Chapter 81： Government Treasury Bond (4000 words large

After giving medals to those who helped the royal family make money in the rubber crisis, Edelel considered how to use the money. After deducting the final payment of 420,000 pounds to the power plant, there is also the Ploiesti Machinery Plant's 630,000 pounds, and there is a profit of 1.21 million pounds. While the crown prince was thinking about how to use the money, someone called up the idea of ​​the royal coffer.

at the house of Prime Minister Sturlier. He and his nephew Karatuuli are discussing the results of the crown prince in the study. As the leader of the ruling Liberal Party, Stullier is not only the chief steward of the kingdom, but also takes into account the interests of the party. (The other big party is the Conservative Party. Romania is now also a multi-party system, but the basic ruling party is the exchange between the Liberal Party and the Conservative Party.)

"Uncle, the government's finances are too difficult now. Do you want to find the royal family to find a way? I heard that the crown prince has recently sent a large sum of money." Karaturi suggested to his uncle who was in financial distress.

"I probably know something about this, it should be an income of more than 2 million pounds." Sturlier did not respond directly to his nephew's proposal.

"Uncle, now the Bredian gang in the party has been linking up, I guess they want to disadvantage you, uncle." Karaturi expressed his concern.

Bredianu is another magnate of the Liberal Party. He is the nephew of the late founder of the Liberal Party, Jan C. Bredianu, and has a large number of supporters. However, Steurier was not a vegetarian. After the death of the old Bredianu, he kept suppressing his nephew. In the original history, if it were not for the peasant uprising of 1907, he could not have replaced the old prime minister.

However, due to the role of the little butterfly, Edel, there was no qualifying line for the 1907 uprising. Now that the old prime minister is still in power, he can only stay dormant. It's just that the old prime minister's support for the crown prince to reorganize the army and industrial construction caused the government's fiscal deficit to soar. It was considered by Bredianu as an opportunity, and he began to link up the party in an attempt to seize the position of party leader. All of these were seen by Sturlier.

In fact, there has always been a voice in the Liberal Party that the old prime minister is too obedient to the royal family and has not achieved the prime minister's proper status. Steurier dismissed these remarks because he knew well that it was time for the kingdom to change power, and the old King Carol I wanted to gradually hand over power to Crown Prince Edel. During this period of time, anyone's irrational behavior will lead to royal reprisals. A political party without royal support in Romania will not have the basis for governance.

"I will consider this matter. In Karatu, you have to follow in the footsteps of the crown prince. I don't think you will have much time in power." The old chief told his nephew what he thought.

"Uncle, you can actually do it for several years, and you can consider delaying it for a while." Karatuuri was obviously surprised by his uncle's thoughts.

"This is an idea that I have considered. I have been working for almost ten years, and it is time to retreat. Otherwise, everyone will be dissatisfied with me. By the way, it can also lay a good foundation for you in the future." He explained.

After Karaturi heard what his uncle said, he naturally knew that he could not do anything. For him, the period when his uncle was prime minister was smooth. Now my uncle plans to retire this year, so how to position himself will be a problem.

"I will respect my uncle's decision." Although Karaturi said so, there was still a trace of loss on his face.

Who is Sturlier? You can see the unwillingness of his nephew at a glance. Looking at his a little lost nephew, Sturller comforted. "I still have some time to retreat. If you want to continue to lead the family forward, you can't be discouraged."

Facing the encouragement of his uncle, Karaturi cheered up. "Please rest assured, uncle, I will bring the family back to where it is now."

"I believe you."

After sending away his nephew, Sturller sat on the chair, and his nephew's rhetoric Sturller knew that it was not easy. Even if he is now Minister of Industry, it seems that he is very close to the Prime Minister. In fact, after he retires, he will realize that it is impossible for at least 15 years.

Just now, he can't overwhelm his nephew's confidence too much. He has seen too many mistakes in the family after he retreats from a high position. It's much better than their own family, at least there is enough friendship with the crown prince, and Karituli is also useful to the crown prince now, not bad.

Early the next morning, Prime Minister Steurier took a car to the Prime Minister's Office. When he walked into the office, the secretary Feiyangscu stepped forward and told him. "Your Excellency, the army is here to urge funding again. It said that we should have allocated 8 million lei at the end of last month, but so far there has been no movement."

"What did Li Sterling say?" Sturlier asked the secretary. Feijanscu knew what the Prime Minister meant and answered. "The Minister of Finance said,'After deducting the emergency funds and daily expenses that cannot be used, there are only 2 million lei in the account. Moreover, the Minister of Finance is not optimistic about the issuance of government bonds. The main exception is that Germany does not support us in issuing government bonds. It’s not a good time, and time is too late.’ And there are still three months to collect the autumn agricultural tax. Now the Chief of Staff Puleshan is sitting in the lounge waiting for you."

After hearing the secretary's words, Sturlier also secretly troubled his brain. Now that Britain, France, and Russia are all right, Romania's cooperation with Germany and Austria in the Bosnia and Herzegovina region has become a big issue. It would be a ghost if they could still issue national bonds in the financial markets of the three countries, and Austria-Hungary and Romania were recently in Lante Sivalia, also because the local Romanians were unhappy because of the oppression. The only Germany that can help them, because the battle with Britain on the Dreadnought is also financially strained. Now the domestic financial market can't meet the government's needs at all, so I can only live a hard life by pulling up my belt.

Thinking of this, Prime Minister Steullier can only reassure the first man in the military for a while, thinking of a way to solve the financial problem.

"Bring me the Chief of Staff here." The old prime minister said to the secretary.

Feyancecu, who was instructed by Sturlier, went out to invite Puleshan, and soon Puleshan pushed in.

The chief of staff stated his purpose straightforwardly. "Your Excellency, I am here for the payment last month."

Facing Puleshan’s straightforward speech, Sturlier said without haste. "General Puleshan, the government can't get this money now."

Facing the Prime Minister so scornful, Puleshan almost couldn't help cursing his mother. Whoever dared to talk to him like this in the army was kicked out of the army a long time ago. But fortunately, knowing that the Prime Minister's Mansion is holding back here, so he was polite and asked directly. "When will I get the money?"

"Now I can only wait for the agricultural tax to be collected in three months." Sturlier replied slowly.

Puleshan almost skipped his feet when he heard that it would take three months, and directly refuted it. "This won't work. After a month, the army's salary will not be issued. Do you know the consequences?"

Puleshan breathed a sigh of relief and said the bottom line of the army. "I will see the funding for at most half a month, or I will send the soldiers to the Prime Minister's Office to receive their salary."

After speaking, Puleshan strode out of the prime minister's office, leaving behind a group of people attracted by the quarrel. The news about the quarrel between the prime minister and the chief of general staff came out. Edel got the news at noon and was surprised at the government's financial embarrassment.

At Stullier's house in the evening, Karaturi was also asking the old prime minister about what happened in the prime minister's house this morning.

"Why did my uncle have a fight with General Puleshan? It is not good for us."

Facing Karaturi’s question, Sturlier looked at his nephew, whether it was a young man inexperienced after all. The old prime minister sat on the armchair with his hands on his abdomen, and asked his nephew calmly. "Are you surprised?"

Seeing that his uncle was calm and not like someone who had just quarreled in the morning, Karituli was a bit difficult to answer.

Seeing that there is still a nephew who is a little confused, Sturll can only explain why he did it. "General Puleshan is here this time. I spread the news the day before yesterday that the government has insufficient funds to reduce the cost of reorganization of the army and complete the reorganization after a year."

Karaturi looked at his uncle, but he didn't expect it to be such a result.

"Why do you use this method?"

Faced with his nephew’s question, Sturlier continued to explain. "No, Puleshan will not come over, otherwise the news of a quarrel between the army and the highest level of the government will not be spread so quickly. How can I use enough reasons to ask the crown prince for the money? ."

Looking at his uncle in front of him, Karaturi suddenly felt that he still had a long way to go. But I still asked a little bit puzzled. "Uncle, how are you sure that General Puleshan will come."

Facing his nephew’s question, Sturller said with a smile. "Because he is a smart man, this matter is also good for him."

Hearing his uncle's answer, Karatuli was still a little confused. Seeing that his nephew is still a little confused, the old prime minister can only elaborate. "Puleshan was known for his calmness 20 years ago. Five years ago, his temper became stronger and stronger. Don't you think it is strange? This time I gave him such a good stage, and he will definitely come over."

Hearing Sturlier’s explanation, Carrituri was surprised at his uncle’s ingenuity.

Seeing his nephew’s surprised expression, Sturll continued. "But this method can only be used once, and it is only when I am about to retire. Otherwise, the king will be unhappy."

"Uncle, you mean..."

Sturller nodded to his nephew, indicating that he was right. "Yes, this method cannot be hidden from the king. But I am going to retire, and he will not be too careless. After all, I have no credit and hard work."

Early the next morning, Stullier came to the palace to see Crown Prince Edel.

"I have seen your Highness."

Edel looked at the Prime Minister in front of him and asked. "I don't know what's the matter with your Prime Minister coming to see me?"

"Now that the government's capital cannot be turned around, I want to issue national debt."

Edel has known for a long time that the Prime Minister and the Chief of Staff had a big quarrel at the Prime Minister’s Office yesterday over funding. He also learned that the government did not have enough funds, and the purchase rate of Treasury bonds was low. This time I was specifically looking for him to report on the national debt, and I was afraid that he had taken a fancy to the funds in his hands. After all, there is no precedent in Europe for the royal family to lend money to the government, and there are examples to be found when accommodating is changed to buying national debt.

Even though he knew that it was not a last resort, the Prime Minister would not use this method. Edel was still a little unwilling, and planned to ask again. "Is there really no other way."

"His Royal Highness really has no choice but to issue treasury bonds, otherwise it will go bankrupt if the collection of agricultural taxes is maintained for less than three months." Sturlier also said with a rogue face, even though he can change his calculations. No money.

After hearing what the Prime Minister said, Edel said after thinking for a while. "You can issue a batch of two-year treasury bonds of 25 million lei, but it requires an annual interest rate of 10%. I heard that the Navy intends to purchase a two-thousand-ton cruiser, and it should be supported.

Facing the crown prince’s bid, the prime minister was unambiguous when he cut the price. "The annual interest rate of this national debt is too high. If the annual interest rate is 5%, the navy does not need such a large ship. A 500-ton warship would be good."

"This can't work. Coastal defense is also the key to Romania. A two thousand-ton cruiser can guarantee the safety of Romania's seas and territories. The annual interest rate can be lowered. 8% annual interest rate is very reasonable." Speaking of. I don't know who it is. Over the years, the Navy has not increased funding.

After some bargaining, the Prime Minister finally got the result. The 25 million lei national debt is issued at an annual interest rate of 6%. The navy can obtain part of the funds from this national debt to purchase a two thousand-ton cruiser to supplement the fleet.

After the crown prince got the results, Sturril returned to the Prime Minister's Office non-stop to discuss issues with the Minister of Finance. On the third day, the Romanian government issued a batch of two-year bearer treasury bonds worth 25 million lei to the domestic securities market. The annual interest rate was enthusiastically purchased at ~www.novelhall.com as soon as it was put on the market. Within a week Just sold out. The largest purchaser is the Industrial and Commercial Bank of Romania, which bought 81.6% of the national debt, which is baffling.

Eder listened to the President of Industrial and Commercial Bank of China, Wariochi, in the palace, reporting the results of this time.

"His Royal Highness, we purchased a national debt worth 1.124 million pounds, including bank funds of 500,000 pounds and royal funds of 62.4 pounds."

After listening to Wariochi's return, Edel thought that fortunately, there are banks that can help purchase the national debt, otherwise all the money earned will be lent to the government.

After negotiating terms with Sturlier, Edel did not intend to use all the royal funds. As a royal industry, ICBC should also contribute. After returning the bank's 1 million pounds, there is no pressure to ask Warioch to buy 500,000 pounds of national debt. With the remaining funds, Edel can do something else.

While Edel was listening to the purchase of national debt, Carol I was also listening to the report in the office of the old king. It's just the report of Milock, the secret probe.

"Your Majesty. After our investigation, the Prime Minister and the Chief of Staff had no contact before. It should be the Prime Minister's own temporary decision."

After listening to the secret probe report, Carol I asked again. "Is it reliable?"

"It's completely reliable. We found out the news four days ago. It took four days to recheck to ensure reliability."

"Go down."

After Miloc retreated, Carol I let go. The actions of the Prime Minister and the Chief of General Staff made him very worried. That's why he asked Milok to investigate. In front of rights, no one can take it lightly. This is the tradition of the Hohenzollern family, and the old king will certainly not forget it.