Chapter 359: National highway

Chapter 359 National Highway

ps: The new year is coming, Lancher wishes everyone happiness every day.

Finally, please support me with a ticket!

After finishing the show, Edward returned to the royal palace, Hampton Court Palace.

Currently, in his heart, the most important thing is his three children.

Unfortunately, the three babies still slept obediently. Edward took a few glances and went to his own business.

When he came to his own study, the beautiful secretary Laura was already waiting by the side, looking at him quietly with strange eyes.

Edward couldn't figure it out for a while, so he could only sit on the chair, looked at her, and asked, "What's wrong?"

"Your Majesty, Your Excellency the Speaker of the Privy Council please see me!"

Laura glanced up at him, then stammered.

"Didn't I tell him? Don't look for me if you have nothing to do. It's getting more and more tedious the more you look at it!"

As soon as Edward heard that it was Faris Alexander's request to see him, he became irritable. The speaker of the Privy Council couldn't even part with his daughter. What's wrong with being a secretary? Go down by yourself, and insist that your daughter go down too.

It's strange that an honest gentleman like me has something to worry about.

"Let him come in!" Helpless, Edward was too embarrassed to refuse too much, and waved his hand at Laura.

"Yes, Your Majesty!" Laura gave him a complicated look, then swung her long legs and slowly backed away.

"Squeak—" There was a knock at the door, and an old man with gray and thin hair came in, bent over, with loose skin, thick eye bags, and looked overworked.

"Your Majesty—" Bending slightly, Mr. Speaker saluted.

"Speak! What's the matter!"

Edward straightened his attitude, asked with a faint smile.

"Your Majesty, the House of Commons convened yesterday and passed the Banking Regulatory Regulations. The Central Bank can prepare for it!"

Your Excellency the Speaker spoke word by word, in a serious manner, as if he was reading a book.

"I already know, Your Excellency doesn't need to say it again!"

Edward waved his hand, his tone a little impatient.

"Yes!" Faris didn't take it seriously, and after agreeing, he continued: "However, the deposits in the treasury are not enough at present, and it is impossible to take out so much principal at one time to form the central bank!"

The Royal Bank has developed vigorously in the past few years. Not only does it have its branches in every county, but it has also opened branches in Scotland, Spain, and Germany. It can be said that it has become a behemoth.

If it hadn't belonged to the royal family, it would definitely be swallowed up by those noble gentlemen.

Every year, it brings nearly 50,000 pounds to the royal family.

By virtue of the great discovery of English commerce, the textile industry became the largest gold mine, and many people wanted to enter but had no way.

The banking industry has sprung up like mushrooms overnight, and counting carefully, there are only two hundred companies.

The rapidly expanding banking industry did not establish its own norms as early as the Blacksmiths Association, but grew like weeds.

Seeing this, His Majesty the Great King naturally cannot turn a blind eye to it. Under his wise decision, the Parliament officially began to approve the Banking Regulations.

It's easy to say, there are only a few in total.

Article 1, any bank established in England and Scotland, Ireland and Wales must comply with the supervision of the Central Bank.

Article 2, anyone can set up a bank in the United Kingdom, but the registered capital must reach 10,000 pounds.

Article 3, any bank must pay 10% reserve savings to the central bank to maintain the normal development of the banking industry.

The establishment of a central bank, the establishment of registered capital thresholds, and the payment of reserves are all Edward's tricks to control the banking industry.

The central bank is responsible for supervising the banking industry and issuing currency to stabilize finance.

In order to establish a central bank, Edward handed over the royal mint, united with the central government, and established a central bank.

In the newly established central bank of the United Kingdom, the royal family holds half of the shares, the government occupies three layers, and the remaining two layers are reserved for the nobles of England and Scotland.

As the ruling class, the king eats the meat, and the nobles of course have to share the soup.

Fixing nobles to the royal carriage firmly is Edward's unchanging rule for thousands of years.

The royal family left the mint, and the nobles paid for it. Naturally, the central government was no exception and also paid for it.

"Your Majesty, there are still two months until the autumn harvest time. The current government finances are exhausted, and it is really impossible to spend so much money!"

The entire central bank is valued by Edward at 100,000 pounds. According to the ratio, the central government needs to pay 30,000 pounds as the principal.

"What happened to the central finance? How come there is no money?"

Edward stared into Farris' eyes, looked deeply, as if trying to see through him, and asked.

The Speaker of the Fa was not afraid, and let His Majesty the King watch, very calmly, and said softly:

"Due to the recent large-scale expenditures on road construction, most of the central and local tax revenues have been used to build roads connecting the country, and the rest of the funds have been reserved. The finances are currently unable to provide 30,000 pounds at a time!"

After hearing this, Edward looked away with an embarrassed expression.

The suggestion of road construction was put forward by the young king at the imperial meeting at the beginning of the year.

His Majesty the King put forward a grand prospect, and he requested: within five years, the capitals of all counties across the country will be connected to each other, and there will be a straight and spacious national highway.

The thousand-household districts in each county also need to communicate with each other, and the specifications are lowered.

No matter which county it is in, it takes up to seven days to march from London to the local area.

The specific requirements are that the national road is ten yards wide (each yard is ninety-one centimeters), and there must be a tree every three yards on both sides as a barrier.

In this way, it is really the king who moved Wuhu, and the following ran with broken legs.

From the local to the central, the newly established bureaucratic system began to operate this huge project.

Compared with the past, the speed is much faster. At present, the bureaucratic system is still performing well.

The central and local finances also use most of the tax revenue for road construction.

Building roads to communicate across the country can effectively break the geographical isolation of England, promote business development, and increase national power.

More importantly, it can enable the army to effectively suppress the whole country, achieve the role of centralizing power and maintaining rule.

Such a huge project naturally consumes a lot of money, and the labor is also in the case of money.

Although the central government currently obtains a large amount of tax revenue by tightening local finances, the annual treasury revenue has reached 300,000 pounds, and it is still growing rapidly.

However, subsidizing half of the road construction fees still makes life difficult for the central government.

"In that case, let's postpone the payment for two months!"

Edward knew it was because of his own reasons, so he chose to be considerate of the central government's difficulties.

"This is really a wise decision, my lord!"

Faris finally showed a smile and gave a compliment. It seems that his goal has been achieved.

"You—" Edward wanted to ask about his daughter's work as a secretary, but seeing his wrinkled face, he stopped talking.

"Your Majesty?"

"It's nothing, you step back!"

Also, starting from next month, Lancher plans to come to two chapters a day, one outbreak, rewards, votes, come as much as you want!

(end of this chapter)