After allowing foreign trading companies to exchange silver dollars, Li Songchen asked the Shanghai Municipal Government to postpone get off work for one hour every day and listen to daily reports on silver dollars and banknote exchange and market fluctuations in order to understand the situation at the extreme and formulate countermeasures.

Although everyone in the Shanghai Municipal Government had expected the development of the situation after allowing foreign trading companies to exchange silver dollars, after listening to the situation on the third day, everyone was still very heavy because the current situation was indeed very unoptimistic, so the atmosphere in the conference room was very depressing.

Li Songchen said: "How many silver dollars can we still have for redemption now! How many more days can we support it!"

Zhang Zhuowei said: "There are still 5.784 million silver dollars, which is expected to be only 5-6 days."

Xu Dingsheng said in surprise: "Can you only support more than 500 silver dollars for such a few days?"

Zhang Zhuowei nodded and said, "Yes, this is because local businesses and the people have been affected by the trend of exchange of silver dollars. In the following time, more and more people will exchange silver dollars. Therefore, we must calculate a certain increment, and we must also consider that in the future, there will basically be no income from exchanged silver dollars for banknotes. The silver dollars are almost completely spent, so we came to this conclusion."

Li Songchen said: "Well, this is the right way to do it. In the current situation, we would rather predict the development of the situation to be more serious than blindly optimistic."

Cheng Lingxi said worriedly: "5, 6 days passed in a flash. What should we do if our silver dollar reserves are redeemed!"

Chen Zhengmao said: "I have said it a long time ago, of course I shouldn't agree to foreign trading companies to exchange silver dollars. How is it like this now? It's like this."

Xu Dingsheng frowned and said, "What's the use of saying these words now? Moreover, the Qingdao Executive Yuan also agreed with our resolution and clearly stated that this battle must be won within the scope permitted by the rules. So now we should think more about what to do, and is there any good way!"

Chen Zhengmao shook his head and said, "I have no choice."

At this time, Zhang Zhuowei said again: "Actually, there is an order for the good news. Qingdao has already notified us. The second batch of 5 million silver dollars to support us will arrive the day after tomorrow. There is also the third batch of silver dollars, which is also under preparation. It is expected to arrive in 7-10 days."

It turned out that after the Shanghai Municipal Government reported the situation to the Qingdao Executive Yuan, it soon received a reply from the Executive Yuan. First, the Executive Yuan agreed with the Shanghai Municipal Government's resolution and the rules it formulated must not be easily violated. At the same time, it also set the tone for the incident in Shanghai. This is not just a matter of currency restructuring of the East China Government, but a foreign hostile force attempted to use economic, financial, public opinion and other means to restore the defeat in China after the complete failure of the military struggle.

If it can succeed, foreign hostile forces will inevitably continue to use economic, financial, public opinion and other means to other regions of the East China Government, causing the East China Government to be exhausted and powerful military forces will be useless. Therefore, the East China Government does not want to win this battle, and must not use means beyond the scope of the rules allowed by the rules. Only in this way can we completely defeat foreign hostile forces and save China's illusion of defeat. At the same time, it is also like other Chinese forces that declare that the East China Government is not only strong in military affairs, but also in terms of economy, finance, public opinion, etc., is enough to confront foreign hostile forces.

Of course, at this point, relying solely on Shanghai's strength is obviously not enough to win. Fortunately, other pilot cities have good order and no unexpected events have occurred. Therefore, the Executive Yuan also decided to concentrate all its strength to support Shanghai in winning the battle. First, it immediately gave Shanghai 5 million silver dollars, and subsequent support is also being prepared.

Yang Jin said: "That's good. When the second batch of silver dollars arrives, we will be confident."

Chen Zhengmao said: "Don't be too optimistic, 5 million silver dollars can last for a few days."

Yang Jin said: "You can't say that. Isn't there a third batch of silver dollars?"

Chen Zhengmao said: "Unless Qingdao can provide silver dollars that can exchange all Shanghai banknotes, it will eventually be the time to be run, which is just a matter of time."

Zhang Zhuowei said: "That's not necessarily the case. It's always good to be able to support for a few more days. Maybe the situation will change. The current run is actually just an emotional behavior. If we can provide exchanged silver dollars stably, when the public's emotions calm down, we will naturally stop exchanged silver dollars. In another two days, we will start to collect seigniorage tax. This can also help the public stabilize their emotions. It does not necessarily mean that we have to wait until all the banknotes are fully exchanged."

Chen Zhengmao said: "The question is when will the public's emotions be calmed down! The seigniorage can play a limited role. As far as I know, there are some foreign trading companies participating in the exchange of silver dollars. The company also retains a part of the banknotes, which is specifically used to pay taxes, so there is no need to pay seigniorage. Therefore, it is unrealistic to expect seigniorage to significantly change the current situation. Of course, the statement of exaggerating all the banknotes is indeed a bit exaggerated, but when the people's emotions calm down, the silver dollars needed is also a huge number! Can Qingdao provide so many silver dollars?"

Zhang Zhuowei said: "We can also use other channels, such as further strengthening publicity work, and at the same time retaliate against foreign businesses and companies, and persuade local businesses. If the business and company are handled first, it will be easier for the people to deal with it. As long as we can gain more time, we can use other means. By the way, how has the investigation of those foreign businesses been carried out."

Feng Zhiyu said: "It has been found that three businesses have committed tax evasion, each of which was fined 10,000 yuan. Another company has committed serious violations of labor rules and fined 20,000 yuan, and ordered it to suspend business and rectify for 10 days. Several other businesses and companies are still under investigation. After all, they have to act according to the rules, so it also takes time."

At this time, Li Songchen said: "The discussion on the exchange situation on the bank is over here. In addition to the daily situation statistics, I only have two requirements. One is that in the next time, there will be a large number of people who exchange it at the bank. Even if the current run is an emotional behavior, we must also prevent the people from getting out of control and extreme group events. Moreover, our foreign hostile forces may not miss such an opportunity to disrupt our social order. Therefore, we must strengthen the security measures of banks. Starting tomorrow, all four banks will send additional police personnel to maintain daily order. Not only the order in the bank, but also the periphery of the bank and surrounding areas, we must also supervise. Once someone finds that he takes the opportunity to cause trouble or incite the people, he must be arrested immediately, severely punished and must not be estimated. At the same time, a plan must be formulated after a group incident occurs. In short, the more you do the preparation, the better."

Feng Zhiyu said: "Yes, please rest assured that our police system will do its best and will never let extreme group incidents happen."

Li Songchen said again: "The second is to strengthen customs monitoring and strictly inspect to prevent the outflow of silver."

The monetary system of the East China government is still in the silver standard, but the non-trade carrying silver dollars is controlled very strictly, with very complex approval procedures and inspection systems, and high tariffs are imposed. Therefore, those who carry silver dollars out of customs will generally exchange them into currencies from other countries. Although this approach will have a certain impact on economic activities, it can prevent the outflow of silver and play a major role in stabilizing the value of the East China government. Therefore, at this time, many foreign commercial banks and companies exchanged a large amount of silver dollars. If they transported these silver dollars abroad privately, it will cause a large outflow of silver, which is also very unfavorable to the East China government.

Xu Dingsheng nodded and said, "I will notify the customs to ask them to strengthen the testing efforts. We must never let foreign commercial banks or companies transport these silver dollars."

Li Songchen said again: "Okay, then, is there any situation in the market?"

Liu Weibo said: "The price has risen slightly, because it is daily necessities, which have risen by about 20%-25% compared with the previous year. However, since various commodity materials have increased to a certain extent during the New Year, the actual increase is around 10%, which is basically within a reasonable range. Of course, the government's investment of some daily necessities in the market has also played a role in preventing the increase from being too fast."

Li Songchen said: "So are there enough daily necessities now? There is no rush to buy it."

Liu Weibo said: "Sales volume increased by 20% compared with normal conditions, but there are basically no shortage of goods on the market, and there are no rush purchases or large-scale purchases, which means that no one deliberately stored a large amount of materials. The first batch of materials shipped from Qingdao has been used up almost half. In fact, if all the first batch of materials shipped from Qingdao is put into the market, the prices can be stabilized at the level of the New Year. However, we consider that the appropriate increase has little impact, and we still have to keep some of the materials on hand to prevent unexpected needs."

Li Songchen also nodded and said, "It's great, we can't relax the monitoring of the market. In addition to normal reports every day, we must report to me immediately if an emergency occurs."

Liu Weibo said: "Yes."
Chapter completed!