bread continues to appreciate.

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(End of chapter)