War always starts with the financial market. ======If it is a big war, it is impossible not to borrow foreign debt. This is not a question of whether one’s own money is enough, but a question of whether it can attract foreign support. If the United Kingdom had not asked the United States to borrow from the beginning, the United States would not be so easily pulled into the United Kingdom and France in the future.

The British-Japanese alliance gave Japan a great advantage in borrowing. He could enter and exit the two major financial markets in Europe, but China could not even touch the borders. The four-country bank group also saw this precisely because there was no compensation from the Sichuan-Hankou Railway, and Mobil loans had already been established. In the process of gradually advancing the unified currency case, pigeons were released. Although they were willing to borrow, the conditions offered... Not to mention interest and discounts, they just had to supervise the requirements of the IRS and the Ministry of Revenue, which made Yang Rui not want to talk to them for the second time.

Previously, the Russian consortium borrowed 100 million rubles to build the Mongolian railway, which was already very exciting to HSBC and British Minister Jurden. When asked about the Russian consortium, it ended because of the British protests. Fortunately, another foreigner named Bai Qilu appeared at this time, threatening to borrow from the Ministry of Revenue. After careful investigation, Yu Huizu found that he was originally from the McCalley Bank, the rival of HSBC Bank. This person was willing to underwrite Chinese government bonds in the London financial market. In a way, he operated. The Ministry of Revenue and a Chrispoo company formed by the British London Stock Exchange economic man, Krispoo, signed a contract to issue 15-year bonds of 30 million pounds. The borrowing conditions were moderate, the bond issuance price was 93% off, the actual payment was 90% deducted, and the annual interest was 5%. The agricultural tax was used as collateral and there was no need to regulate the finance.

However, as soon as this contract was signed, the bank group was full of criticism. Jurden went straight to the Prime Minister's Office to protest, and London also suppressed the issuance of bonds. The bank group formed by Klispool also had the possibility of being dismantled and bought. It was not until Yang Rui spoke later that the loan from Europe was the last. If this loan could not be borrowed, it would never be borrowed again, which saved some of the situation. However, the bonds were sold in London very poorly. If China had not had the financial conditions of China itself and Yang Rui personally wrote a letter to Klispool, promising that if the loan was successfully completed, then China's loans in the London market would be given priority to the Klispool Company. I am afraid that the Klispool consortium, which was temporarily formed by three banks, would have to be dissolved.

When Yang Rui heard Yu Huizu's complaints, he had to sigh and said, "Hanzhang, tell me. If I want to borrow money, what else can I do?"

"It's true, this is not a problem that you can solve." Yu Huizu sighed, "The problem now is that Britain and Japan are allies. Even if they can have greater financial returns, London bankers are also biased towards Japan rather than us. Xingjian is in London and seeks to meet with Jewish financiers such as Rothschild. After all, this is still a political issue."

"After all, this is still a problem with the navy!" Yang Rui's view was somewhat different from Yu Huizu. The Chinese and Japanese army had fought fiercely last year. Both sides claimed that they were the winners after the war, but according to international public opinion, the two armies were evenly matched, and Japan's final failure was related to the weather. The army was considered to be evenly matched. Then the navy was one-sided. In the eyes of ordinary people, with the Japanese navy, China will never win. Yang Rui could not explain that he had two hundred submarines and more than a thousand aircraft that could throw torpedoes. These things are so confidential now, just to surprise them.

"Let him sell the bonds in London first. Today I came to you to say that the contract with the Germans has been roughly agreed, and the Ministry of Revenue should be prepared for payment." Seeing that there was no way to deal with the bonds, Yang Rui had to talk about what was happening now. "The total price is 335 million marks, because there is 20% of the loan, so it only takes 268 million marks, which is 67 million US dollars. Half of the total payment in the early stage, that is, more than 41 million US dollars."

"Do you want to pay in US dollars?" Yu Huizu asked, "Don't everyone know this payment?"

"It's better to change the name." Yang Rui said, "Even if it's an expanded payment for the military factory, if it doesn't work, just say the shell money."

The word "cannonballs" still vividly remembered Yu Huizu. Fighting is expensive and it is extremely large. He heard this and said, "This is also true, but when you say you buy cannonballs, it's not..."

"It's a matter of time before China and Japan starts war, so I don't care about that much." Yang Rui said. "I've finished talking about the Germans. You can follow the rest. By the way, Mr. Huafeng, I remember not asking him to come?"

"Isn't it an industrial conference? Representatives from all provinces have arrived now. Mr. Huafeng always has to come forward to meet these people. He should be here now." Yu Huizu explained, "It's true, don't forget that you will have a discussion with everyone tomorrow."

"It's going to be open now." Yang Rui just shook his head, "Our industry, hey, all the workshops have been invited, and less than 800 people across the country are going to Beijing for a meeting."

As soon as Yang Rui finished speaking, Xu Huafeng's voice was heard outside, "It's true, don't underestimate the one who opened the workshop. The size of the sky is not made from small to large, step by step."

As soon as Xu Huafeng entered Leshou Hall, he heard Yang Rui muttering to open a workshop and could not help but refute loudly. He talked with representatives from all over the country today and felt a lot. He felt that although the country's industry was small, these people who run the industry were valuable. With these people, the industry would definitely flourish. He said happily: "It's true that although we are not good at this industry, we can't underestimate it. In time, these people will be the pillars of the industry."

"That's going to take some time," Yang Rui said as he stood up to greet him. "If they don't support them, they will completely rectify the financial environment and trade environment, can they develop? Humph... These days are all ungrateful!"

Yang Rui only called these people to be ungrateful in the future, and everyone smiled. The foundation of the Revival Society is now in the countryside, and farmers are the biggest source of votes. Although this is the case, the Revival Society has to do a robbery of agriculture and help industry and support industry. Now that agriculture is strong and industry is weak, Revival will stand firm, but in the future, if the industrial output value exceeds the agricultural output value, the electoral system with taxation as the standard will only make industrial and commercial capital a powerful opponent of the Revival Society in the future.

Perhaps in a few decades, Revival will be able to represent industry and commerce, but Yang Rui believes that this is impossible. First, based on the current classification situation, will Revival represent everything, because everything represents it means nothing. When the industrial and commercial capital grows, it will automatically find its own agent; second, the gentry and officials of the Qing Dynasty are now suppressed have all flowed to industry and commerce. Revival itself has a deep grudge with these people, and when they turn over in the future, Revival will definitely be opposed by them.

"Why, I'm thinking about what's going on now?" Xu Huafeng smiled while twisting his beard, and there was a slight smell of alcohol on his body. It was obvious that he was very happy.

"No. I just want to look at the perspective of national development. Farmers will always suffer." Yang Rui was a little sad: "Water the industry with the blood and sweat of farmers, use the flesh and blood of farmers to defeat the great powers, abolish those unequal treaties, and win a good development environment, but ultimately it will be cheaper for industrial and commercial owners. In the end, these people who enjoy their fruits will become the masters of this country. It's really a pity and sad!"

With a little drunkenness, Xu Huafeng said, "It's true. You know. For thousands of years, scholars have been sitting on top and farmers stand below. When they conquer the world, they are dead, and when they govern the world, they pay for the money. In the end, those who sit on the dragon throne have nothing to do with them. They also have to be grateful to the people above. This is such a world." Xu Huafeng realized that he had said too much after he finished talking, and asked quickly: "Have you agreed with the Germans?"

"Well. It's basically decided." Yang Rui was extremely calm. "The remaining technical details depend on you. The people on the transdermal machine have agreed. Who are you going to send to study?"

When he heard it was a turbine, Xu Huafeng's spirit was immediately shocked and he woke up a lot of wine. He said immediately: "Would the Germans let us go directly into the boiler room?"

"Yes. And you can also participate in the manufacturing." Yang Rui said, "They are kind, but it is estimated that it is more likely that we can watch on the side. However, they promised to tell everything, although they don't know much."

After hearing this condition, Xu Huafeng's hanging heart was relieved, "That's good! That's good! No matter how much they know or how little they know, it's better than the blind people touching elephants now! In order to learn steam turbines, the Japanese had to customize dreadnoughts in the UK and spent a lot of money to buy various patents. Although we chose the impulse path, boilers and reduction gears can be learned."

"Let's not talk about the steam turbine for now." Yang Rui grabbed the topic: "The submarine can be improved and has been found to improve the things. Next, we will build things according to the standards, and we cannot supervise them..."

"What, who will I send to supervise?" Xu Huafeng was a little surprised. He didn't know what to keep secret.

"Recruit some reliable Germans." Yang Rui said, "These 160 submarines were built in the name of the German Navy. Isn't it noticeable if we run over to supervise it?" He said this and looked at Xie Zhangtai and Yu Huizu. "Now the Ministry of Revenue, the Ministry of Foreign Affairs, and you all have to find a way to keep it confidential. Even if the secret is leaked, the Japanese cannot know the final number and performance of these submarines, let alone the torpedo."

"The Ministry of Revenue will do its best to keep the payment confidential!" Yu Huizu interrupted, "It really doesn't work. Do not exchange the remittances from all over the place for silver first, and pay the Germans first."

"The Ministry of Foreign Affairs will also try its best to keep it confidential," Xie Zhangtai said: "I will do something else to ignore the agreement with Germany. Also, if possible, the German government should not recognize us first. After the United States recognizes it, it is best to wait until Russia recognizes it before admitting it. This will not bring attention."

"Then let's arrange it like this." Yang Rui nodded and fell asleep as he explained other things to everyone.

He fell asleep, but the representatives of the Industrial Congress in Prince Chun's mansion in the capital could not sleep. Those who opened workshops could meet the emperor. This was a great event. In addition, the Minister of Works, Mr. Xu, personally met with him, and hundreds of people were even invited. These people were really flattered. Everyone was willing to eat the seafood delicacies on the table, and they all sighed that this new dynasty was different from the old dynasty.

Most of the 759 people came from coastal cities or port cities such as Shanghai, Tianjin and Andong. The most textile and silk reels were in the industry, followed by match factories, oil mills, flour mills, soap mills, etc. As for heavy industry, in addition to the official, there are several machinery factories in Shanghai that are not small in scale. Among them, the largest private capital is Zhu Zhiyao's Zhixin Machinery Factory. Although this is a machine factory, it is actually a private shipyard. The Dada Wheeling Company run by Zhang Jian once ordered a 300-ton dual-purpose passenger and cargo river ship from it. After it was built, it was extremely practical and widely praised. In addition to seeking newness, there is also a private factory that is the Yangtze Machinery Factory of Gu Runzhang, Hankou. It is also a shipyard, with a smaller scale than seeking newness, but it can also build ships.

In the renovated Prince Chun Mansion Hotel, Zhu Zhiyao, Ma Xiangbo and Zhang Jian were discussing secretly in the house. The focus was to seek loan support from the court. Jiangnan Shipyard is a core enterprise of Tianzi. Its prosperity did not put pressure on the new machine factory, but instead allowed private shipbuilding yards to break the competition among foreign shipyards. It gained a place in the market for small shipbuilding. Seeing that the shipbuilding industry became more and more popular, Zhu Zhiyao was so anxious that when the Ministry of Industry said it would hold a national industrial congress after the New Year, he counted down to go to Beijing for a meeting. In order to get support, he prepared to write the memorandum several times, just waiting for this time.

"Mr. Fourth, I said that the Industrial Conference was held last year. Why did it only hold today? Shouldn't all the magistrates of the court have better ideas?" Zhu Zhiyao asked. He and Zhang Jian are old. Although Zhang Jian is the minister of the Ministry of Commerce, the court is now under the Ningbo Gang. Moreover, the court wants to build so many official shipyards. He has no idea whether he can support him if he seeks innovation.

"Pang De, you are your own person, and you can say a lot. Although I am the Minister of Commerce, Du Qiufan is in charge of the affairs in this yamen. This person is the old man who follows Premier Yang. It is said that Tonghua was built by him, which is very powerful. With him, I can only interfere in many things, and I don't know any of the internal decisions. Besides, this new court does not care about human relations and keeps confidentiality first. Industrial Conference

It was sponsored by the Ministry of Works. I don’t know what it is, but it is certain that this conference is not as speculated as before, but it is to be entrusted to everyone. This is not like Premier Yang’s style.” Zhang Jian said with his beard twisted. After being an official for many days, he felt that he was out of place with the new court and his expression was much older. Fortunately, the rent reduction case did not affect his industry, otherwise his chin would have fewer beards.

"Then...this..." Zhu Zhiyao didn't know what to say for a moment, "I heard that the Yangtze Machinery Factory in Hankou seemed to be going to jointly invest with the court to build a large shipyard like the Jiangnan Shipyard. Mr. Fourth had heard of this in the court?"

"The Jiangnan Shipyard was originally owned. Nanjing Shipyard is said to be a military shipyard. Hankou Shipyard mentioned it in the industrial plan of the day when Premier Yang took office, but it did not say it was an official business or a joint venture. The Xin Dynasty was not the former Qing Dynasty, and there was a way to run an industry. It is not certain whether it was a joint venture with the Yangtze Machinery Factory. In addition, Li Weige, one of the shareholders of the Yangtze Machinery Factory, is being investigated by the inspector... I am also confused and can't understand what's wrong with the Xin Dynasty. You said he doesn't talk about favors, but he only touched the people involved in the case, not the rest. You want to say that he talks about favors, but once the law is broken, he will be ruthless. Pang De, I am an old man and don't understand what the world is going to be like." Zhang Jian suddenly threw out such a big news, which only scared Zhu Zhiyao and Ma Xiangbo.

"Mr. Fourth, isn't Li Weige the general manager of Hanyang Iron Factory? He has always been appreciated by Shanda. Mr. Shanda is now the Minister of the Ministry of Transportation, and Li Weige is the general manager of Hanyang. Once he goes, will the Hanyang Factory be in chaos?" Zhu Zhiyao asked in surprise.

"I heard that he is very honest as an official, but he sold the steel from Hanyang Iron Factory to the Yangtze Machinery Factory at a low price, and handed over some of the iron factory projects, such as steel beams, to the Yangtze Machinery Factory. Do you think there is nothing wrong with this?" Zhang Jian sneered. He didn't like those Ningbo people. "Sheng did not know these things, but once he found out, he realized that Li Weige made money like this. Xin Dynasty recognized the law and not the people. Even if Hanyang stopped working, he would still arrest him."

"I understand. I understand." Zhu Zhiyao nodded. He had attended Xinxue and was also a comprador of the Shanghai Branch of Oriental Huili Bank. He understood and agreed with the rule of law in the new dynasty.

"Brother Xiang Bo, when Su reported the case, didn't you help the Patriotic Society hide a few students? Cai Jimin, Zhang Xiaozhai, etc., you are familiar with it. Why can't you ask them to help the shipyard?" After Zhang Jian said that, he asked Ma Xiang Bo, who came to the capital with him. He was Zhu Zhiyao's uncle, so he probably came to help him.

When he heard Zhang Jian say he was helping, Ma Xiangbo smiled and said, "Ji Zhi, let me worry about the younger generation's affairs. I am not here to seek a new machine factory. The university departments of the school will start to recruit students this year. Although Fudan is young, it is also a university. I am here to have a meeting."

"Oh...hehe." Zhang Jian laughed, "Look. I'm old. Didn't you talk about this just now?"

After all, Zhang Jian and Ma Xiangbo were both cultural people. When they chatted, they threw Zhu Zhiyao aside. Seeing this, he could only smile bitterly. When he couldn't sleep, he had to walk around the yard. Prince Chun's mansion was the birthplace of Guangxu. If you trace it back further, you should know that this was the mansion of a corrupt official and a gentleman. It was made very elegant and exquisite. This mansion was originally to be rewarded to the Prime Minister Yang Rui of the current dynasty, but Yang Rui didn't want it and ordered it to be converted into a state hotel to receive guests.

Under the electric lantern, many people were enjoying the cool in the yard. When Zhu Zhiyao walked in, he heard a cheerful laughter and only heard a man saying in a stiff official language: "... After stealing the Tianqi from the family to pawn, I had the money to take the train to Saigon to learn how to make matches. Three months later, I bought some materials back to Kunming. Before I even entered the house, my father stopped me and beat me hard. I only said that I was a prodigal son. As expected, the matches I made were too bad. The medicine heads either did not catch fire or were easily dropped. All the first batches were thrown into the house as firewood..."

When the man said this, the people around him laughed again, and the man continued, "I thought at that time that I had to go back to Saigon to study again. When I came back, I was beaten by my father again..." Everyone laughed again, "...When I went to Saigon to study again, the Frenchman there shook his head when he saw me and said he had known that you would come back long ago. I said, "You know if I can't learn, why not stop me. The Frenchman said he wanted to stop me at that time, but when I thought I could charge the tuition again, I put me back..."

The laughter sounded again. The man was talking about learning to build matches, but when Zhu Zhiyao thought of building a ship, he couldn't help but smile. This industry is not as good as a business. Many times, it takes many failures to succeed, and every failure has to pay a huge price. The young man who spoke was not good at making matches was just going to Saigon to study, but if he couldn't build a ship, it was not a problem of learning again, but a problem of bankruptcy of the machine factory.

"Brother Pang De," Zhu Zhiyao shouted in a voice beside him while pondering.

"Oh, cousin Yu... Brother Guangyu..." Zhu Zhiyao turned around and saw that it was Yan Yutang, the shopkeeper of Dalong Machinery Factory, and the Shunchang Sand Fencing Factory, and Guangyu, the factory of Shunchang Sand Fencing Factory. Unlike Zhang Jian's gentry-enterprise-making industries, these two people started from scratch and worked hard on their own. The former is Dalong Machinery Factory specialized in manufacturing agricultural machinery and matching textile parts, while the latter is Shunchang Sand Fencing Factory in Shanghai, and may also be the first foundry in the country.

"Brother Pang De can't sleep either." Yan Yutang said something, and he knew that Zhu Zhiyao had a good idea.

"Where is Cousin Yu?" Zhu Zhiyao sighed, "I'm worse than you. Now the court has made every effort to set up a shipyard, but my machine factory is in lingering. The court will not set up an agricultural machinery factory, but it is better to do a single business."

"Brother Pang De, you don't know. A single business may not be good." Gu Guangyu said with a calm face: "My sand-winding factory is going to be a public-private partnership."

"Public and private joint venture!" Zhu Zhiyao asked hurriedly. He had seen several people being called away by officials from the Ministry of Works in the afternoon. He could not have thought that Gu Guangyu was one of them. "How to have a joint venture law?"

"It was the court who paid money and invested in my sand-turning factory. It was said yes..." Gu Guangyu didn't believe it now, "I said he wanted to invest hundreds of thousands of taels of silver in my sand-turning factory."

"Ah!" Zhu Zhiyao shouted. "Invest so much money into your sand turning factory?"

"Yes. I said I would build another factory and add machines, and the workers in the factory also need training. By the way, I said I would also need training for half a year, and I would let me learn modern management... I would have to go abroad for half a year to see what the foreign foundry looks like." Gu Guangyu was still scared when talking about the afternoon incident, and only felt that he was on a train that was extremely fast and had no idea where the purpose was.

"Then, who belongs to this factory after the public-private partnership? Who is in charge?" Zhu Zhiyao just didn't believe it when he heard that there was such a good thing.
Chapter completed!