As mentioned earlier, the Bank of England, which handles financial problems for the British government, has only about 2 million pounds. This is also the total reserve custodian of the entire London and even the entire UK and Europe (no legal constraints, but a fact has been formed). The huge cash demand may have an impact on the financial credit of the entire UK. Purchasing a quarter of the shares of the British Telegraph Company is not only a financial problem, but also a financial operation problem. The Bank of England needs time to formulate a suitable method of issuing money, not to mention, the country

Under the pressure of Mr. Downing's donation of 1.5 million pounds, a huge sewer construction plan must be formulated. This is another million major project. The Bank of England is facing huge financial pressure. From July to November, four months have passed. Downing has to continue to impose it, saying that if he does not pass the governance budget, he will recover the donation of 1.5 million pounds. Just kidding! 150 pounds is almost half a year, and it will cost 670,000 pounds to collect interest at 10%. I'm asking you to waste it, and I will withdraw the donation.

British Chancellor of the Exchequer Viscount Halifax and Charles Wood personally visited the local tyrants to express their difficulties to the local tyrants and brought a package of solutions. It is said that if the local tyrants follow his plan, there will be various benefits, and both fame and fortune will be gained.

Wood estimated that money was just a number for the rich, so he focused on "name". His main purpose was to invite Downing to serve as a public office, not only one, but also four major public offices, one was the chairman of the London Sewage Treatment Committee, the second was the director of the Bank of England, the third was the director of the East India Company, and the fourth was the director of the South China Sea Company.

First, the chairman of the Sewage Treatment Committee. This is easy to understand. Everyone in London knows that Downing is the person who most wants to manage London's sewers. He threw 1.5 million pounds away with a slap in his forehead. How heroic. No one has any objections to this title.

Second, the director of the Bank of England. This sounds very honorable, but anyone who knows a little bit of financial knowledge knows that a central bank like the Bank of England cannot make a lot of money, because it is actually the ultimate lender of all British banks. It must have sufficient reserves, which can reach 40% at extremes, and commercial banks generally have much less. Only by lending money can it make money. Becoming a director of the Bank of England, only people like the Rothschild family who have too much money will do. The discount rate (interest rate) is not the final say of the director, and the president is a public office. And you see, the bad guy, the Minister of Finance, has also divided Downing's money into so many companies, making it even less likely to become an influential director.

Third, the director of the East India Company. This is even more terrible than the director of the Bank of England. When the East India Company was the best, its income exceeded that of the UK's national fiscal revenue, but it was all the old calendar. With the uncontrollable spread of colonial expansion, the management of colonies and constant wars made the East India Company run out of life, and fiscal crises continued to arise. As early as 1770, when the Bangladesh famine was in great shape, one-third of the local population was starved to death, labor shortages, and trade was almost interrupted. In addition, the economic depression in Europe, the East India Company was almost bankrupt, and it was not really bankrupt by seeking help from the British Parliament.

Later, the Tea Act of 1773 made the East India Company pursue a monopoly of tea trade in North America, resulting in the Boston tea sacrificial incident of the United States' independent Boston tea sacrificial incident. Finally, this "most powerful underworld in history" was completely controlled by the British government in the process of continuous walls. After the British government controlled the East India Company became a branch of the government, and the Indian governors were more ambitious than the other. In order to control India and Nepal, they launched one war after another. As a result, the East India Company fell into a financial crisis again. When they asked the British government for help again, they lost the most important lifeline, the tea trade monopoly of India and China. Jardinet Foreign Company became a Chinese-British trade tycoon because of the ambitions of these governors.

In 1833, with the deepening of the industrial revolution, monopoly trade was repeatedly despised. The East India Company not only lost all its monopoly power, but even its commercial function was deprived because you could not be an Indian government and an Indian businessman. This was unfair to other British merchants. The government established an Indian Control Committee, which almost stripped the power of the original directors of the East India Company. However, the reason why the East India Company did not die was that they found a very good trick to exchange for Chinese tea - controlling the opium source in Sri Lanka and then selling it to China and other places (I don’t know how they broke through the commercial function prohibited by law, and smuggling is not considered commercial?), but he could not monopolize legally, which made Jardinet find the place of origin of opium in central India, endangering the opium profit of the East India Company. This is the current status of the East India Company.

As Tang Ning became more and more aware of all this, as he became more and more aware of the local customs in London, the Chancellor of the Exchequer did not intend to conceal him.

Fourth, the director of Nanhai Company. This last director, especially a scholar, is intolerable. This is simply a scam. Nanhai Company is the protagonist of the famous "Nanhai Bubble" in economic history. The term bubble economy originated from this big scandal. A company that is about to go bankrupt actually asked me to be a director? Does the Finance Minister still have human nature? Do you treat the biggest philanthropist in history like this?

Together with the Bank of England and the East India Company, the three famous state-owned enterprises in the UK. The East India Company is famous for its monopoly in India, while the South China Sea Company is a monopoly in trade with South America. But the South China Sea Company is simply a scam. The East India Company is a real monopoly in India, and the South China Sea Company does not control South America. They are all territory controlled by the Spanish. The supporters of the South China Sea Company (including a group of nobles, big merchants, parliamentarians, ministers of the Chancellor, the entire Conservative and Unified Party) deceived the shareholders and lied that they had reached a monopoly trade agreement with Spain, but in fact the Spanish only allowed the South China Sea Company to send three ships to South America every year! In this way, it was lifted after Spain and Britain became illegitimate.

Due to large-scale government deception, the people who don’t know the truth have sought after the stock of Nanhai Company from 128 pounds to more than 1,000 pounds. In this process, Nanhai Company adopted a very interesting method, saying that you can exchange British government bonds for our stocks. This initiative to increase the liquidity of government bonds has caused the stocks of Nanhai companies to rise steadily, and to the point where the whole nation trades stocks. Some people described "politicians forget politics, lawyers give up lawsuits, doctors throw away patients, shop owners close shops, pastors leave the altar, and even noble ladies put aside their arrogance and vanity."

As the government took the lead in releasing fake news, the entire UK financial market has fallen, and countless joint-stock companies have bragged about their money-making bulk transactions to attract investors to buy their stocks. The government has to attack these scammers, but the government itself is the biggest scammer. The secret investigation team of the House of Representatives used a third-party accounting review method to investigate the Nanhai Company for the first time and exposed the government's conspiracy.

After the conspiracy of the South China Sea Company was exposed, the share price fell back to 124 pounds, and all the directors' property was confiscated and some living expenses were returned. After the government's credit bank went bankrupt, the share price that affected the Bank of England was cut in half. Rabbi Ais was forced to resign as the Prime Minister of Finance in January 1721, and was later prosecuted for "the most infamous, dangerous and extremely evil corruption". By March, he was convicted by the House of Commons. In addition to being discharged from the House of Commons, he was also sentenced to imprisonment in the Tower of London. The Director of the Post and his son, the Minister of the South, died of depression after being scolded by the whole country.

It is worthy of being one of the three major state-owned enterprises. After the bubble, the Nanhai Company did not go bankrupt and also had assets of 40 million pounds. However, the Nanhai Company did not develop in South America's trade business since then. It was mainly a company that assisted the government in handling debts. In 1750, the Spanish government provided the company with 100,000 pounds to the company to cancel some of the company's trade discounts in South America. Since then, the company withdrew from its trading business, but the remaining trade discounts it enjoyed were not revoked until 1807.

The current Nanhai Company is a company that deals with debts. The bigger it is, the more embarrassing it!

The British government has decided to invest a total of 3 million pounds to manage the London sewer. Due to Downing's generous donation, they only need to be responsible for 1.5 million pounds. After that, a total of 4.5 million pounds have been required recently. A part of the Navy's military expenses, part of the special government bonds, and part of the government budget. I don't know where the miscellaneous stocks of the Bank of England, East India Company and South China Sea Company were packaged with a total of 1.3 million pounds to "give" the rich man, and these stocks cannot be sold immediately.

Such a weird gift package, do you think it’s annoying?

Tang Ning didn't understand: "Why did I accept such a financial plan? I'm crazy?"

Congress gave him the money after 4 months, so he was not in a hurry to use the money. Otherwise, he would have sued Congress for a long time. After waiting for it for 4 months, he actually sent such a gift list, with only 200,000 yuan in cash? 1.3 million yuan is all stocks that cannot be moved within a year? Well, it is more reliable to hire a barrister, or BT will not be sold.

The Chancellor of the Exchequer smiled and said, "These are reliable properties second only to public debts. The only thing that is worth worrying is that you will need a year to circulate. This is indeed unreasonable. The Prime Minister decided to recommend you a noble title to the Queen to show your support for the country and London!"

What title is this? Duke? If it is a duke, you can consider it. Although it is a state-owned enterprise stock that does not make a lot of money, it is valuable at least. At worst, the matter of steel mills will be put a year later, or the Situo Garden will not be bought.

The Finance Minister said: "Baron..."

Humph, please use this most recent title to fool me.

Minister of Finance: "Well, you always need to get promoted step by step. Mr. Windsor is so young and has a bright future. Maybe it won't take long to get promoted again... Becoming a noble is a good thing that many people dream of. Don't you want to be proud of your ancestors and be blessed with your descendants?"

This...a little baron is nothing great, well, this is like this: "If the cash is to increase to 400,000, the baron is as easy as possible."

Finance Minister: "How about 300,000?"

Tang Ning struggled for a long time and finally said, "Give me another public office."

Finance Minister: "Hmm? What?"
Chapter completed!