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Chapter 501 Simple five-year plan
"The Warren Chamber of Commerce gives a valuation of 2660 million gold coins!"

"The Catesya Chamber of Commerce gave a valuation of 2606 million gold coins!"

"The Augustus Chamber of Commerce gives a valuation of 2557 million gold coins!"

"The Derunard Chamber of Commerce gives a valuation of 2534 million gold coins!"

……

An interesting scene appeared, the representative with the most criticisms happened to be the one who gave the highest valuation.

Just from the valuation quotation, it can be seen that everyone has done their homework.

Including several chambers of commerce in the kingdom, although they are not rich in their pockets, the valuations they give are not low.

Obviously everyone is sensible, and no one jumped out foolishly and asked Hudson to give them special treatment.

Including the chamber of commerce under the royal family, they all offer honestly, and everything is done according to the rules.

Hudson is very satisfied with this result.Cooperating with smart people will save you a lot of trouble in the future.

"Congratulations everyone, the base price we gave is 1800 million gold coins, and everyone's valuation is higher than that, so everyone will enter the second round of negotiations together.

As for the valuation of the Near East Development Bank, it is considered to be a friend, and the average value of your quotations is directly rounded up, and the price is 2360 million gold coins.

Regarding the investment share, we don't just look at the money, but at the resources that everyone can provide.

In fact, I don't lack 600 million gold coins.If you try to raise a fund, you can still get it together.

Inviting everyone to participate in the financing meeting is mainly due to the resources in your hands, which can speed up the development of the bank.

For example: everyone provides convenience for the bank to carry out business, deposits idle funds in the bank, designates business in the kingdom, uses the gold bill settlement of the Near East Development Bank, etc., as long as it helps the development of the bank.

Of course, these resources are not provided free of charge, and the bank will give you generous returns.

There are two sets of plans, either everyone directly pays for financing, or uses resources to finance at a discount. "

Hudson said with a smile.

This result is somewhat unexpected, but also expected.As an emerging industry, the Near East Development Bank deserves a valuation premium.

When the monopoly advantages no longer exist, the tax-free treatment is gone, and everyone understands that banks are essentially high-debt operating companies, the valuation will naturally drop.

Of course, that's for the future.

The advantages of the current Near East Development Bank are not limited to these, and the low cost of capital is also an important factor for the high premium.

There is no need to pay interest on deposits, transfers and withdrawals can charge a lot of handling fees, and the cost of obtaining funds is directly amortized into a negative number.

In the eyes of everyone, as long as the liquidity crisis is resolved, the future of the Near East Development Bank will be bright.

The main reason for not taking advantage of the fire is that everyone believes that even if there is insufficient liquidity, the Near East Development Bank will not go bankrupt.

Before attending the meeting, everyone checked Hudson's family property thoroughly.The unanimous conclusion is that Hudson is short on cash but has huge assets.

Assets cannot be realized immediately, but the endorsement of these assets can reassure depositors.

As long as there is no massive run, the NEDB is safe.Insufficient liquidity is nothing more than a slower development speed.

To supplement the liquidity of the bank, in addition to increasing the capital, directly depositing money in the bank can also solve the problem.

Compared with giving money before, Hudson prefers to invest in resources.In essence, banking business is a business that consumes human resources.

Just to ask for money, there is no need to invite several chambers of commerce from the kingdom.Under the background of money shortage, they have to give priority to supporting the behind-the-scenes owners, and they can't spend much money at all.

"Your Excellency, if you use resources to buy shares, this share is not enough for us.

All of you here, if you fully support the development of the Near East Development Bank, you cannot buy it with just 600 million gold coins.

In my opinion, it is better to calculate financing and resource shares separately. The amount of financing can be limited to 600 million, but there is no limit for resource replacement shares.

The Alpha Kingdom is in a crisis of money shortage. This is an opportunity for the expansion of the Near East Development Bank, and it is also a challenge that needs to be faced.

Instead of continuing to toss about it in the future, it is better to solve all the problems of the bank's development directly in one step now. "

Earl Jonas' proposal startled Hudson.If it wasn't for his unpreparedness, he would have thought it was a "trust" arranged by himself.

It is giving money and resources at the same time, which is clearly to support the rhythm of the Near East Development Bank.

If we really get the full support of all parties, we can't guarantee anything else. It is still possible to lay out outlets in the kingdom's major provinces within a year.

For at most three years, the Near East Development Bank can be seen in major cities in the North Continent.

Even the run crisis no longer exists.As long as there are no emergencies, the Near East Development Bank, which is endorsed by so many powerful forces, has no possibility of being run on.

However, stuffed pies are usually poisonous, and after taking so many benefits, they must pay a price for it.

For example: the right to speak in the bank.

Only 600 million gold coins, accounting for just over one-fifth of the shares.Such a small amount of shares is divided among more than a dozen shareholders, even if they make a request, it doesn't matter much.

Only by increasing the share of equity can a higher right to speak be obtained.

"If others do not object, it is also possible to expand the financing share.

However, it is stated first that on the premise of not violating the bank's rules and regulations, shareholders have no right to interfere with the normal operation of the bank.

If something happens and you want to sell the shares, the major shareholders also have the priority to repurchase them.

Regarding the issue of resource valuation, you can discuss it with President Rudolph in private. We only finalize the general direction of investment today. "

Hudson said without changing his expression.

It's normal to have calculations, but if you don't think carefully, it's not in line with human nature.

There is no problem in wanting the right to speak, as long as the price is sufficient, everything is negotiable.

If he is really rich and powerful, even if it is the acquisition of the Near East Development Bank, he can sell it.

There is no need to pay 2360 million, even if it is directly discounted in half, Master Hudson will sell it.

The threshold of the bank mainly lies in funds. As long as he has money in hand, he can rebuild a Near East Development Bank at any time.

Obviously, this is impossible.The Near East Development Bank is valuable, and it is only valuable when it is deeply bound to Hudson.

Without him as a military leader, the value must be broken.You must know that the bank's net assets are not even 200 million.

The bigger the business, the easier it is to negotiate.

Haggling every penny is a matter for the people below, and the big shots don't have time to come down and bargain in person.

The 600 million financing shares were quickly divided up, and 500 million of them were robbed by the people from the Southern Continent Chamber of Commerce.

Such enthusiastic buying is only because Hudson promised that the proportion of bank dividends will increase by ten percentage points every year, and the maximum limit is 70.00% of net profit.

Sitting on the vast market of the Northland Terran, the future "money scene" of the Near East Development Bank can be seen at a glance.

If the development goes well, this investment is likely to recover its cost within a few years through dividends, and then it will be a lie.

On the contrary, the negotiation of resource replacement shares has reached an impasse.Unlike real money, it is difficult to have an exact valuation of resource investment.

This kind of trouble did not last long, and the expansion speed of the Near East Development Bank increased again with the investment of a large amount of funds.

In just one month, five more branches opened.The financial statement is a beauty that makes all investors impeccable.

The result of the expansion is that the bank's valuation continues to rise, making all parties in the entanglement cry out for being cheated, and they don't care about continuing to entangle.

The final result: In just three months, the valuation of Near East Development was inflated to 500 million.

As a price, Hudson's equity also dropped from 40.00% all the way to [-]%.

The controlling stake is still there, but investors can also formulate rules and regulations through the general meeting of shareholders to restrain the behavior of major shareholders.

This is an inevitable result. If such a huge investment does not even have the power to restrain the behavior of major shareholders, no one would dare to place a bet lightly.

Everyone has made money on the books, but in fact the bank's net assets are less than 1000 million.

However, everyone is very confident, just because each of the loans released is generating profits, and there has been no default case.

In fact, except for high-risk businesses in the Near East, everyone is more willing to see defaults for businesses in other regions.

They are all loans with collateral. Once there is a default on the debt, these assets will be sold off, and it happens to be a group of shareholders who take over the offer.

There is too much room for manipulation here.

The collateral is all discounted, and the bank only needs to recover the cost, and the rest is the profit of the receiver.

The net worth is modest, but the bank coffers are getting richer.After all the idle cash in the kingdom was deposited in the bank, the deposit amount began to expand rapidly.

The most important thing is the emergence of a group of shareholders, which has made a big endorsement for the bank's reputation, and the recognition of the Near East Development Bank has skyrocketed.

The frequency of golden tickets appearing in the kingdom's trade is also increasing. Except for a few conservative nobles, most people have accepted the use of golden tickets for large-scale trade.

Especially in areas where the money shortage is severe, gold tickets are used more frequently for transactions, and there is a tendency to become a currency.

After getting the golden ticket at the beginning, everyone ran to the bank to exchange it as soon as it expired.

After tossing and tossing several times, everyone found it inconvenient, and they were charged a high handling fee of three points, which was not worthwhile at all.

Especially the high-turnover merchants couldn't bear the high handling fees, and passively became the first group to accept the golden ticket.

……

The outbreak of the financial industry has directly alleviated the kingdom's money shortage crisis, and it has also greatly increased the speed of economic recovery in various places.

In particular, the northern Xinjiang, which is waiting to be built, and the near east, which is a blank sheet of paper, are the main force in this round of economic recovery, and there are large construction sites everywhere.

During the period of rapid economic development, countless social contradictions were covered up, and the situation in the kingdom was very good.

Hudson had just sent away the king's special envoy, and Hudson never dreamed that one day the royal family would become loan customers of the bank.

However, thinking of their own investment in the Xueyue Territory, the royal family who gained more in the war will only need to invest more construction funds, and it is normal to be short of money.

As the most powerful household in the kingdom, it is naturally very easy for the royal family to get a loan.Sending someone over to say hello to Hudson is naturally to get the best loan interest.

There is no doubt that the royal family's loan must be approved first.In addition to the indispensable collateral stipulated by the bank, the loan interest rate directly hit the bone.

Ordinary commercial loans have an interest rate of more than ten or twenty points, and some short-term capital turnover, the daily interest rate can reach one point.The annualized interest rate of the royal family's loan was directly reduced to six points.

This is the lower limit of the prescribed interest rate set by the general meeting of shareholders. Representatives of the Royal Chamber of Commerce voted in person. Naturally, it cannot be said that Hudson does not take care of it.

The royal family has all become loan customers, and more noble lords have applied for loans.Even if some big families do not lack funds themselves, their branches in northern Xinjiang and the Near East still need loans.

In the absence of valuable collateral, it is also common to find the family to guarantee the loan.

Seemingly overnight, the Near East Development Bank became the kingdom's major creditor.This kind of bubble-like performance growth scared Hudson and hurriedly stepped on the brakes.

Becoming everyone's creditor seems to have a bright "money future", but the ending is usually not very good.

In case of turmoil in the kingdom's economy, the Near East Development Bank will die immediately.As a result of forced debt collection, there is a high probability that the bank will disappear.

In the previous life, there was a case of a car overturning.

It's just that compared with the gang of loan sharks, the Near East Development Bank's approach is much gentler, and the interest rate is much lower than that of private loans.

It just happened to catch up with the Kingdom's economic recovery period, and all walks of life are booming. There are almost no customers defaulting on their debts, and naturally there will be no forced collection. The overall reputation in the society is not bad.

The economic situation is excellent, and Xueyue Ling's comprehensive development plan has also been put on the agenda.

"My lord, this is the territory development plan drafted by the Ministry of Government Affairs. It includes agriculture, animal husbandry, fishery, industry and commerce and many other fields.

Strive to achieve self-sufficiency in vegetables within five years, continue to develop animal husbandry and fishery, and promote the development of light industry..."

After taking the document from Jacob, Hudson looked at it on his own.

The five-year plan was released under his order, but he only gave the direction of development, and the specific plans were all completed by the Ministry of Government Affairs on its own.

It doesn't matter whether it is advanced or not, the key is to be "suitable".The special environment in the Near East determines that it is impossible for the Snowy Moon Territory to develop its economy in accordance with normal steps.

The conventional "agriculture-oriented" economic model is completely inapplicable here.

In line with the principle of not allowing the orcs to take advantage, in addition to the vegetable fields that must be reclaimed, the agricultural development plan given by the Ministry of Government Affairs mainly focuses on planting cash crops.

They all need secondary processing. Some plants are poisonous before they are mature.

Even if it was snatched by the orcs, they don't have the ability to reprocess it, so they can only waste time.

In this context, animal husbandry and fishery, which are the main sources of food for the territory, naturally became key industries for development.

Animal husbandry has just started, and it can only provide some dairy products for the army, and beef and mutton are still luxury goods.

On the contrary, the development of fishery has the greatest impact on the territory.Hudson is not a stingy lord. After the increase in fish production, the diet of the lords also changed.

Especially the younger generation, they are no longer full of disheveled faces.When you work, you are stronger than ever.

Not to mention the army, as Master Hudson's treasure, the standard of food has been on par with the kingdom's standing army.

Hudson has a high prestige in the army, half of which was fought on the battlefield, and half was fed with high-standard meals.

With his own strength, he raised the food standard of the Kingdom's army and established his unshakable position in the army.

As a result, the quartermaster behind him couldn't help scolding his mother since he took office.Everything has been clarified with standardization, which is completely cutting off their money.

However, the kingdom also attaches great importance to the development of the army. Even after the war is over, the eyes of the big shots never leave the army, which greatly reduces their room for operation.

"Industry and commerce" is completely a freak in Xueyueling.

To say that the industry and commerce is underdeveloped, the daily trade volume in and out can almost catch up with the capital of the king.The resulting transaction tax is the highest in the kingdom.

To say that industry and commerce are developed, but Xueyueling has nothing.If we insist on going upwards, then heavy industry is ship repairing, and light industry is drying salt and pickling salted fish.

other industries?

Maybe there are a few handicraft workshops that have taken root in a corner of Crescent Harbor, but Hudson didn't notice anyway.

They are all flat prairie, and the mineral resources are relatively scarce. A few poor metal mines with low reserves have almost no mining value.

Heavy industry is inherently deficient, so only light industry can be developed.Even light industry is a processing industry based on agriculture and animal husbandry, and it must develop simultaneously with these industries.

Turning back, it is urban planning and construction, road planning and reconstruction, etc. The entire five-year plan is full of "roughness" between the lines.

After a cursory look, Hudson was very dissatisfied, but couldn't find anything wrong with it.

Times are different, and planning is naturally different.For example: road traffic.

In the era when cattle and horses were the core of the transportation method, as long as two carriages were kept moving towards each other, a width of three to four meters was enough.

Exceeding is also a small problem. There are grass fields on both sides, which will not affect the normal passage of vehicles.

Many areas on the prairie can be used as official roads with repairs and repairs. Naturally, Hudson will not spend a lot of effort to build "Chi Road".

There is no need to think about the more costly cement road, he is not panicking about burning too much money.

In any era, cost is the first factor.It is enough to meet the current demand, and the demand for future capacity will increase, which is a matter of the future.

There are only so many labor forces in the territory. If you take care of one end, you can't take care of the other end. You can only pick the most needed development.

Anyway, Xueyueling has only 10,000+ immigrants + 10,000+ slaves in total. Except for a few surrounding cities, there are no people in the rest of the area, let alone transportation needs.

"Follow the plan first! Follow up with the actual situation and make adjustments in some areas.

The layout of the agricultural field is not enough. Although economic crops are grown, irrigation is also a big problem, and natural irrigation cannot be completely relied on.

There are also many small rivers and streams in the territory, and these ready-made resources can be used.

We can completely build reservoirs and weir ponds according to geographical conditions to meet..."

Halfway through, Hudson found himself doing something stupid.These infrastructures are indeed important, but in the wizarding world, human labor is completely unnecessary.

Relying solely on manpower, a large reservoir requires 10,000+ laborers to work hard for several years.

With the size of Maxim, rolling on the ground, it is not a small weir pond.After a few more rolls, a reservoir came out.

The original artificial canal is an example. With the help of Bear Stearns, the original engineering volume of several decades was completed in just a few years.

Back then, Bear Stearns did not have the strength it has now, otherwise the construction progress would have been even faster.

Now there is a good worker named Maxim. If these two are mobilized, those water conservancy projects that take several years or more than ten years can be completed within a few months.

In the past few months, the gates and canals were mainly built artificially, and the actual construction time may be the moment when the magic is released.

The only problem is that these two uncles are lazier than the other, and it is difficult to fool them into working.

After a moment of hesitation, Hudson's words suddenly changed.

"Water conservancy projects, you are responsible for site selection and planning, and I am responsible for finding solutions for construction issues, and you can send people to follow up on the aftermath."

(End of this chapter)