Chapter 1,761 Broken House

Liao Kingdom, Zhongjing Remaining Mansion.

Grand Duke Ding held a thick veil on his head and looked haggard.

He is really tired.

Dagong Ding himself is a descendant of the Bohai royal family, and the traitor Gu Yu, who is also from Bohai, is still protected by Nuzhi, and he often acts with scruples.

Now Wang Jing is focused on making money. The iron factory has begun to produce, and the 3.5 million bonds have begun to be exchanged. Although there are still four years until the final exchange period, it is still a stage of buying and selling, but the sales have begun to outnumber the purchases.

There are more.

The main reason is that there is still interest to be paid. The first year's interest expense is 350,000 guan. Wang Jing now wants to find this 350,000 guan from Daliao's fiscal revenue.

Imported money!

In the past two years, the exchange rate of imported money and silk banknotes has increased significantly, and with Wang Jing's actions, the improvement has become even more obvious.

Although Wang Jing encouraged everyone to give priority to silk banknotes when exchanging money, as imported money sometimes disappears and you have to wait, ordinary people are not fools. They would rather wait than exchange imported money for real gold and silver.

This further worsened the exchange rate between imported money and silk banknotes.

Therefore, Wang Jing assigned several capable ministers to manage the iron factory production, Liaoyang Agricultural Base, and Changchunzhou Agricultural Base.

What fell on the head of the Grand Duke Ding was to receive the grain transferred from Nanjing's Xijin Prefecture, raise money, grain, and soldiers, go north to support His Majesty who went to Beijing, and then transfer it to Jinshan to seal the defense line.

However, manpower is sometimes poor. The trouble with Dagong Ding is that except for the people, he has the final say on all the other money, silk, food, and iron tools.

Otherwise, Zhang Sa would not have been allowed to wander around ten states, only to be captured by Aguda when he reached the border of Nuzhi.

Looking at Xiao Tuohui sitting on the chair in front of the bed with a resolute look on his face, Dagong Ding couldn't help but sigh in his heart: "Mr. Xiao, none of the people on your memorial can be moved, they can't be moved..."

The veins on the back of Xiao Tuohui's hands popped: "Is even the envoy going to be like the light? If this national beetle is not cured, can Daliao be saved?"

Dagong Ding finally sighed: "What Daliao needs now is not honest officials, but capable ministers."

"Jun Xiao was trapped by Xiao Xiao. His Majesty finally found an opportunity to revive you, but he did not want you to die together with those corrupt officials..."

"With internal and external troubles, we have to take some time to catch His Majesty off guard."

Xiao Tuohui's expression was heavy: "Your Majesty has promoted me several levels in a row, and now he is in charge of three departments of money, grain, salt and iron. What he sees is shocking."

"I don't want to say more. I think Ming Gong's so-called internal troubles are just a lack of food; his so-called foreign troubles are just a lack of soldiers."

"Today, Liao has the benefits of trade with the Song Dynasty, but the money is enough to use it, but it is poor; there is an iron factory with a daily output of 15,000 kilograms, but the iron is enough, but the soldiers are weak; there is Changchun, Liaoyang, with an annual output of five million kilograms, but the grain

When it is sufficient, the people will be hungry and in chaos."

"Whose fault is this? Where have all these things gone?"

"So you went to check them out?"

"I didn't check them! But the 3.5 million guan Iron Works bonds are sitting there. Plus 50% interest, it's a total of 5.25 million guan! In four years, they must all be cashed in with imported money.

cash!"

"Ming Gong, do you know how much money we still have in our treasury?"

"how many?"

"Now there are only 500,000 guan of imported money, a million guan of old silk banknotes, and most of all, a pile of IOUs!"

"What?! How could this happen? Cough cough cough cough..." Dagong Ding couldn't help but turned pale in shock and coughed in pain.

Xiao Tuohui said: "The most important business of the officials in the southern states now is that when they first take office, they try every means to lend out the money in the treasury and then send it to Zhangzi Island or purchase eagle coupons.

Or loan merchants."

"I heard that on Zhangzi Island today, there is even a business that specializes in managing the assets of our dynasty's treasury and officials, called the 'official pledge business'!"

"No matter who is the governor of the state, they are all profit-seeking businessmen! By the way, most of them were originally from official positions!"

"Such mediocre abuses are eroding the country's foundation. If they are implemented or not cured, we, the Liao Dynasty, will be in danger!"

Dagong Ding said: "But Prime Minister Wang said that the prosperity of the southern states depends entirely on these management skills. The 5.2 million imported money will be divided into five years, which is only one million guan a year."

"Nowadays, the Posuoling Iron Factory produces 15,000 kilograms of iron per day. If you grant 600 kilograms of iron to the people, you can get 3 million kilograms a year. It can be repaid."

"Ming Gong, there is no problem with Prime Minister Wang's algorithm, but how much did he repay? Looking at this situation now, the people will not exchange a large amount until the last year. According to the current state of the treasury, in a few years, it will be able to make a lump sum

Will you take out five million dollars?"

"You and I both know the nature of the bond. It is nominally to raise funds for the establishment of the iron factory. In fact, the iron factory was given as a free gift by the Song Dynasty. We only exempted it from seven years of coins."

"Prime Minister Wang used this name to plunder a huge amount of 3.5 million yuan of people's wealth. After three years of operation, except for the deficit that was still on paper, it was almost completely exhausted. This is called Yin Chi Mao Liang."

"But eating this way has a time limit after all. What will we do then?!"

"Don't forget that water can carry a boat, but it can also capsize it! If you don't treat it now, it will be too late!"

Grand Duke Ding asked: "Is this the case for me in Zhongjing?"

Xiao Tuohui said: "The situation in Zhongjing is better, but it is only superficial."

"Zhongjing was engulfed in civil turmoil, and the accumulation was long gone. The archives and unpaid accounts in the government were all burned, and there was no way to investigate them even if they wanted to."

"It's like starting over with a clean slate. In addition, after Ming Gong took office, he strictly enforced picketing of officials, so there is no such disadvantage for the time being."

"But in the southern coastal states and counties, Nanjing Road is adjacent to the Song states, there are already a pile of IOUs in the treasury. His Majesty organized the army and the people to fight against the Tatars. The people in Changchun and Liaoyang have repeatedly rebelled. In fact, they have been squeezed to the extreme."

"But in the southern states and counties, the officials are intoxicated, the merchants are working for the tiger, and the people are only interested in profit."

"They don't care about the livelihood of the people in the northern part of the country, and they don't care about the golden and white mountains. We are surrounded by enemies on all sides and are in danger!"

"Every time grain is collected and money is demanded, who in the southern states and counties doesn't complain a lot? However, it's not like they don't have money. One state has 300,000 guan, all of which line the private pockets of officials and merchants!"

"Even in the southern states, prosperity is only superficial. The fat ones are the powerful who collude with the officials and reap the dividends from Zhangzi Island."

"Businessmen who are serious businessmen were attacked by the goods of the Song Dynasty and bullied by the officials. They suffered terribly and had no way to appeal. Even Zhongjing, where we are located, has received numerous complaints from Nanjing and Xijing!"

Dagong Ding patiently persuaded: "These are accumulated and difficult to recover. If you want to rectify them, you can only order the officials to pay off the deficit during their term of office, give them a time limit, and slowly return them. Otherwise, there will be complaints, thousands of people will accuse them, and the people will also pay back the debts."

I'm going to be exploited..."

Xiao Tuohui said: "What Ming Gong is worried about is how to clean up this mess. However, if the root cause is not cured, what if the mess is temporarily cleaned up? It will continue to mess up in the future, and it is difficult to satisfy the desires!"

"According to my verification, the final flow of all these official loans points to one place."

"where?"

"Jinzhou, Fengjin Bank!"

Da Gong Ding was not surprised by this answer, but he definitely disagreed with Xiao Tuohui's approach: "This... Fengjin Bank has a deep connection with Prime Minister Wang. Because of its ability to raise money and food, it has stabilized the ratio of imported money to silk banknotes several times.

His Majesty the late Emperor has repeatedly commended me."

"Anyone can touch the Prime Minister, but this Fengjin Bank cannot be touched... Or you should follow the method I told you, first find out how serious the debt is, and then list the ratio..."

Xiao Tuohui stood up and said: "Da Liao is now a dilapidated house. The foundation has been damaged. With so many pastings, the house will eventually collapse."

"Your Majesty's grace, it is hard to repay your ministers with death. Since my emperor has put Tuo Hui in this position, if he discovers the problem and fails to deal with it, he will be incompetent and derelict in his duties."

"Since Liubei is unwilling to sign, I will take full responsibility for this matter and take my leave!"

"Jun Xiao! Wait...listen to me again...cough cough cough..."

However, Xiao Tuohui left regardless.

Grand Duke Ding hurriedly called his family: "There is something big going on in the court. Go and inform the Prime Minister Wang, the Emperor's uncle, and by the way... and the Prince of Lanling County. There is no room for chaos in the court now, there is no room for chaos... Hurry,

Go quickly!"

The family hurried away, and with everyone's help, the Dagong slowly fell back onto the couch, panting.
Chapter completed!