Perhaps every monarch, when the finances hit rock bottom, can’t help but ask, where did all the taxes from my vast territory, the wealth once piled like mountains, go!?
Su Li is no exception; his current impression of wealth is still the war reparations given by the Green Dragon, totaling tens of thousands of Golden Crowns, even after paying off loans and making investnts, there are still twenty or thirty thousand left!
However, by the end of the year, the territory will again have to rely on issuing territory bonds for investnt and developnt.
But this kind of borrowing and investnt is quite normal, the interest rate on loans provided by rchants to the territory is only 4.3%, completely different from the crazy rate of that war loan.
The main reason is that rchants can see the territory is now thriving, and with a demigod in charge, there is no fear of any danger.
Moreover, this is a two-year loan, aning Su Li basically doesn’t need to worry about repaynts before assessing the Pioneer Territory’s grade.
The territory also has a five-year territory bond, with an interest rate of only 6.5%.
Yet it still attracts enthusiastic purchases from wealthy rchants, landlords, and Knight Clans.
Don’t look down on 4.3% and 6.5% interest rates, many investnts might not even yield such returns.
For a family of a few dozen Half-Elves or for a small rchant with 1000 Golden Crowns, keeping assets at ho is pointless, lending to Hesse Territory for a year yields 43 or 65 Golden Crowns in inco, which is quite substantial!
In two years they can earn 100 Golden Crowns, an enormous wealth many common people can only dream of.
Frankly speaking, just this interest is enough for a Half-Elf family to buy dozens of slaves, including one or two Apprentice Nuns, to help guide the farm’s developnt and prosperity.
With a five-year yield, they could use just the interest to buy an Elite Knight and over ten Apprentice Knights to form a caravan.
Of course, that’s how this world works; you covet others’ high interest rates, while others have eyes on your substantial principal.
The reason Hesse Territory’s Provincial Affairs Council dares to issue so many bonds is because they plan to use the principal to invest and develop various industries in the territory.
Investnt and developnt, these two words are closely related.
Don’t ask why so booming industries appeared in other people’s cities instead of your own.
Because when these industries were in their infancy, others genuinely invested real money into developnt and support.
To develop a destitute Pioneer Territory, what do you rely on? Isn’t it a substantial initial investnt? Investnt leads to returns.
However, Su Li also knows well, the territory’s financial tightness is not entirely due to Provincial Affairs Council investing it away.
A considerable portion was squandered by him.
Surely no one truly thinks he is a supre wise monarch?
In fact, he is just an average person who bears no relation to supre talents or unparalleled wise monarchs.
His few rits probably include being... relatively industrious?
Although he loves to lie back, he is quite attentive to farming. Mainly his genes naturally lean toward managent and then enjoying the pleasure of lying down collecting money, with wealth continuously flowing.
Another characteristic that can be counted is his strong self-awareness! Throughout history, the East advocated the doctrine of the an, ruling by doing nothing, and ministers always thought a monarch too smart was a major flaw. For example, intelligence is what a ruler esteems; however, if intelligence is excessive, affairs must be self-recognized, rendering ministers’ wits unused.
Yang Guang is a typical example of intelligence blinded by intelligence.
Su Li understands well he is just a common person; in governing the country, caring for the people, supplying provisions, ensuring food is plentiful, he is not as good as Oliver. In commanding elite troops, winning battles, capturing objectives, he is not as good as Oerstein.
So he is very willing to delegate power, handing specific affairs to his ministers; he only cares about the priesthood and military authority.
But aside from these two virtues, he lacks none of the typical faults of monarchs; thrift and restraint are hardly related to him. Just ntioning a glass of fruit tea costing several farrs all of their yearly inco, shows he really cares about enjoynt.
On the other hand, he spends money generously. Just like Li Longji rewarding Yang Yuhuan, many gold coins from the Vault Area are given out by him as rewards.
As soon as Philis received the support of the Eternal Light Knight Order in the identity of Heir Elector, Su Li urgently dispatched Fastrick, this Flying Horse Knight, with a squad of Swan Knights to send her 10,000 Golden Crowns!
His support for Philis is absolutely beyond question; Philis going to take office, he absolutely won’t tolerate Philis having no personnel to use, no money to use. So besides sending her 60 Elite Knights, he also gave her 10,000 Golden Crowns as operational funds.
Perhaps after Philis completely inherits the Sulande Grand Prince’s Territory, this 10,000 Golden Crowns will be of little importance, but at her critical mont of contention early on, these 10,000 Golden Crowns are enough to win a lot of people’s hearts and bolster morale crucially.
Especially if she wants to launch a coup, driving straight into Avalon Palace, spreading 10,000 Golden Crowns around, soldiers would truly swing their Longswords, clearing obstructers in front.
Philis, as the second successor, carries enormous moral advantage. If she launches a coup, many guards of Avalon Palace simply cannot muster fierce resistance.
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