Beiyang reactionaries

Have you counted the money carefully?

This is Dai Kan's second question.No matter how good the development plan is, if it is not linked to money, it will be a castle in the air.To develop any industry, if you don't have money, it is impossible to develop.In any industry, if you want to really develop, you need to invest real money in it.

Especially industry.

The funds required for industrial development are beyond the imagination of people in an agricultural society.Of course, after the development of industry, the power that emerges is beyond the imagination of agricultural countries.

When Dai Kan read the report from the Ministry of Industry just now, he had already silently calculated a battle.

According to the plan of the Ministry of Industry, within the next five years, the Ministry of Industry must invest at least 10 billion silver dollars in this plan.In other words, this plan requires an investment of about [-] million silver dollars from the state treasury every year.

Not to mention anything else, just to build a steel plant with an output of [-] tons, tens of millions, hundreds of millions of funds need to be invested.Because the construction of a steel factory is not just about building a steel factory.

Iron and steel plants must have their own supporting industries.In order to build a steel factory, it is necessary to build an iron ore factory, a coal factory in the surrounding area, a power plant, and a well-developed transportation network.

Moreover, there are many workers in the steel factory, and you must also create a place for the workers to live, a place for the workers to live.

If the output of steel mills is to increase, the supporting industries must also be upgraded accordingly.Therefore, the construction of a steel plant and the development of a steel plant cost an astonishing amount of money.Similarly, once a steel factory develops, it will drive the development of a city.Now the Ministry of Industry proposes to increase China's steel production to more than 300 million tons in five years' time.

How much money does this require.

It's all about money.

And the coal chemical industry.

Is import enough?

How to build a factory and how to operate it requires a lot of money.

There is a lot of work for the cabinet at the moment.

At present, the bulk of the finances are military expenditures and infrastructure construction.At present, China's military expenditure for one year, if the army's arsenal, shipyard, aircraft factory, military academy, China Military Academy, China Equipment Research Institute, and the resettlement of disabled soldiers are all included, it will consume financial resources every year. About 40.00% of that.

This is the ratio after the cabinet has controlled the customs, confiscated a large amount of Japanese property in China, and confiscated the surge in Kailuan coal mine revenue.

In the past, military expenditures accounted for half of the cabinet.

You can know how much military spending is spent every year.

Then there is the infrastructure.

The construction of railways and roads, including the construction of shipping terminals in coastal areas and inland sea areas, also requires massive investment in these constructions.The major railway projects currently underway include the Longhai Railway to be extended to Xinjiang, and the Jinglun Railway (from Beijing to Kulun) and so on.

money?

The cabinet is short of money.

Although controlling the customs and confiscating a lot of property, the current fiscal revenue has surged to about 12 billion silver dollars, but it is still short of money.The cabinet is woefully underfunded compared to what the cabinet wants to do.Has the Ministry of Industry ever made a budget for such a huge development plan.

An investment of [-] million silver dollars per year?

It accounts for one-sixth of the fiscal budget, plus military expenditures, infrastructure construction costs, administrative costs, education costs, and the current annual loan repayment to the great powers.

Definitely a fiscal deficit.

And it is a serious fiscal deficit.

"Prime Minister Dai, we have done detailed calculations."

While talking, Liang Huankui asked the staff of the Ministry of Industry to issue a new document.This document is a bunch of data, which makes people dizzy.

So Liang Huankui didn't take it out just now.

It is only a preliminary meeting at present, and this plan needs more demonstrations before it can be passed.After all, it is only mid-October, and there are still about two months before the end of 1923.

So no financial budget was handed over.

But now Dai Kan wanted to see the accurate financial budget, so Liang Huankui immediately took it out.Duan Xun also took it and took a closer look. The Ministry of Industry has indeed made a very detailed financial budget.

Including how much money the government finances.

If some factories are built in certain provinces, how much should the finances of certain provinces pay.Even for the construction of some factories, detailed calculations have been made.

How much is the machinery and equipment, how much will the plant construction cost, and so on.

Overall, the Ministry of Industry really made a very detailed plan.

"Director Liang, in addition to exchanging resources for machinery and technology, there are so many machinery and equipment that need to be imported. Does the current finance have so much foreign exchange?"

Dai Kan is serious.

After reading the report carefully, I still raised my own doubts.

Because the Ministry of Industry listed a lot of machinery and equipment to be imported, and the approximate prices of those machinery and equipment were also listed.Dai Kan is the first vice premier, and he is well aware of the current financial situation in China.

Where does the country have so much foreign exchange now?

According to the data listed here, in the next five years, in addition to the machinery and equipment imported from abroad, in addition to the machinery and equipment exchanged for resources, more than [-] million silver dollars in foreign exchange will be used.

In fact, most of China's foreign exchange is controlled by those foreign banks, because they have controlled China's foreign exchange business for half a century.Even the foreign exchange of the Chinese government used to be stored in foreign banks.That's why Bank of China built China Commercial Bank to snatch foreign exchange business from foreign banks.

"Let me tell you about this."

Wang Yongjiang spoke suddenly.

Everyone looked at Wang Yongjiang.Wang Yongjiang said: "Prime Minister, we do lack the necessary foreign exchange at present. But the lack of foreign exchange in our hands does not mean that we lack foreign exchange in China. There is a lot of gold, silver and copper flowing in China, and the amount of gold, silver and copper in the hands of many Chinese banking institutions Not a lot. As long as we can collect the gold, silver and copper, there is actually no shortage of usable foreign exchange in our hands."

"If we use the money, how will we pay when something happens?"

Duan Xun understood what Wang Yongjiang meant.

Wang Yongjiang wants to use banknotes to collect all the gold, silver and copper from the domestic folk.Treat them directly as foreign exchange, and use these things to buy foreign machinery, equipment and technology.

At present, there are many currencies recognized internationally.

The currencies of some old imperialist countries are internationally recognized currencies that can be circulated internationally.Such as the pound sterling, the franc, the US dollar, and even the Japanese yen are also international exchange currencies.

It's just that Japan's economy has not been very good in recent years, and Japan has wantonly depreciated the yen's exchange rate in recent years for the sake of exports.Moreover, Japan lost the war some time ago, a major earthquake occurred, and the "Sino-Japanese Treaty of Nanjing" was signed, which stunned many powers.These factors together, seriously affect the exchange rate of the yen.As a result, the exchange rate of the yen is falling extremely fast, and the falling speed is too fast.Countries such as Britain, the United States and France have been greatly affected.Therefore, in a rage, these countries kicked the yen out of the ranks of international currencies.

In addition to the currencies of these countries, metal currencies such as gold, silver and copper, especially gold and silver currencies, are the most common international currencies.At present, many countries in the world adopt the gold standard and silver standard.

So gold and silver are currently the most common currency.

If China has a lot of gold, silver and copper, then these are the best foreign exchange.

But Duan Xun frowned.

Although Wang Yongjiang and Zhang Jiaao said that China's issuance of banknotes should be the issuance of credit currency, and the country's credit should be linked there.But even if it is a credit currency, there must be collateral.