Carlo was also paying attention to the Primó Governnt, which had been taking nonstop actions during this period. Although both pieces of legislation had achieved very good results, the promulgation of such legislation was bound to cause dissatisfaction among so entitled beneficiaries.
The sensation caused by one piece of legislation might not be great, but when several pieces of legislation were stacked together, the resulting influence was incalculable.
Fortunately, the second piece of legislation had little impact on the nobles. The old aristocrats held vast amounts of land in their hands, and they had not yet transford into capital-style new aristocrats.
The new aristocrats did not have much funds in their hands; they were mainly participating in the operations of the Royal United Bank to obtain dividends from the Royal United Bank.
Carlo had gone all out to win over these new aristocrats. The royal family held 75% of the shares in the Royal United Bank, with the remaining 25% of shares partitioned among the Noble Consortium.
The shares of the Noble Consortium were divided into several portions. If new aristocrats wanted to participate in the Noble Consortium, they needed to spend funds to purchase shares in the united consortium.
All future investnts by the united consortium would generate dividends, which would then be distributed to the nobles behind the consortium according to the proportion of shares.
Of course, to prevent so new aristocrats from lacking sufficient funds to purchase shares in the Noble Consortium, Carlo also offered certain rewards to the new aristocrats.
For example, all the nobles enfeoffed after Carlo’s ascension to the throne, though they did not have much land, would directly obtain so shares in the Noble Consortium.
Although the value of the shares rewarded to them at the beginning was not too high, totaling only around a few hundred pesetas, with the developnt of the Noble Consortium, the value of such shares would eventually rise to thousands or even tens of thousands of pesetas.
After these new aristocrats had accumulated so wealth, they could also purchase shares in the Noble Consortium, increasing their share proportion and naturally receiving more dividends in the future.
Do not underestimate the Noble Consortium, which currently was not yet large in scale.
The Royal United Bank had already beco a juggernaut enterprise in the Spanish banking industry; even the Spanish National Bank, assembled by the governnt at great expense, could not compare.
Of course, the main reason was also that the Spanish National Bank had started too late. The Royal United Bank had already beco a giant in the Spanish banking industry before the Spanish National Bank was established, and it was now the largest bank consortium in Spain.
Compared to the Royal United Bank, the Spanish National Bank was smaller in scale. But compared to other banks in Spain, the national bank was still a juggernaut.
The Royal United Bank and the Spanish National Bank were not only the top two bank giants in Spain; their combined user numbers and total deposits also accounted for about eighty percent of all bank users and deposits in Spain.
Of course, more than fifty-five percent of that eighty percent was in the Royal United Bank, while the national bank’s users and total deposits were only about twenty-five percent.
But the remaining banks in Spain combined had user numbers and deposits of less than twenty percent, which also showed from this aspect that the Royal United Bank and the national bank had already ford a monopoly on the Spanish banking industry.
The formation of monopoly giants was a necessity of era developnt and sothing every country could not avoid.
For Spain, having two giants monopolize the banking industry was much better than having all sorts of small and dium-scale banks blooming everywhere.
The two banks with official natures would receive more support from the public, and these two banks could also attract more user deposits, thereby more effectively utilizing civilian funds in Spain to develop Spain’s economy.
Although the two official banks had so selfishness in developing themselves to varying degrees, they would not shrink back in the face of the greater cause of national developnt.
If the governnt lacked funds, it could have the two banks with official natures purchase national debt, which at least could temporarily alleviate the governnt’s funds crisis without issue.
If civilian funds were all dispersed among those large and small private banks, not only would it be very troubleso to gather them, but small-scale banks were also prone to bankruptcy.
Monopoly giants might not be suitable for Spain’s future developnt, but for Spain, which was currently in a state of devastation waiting to be revived, they were the best choice for developnt.
Spain’s developnt was not all smooth sailing, and the developnt of various industry sectors would also face many problems.
On June 3, 1872, during a routine eting of the Spanish Cabinet Governnt, the governnt discussed the problems currently faced in Spain’s developnt.
Carlo, who had not attended a cabinet eting for a long ti, reappeared at the Spanish Cabinet Governnt’s eting and listened to the Cabinet Governnt’s discussion on this eting.
The reason Carlo appeared at the cabinet eting was actually because of Pri Minister Primó’s invitation. Why? Because currently, only Carlo had spare money to focus on developing certain industry sectors, which was also why Pri Minister Primó invited Carlo.
Under the maid’s service, he put on the white king’s military uniform sewn by the royal family’s exclusive tailor, donned the military rank of Spanish Marshal, held the king’s custom longsword, bid farewell to Queen Sophie, and then Carlo headed to the governnt to attend the eting with a confident smile on his face.
Carlo found it hard not to be confident. Becoming the king of the great European power Spain at less than 19 years old, and now at 21 having preliminarily mastered certain power—whoever it was would wear a confident smile.
The good news was that 19th-century nobles and kings had shed the noble robes of the 17th and 18th centuries, changing to wear more handso and simpler military uniforms.
With military ranks, a series of dals, and sword knots attached, the military uniforms worn by kings and nobles were actually more stately than the previous robes, appearing more majestic and handso.
Anyway, Carlo quite liked wearing such a military uniform. Apart from wearing the king’s formal dress on necessary occasions, Carlo preferred going out in military uniform.
First, the military uniform was not so bulky; second, it was damn handso. As king, Carlo could also customize his military uniform according to his own ideas—whatever was the handsost.
Entering the governnt’s eting room, the cabinet mbers were all respectfully waiting for Carlo.
The mont the guards pushed open the door, all the cabinet mbers stood up and very respectfully greeted and saluted Carlo.
Carlo smiled and nodded, walking under everyone’s attention to the head seat at the conference table and slowly sitting down.
No matter who was the boss of the governnt, as long as the king attended the governnt’s eting, the head seat had to be reserved for the king.
After all, the king was the theoretical highest ruler of a country; even the current Spanish Governnt had to serve the king.
Power was power, status was status; they were different.
Once everyone was present, the Cabinet Governnt’s eting officially began. Pri Minister Primó, as the governnt’s leader, naturally had to set a discussion topic for this cabinet eting.
Second update, seeking support!
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