Chapter 87: Internal and External Separation

Chapter 87: Internal and External Separation

TL: Etude

On the morning of September 27th, Paul Grayman was in his office, flipping through a report sent from Port Fran.

This report detailed the information of merchants who were interested in collaborating with him.

After Paul convened a meeting with the merchants in Port Fran, many immediately signed up. In the following days, more people came to the Administration Council to express their willingness to respond to the lords call.

However, the members of the Administration Council advised that it was not wise to hastily share production techniques and craftsmanship. It was necessary first to assess whether the applicants had the requisite qualifications by examining their credibility, financial strength, and other factors. Otherwise, a failure in business could negatively impact the lords reputation.

Paul agreed with this suggestion and ordered a thorough investigation of the applying merchants by the Port Fran Administration Council.

After several rounds of careful selection, it was confirmed that in the near future, 3 salt fields, 5 canneries, 6 paper mills, and 8 porcelain factories would be established in and around Port Fran.

The cannery invested in by the lords manor was also starting construction near Lakeheart Town. It was believed that soon, a large number of canned goods could be sold to the kingdoms army fighting in the south.

Interestingly, the authorized merchants, crying and pleading, insisted on giving a certain percentage of shares to the lord. Seeing their persistence, Paul graciously accepted. In addition to collecting taxes and technology usage fees, he would now also gain a share of the profits.

It seemed that these merchants were still a bit wary of him.

At that moment, he suddenly remembered something and called out, Bernard.

His chief secretary immediately entered the room and approached his desk, asking, What do you require, Lord Grayman?

Paul instructed, Gather the steward Ford and the heads of the Administration Council at the lords manor. I have some announcements to make.

As you command, the chief secretary replied, turning to leave. As he was opening the door, Paul called out to him again, Wait, first bring me Butler Philip.

Butler Philip soon arrived at Pauls office.

Since Bernard became the chief secretary, the old butlers workload had lightened considerably. He now primarily handled domestic matters within the manor.

Paul stood up, facing the butler and gesturing towards a chair in front of his desk, saying, Philip, please take a seat.

This Butler Philip was momentarily stunned, as it was unheard of for a master to make such a gesture to a servant.

But why was the count so solemn all of a sudden?

Seeing the butler calm down, Paul breathed a sigh of relief and then said:

I called you here for another matter. Although its not about dismissing you, I was worried you might take it hard, so I decided to talk to you first.

As long as Im not being dismissed, Philip said earnestly to Paul, Lord Count, you are the master, and I am the servant. I will follow your commands.

Then Ill speak

Uh actually, its about the manors finances. Im thinking of separating them into internal and external funds. The internal funds will still be managed by you, while the external funds will be handled by the Administration Council.

Hearing Pauls words, the old butler sounded almost pained, as if he had done something wrong, asking in a strained voice, Lord Count, did I make a mistake in the accounts?

Paul reassured him, Of course not. Every time Ive checked the accounts, Ive never found any errors or omissions. Youve managed the finances excellently.

Hearing the counts words, Butler Philip felt somewhat relieved.

In Pauls view, the manors income mainly comprised two aspects:

First, the taxes from the territory, including agricultural and commercial taxes, along with various other unique and diverse levies;

Second, the profits from the Grayman familys various enterprises, including produce from farms and profits from factories and shops.

Both sources of income were unified in the manors treasury.

Similarly, the expenses also fell into two categories:

First, the private living expenses of the lord, including Pauls personal needs, maintenance of the manor castle, and salaries for the servants;

Second, public affairs expenses within the territory, including salaries for officials, military expenditures, and infrastructure projects like bridges, roads, and canals.

The funds required for these expenses also came from the manors treasury.

On a daily basis, personal expenses of the lord were directly managed by Butler Philip, who handled procurement and paid the servants from the treasury.

Public affairs expenses were budgeted by the responsible officials and then submitted to Butler Philip. For large amounts, the butler would report to Paul for approval. Upon Pauls agreement, funds were taken from the treasury and given to the relevant officials. For smaller amounts, Philip took charge and disbursed funds directly, later presenting detailed accounts to Paul for review at the end of each month.

However, with the increasing variety and amount of income and expenses, Paul felt it was time to adjust the financial management of the manor.