Several successive urban battles have given the Daheng Unification Army a deeper understanding of the urban battles.

Although the battle can still be won, it is too much ammunition and time, and although the casualties have been controlled as much as possible, they are still greater than the war of movement and even the field positional war.

If there is a chance to destroy the enemy's forces in a movement war, they are more than happy.

This is also the reason why the north bank seems to be fighting lively, and the enemy reinforcements can break through the blockade of the Daheng unified army at any time, but the troops of the Daheng unified army on the south bank are still fighting unhurriedly.

Anyway, Liang Chenglei can send troops to cross the river at any time to reinforce, and the 16th Division is ready to cross the river and rush to the front line on the north bank at any time, so the defense line of the 18th Division and the 17th Division on the north bank is stable.

Not to mention that there are still two cavalry armies here, if the enemy can still establish a reinforcement supply line under the threat of more than 50,000 cavalry on his side, the Daheng unified army will not fight, go home and take the baby!

This strategic blockade of the North Shore, which seems to be about to break at any time, cannot be broken in fact!

And taking advantage of this opportunity, Liang Chenglei has the intention to consume more enemy troops and lay the foundation for the follow-up strategy, as for the ammunition needed for the war of attrition, even if the ammunition supply is difficult, it is easier than the other party.

The Daheng Unification Army now not only controls the six southern states, but also controls most of the southern part of Jingzhou, and the troops crossing the river threatens the area north of the Jinghe River, and more importantly, the Daheng Unification Army has conquered the Jingzhou Machinery Bureau and the attached southern suburbs industrial area.

The loss of the Gyeongju Machinery Bureau and a large number of factories in the attached southern suburbs industrial zone not only completely lost the defense industrial strength of the Gyeongju side, but also caused the entire northern seven states to lose the main defense industrial strength.

Without the Jingzhou Machinery Bureau and the entire industry and resources of Jingzhou, the production capacity of weapons, ammunition, and other equipment in the entire seven northern states plummeted by at least 60 percent.

In this battle, in addition to competing with the bravery and tactical level of the soldiers on both sides, it is more weapons and ammunition than anyone.

After the Daheng Unification Army controlled the six southern states and half of Jingzhou, there is no doubt that it has completely overwhelmed the alliance of seven northern states in terms of national defense production, and this advantage is overwhelming.

It is precisely because of this advantage in national defense production capacity that the Daheng Unification Army dares to use the Battle of Beijing to fight a war of attrition!

Although Lin Ziran was saddened by the huge consumption of the front-line troops, he still did not hesitate to instruct the National Defense Production Committee and logistics and other relevant departments to make every effort to organize the production and transportation of various materials and ensure the supply of weapons and ammunition to the front-line troops.

Although the pressure on the part of the Defense Production Committee is very high, they also said that they will make every effort to organize production and ensure production capacity.

Qiu Honglin of the Logistics Department also guaranteed that as long as weapons and ammunition are produced in the rear, the logistics department will absolutely not drop the chain, and no matter how many there are, they will be quickly transferred to the front line, and there will absolutely not be a situation in which the rear ammunition is piled up and the front-line troops have no ammunition available.

The people in these departments are naturally very optimistic, no matter how difficult the supply of weapons and ammunition is on the side of the Daheng United Army, it is much more than the enemy.

Only the Minister of Finance, Han Haochuan, who is known as Lin Ziran's money bag by the outside world, found Lin Ziran with a bitter face, and what he said was still the same old thing, nothing more than that the finance had no money and was going bankrupt......

For Han Haochuan, who had a sad face, Lin Ziran didn't know what to say, the financial difficulties were not a matter of one or two days, this was something that had always plagued the Daheng Unification Army, and all the ways that could be thought of were basically thought of all over again, and the financial revenue was indeed rising, and the treasury bonds were also sold more and more.

But this still can't support the huge war expenses!

As the scale of the troops under his command became larger and larger, and the scale of the war became larger and larger, Lin Ziran became more and more able to understand the predicament faced by the Ji royal family back then.

It's too expensive to fight.

Any large-scale battle, it is millions of millions of ammunition money, and it is not cannonballs at all, but gold coins!

It is only the middle of this year, and the military expenditure has already exceeded 300 million Hengyuan, and according to this year's battle plan, the follow-up military expenditure will only be much more, and I am afraid that it will have to be at least 500 million yuan for the whole year.

And this figure is still based on the fact that a large number of weapons and ammunition are produced by official capital, and no profit is made from them, and the salaries of soldiers are relatively low.

The salary of the Daheng Unification Army, in fact, has not been too high, even after the gradual regularization, the salary level is not high, at present, the regular army ordinary soldiers in the Daheng Unification Army, the monthly salary is only eight Heng Yuan, this salary is equivalent to the salary of ordinary workers.

Of course, the current Daheng Unification Army is no longer deducting the salaries of soldiers in the name of equipment and food, but paying them in full.

The salary of officers is also generally low, a sergeant who has just graduated from a military academy has a salary of only 25 Hengyuan, a young doctor's salary is only more than 50 Hengyuan, and Shaoqing's salary is more than 100 Hengyuan a month.

At the same time, there is no mess of various subsidies and the like, and the salary expenditure of personnel is reduced as much as possible.

However, even so, the cost of personnel salaries is extremely large this year.

While compressing the salaries of personnel, the cost of weapons and ammunition of the Daheng United Army is not high, at least much lower than the cost of other countries and feudal towns.

Because the national defense industry is all official capital industry, and all links are stripped away to make profits, the weapons and ammunition supplied are the cost price, but they cannot support the large scale of the troops, frequent battles, and huge expenditures on weapons and ammunition.

People eat horses and chew, weapons and ammunition and other expenses add up, the military expenditure of the Daheng United Army during the war is a very terrifying figure

This year, if there is any accident, I am afraid that it will have to be increased again, and the central financial revenue of the Marshal Mansion of Daheng Unification is only how much? According to the calculations of the six southern states currently under its control, the Ministry of Finance estimates that this year's central fiscal revenue will be about 200 million yuan, including the profits paid by enterprises with official capital.

In fact, in the case of the six southern states, the fiscal revenue of 200 million is not less, and the annual central financial revenue of the empire of the Ji Dynasty during the Hengao War was only two or three hundred million.

But just this amount of money can't even support it for half a year.

Not to mention the huge Daheng Unified Marshal's Mansion, its expenditure is not only military expenses, but also at least administrative expenses.

If the war and administrative expenditures had been maintained only by fiscal revenues, the financial system of the Unified Marshal's Office would have gone bankrupt a hundred times.

But the Marshal Mansion of Daheng Unification has always been able to hold on, what does it rely on?

If it were other feudal towns, if they could hold on, they would definitely raise taxes directly.

In the final analysis, Daheng has a solid foundation, as long as the taxes are higher, many feudal towns can be maintained, and in the past few years, the expenses of these feudal towns fighting every day have been exploited in this way.

However, Lin Ziran had already implemented the tax restriction order, reducing the tax revenue to a relatively normal level, and it was impossible to say that he rashly increased the tax rate.

If you can't solve it by taxes alone, then there are only two ways left, one is to print money, and the other is to borrow money.

To this end, the Ministry of Finance began to prepare for the establishment of the 'Daheng Unified Bank' last year, which is actually not a new product, in fact, it is based on the Nanhai Prefecture Bank as the main body, and at the same time merged a local bank in Dongdingzhou, Zishengzhou Bank, Quyang Prefecture, Ningyu Prefecture, and Zhongluo Prefecture banks.

Lin Ziran integrated the banking system under the control of official capital, and then established such a large-scale bank across six states, in addition to integrating some other official banks, and successively set up Luohe Bank and Central Bank, two banks with slightly smaller scales but also business in six states.

A pattern of three large-scale official banks was formed.

The merger of the three banks of Tongyi, Luohe, and Central China also laid the foundation for the large-scale issuance of official banknotes.

Since the end of last year, the Unification Marshal's Office has begun to issue new Hengyuan gold coins and matching banknotes.

It is worth noting that in this monetary system, the avatar of the Son of Yongchang is no longer used, of course, in order to avoid suspicion, the avatar of Lin Ziran is not used, but the peony flower, the national flower of Daheng, is used as the keynote.

The value of the currency still follows the traditional Hengyuan currency value, and the gold content of one Hengyuan is 1.6 grams!

In fact, it is only different from the gold coins issued before!

The point is not in this gold coin, but in the matching banknote!

At the same time as the issuance of the new version of the gold coin, a new version of the banknote was issued at the same time, which was also the first official banknote issued by the Marshal of the Daheng Unification Palace.

Although paper money has been issued before, it is all in the name of bank notes, and there is still a cover-up, but now it is directly positioned as official banknotes.

The new banknotes are available in a variety of denominations, including one constant dollar, fifty constant cents, twenty constant cents, ten constant cents, five constant cents, two constant cents, and one constant cent.

The main purpose of the issuance of the new version of the banknote is to alleviate the pressure on military spending, and at the same time, it is also to completely control the chaotic monetary policy of Daheng by the way.

Today's Dahengli, all kinds of coins and banknotes are used, coins needless to say, all kinds of gold coins, silver coins, copper coins exist, but on the whole, these coins have a fixed value to find, whether it is a Hengyuan gold coin issued by the early six dynasties, or a Hengyuan gold coin issued by Lin Ziran now, the gold content is the same.

Paper money, on the other hand, was a mess, some of which were issued by local feudal towns, and some of which were simply banknotes issued by the banks themselves.

In the face of this chaotic situation, Lin Ziran had already instructed the Ministry of Finance to carry out financial rectification.

The consolidation of three major banks and the issuance of new silver coins and banknotes were all measures of financial consolidation.

After the new version of the coin is issued, it will slowly return to other chaotic precious metal coins in the private sector, and then mint it as its own new version of the gold coin, which can also be directly used as a gold and silver reserve.

At the same time, it began to recycle and destroy all kinds of paper money that were messy among the people.

The new version of the peony coins and banknotes are directly equal to the value of the original Hengyuan currency, the same gold content, and directly endorsed by the government, and the public can use the new version of the peony banknotes to pay taxes directly, or trade with official institutions, deposit and withdraw in the three official banks, etc.

At the same time, at present, all the official capital expenditures of the Marshal of Daheng Unification have fully used the new version of peony coins and banknotes, whether it is the salaries of officials or soldiers, or official procurement, peony coins and banknotes.

At the same time, when taxes are collected, only the new version of peony coins and banknotes is recognized.

Other messy coins and banknotes, even if they are legal currencies of foreign countries, are not recognized!

Of course, people can still go to the bank and exchange the messy coins for the new peony coin banknotes.

On the whole, the unification of the Marshal's Office is to unify the financial market in the area under its rule, and not allow all kinds of chaotic currencies to circulate at the same time, so as to impress the credibility of official banknotes, and even affect the official issuance of additional banknotes......

Well, one of the two most important goals of tossing the financial industry is to raise military spending by issuing more paper money.

In addition to the issuance of banknotes, another major way to raise funds is to borrow money!

The Ministry of Finance has issued a large number of unified bonds in the six southern states through the three major banks, and the unified bonds are divided into three-year, five-year, and ten-year periods.

In the first half of this year, 200 million Hengyuan unified bonds have been sold, and not only major financial institutions have been purchased, but also a large number of individuals.

It is reasonable for institutions to buy treasury bonds such as unified bonds, especially the three major official banks, they have to buy a large number of treasury bonds whether they want to or not, or in the words of Han Haochuan, Minister of Finance, it is: otherwise what use is it!

At the same time, other financial institutions have also bought a lot.

It is also common for individuals to purchase government bonds.

This fully shows the full confidence of the outside world in the Daheng unified army!

For decades, this is the first military and political force that can control the entire six southern states, and at the same time, the performance of the Daheng unified army in a series of battles is quite amazing, it can be said that it has been a smooth journey, if such strength can not unify Daheng, then Daheng is afraid that there will never be any hope for unification.

Stemming from their confidence in the Daheng Unification Army, people are also full of confidence in Lin Ziran, full of confidence in the Marshal's Mansion, and then full of confidence in the unification bonds.

There is even an argument in the market that the current low interest rate of the unified bonds proves the strength of the Daheng Unification Army, and the Daheng Unification Army can absolutely unify the Daheng Army, and the low interest given now is that it takes into account the war to repay the national debt.

What does this mean?

This shows that the risk of this batch of bonds is extremely low, and there is no need to worry about the defeat of the Daheng United Army, and there is no need to worry about the Daheng Unification Army defaulting on the debt!

Although the interest rate is a little lower, the risk is low and the income is stable.

If it is high, they will be more worried, the interest is so high, is it that the Daheng United Army is short of money and is about to finish, even if it is not finished, how to repay it after the war?

If you are not careful, I am afraid it will be the same as the Hengao War Treasury bonds issued by the empire back then, the interest looks very high, but in the end, the imperial treasury can't even pay the interest, and in the end, the empire collapses, and the investors' money is wasted!

At present, the people's confidence in the Daheng Unification Army is still very sufficient, and the unification bonds are also selling very well.

Relying on the printing of money and the issuance of treasury bonds, the Daheng Unification Army was able to maintain the war even though its financial revenue was seriously insufficient.

However, the huge war expenditure still made Lin Ziran feel deep pressure, and it made him realize that the reunification war could not be delayed for too long, and every extra day of delay would be more than one million or even two million constant yuan expenditure.

If possible, it is necessary to end the war of unification as soon as possible.

Otherwise, even if they win a military victory, they will be under heavy financial pressure after they unify Daheng, and they have already issued hundreds of millions of national bonds, and when the war is over, I am afraid that the scale of national bonds will exceed one billion, and when the time comes, just repaying the interest will cause heavy pressure on the finances.

How did the Ji dynasty end decades ago? It's not that it's crushed by billions of constant dollar debts!

For this reason, Lin Ziran sent a letter to Liang Chenglei, asking him to fight more resolutely, take Jingshi and even the entire Jingzhou as soon as possible, lay the foundation for the subsequent march into Pingnan Prefecture, Gaoqing Prefecture, and Ningwu Prefecture, and lay a more favorable foundation for the reconstruction and development of the empire after unification.

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