As Mi Youren brought back the straw-signed agreement to divide the South China Sea from Kaifeng Prefecture, the issue of how to establish a vassal state in Nanyang was put on the table.

The agreement reached by Mi Youren and Ji Yi was like this: Java Island, which is rich in grain, is divided into two parts, and the east is Song and the west is Zhou.

The Golden Waterway, the Three Buddhas and Qi Straits, is also cut in half, and the north is Song Dynasty, and the south is Zhou Dynasty, and the Singzhou Island belongs to the Song Dynasty, and is nominally Zhaojiapo. But in fact, the Ji family must be the one who takes charge!

The former capital of the Three Buddhas and Qi Kingdom, also known as the Ba Nei of the Old Port, and the Port of Aceh, which guards the west entrance of the Three Buddhas and Qi Strait, belongs to the Great Zhou Dynasty.

Borneo east of the Sanfoqi Strait was divided into southern Zhou and Northern Song dynasties.

Luzon's Great Island belongs to the State of Zhou, and Ceylon's Great Island west of the Sanfoqi Strait belongs to the State of Song.

The remaining areas of the Southeast Asian region, including Champa, Zhenla, Bagan and other countries, as well as other islands in the Southeast Asian region, are allowed to operate freely on the first-hand basis!

Western places (excluding Ceylon Island) also allow the two countries to act freely, and are also first served.

The above are the "Noble" "Kimi Colonial Agreement". The great colonists Ji Yi and Mi Youren were also infamous for thousands of years... They were despised by peace-loving people all over the world, including the Chinese people.

Wu Haogu, who also loved peace, did not realize how severe disaster the "Jimi Colonial Agreement" would bring to the people of the Southeast and Western countries in the autumn of the third year of the Great Zhou Republic.

Therefore, he was very satisfied with the principle agreement reached by Mi Youren and Ji Yi to divide the Southeast Asian countries and Western countries.

Especially I am very satisfied with the terms of getting half of Java Island and the entire Sanfoqi Island, even if Mi Youren gave up the core of Sin Chew, the Nanyang Protectorate, so it is very worth it.

Because Sanfoqi Island located on the south bank of the strait can also control the strait, both the Qia and the old port are likely to develop into "Zhaojiapo Second". The fertile fields in the western part of Java Island are the foundation of the Great Zhou Republic in Nanyang.

Moreover, Wu Haogu still clearly remembers that the Dutch East India in history took Batavia in the western part of Java as its large base, and gradually extended its tentacles to Taiwan Island and Japan.

If the Netherlands hadn’t had too weak local power, these sea coachmen would not have known how many years would they have been arrogant on the sea surface in the east!

"We are built in Nanyang City on the western end of the north shore of Java Island. We choose a place with excellent harbor and relatively comfortable climate to build a castle, commercial port, and harbor... from Annan Province, we must mobilize an army to settle in, and we must completely eliminate the nearby indigenous robbers!"

Wu Haogu stood in front of a large map of the Nanyang Islands hanging on the wall of the inner hall of the head of state with his hands behind his back, expressing his opinions proudly.

"Head of the People's Republic of China, is this city the direct territory of the Great Zhou Kingdom in Nanyang, or the capital of the vassal states?"

"Of course, it is the direct jurisdiction of the Great Zhou Kingdom, and will be the capital of the Nanyang Province." Wu Haogu said confidently, "This place and Aceh Port must be directly under the Nanyang Province.

As for the capital of the vassal states, you can choose to build another city in the old port or slightly east of Java Island. You can also establish two feudal states, one on the Sanfoqi Island and the other in the western part of Java Island."

Wu Haogu thought about it and said, "I'm afraid the government won't have that much money to develop two cities on Java Island at the same time, right?"

Zhang Xizai replied frowningly: "Head of the People's Republic of China can't even squeeze out the budget for developing a city!

The depression caused by the money-induced change in Song State continued, and the fiscal revenue of the government of the government decreased by more than 20%. The Battle of Goryeo has not yet ended. The government not only has to bear military expenses, but also has to invest money in the construction of fortress walls in the country of Goryeo. I am afraid that money will be paid for many years...

At the same time, we have to subsidize the war in Dongliao. Empress Xiao fought a protracted war with Agu on the Korqin grassland. I really don’t know which year it will take?

In addition, the ruling government will also support Gao Yongfu of the Bohai Island (Hayi Island) to help him invade Honshu Island in Japan next year.

The above expenses, coupled with the daily expenses of the government, are already too much to bear. It is estimated that this year's fiscal year will have a deficit of more than 1.5 million silver coins!

Most of the savings of the government over the years have been allocated to the Dazhou Bank as capital... I am afraid that starting next year, the government will have to rely on loans to fill the gap."

Speaking of the allocation of savings from the government over the years, Zhang Xizai glanced at Pan Xingye, the head of the Dazhou Bank, with resentment.

If the accumulated silver and gold coefficient were not added to the Dazhou Bank as capital, the deficit of 1.5 million silver coins would not be difficult for the government to be held.

But now, the Republican government is penniless, and the treasury is so empty that it can run away.

Pan Xingye felt a little guilty when he saw it, so he asked Wu Haogu: "Head of the People's Republic of China, there are no less than 20 million taels of silver in the bank's warehouse in Dazhou, and more than 2 million taels of gold...or can you bring up some of it?"

"Nothing!"

Wu Haogu glared at Pan Xingye and said, "The Dazhou Bank is not the treasury of the Republican government! The Dazhou Bank has to be responsible for bank bonds... and even deposits of silver must be minted into silver coins for emergencies. Without this silver coin, can the 50 million denomination bank bonds we issued hold?"

"Then just get some bank coupons..."

"Not even!" Wu Haogu rejected it again, "The account of the Republican government and the account of the Dazhou Bank must be separated. Moreover, the Dazhou Bank only engages in loan transactions with the commercial banks and cannot lend money directly to the Dazhou government."

The status of Dazhou Bank is equivalent to that of the central bank, and it is also a central bank where money appears in credit currency. Therefore, it is necessary to implement monetary policy very conservatively. The main mission of Dazhou Bank is to ensure the issuance and circulation of bank bonds.

The face value of 50 million silver coins is equivalent to 100 million copper coins (there are one liang, one qian, and one cent three denominations). It has now entered the financial system of the Great Zhou Republic. It is waiting to be officially launched into the market!

It is conceivable that the merchants who received bank vouchers at the beginning would definitely be eager to exchange silver or copper coins.

There is no gold, silver and copper coins equivalent to tens of millions of silver coins, and the bank coupons may be a run.

The gold and silver deposited in the Dazhou Bank can now be minted into more than 30 million silver coins or gold coins, including Tianjin Bank, Yanjing Bank, Xiangguosi Bank, Jingdong Bank Tianjin Branch, Panji Bank Tianjin Branch, Goryeo Bank, Liaodong Bank and other large amounts of gold and silver coins are also stored in a large number of commercial banks. The total value is no less than 20 million silver coins.

So much money is enough to support the circulation of 80 million bank coupons, so it’s nothing to really raise some. However, Wu Haogu is still willing to pay more insurance coefficients.

After all, the lesson of money-induced storm is right in front of you! Businessmen may be bitten by snakes once and be afraid of the well rope for ten years.

As long as the credibility of bank bonds is stable, the capitalism of the Great Zhou Kingdom can be on the fast lane!

"If there is a shortage in the budget for next year, you can find the debt bill." Wuhao Gudao, "With bank vouchers supporting it, the interest rate will not be very high. It is no problem to issue one or two million yuan.

As for the expenses for developing cities in Nanyang, I think it would be better to raise them from merchants! Just use the old method of Jiehe Commercial City... to build a joint-stock vassal state!"

The joint-stock vassal state... the senior officials of the Great Zhou present sounded a little strange.

The vassal states can also establish a shareholding system? Can shares be bought and sold at the Tianjin Christie's Exchange?

Wu Haogu paused and said, "This joint-stock vassal state should be built on Sanfoqi Island, with the old port as its capital. The territory includes the entire Sanfoqi Island except Aceh, but the country does not have the right to collect taxes in the Sanfoqi Strait."

According to the agreement reached by Mi Youren and Ji Yi, in the future, the tax overdue in the Sanfoqi Strait will be subject to the local authorities of Aceh and Sin Chew Island to collect money while Aceh guards the western entrance of the Strait, and Sin Chew guards the eastern entrance.

Therefore, Aceh's cities, ports and nearby areas will exist as state capitals under the Nanyang Province of the Great Zhou Republic.

However, Sanfoqi Island, which does not have Aceh Port, also has high development value. On the one hand, the island has gold and silver mines, and has been developed. Sanfoqi Island is called the Nanyang Protectorate. The official name of this island is "Golden State" or "Golden Island" (Sumatra means Golden Island).

On the other hand, the old port, the largest city on the island, is the capital of Sanfoqi, which can compete with Sin Chew. The port of the old port of the old port is an inland river port, with limited water depth. This was a problem in later generations, but it was an advantage in the sailing era.

Therefore, gold and silver on the Old Port and "Golden Island" are both high-quality assets! They can definitely attract businessmen's investment.

Wu Haogu said: "A Jinzhou Chartered Chamber of Commerce can be established first, and a public offering can be made. Any citizen of the Republic can invest. The conquest and occupation of the Three Buddhas and Qi Kingdom, as well as subsequent rule, are fully responsible for the Chamber of Commerce."

"First of the People's Republic of China," Mi Youren was a little confused, "Isn't this Golden State Chartered Chamber of Commerce the owner of most of the Golden State Island?"

"Yes!" Wu Haogu nodded.

"How will the young master become the king of Jinzhou?"

Wu Haogudao: "I will become the largest shareholder of the Jinzhou Franchise Chamber of Commerce!"

In other words, Wu Haogu wanted to buy a kingdom for his son on Jinzhou Island... From a legal perspective, the throne was bought!

And others can buy it, as long as they can afford enough money, they can get a franchise!

Wu Haogu paused and said, "In addition, we can also adopt the same approach on the Bayi Java Island, except for the area where it is a stronghold in the South Ocean Province. The other parts are also handed over to the franchise chamber of commerce!

As for the strongholds of Aceh State and the Nanyang Province on Java Island, funds are raised by issuing Aceh customs bonds. The strategy for Champa can also raise military expenses by issuing bonds."

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Chapter completed!