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Chapter 1413 Reorganization of the East India Company (Part 2)

The reorganization of the East India Company is a recent major event for the Ministry of Revenue, and a special East India Company reorganization committee was established. The directors of the East India Company's headquarters in Beijing were also busy preparing for the reorganization.

This reorganization is likely to determine the fate of the East India Company in the next hundred years. The goal of the reorganization is to enable the East India Company to operate more efficiently and gain more benefits from the Indian Peninsula.

Under the pressure exerted by Chu Yun, the East India Company Reorganization Committee came up with a preliminary reorganization plan after half a month of busyness.

The meeting was held at the headquarters building of the East India Company in Beijing, where the guards cleared the venue in advance.

There are a total of twelve directors in the capital serving as members of the committee, two of whom are directors of the British.

In the acquisition of East India Company, in order to annex the assets of the original East India Company, they left 10% of the shares to the British. In the acquisition treaty, they required two seats on the board of directors. The East India Company currently has twenty directors, and the British only have two votes of decision-making power, and basically have no right to affect the major decisions and changes of the East India Company. However, after all, it is necessary to find two directors of Britain when it comes to major events such as the reorganization of the East India Company.

"First of all, the governance structure of the East India Company is still set up to make decisions. The Jingcheng and Kolkata are stationed in ten directors respectively. The Jingcheng board of directors makes major decisions and prepares budgets. The Kolkata board of directors is responsible for temporary decisions and supervision. Another Governor is set up to conduct daily operations and management in Kolkata to decide whether to start a war to achieve the goal. A manager is set up in important strongholds such as Kolkata, Madras, Goa, and Mumbai to manage it."

"In addition to the board of directors, governors, and managers, there is also a supervisory board. The Supervisory Committee manages it and restricts the behavior of the Governors and managers. The Supervisory Committee inspects various strongholds every year."

"The second is to collect tariffs on behalf of others. A special East India Customs Commission is required to establish a special East India Customs Commission, responsible for collecting ship taxes from merchant ships from various countries to East India. Similarly, the Board of Directors, the Supervisory Board must supervise the Customs Commission."

"In the future, when expanding, you can set up a supervisory agency in each place. At the same time, the scale of the customs committee can be expanded with the expansion."

The directors of East India Company took the lead in reporting on the main framework of East India Company, adopting a management model of separation of powers. The board of directors, supervisory board, and supervisory committee are the actual decision-makers, while the governor, manager, and customs committee are the actual managers.

"The company's structure solves the problem of how to make the East India Company operate effectively, and the next step is how to make more money. In addition to providing services to our Chinese merchants and merchants in other countries, East India Company will also set up separate coal companies, grain companies, tea companies, jute factories, machine and spinning factories to expand in Bangladesh! It is expected that it can make a full profit within five years, and its profit will be an unimaginable astronomical figure." The director of East India Company could not help but tremble with excitement when talking about the prospects of East India Company.

Bangladesh has a large population, which means a huge market. The East India Company has to set up so many companies, which means that it can expand the trade surplus by exporting goods and plunder the wealth obtained by local people from the land!

"The company is expected to have three sources of income, the most important is import and export trade, followed by the customs tariffs imposed on merchants from various countries, and finally the service fee for merchants from various countries to provide warehousing and other services to merchants from various countries. The expenses include factories, land, machines, labor, etc. In addition, it is necessary to form a Tumen mercenary and an armed fleet to protect the interests of the East India Company in the Indian Ocean, and to maintain multiple merchant fleets to carry out the turnover of goods in the Indian Ocean to the South Ocean, and to carry out local cargo…"

"Wait a moment, the tariffs imposed by the East India Customs should treat us Chinese businessmen equally and not monopolize trade alone, and even target our own people." Chu Yun interrupted the director and raised a question.

As an extremely powerful group in the future, if the East India Company becomes a trust organization and becomes crazy for its own profits, it will be against its original intention.

"The company's customs committee needs to report to the General Administration of Customs. Under the supervision of the General Administration of Customs, it will not impose such despicable practices of tariff discrimination against our own merchants. We will only impose tariff discrimination against merchants in other countries." said the director of East India Company.

Chu Yun nodded slightly. Everything about the East India Company is in the hands of the government, so the East India Company will not be able to go independently and can take over the East India Company if necessary.

"There is another very important source of income that has not been mentioned." Chu Yun said.

"What income?" the director of East India Company was puzzled.

"Land rent! Although trade and customs are very profitable, land is the foundation, especially a huge agricultural country. If we can obtain the power to collect land rent from the local area, we can hire more soldiers locally, and the East India Company can also obtain more profits than imagined." Chu Yun said.

The Indian princes fought for territory, with the purpose of occupying more land and collecting higher rents! Agricultural civilized land is everything and the most taxable piece. At least half of the crop harvests of farmers on their land were handed over to the princes!

The output of industrial land is generally higher than that of agricultural land, but the area of ​​agricultural land is much larger than that of industrial land.

If the power to collect land rent from these princes and princes is unimaginable, the income will be unimaginable. It is equivalent to the farmers on the entire Indian Peninsula farming for the East India Company, and the East India Company can even be the boss, letting the princes and princes be responsible for managing and suppressing local farmers, and counting the money behind the scenes!

"This idea is good, but land rent is the fundamental interest of Indian princes. Once we interfere in land rent, it will offend their fundamental interests, and they will turn against us." The East India Company obviously also wanted to plunder land rent to strengthen the East India Company, but it is dangerous to do so!

"Then use the army to make them surrender. We spend so much money to hire local people to join the army not to help them solve the employment problem. If enough soldiers are trained, we will start a war. To coerce and tempt those Indian princes and their generals, there will always be people who sell their land rent to keep their position." Chu Yun said calmly.

He raised a large number of Tumen mercenaries not for charity!
Chapter completed!
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