After all, Huang Zongxi was discussing politics and came here with the will of the court, and Luo Yongcheng and others could not compete.

The liquidation and sale of JAC Mining must have harmed their interests, but they were unable to save the mining industry and the court no longer had blood transfusions, so they could only accept the arrangements of the court.

When Huang Zongxi came, he had already formulated a rectification plan, which was to sell JAC Mining's assets, raise funds to repay debts, and pay wages to urge the mines and smelters to start construction.

Huang Zongxi waved his hand and someone sent the plan information to everyone. Luo Yongcheng and others read it, but they all looked at it with a dark face and didn't say anything. Obviously, they could not accept this reality.

At this time, after reading the representative of the Chizhou government, he said in a deep voice: "Since the government has decided and the court has decided, then our Chizhou government has no objection, but the funds obtained from the mining industry's sale need to be repaid first of all the money owed to us Chizhou government."

The representative of Shanxi coal industry, seeing that the court had made a decision, nodded, "We have no objection, just need to settle our payment!"

They don’t need to appeal, they just get back their debts and don’t care about the future of JAC Mining.

Huang Zongxi nodded, "The proceeds from the sale will be paid back the debt, and the rest will be used for reproduction."

After saying that, he looked at Luo Yongcheng, "Do you have any opinions?"

Luo Yongcheng could only accept the reality and sighed: "I hope the cabinet department can properly place 30,000 workers."

Huang Zongxi nodded, "This is natural. When the mining industry rectifies, they will soon return to the mine and start working again."

Hearing him say this, Luo Yongcheng shook his head, "I have no objection to you."

Huang Zongxi then stood up and announced loudly, "Since that's the case, we will release the news according to our plan, summon private merchants to sell mines and smelters under the name of the mining industry."

~~~~~~~

After the negotiation and determination, the government published an announcement that it would publicly sell the mines and smelting plants under the name of JAC Mining, and a date was determined for auction.

The imperial court is still building railways, and construction in various places also requires a large amount of steel. Mines and smelting plants should be very popular assets.

However, after the government published the newspaper, there were very few people who came to participate in the auction, only Qian Ruyi and others sent people to participate in the auction.

It has been spread among the people that the Jianghuai mining industry has been indiscriminately mining and logging, and the ore veins have been destroyed, and there is no mining value.

Various newspapers also reported on this matter. Many professionals believed that JAC Mining was insolvent and whoever took over would be prepared to lose money.

This made some merchants who were interested in accepting it back. At the same time, the government sets a threshold for participating in the auction so that they can select capable merchants and invest funds to resume production.

In this case, on the day of the liquidation auction, there were less than five merchants coming to the auction venue.

In Chizhou Prefecture, the auction venue, Qian Ruyi and others smiled and bowed each other, and then took their seats.

At this time, the officials in charge of the auction first auctioned three copper mines outside Tongling City.

The officials first published the information about the copper mine, and then looked at the few merchants sitting in the yard and smiled: "You have already read the information about these three mines, so now the auction will start. The base price is 100,000 yuan, and the price will be at least 5,000 yuan each time! This official announced the start of the auction."

The officials went on one stroke, but the people in the venue did not respond.

"Is no one bidding?" The presided over the official frowned slightly at the businessman off the court.

The venue was very quiet. After a long time, when the officials thought there was no one to bid, Qian Ruyi raised his hand, "I'll pay 100,000!"

"Mr. Qian goes out for 100,000!" Seeing someone bidding, the officials cheered up and tried hard to create anger, but no other seller took action.

In the end, the three mines were sold for only 100,000 yuan, and the remaining mines and smelting workshops were almost all sold at the lowest assessed price given by the government.

In Chizhou Prefecture, in the headquarters of the Administrative Office, Huang Zongxi frowned when he saw the auction result. He sold 90% of the assets of JAC Mining, leaving only a smelter and a mine, but the income was only 1.01 million Huayuan. After paying off the debt, only 10,000 left.

This made Huang Zongxi a little annoyed, but fortunately, he didn't have to pay the court, and as long as the production could be resumed, he wouldn't care about anything else.

After the auction, Huang Zongxi immediately wrote to the Council Council, claiming that the liquidation of JAC Mining was very smooth and that production could be resumed without the need for the court to spend a penny.

Huang Zongxi's memorial was sent to the Council Council, which greatly boosted the morale of the Citizens' Party. Gao Huan heard that it could also eliminate debts without the court's spending money. After resuming work and production, he also praised Huang Zongxi.

Huang Zongxi, who was in Chizhou, immediately expressed that he would resuming work and production within two months.

In order to achieve success, Huang Zongxi ordered that all merchants immediately organize the resumption of production.

However, because the mining wages were not paid, almost no one came to work.

When Huang Zongxi got the news, he first came to the only remaining smelting plant in JAC Mining.

At this time, the newly appointed factory director introduced: "Gei Master, now there are only 10,000 yuan in the factory account. The workers are worried that they will not be willing to go to work if they can't get the wages. There are only more than ten people left in the factory!"

Huang Zongxi was calm and the money obtained from the liquidation was first taken away by various bank accounts, and then the local governments and large suppliers had no money when they arrived at the workers.

In recent times, workers have gathered in Tongling County every day in front of the Chizhou Prefecture Office, and even ran to his headquarters, with an extremely bad influence.

If these unruly people continue to make trouble, it will be a blow to Huang Zongxi, and the court will know that his handling is not perfect.

Now, in order not to let them continue to cause trouble, the best solution is to let them restart construction.

Huang Zongxi said in a deep voice: "Send the order to let those workers come back to work. If they come back, they will pay the wages for one month the next month. If someone doesn't come back within three days, it will be considered as voluntarily giving up the wage arrears!"

The factory manager was surprised and said, "Gei Master, now there is only 10,000 yuan in the account and the wages cannot be paid. Where can I get the money to pay the wages for reimbursement?"

Huang Zongxi said in a deep voice: "One of the reasons for the losses of JAC Mining is that the workers' treatment is too good. Now the mining industry is in a difficult period. The province needs to save money, and both wages and benefits must be reduced, so that workers and mining can overcome difficulties together!"

Now there is only so much money, and the treatment of workers can only be reduced. Huang Zongxi is very clear that if the people have the right food, they will not cause trouble.

If these workers cannot get rich or starve to death, then let those who take the lead in causing trouble lose their jobs and kill a warning to them, things should be able to be suppressed.

After inspecting the mining industry, Huang Zongxi came to the smelting workshops and mines acquired by various merchants.

According to the agreement, after these merchants acquire mines and smelting workshops, they must be responsible for the workers' wage arrears and resume production as soon as possible.

After the merchants took over, in order to reduce costs, they reduced the treatment of workers in various aspects, and at the same time set more production tasks, which made the workers suffer.

These workers found the government to file a lawsuit, but Huang Zongxi detained the bankruptcy of JAC Mining because the workers were treated too well and ordered them to continue production...
Chapter completed!