ps: The second update is here! The big chapter of 6ooo characters. Since I changed my keyboard, I can't stop typing. It's still the Shuangfeiyan's keyboard that is easy to use!&1t;/p>

Compared with Zhang Shitou's considerable income, the land assigned by Li Liubi from the same imperial village is a little different. Only twenty acres of irrigated land yielded 2 stones, and the remaining ten acres are all dry land. This year, only 8 stones of wheat were collected from these ten acres of dry land. However, Li Liubi still has ten acres of sand, and all sweet potatoes are planted on these ten acres of sand, and there is no need to pay rent.&1t;/p>

Li Liubi's family had six people, two parents, and two and a half-year-old sons. He collected 48 stones of wheat and paid a rent of 14.4 stones, leaving 33.6 stones of wheat, leaving 8 stones of wheat to eat at home, and selling the remaining 25.6 stones of wheat to the grain store, and getting nearly 18 silver dollars.&1t;/p>

Compared with the 25 yuan earned by Zhang Shitou's family, it is 7 yuan and 35 yuan less. However, only Li Liubi's family has five acres of sand, which is very suitable for the growth of sweet potatoes. The yield of sweet potatoes is a bit crazy. Even if it is not watered, it still has a yield of more than twenty stones. The income is not much worse than that of Zhang Shitou's family. Moreover, Li Liubi's family has more people, and two and a half young children can already work, which makes Li Liubi much more relaxed.&1t;/p>

As the saying goes, there are many people who are good at doing things, and fewer people are good at spending the New Year. But Li Liubi is obviously good at spending the New Year this year, because the summer harvest has already been recorded for 18 yuan, and he paid back 10 yuan to the bank, and he still has 8 yuan left. The 8 yuan is enough for the New Year, and he can also buy a new piece of clothing for the whole family. In addition, after the summer harvest, there will be income from sweet potatoes. At the same time, all the land that has collected wheat can be planted with corn, and the income of these corn is not required to pay rent. The family also raises more than 20 chickens, and can lay eggs every day. If these eggs cannot be finished, they can still sell some chickens at the end of the year. By this calculation, you can still make at least 10 silver dollars by the end of the year.&1t;/p>

This is the more exciting life. At the end of the year, the family can save some money for two and a half-old boys to marry. And now they live in a big tiled house. Don’t worry about food and clothing.&1t;/p>

As for the bank's loans, agricultural tools, seeds, and oxen, it is almost fifteen yuan. This year, it has paid off 10 yuan, and there is still 5 yuan left. There is also a loan for the large tiled house that is 50 yuan. If you pay 10 yuan a year, you can pay off the loan in five years.&1t;/p>

The bank actually only needs to pay back 5 yuan a year, and it will be paid off for about ten years. Moreover, these loans are still interest-free, so there is no need to worry about profits. However, people these days are still relatively affordable. Li Liubi directly paid back 10 yuan this year. Zhang Shitou, who is in the same imperial village, paid off 20 yuan this year, and the loan can be paid off in just over three years.&1t;/p>

In contrast, the cost of Royal Agriculture was directly recovered by nearly half in the second year of the revelation. Due to the improvement of water conservancy and the improvement of agricultural production technology, the tenant rent collected by Royal Agriculture has increased significantly.&1t;/p>

Among the 30 million mu of Huangzhuang land, the land for planting wheat accounts for 80%, reaching 240,000 mu. The average tenant rent of O.52 stones per mu was levied, and a total of 12.48 million stones of wheat was levied. Selling it at a price of O.7 yuan, which is 7.25 million taels. The reclaim cost of Huangzhuang land is built according to the specification of O.5 taels per mu.&1t;/p>

In addition, with interest and subsequent interest-free loans, it only takes 3 years to recover the cost. Three years later, the Royal Agricultural Company's tenancy rent in Beizhili will be net income, but the land property rights of these royal villages in Beizhili will definitely be handed over to those farmers in a few years. After all, if the Ming Dynasty can expand outward, the 30 acres of land per household will appear less and less. It is obviously not appropriate to collect tenancy rent at this time. It is obviously not reliable to let these farmers change their jobs. If they live there, the transfer of jobs will cause turmoil to many families. Turbulence means losses.&1t;/p>

In contrast, the royal family can hold land for a long time in Jinzhou.&1t;/p>

At present, 30% of the tenant rent is actually equivalent to agricultural tax. In the future, the self-cultivated farmers who cannot be called farms will obviously be exempted from agricultural tax. In the future, only those farm-level agricultural producers will have to pay agricultural tax.&1t;/p>

Currently, Zhu Youxiao is investing in land in Beizhili. The landlords are investing in Royal Agricultural Company. On the surface, it seems to be crazy accumulating land, but in fact it is carrying out 'redistribution of means of production'. Although the property rights belong to Royal Agricultural Company, the actual use rights are in the hands of farmers.&1t;/p>

In order to ensure agricultural production and the stability of the agricultural population, it is imperative to merge the land of the landlord of the Northern Zhili landlord in Zhu Youxiao.&1t;/p>

However, since the plan to invest in the Royal Agricultural Company of Land, few landlords have responded to the plan, but those self-cultivated farmers seem to be very active.&1t;/p>

Although the tenant rent in the Royal Village is 30% and the corvee work is also a lot. However, corvee work is more about building things that farmers can use, such as various water conservancy facilities, roads, etc. The water conservancy facilities in the Royal Village require that they ensure income from drought and flood, and farmers have relevant policies for disasters and illnesses. The Baojia system also ensures the safety of farmers, so that most self-cultivated farmers in Northern Zhili actively invest in the Royal Agricultural Company.&1t;/p>

The most important thing is that after the shareholding, the rent can be distributed to them every year. Although it is definitely not as high as 30%, after they invest in the land, they only need to pay up to about 10% of the tenant rent every year. This is better than dedicating it to those juren and jinshi masters.&1t;/p>

As for the landlords in Northern Zhili, only more than 300 people invested in the shares, and only 230,000 mu of land was invested. For these landlords who responded to the shareholding policy, Royal Agriculture Company also gave some more shares.&1t;/p>

If he is so disrespectful, Zhu Youxiao decided to give these landlords a big move.&1t;/p>

First, the Royal Stock Exchange was established in Beijing, and all the land of Royal Agricultural Company in Northern Zhili was split out to establish the Northern Zhili Agricultural Company. The Royal Agricultural Company retains the land, grasslands, and farms in Jinzhou.&1t;/p>

After the split, the shares of "Bei Zhili Agricultural Company" were officially listed on the Royal Stock Exchange, and there are more than a dozen private enterprises, which are also listed and traded on the Royal Stock Exchange.&1t;/p>

At the end of May, the cabinet issued the "Northern Zhili Tenant Rental Management Law", which stipulates that when all agricultural land owned by non-listed trading companies in Beizhili rent to tenants for farming, the annual tenant rent shall not be higher than 15%. All signed lease contracts shall be implemented in accordance with the bill. Any tenant rent that exceeds 15% will be regarded as illegal and will be fined more than 500 yuan and less than 200 yuan.&1t;/p>

The level of rent in tenant is closely related to the amount and the amount of the population. The smaller the population, the lower the rent in tenant, and it may even be a symbolic collection. The more people the higher the rent in the south, some of the rent in tenant even reached a crazy 7o%.&1t;/p>

Because the more land, the more tenant farmers. The rent is higher. If you don’t plant, there will always be people who will plant it.&1t;/p>

At this time, the population of the Ming Dynasty was already relatively explosive, so the tenant rent remained high. The tenant rent in Beizhili was usually 40%. However, as soon as the "Northern Zhili Tenant Rent Management Law" was issued, it was forced to be 15% by the official, which was simply a cut of the landlord!&1t;/p>

This is equivalent to forcibly depriving the income of the landlords of Northern Zhili.&1t;/p>

As soon as this policy was introduced, the cabinet was immediately criticized by a large number of officials representing the landlord class, and the memorials flew to the cabinet like snowflakes.&1t;/p>

At the same time, the landlords of Northern Zhili also carried out various protests.&1t;/p>

But obviously the protest is ineffective, and no one is willing to make trouble with these landlords. Today, Beizhili has been prosperous due to the economic growth and the continuous growth of employment, and ordinary people regard Zhu Youxiao as a sage lord, who is willing to make trouble with these landlords? And the happiest thing is the tenant farmers, which is originally beneficial to them.&1t;/p>

So much so that those landlords had no way to resist this decree except shouting slogans and banners to protest. Zhu Youxiao's move was too dirty. He did not directly impose taxes on the landlords, so that the landlords would transfer the pressure to the tenant farmers, which led to the tenant farmers causing trouble, but suppressed the benefits obtained by the landlords from the tenant farmers. The two groups, the landlords and the tenant farmers, were divided into interests.&1t;/p>

These landlords have lost their public base, and it is impossible to resist the mandatory 15% land rent by inciting civil war. So much so that it is useless after a long time of trouble.&1t;/p>

Even if he could rebel in Northern Zhili, it would be even more useless. At this time, Zhu Youxiao had already organized nine new infantry divisions in Northern Zhili.&1t;/p>

So many elite troops gathered in Northern Zhili. This is also an important reason why Zhu Youxiao dared to directly attack the interests of the landlord class.&1t;/p>

Moreover, after the promulgation of this decree, not all landlords were willing to make trouble. Because they found that although the land rent was reduced to 15%, at least there was still some. At least the land belonged to them, less or less, and they could be accepted. If they could not accept it, they could take the land to the Royal Agricultural Company to invest, and after the shareholding, they could still get about 30% of the tenant rental income. Although it may be reduced due to various construction expenses, at least 20% of the tenant rental income. The most important thing is that if these lands are exchanged for shares, it is relatively easy to cash out.&1t;/p>

Because the Royal Stock Exchange was established, the function of this stock exchange is to allow these landlords who invest in land to transfer their shares more conveniently when they are short of money.&1t;/p>

Many landlords were unwilling to invest in Royal Agricultural Company before. Their concerns were nothing more than that after they needed money after the investment, these land assets would be inconvenient to be cashed out. But now after investing in the Beizhili Agricultural Company, it will obviously become better to cash out.&1t;/p>

Moreover, the share price of Beizhili Agricultural Company has risen from 3.5 yuan to 5.8 yuan since the opening of the Royal Stock Exchange, and has stabilized at this price.&1t;/p>

One share of Beizhili Agricultural Company means one acre of good land. Dry land and sand land are not very good land, and the land is evaluated and converted when investing. Some land is converted to 5 mu of 3 mu, some 2 mu of 1 mu, and some 3 mu of 1 mu. In addition to examining the land quality, the conversion standards also include water conservancy facilities and traffic conditions.&1t;/p>

Because of the listing of Beizhili Agricultural Company and the emergence of the standard representing land per share, the land in the Ming Dynasty began to be traded using this conversion standard.&1t;/p>

The share price of Beizhili Agriculture Company was first guaranteed by Royal Bank. Anyone who wants to sell the shares of Beizhili Agriculture Company to lower the share price will be ruthlessly blocked by Royal Bank with huge capital. Therefore, under the protection of Royal Bank, the share price of Beizhili Agriculture Company will not fall below 5 yuan per share at present.&1t;/p>

The reason why the share price of Beizhili Agricultural Company can rise to 5.8 yuan and remain stable is mainly because the dividends of Beizhili Agricultural Company have reached O.35 yuan per share. After the price per share rises to 5.8 yuan, the annual return on investment still reaches 6%.&1t;/p>

Meanwhile, Royal Bank announced a rate cut.&1t;/p>

The interest on ordinary deposits of Royal Bank has been reduced to 1%. For fixed deposits above 20 yuan, the 1-year deposit period has decreased to 2%, 2-year decrease to 3%, and 3-year decrease to 4%. In 5 years, the 5-year decrease to 5%.&1t;/p>

This policy is equivalent to this policy, and does not affect the Royal Bank's time deposits that are absorbed by ordinary people. Ordinary business with an original 5-year deposit rate of 10% per year will need to be reviewed. Each household only handles one old interest rate deposit account. However, a time deposit certificate of more than 20 yuan does not need to be reviewed.&1t;/p>

Long before, this policy has already begun to be implemented. For large-scale fixed deposit business, banks release fewer and fewer fixed quotas. Every time a fixed quota is released, a group of powerful and wealthy businessmen will snatch it up and fight for 5-year deposit business.&1t;/p>

After this interest rate cut reform, each household only enjoys a 5-year fixed deposit quota of 20 yuan. This is only a drizzle for those powerful and wealthy businessmen. Perhaps they spend more than 20 yuan a day, let alone the 5-year deposit interest of 20 yuan.&1t;/p>

The most important thing is that the interest rate of ordinary deposit business has dropped to 1%. That is, depositing 10,000 yuan into the bank, only 10,000 yuan of interest can be generated per year.&1t;/p>

After the interest rate cut, the bank's deposits suddenly dropped a lot. However, Royal Bank was really not short of money at this time, and the large amount of people's deposits combined were very terrifying. With these ordinary people's deposits as monetary foundations, they can still maintain their operations well.&1t;/p>

Moreover, the working capital of many companies, even if the bank only has 1% interest, this amount of money is also money! Moreover, transactions between companies are often carried out through bank transfers. Because of its convenience, many economic activities have begun to rely on banks.&1t;/p>

The money reduced in the bank soon poured into the stock market. At this time, the Royal Stock Exchange had nine companies listed in total, with a total of nine dividends at around 10%. The price was soon too high by these capital pouring into the stock market. It rose to around 6%.&1t;/p>

Profit dividends are relatively easy to control. The nine listed companies are all under Royal Capital. The profit can be regulated at any time. The best way to regulate is the tax revenue of the court. If the profit is high, the tax revenue will be set high and the profit will be lowered. After some correction, the profit was compressed. Although the money was in the hands of the court, for Zhu Youxiao, it was just a left hand to exchange for right hand, and the money was still in his hands.&1t;/p>

Part of the profit should be used to expand the business, and then dividends are distributed. The amount of dividends is actually easy to regulate. However, there is a time difference in regulation, so within this time difference, dividends may be lower, or it may suddenly increase because the company suddenly makes a large amount of money. This is the profit space that speculators can pursue and the risk space that may be borne.&1t;/p>

Therefore, the pricing of stock prices is determined based on dividends, and the dividend is set at 10% of the investment amount. The bank suddenly cut interest rates. Those speculators saw that the silver dollar was not cost-effective in the bank and found the benefits in the stock market. So Xun poured into the stock market and divided the first batch of stocks just now. But in fact, it did not divide up much. There were not many stocks listed in the first batch, and Xun was bought by Royal Bank itself.&1t;/p>

The price was then raised to a 6% return level, and then the stock was gradually released. Although it dropped to 6%, the stock was still divided by hot money.&1t;/p>

As prices fluctuate, the nine listed subsidiaries controlled by Royal Bank begin to increase. When the return on investment of stock dividends is less than 1%, they will sell some of the stocks to avoid speculative bubbles. Speculative bubbles are actually a good way to make money, but if the stock market starts to make money, it will scare people away.&1t;/p>

Moreover, bubbles can not only make money, but also create various construction activities in a crazy way. If it is just for making money, people realize that stocks are legality recognized by the state, and that dealers can make thousands of dollars at will, then investors are not fools, and their minds will be quickly activated.&1t;/p>

Therefore, the securities trading market will not engage in speculative bubbles for the time being. If a private businessman wants to manipulate the stock market and crazyly raise the price and then attract others to enter the market as a buyer, Royal Capital will directly increase the stock circulation and directly suppress the price. Stocks sold at high prices are obviously profitable.&1t;/p>

So Royal Securities Trading Company soon became a relatively mild investment market.&1t;/p>

When those landlords saw that the listing dividends of Beizhili Agricultural Company reached O.5 yuan per mu, which was calculated at the price of 1 yuan per mu. The dividend was significantly higher than the 15% of the "Beizhili Tenant Rental Management Law". It was exactly 30%, even higher than their 40% tenant rent. Because these landlords handed over their land to tenant farmers for production, they did not have much management for tenant farmers. There was no technical guidance, and the water conservancy facilities were uneven, so that the grain output per mu of land was much lower than that of the imperial village.&1t;/p>

After the royal capital monopolized the sales of commercial grain, these landlords sold grain at the price of O.7 per stone. Above this price, they cannot be sold in large quantities. If you want to sell it to other provinces, sorry, pay a tariff first. The food export tariff in Beizhili is absolutely scary.&1t;/p>

I don’t sell it, can I make wine by myself?&1t;/p>

Sorry, brewing also has to pay high tax rates. Because of its huge profits, the brewing industry has been targeted by Royal Capital. Through taxes from the Tax Bureau and tariffs, the entry of wine from other provinces has been blocked. The brewing industry has been occupied by Royal Capital. If those landlords make wine and sell their own wine, the result will be even more loss.&1t;/p>

Then I stock up on goods, wait for natural disasters, and raise the price of grain.&1t;/p>

Sorry for this idea, they can't help but want to raise the price of grain. Royal Capital can't at least mobilize grain from the south, and the royal village produces a lot of grain, and can also store a large amount of grain! The result of raising the price of grain is that the grain can't be raised in the warehouse. After it becomes old grain, the price will be affected.&1t;/p>

So much so that under various measures, the grain of these landlords in Beizhili could not be sold at least 0.7 yuan. When converted to this price, the dividends of Beizhili Agricultural Company were even higher than their 40% tenant rent.&1t;/p>

The most important thing is that after investing in Royal Agricultural Company, the land can be quickly realized! Nowadays, a large number of investment projects have appeared in Beizhili, and the investment returns are very good, at least much higher than land. Although land is a fundamental thing, it doesn’t matter whether there is land or not in Beizhili.&1t;/p>

Because there is obviously no big problem in terms of grain production and grain supply in Northern Zhili. Grain prices will not fluctuate. Therefore, the means of production of land is no longer so valuable. Now that others have money, they only invest in industry. Who will buy their land? So even if the landlords in Northern Zhili want to sell land, unless they have a better location and have other functions, the land price will not be higher than the price in the stock market.&1t;/p>

So some landlords found out that if they invested the land in Beizhili Agricultural Company, then converted the money and used it to invest in the industry, it would be significantly more profitable, and the capital accumulation level would be much faster than sticking to the land. And those landlords who do not know how to do business also felt that after investing in Beizhili Agricultural Company, the dividends they received were higher than the current 40% rent. It was obviously very cost-effective to invest in Beizhili Agricultural Company.&1t;/p>

"Beizhili Tenant Rental Management Law", securities trading market, banks cut interest rates, and land dividends. After these chain policies were implemented, a large number of landlords began to invest in the land they were in the hands of Beizhili Agricultural Company.&1t;/p>

These lands were invested in Beizhili Agricultural Company. Although the landlords obtained the equity, the land management rights fell into the hands of Zhu Youxiao.&1t;/p>

Then, there are ways to "strike out" these landlords, of course there is no need to do this for a while. More importantly, after these landlords invested in Royal Agricultural Company and the establishment of the Royal Stock Exchange, Beizhili embarked on the road of capital industrialization.&1t;/p>

The result of capital industrialization is to give birth to a large number of industries.&1t;/p>

Because of the establishment of tariff barriers in Beizhili, a large number of opportunities emerged in Beizhili's commodity market. When these private investors faced such opportunities, driven by interests, they naturally invested a large amount of funds into the industry. The listing of companies under Royal Capital is equivalent to getting a share of the pie and absorbing private capital for development.&1t;/p>

Those who know how to do business, do their own business. Those who don’t know how to do business, invest in stocks. Everyone takes out the money to do business, and there will be more money in the market. There are business everywhere, so employment will go up and the commodity market will flourish.&1t;/p>

Therefore, the focus of this system is to attract people to take out the money to do business, rather than put it in the house. After Zhu Youxiao traveled through time, he had completed two capital changes. The first change is to attract the money that was originally placed in the house to the bank for savings. The second change is to drive these money out of the bank to do business.&1t;/p>

Just one month later, the data reported by Yang Guorui made Zhu Youxiao overjoyed.&1t;/p>

"As of now, nearly 40,000 mu of land have been invested and converted. In addition, 16 private agricultural companies have emerged in Beizhili." Yang Guorui reported, "The combined land of these 16 private agricultural companies have also reached about 10,000 mu." (To be continued.)&1t;/p>
Chapter completed!