King

Chapter 538: High Debt

After the meeting in the royal capital, Hudson returned directly to the territory. The international turmoil is just a topic of conversation in the daily life of the kingdom's nobles.

Since the end of the Continental War, the human world has been split into two worlds. The political changes in the Southern Continent will certainly have far-reaching consequences, but for now it is enough that the Kingdom can take care of the Five-Nation Alliance.

"News of a catastrophe of ten thousand years", after a brief period of tension, everyone still did what they should do.

Anyway, the Alpha Kingdom is preparing for war on a daily basis. If it encounters a big disaster, it will respond to it. If it doesn't, it will beat the orcs. It will definitely not be in vain.

Looking at the positive work attitude of the Kingdom's top brass, Hudson really can't find anything to fault. As for the countries in mainland China, let everything take its course!

After several consecutive years of development, Xueyue Territory has also undergone earth-shaking changes. Standing over the territory again, the lush prairie has now turned into patches of farmland.

In addition to the efforts of the citizens, the Kingdom's magicians also played an important role in achieving earth-shaking changes.

Using the magicians as a land reclamation division did not trigger a strong backlash, and it was considered a historical precedent for Hudson.

If you look carefully, there are magicians working with the serfs below to transform the river.

To be able to make the mage masters work so hard is because Mr. Hudson gave him so much.

It seems that a lot of time is spent on part-time work, but in fact everyone's cultivation speed is faster than before.

There is no way, the auxiliary cultivation potion is too fragrant.

It's a pity that this thing has an exclusive monopoly and is expensive. Under normal circumstances, ordinary magicians like them simply can't get the purchase quota.

If you want to get potions to assist your cultivation, the only way besides spending crazy money is to come and work.

Generally speaking, the magicians who work for Hudson practice 50% faster than those who work hard on their own.

If you have a skill, you will get more auxiliary medicines, and your cultivation speed can even be doubled several times.

This account is easy to calculate. The faster your cultivation improves, the more time you have at your disposal, and the greater the probability of a breakthrough in the future.

The arrogant magic master could not resist the temptation of rapid improvement in cultivation. So much so that from the Kingdom's magicians stationed at the border, people often sneaked into Mr. Hudson's territory to pick up private jobs.

Mainly earth magicians and water magicians. Because of their professional nature, they can take the most orders.

Under normal circumstances, no magician from these two lines can be found in the mage group's station.

Not only magicians during their service often stay in Xueyue Territory, but even after completing their service tasks, there are also many magicians who choose to stay.

At this moment, Xueyue Territory has become the most popular place for magicians, and the number of magicians staying there even exceeds that of the royal capital.

However, this was just the beginning. As time went by, not only the magicians from the Alpha Kingdom spontaneously gathered in the Xueyue Territory, but even the magicians from the Moxi Principality also set their sights on this land.

The influx of a large number of magicians has also given rise to many related industries. Magic potions, magic equipment, magic materials... a series of industrial chains that serve magicians are constantly developing and improving.

If nothing unexpected happens, with the continued development of Xueyue Territory, this talent siphon effect will continue to spread to the outside world.

It's a pity that those who can learn magic these days are not ordinary people, and they still have family ties behind them, so it is difficult to be truly recruited.

However, this kind of regret mainly exists among the higher-ups of the territory and members of the Koslow family. Hudson has never felt this way.

Having experienced the impact of the information age, Hudson didn't care at all whether this group of workers was willing to defect and be loyal. As long as they could complete the task, it was enough.

Direct equal exchange, no one owes anyone anything. If we can cooperate, we will cooperate. If we cannot cooperate, we will pull them down. There is no need to assume responsibilities and obligations towards each other.

Hudson was not prepared to fight a civil war. If a war broke out, it would be against foreigners.

If there is racial justice, just recruit the magicians from the territory to join the battle. Rounding these people up is also the military strength of the Xueyue Territory.

After letting Maxim take him to circle in the sky twice, Hudson felt refreshed. These are the mountains and rivers he has conquered, and he has transformed a land in just a few years.

If so many migrant workers had joined in when the mountain territory was being developed, it would definitely not have been so difficult.

But there was no way around it. When the mountain territory was developed, Hudson had just emerged and was simply not capable of being high-profile.

Unlike today, when you are a noble prince, even if you have the title of the mainland's number one pharmacy master on your head, you are tossing around in the magical world in a high-profile manner, and no one is looking at you.

“Duke, we are afraid that we may have to consider moving the political center!

With the rapid development of Xueyue Territory, Crescent Harbor has become too crowded and is no longer suitable to continue to be the administrative center of the territory.

There are two options now. One is to choose a suitable location in the middle of the territory and rebuild a city as our new administrative center to strengthen control over the territory.

The second option is to consider the future development of the territory. The best option now is to use a city in the eastern part of the territory to serve as a temporary administrative center to prepare for the subsequent eastward strategy.

Both options have their own advantages and disadvantages. Judging from the current situation in the territory, no matter which option is chosen, it is better than staying in Crescent Port.

In order to divert ships, the Ministry of Government is considering selecting suitable locations in coastal areas and planning three medium-sized cargo ports.

…”

After hearing Jacob's report, Hudson was slightly stunned. Crescent Harbor's special geographical location is definitely first-class in economic development, but as the administrative center of the territory, it is obviously far behind.

The choice to set up a base camp here was mainly due to strategic security considerations. With the convenience of being backed by the sea, if the situation becomes critical, you can evacuate from the sea at any time.

However, times are evolving. No one could have imagined that the offensive and defensive momentum between the kingdom and the orcs could be reversed in just a few years.

Strategic security, which was once the greatest concern, has now become the least important. The orcs would be unable to launch a full-scale invasion for at least ten years.

"Adopt the first option!

The current situation is not suitable to continue to stimulate the orcs. Trapped animals are often the most ferocious, and if they are too aggressive, they can easily cause unnecessary trouble. "

Hudson thought for a moment and said.

By nibbling along, Xueyue Ling took a lot of advantage. If you open the map, you will find that the current Near East and the original Near East are completely different.

Among them, the fastest-expanding one was naturally the Xueyue Territory in Hudson. The orcs voluntarily gave up large tracts of land adjacent to the Snow Moon Territory.

The lords of other border areas also took action, but their names were not loud enough to scare the neighboring orc tribes.

There is a Xueyue Lake in the middle. Hudson has no intention of paying attention to the land in the north, so he will naturally not get involved in these local conflicts over land.

In this regard, the Alpha Kingdom also follows continental practices. They neither supported nor opposed the expansion movement launched by the noble lords.

As long as the private expansion operations are won on the battlefield and the territory can be captured, the kingdom will recognize its legitimacy.

If due to his own incompetence, he fails to expand and is severely beaten by the opponent, then the lord who caused the trouble must bear the responsibility himself.

As a result, the competition for the northern area of ​​Xueyue Lake has continued until now, and none of the parties involved has a winner.

There was no victory on the battlefield, and the expansion speed could not keep up with Hudson who planted flags all the way.

If you get a bargain, you should take it as soon as possible.

The orc tribe evacuated directly, seemingly out of fear, but there were also deep-seated political reasons behind it.

Even though the orcs wanted to cut Hudson into pieces, out of respect for the strong, the nearby orc tribe still had to endure their grievances and show goodwill to Hudson.

There was no way, the orcs' top brass were really frightened during this grassland war.

Especially in the back, the fair and square side-kicks made the top management of the orcs even more frightened.

If there was a conflict between the two sides and Hudson took another sidestep, their neighbors would be in trouble again.

Can't afford to offend, can afford to hide.

It's just that the orc tribe avoided Hudson, but that doesn't mean they are also afraid of other nobles in the kingdom. The viscounts in the border area alone cannot scare them at all.

"Duke, if we build a new big city, the territory's fiscal deficit this year will probably reach a new level."

Jacob reminded vaguely.

As the political affairs officer of Xueyue Territory, he is very clear about the territory's financial situation. That can no longer be described as "bad", it is completely terrible.

It is impossible to develop a piece of white land without spending money. Especially the territory of Xueyue Territory is still increasing.

In order not to arouse the fear of all parties, we did not dare to make statistics on the specific amount of land added. Anyway, there must be hundreds of thousands of square kilometers.

As a price for expansion, the territory's finances were greatly hurt. Losing millions of gold coins every year, Xueyue Ling has owed nearly 30 million gold coins to the Near East Development Bank so far.

Part of this money was spent on military expenditures, and the rest was spent on territory development and infrastructure construction.

Magician is easy to use, but the price is really high. The magic potions distributed to everyone were also purchased from Hudson by the territorial finance department at market prices.

As reflected in the financial statements, Xueyue Ling's deficit continued to expand like a snowball.

If it weren't for the loan from the Near East Development Bank and the 80 million fake account quota created by Hudson, the interest on the funds alone would have crushed Xueyue Ling.

Of course, Hudson did not misappropriate the funds raised by the magic potion, and put them all into the Near East Development Bank in the name of deposits.

It seems like a meaningless left-hand to right-hand movement, but in fact this is a perfectly normal economic cycle.

The deposits in bank accounts have increased, and the funds that can be leveraged have also increased.

The money flowing out from the development of the territory has spawned the development of a series of industries. Although the scale is not very good, we can finally see the signs of a market economy.

The most direct feedback is that Xueyue's tax revenue has increased sharply in recent years. It's just that the investment in construction is too high, which directly consumes all the increased tax revenue.

Mainly due to the expansion of territory, the Ministry of Government's proposal to control the fiscal deficit at 1.5 million turned into a joke.

Of course, after seeing the rapid development of the territory, everything became different. I can only say that the fiscal deficit is really suitable for economic development.

The only problem is that the top management of the territory are frightened by the huge debt of the territory. They have no idea that the money currently spent in the territory is all obtained by Hudson for free.

Only 30 million of the 80 million interest-free bill was spent, and Mr. Hudson was not at all panicked.

As long as the Near East Development Bank is stabilized, if there is a shortage of money for subsequent territorial development, just continue to borrow from the bank.

Using other people's money to develop your own territory, you don't have to pay a penny of interest on the funds, and you can repay the principal in installments over several decades. What's the difference between using it and giving it away for free?

"You don't have to worry about money. The Ministry of Government will borrow another two million from the Near East Development Bank for the construction and subsequent development of the new city.

But the efficiency must be fast. Taking advantage of the current enthusiasm of the magicians, start the project quickly.

The planning and construction of the new port must also be implemented promptly.

With the development of the territory, the freight throughput will definitely continue to rise in the future. In planning and construction, we must have forward thinking.

If there is a funding gap, you can find Jacob to coordinate. Don't worry too much about debt, these are short-term issues.

Extending the time period, as long as the Xueyue Territory develops to the level of the Mountain Territory, we can fill up any debts no matter how much! "

Hudson spoke to comfort him.

These are the sequelae of the bankruptcy of the Principality of Moxi. The country's credibility cannot withstand the debt crisis, which has aroused widespread concern from all walks of life.

The Xueyue Territory is also heavily in debt. Except for the lord Hudson, all the important officials in the territory below are worried.

As a developed territory, the Mountain Territory can provide Hudson with nearly one million gold coins in revenue every year. The Xueyue Territory is more than ten times the size of the Mountain Territory.

If it develops to the level of a mountainous territory, the annual fiscal surplus will be as high as tens of millions of gold coins. The current debt is really not a problem.

(Note: Fiscal surplus = fiscal revenue – expenditure)

Unfortunately, this cake is not that delicious. The Mountain Territory has a population of more than 1.5 million and is able to achieve its current economic level.

If the Xueyue Territory wants to develop to this point, it is simply impossible without a population of 10 to 20 million people.

The reality is that the Xueyue Territory has less than one million citizens. Even if the floating population from outside is included, the number is only over one million.

Even if slaves were brought in to make up the number, they would not be able to make up two million. The gap between the number of people and the population of 20 million cannot be bridged by individual will.

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