"I, Wang Changyuan, have been able to reach the scale of today thanks to the care of the adults in the past or two years. Now adults need funds to expand their military facilities, so I cannot stand by. I am willing to pay 100,000 taels of silver to invest in military use." Wuhu businessman Wang Changyuan said first.

Many merchants were in an uproar. This time, they did not use silver to buy land or resources, but instead invested in the bottomless pit of arms, and they could not foresee what the future returns would be.

"Okay, okay, I'll ask for all these silver for free. As long as you are a merchant who funded the construction of the naval, you will issue war bonds as a certificate according to the amount of funds you pay, and you will return the capital and profit to everyone in five years." Chu Yun said again, "Of course, the interest may be relatively small, but good steel is used on the edge. Investing in the navy can not only protect everyone's safety on the route, but also don't have to worry about losing all your investment."

Can you still recover your principal in five years? The merchants felt much better when they heard Chu Yun say this, so they just treated it as a five-year fixed deposit. The territory of the Fu Liao army is so large, so they should not admit it.

"I paid thirty thousand taels of silver to buy war bonds."

"I'll pay ten thousand taels."

...

With Wang Changyuan's unconditional trust, the other merchants also purchased this new type of financial instrument.

According to Chu Yun's plan, war bonds will be issued for a long time to solve the problem of expanding arms.

"Mr. Wang, thank you this time, otherwise it might be a bit troublesome to implement war bonds." Chu Yun left Wang Changyuan alone.

"Sir, don't say that. If it weren't for the fact that the adults opened up the trade route with Goryeo and Japan, so that our merchants could travel unimpeded in the North Sea, I would not be today. Moreover, the large number of industrial products produced in southern Liaoning made our merchants more competitive. Goryeo, Japan, South China, and even the residents of the southeast coast were flocking to our goods, and some goods were even willing to buy from us at a price of five times or ten times the market price." Wang Changyuan talked about trade and was immediately full of talk.

"Five times and ten times? This profit margin is amazing. It seems that our tariffs and commodity taxes are still collected less." Chu Yun heard some information revealed by Wang Changyuan, and couldn't help but sigh at the amazing profits of Ocean Trade. No wonder even if it is a sea ban, merchants still smuggle them at the risk of beheading.

"Don't worry, sir, although some commodities have amazing profits, most commodities are not so exaggerated. Commodities with amazing profits are almost unproductive in other places, or the quality is far less than that of ours." Wang Changyuan was startled by Chu Yun's statement that he wanted to raise the tax rate.

If Chu Yun really changed the tax rate because of his casual words, he would definitely be despised by other merchants from the Far East Trading Company.

"I'm just a joke. The adjustment of tax rates is a big deal and can't be played with." Chu Yun said, "What difficulties have you encountered in trade recently?"

"Well, it's similar to previous years, there's no big difficulty... Speaking of which, recently, when trading in Goryeo and Japan, I encountered protests from handicraftsmen from both countries, and I was a little resistant to our goods. Especially the Tokugawa Shogunate, I seemed to be a little disgusted with the large-scale influx of our goods, but for the time being, we can't do anything about it." Wang Changyuan mentioned the trade situation in this area, especially the Tokugawa Shogunate.

"Why are they helpless with our merchants?" Chu Yun was a little surprised. The merchants of the Ming Dynasty seemed to have tried to solve the problems encountered in trade in private.

"Sir, of course, I have to use this." Wang Changyuan used the silver sign to Chu Yun, "Where we dump goods, we will buy their daimyo, samurai class, and officials. There is no silver that cannot be solved. Even if the shogunate wants to attack us, those who have received our favor will interfere. For these landlords, they do not consider the interests of the handicraftsmen. They only want the people to become their tenants and station safely on the land to produce food for them."

These business veterans are indeed powerful. Chu Yun was secretly shocked. Not many people could resist the temptation of silver.

"But this can only solve the urgent problem. When the Tokugawa shogunate realizes that our goods occupy their market on a large scale and affect their position, they may counterattack." Chu Yun said.

"It will be a blessing at that time, right?" Wang Changyuan said to Chu Yun meaningfully.

"Hahaha, you businessmen, I really love and hate you." Chu Yun smiled dumbly.

This time, war bonds were sold from merchants, and the financing amount was about 300,000 taels, so several more warships could be built. However, it is not enough to build a super fleet that can dominate the East China Sea and the South China Sea. Fortunately, this is only the investment of merchants who stayed in southern Liaoning this month, and a large number of merchants from Far East Trading Company in the South China Sea will invest in the navy. Although merchants' investment cannot completely cover the expenditure of naval expansion, it has greatly reduced the financial burden. As for repaying the capital and profits in five years, at that time, I can only send the navy to loot the resources I obtained to repay the financing amount.

"Let the Admiralty Department draw up a detailed plan for military expansion and submit it next month. If appropriate, shipbuilding factory No. 1 and Shipbuilding Factory No. 2 will produce various warships." With the funds for the start-up, Chu Yun became confident in the expansion of the army and asked Chen Ting to make arrangements.

"Speaking of this, the grain is about to be harvested. Our grain output this time is already quite considerable, right?" Chu Yun found out that the finances were inquiry and became concerned about the grain again.

"The military leader's judgment is correct. Due to the use of Jinke trash and planting new crops, and the rotation system has been implemented, our grain output this year is not only enough to survive the cold winter, but also has some surplus. Even if a war is launched, it can support an army of 30,000 people for a month." Chen Ting said.

"Can it support 30,000 people fighting for a month? Well, after harvesting this year, leave behind the winter food and seeds for next year, and the rest of the food is used as war preparations to prepare for war."

"Ah? Military Master, you really want to start a war? We finally found some surplus food. Last year, we all survived the crisis by purchasing overseas food. At least this year, we are self-sufficient." Chen Ting looked a little frowning.

"If it's not enough, continue to purchase grain from Goryeo, Japan, and Shandong. Anyway, the grain is a hard currency, and no matter how it is, it won't suffer any loss." Chu Yun said.

"Oh, the military leader is not in charge of his family and does not know that the firewood and rice are expensive. Liaodong, as a newly recovered territory, needs money everywhere. His subordinates are walking on thin ice. Every night before going to bed, they think about how much silver there is in the warehouse. Even recently, the court has sent people to urge us to pay taxes."
Chapter completed!