readx; In addition to the consortium led by Chen Jingyun and centered on Huaxia Bank, other wealthy families in the Fujian and Zhejiang business circles also began to unite and set up another bank. Southeast Bank's joint control of a large number of textile enterprises such as Fuhang Textile Company, once controlled up to eighty percent of the raw silk output in Zhejiang, and carried out a large-scale capital increase on Fuhang Textile, and later even Chen Jingyun led the Fuhang Textile Enterprises were controlled by Southeast Bank, Huaxia Bank finally left only eight percent of the shares of Fuhang Textile Company. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 At the same time, a number of similar consortia have also emerged in the southern Jiangsu area of Shanghai, although these similar consortia are not as good as Huaxia Bank, which has the full support of Chen Jingyun and even the entire National Army, but their strength is also expanding rapidly.

After the expansion of financing, Hua Xia Bank has expanded a lot, in addition to the allocation of funds for the development of various holding companies, it has opened branches in major cities and implemented paper money programs. The official name of the banknotes issued by Huaxia Bank is Huayuan, which not only conforms to the meaning of China, but also conforms to the natural name of Huaxia Bank, and the banknotes are divided into six types, namely one cent, five cents, one dime, five jiao, and one yuan. One dollar banknote is equivalent to one yuan of silver coins issued by Huaxia Bank, which is the so-called silver standard.

Hua Xia Bank used its own cash capital and tens of millions of dollars obtained through loans as the initial principal, and the issuance of banknotes was carried out after an appropriate magnification ratio. In order to promote paper money, the Provisional Political Axe has decided to change part of the commercial tax to only accept Chinese dollar banknotes, and at the same time, the salaries of military personnel and civil servants are also paid in paper money, and some other internal purchases are also made of paper money, and the expenditure of real money and silver is only used for imports and purchases from other areas of the country that have not yet been controlled.

In order to pay taxes to the political axe, the merchants had to deposit the cash in the Huaxia Bank in exchange for paper money, so that the silver reserves of the Huaxia Bank rose rapidly, and after having sufficient silver reserves, more paper money could be issued, with the temporary political axe step by step with administrative means to implement paper money, and finally formed a paper money system in the internal economic system.

At present, the most important task and function of Huaxia Bank is to act as the central bank to issue paper money and temporarily advance the expenses of the political axe, and it does not have much spare funds of its own, so it is impossible to spend huge sums of money to acquire the state-owned shares in the hands of the Fuzhou Arsenal.

After the failure of the plan to sell the state-owned shares of the Fuzhou Arsenal, Chen Jingyun temporarily dispelled this idea, but although the political axe still controls 30 percent of the shares of the Fuzhou Arsenal, the operation system of the Fuzhou Arsenal is completely joint-stock system, and even the political axe cannot pull the arms from the Fuzhou Arsenal after a blank slate. The same is true for the Fuzhou aircraft factory, which also needs funds to complete the construction of production lines and purchase additional equipment to carry out the research and development of new aircraft. If the Air Force Department does not give money, it will not be able to complete the research and development of a new model with the funds of the Fuzhou Aircraft Factory alone, and if it is possible to develop an aircraft, the Air Force Department must first sign a contract of intent with the Fuzhou Aircraft Factory to remove the research and development funds in the early stage, and then the Fuzhou Aircraft Factory will take the money and start the research and development work, and then purchase it after the research and development is successful.

And now the funds of the Air Force Department are also very tight, and there is not much money to support the upfront expenses, so Wu Shizhong is embarrassed by Chen Jingyun.

Chen Jingyun is also a little embarrassed, although he has the money in his hand, and there is a lot of it, but it is intended to be used as a large-scale war fund, and every cent has to be planned and calculated before it can be spent, but the Air Force Department cannot be without money to develop aircraft, and after pondering for a while, he said: "The research and development work of the fighter must be carried out, and it cannot be stopped, so I can't give too much, but in this year's Air Force funds, I will pull out a batch of special funds, and your Air Force Department will first prepare for the preliminary work of research and development, and there is no need to be too anxious. Our current D5A fighter can still meet the needs of our army in the last one or two years, and after next year, the large-scale refitting work of the Air Force will also end, and then your Air Force Department will be able to allocate some funds for research and development work! ”

After hearing this, Wu Shizhong also said: "What the commander said is that I originally thought so, and now the three wings of the Air Force still need a large number of new aircraft into service, and this successive refitting work may continue until the end of the year, and this year's Air Force funds are mainly used in this regard, and after next year, the three wings of the Air Force will completely complete the rearmament, then the Air Force will be able to allocate enough military funds for the research and development of new aircraft and the improvement and refitting of small batches." It's just that this year has been a little harder! ”

Chen Jingyun said: "Well, I will explain to the Minister of Finance An, and then I will give you a sum of money!" Also, don't spread the word about it! ”

Wu Shizhong said: "Understood! If the commander doesn't say it, I won't go around preaching! ”

Now that the Air Force has been hated by the Army and the Navy, if they get another batch of funds from Chen Jingyun on the way, then the people of the Army will have to jump to their feet.

In the afternoon, there was a melancholy in the Jiangbei Beiyang Air Base, all because the pigeon plane that went out for the first time to carry out a reconnaissance mission in the morning has not yet returned, and with the endurance time of the pigeon plane, if it has not returned at this point in time, it must have been an accident, not a malfunction and crash, then it may have been lost, or it was shot down by the local anti-aircraft fire of the national army.

The only thing they didn't expect was that the two pigeon planes were shot down by the D5A fighters of the National Army in the air!

The concept of air combat has never been heard of by those people in the Beiyang Air Force at all, so naturally they will not think about it.

The two pigeon planes did not come back, and whether they were shot down by ground artillery fire, lost or malfunctioned, they could not stop the Beiyang Air Force from conducting aerial reconnaissance.

The next day, the Beiyang Air Force once again took off two pigeon planes, and this time the two pigeon planes did not swagger directly to the Yangtze River to Nanjing, but first detoured to the east, and then crossed the river between Nanjing and Zhenjiang to continue to fly south. In recent years, there was no radar, and reconnaissance of planes could only be parked at the visual stage, but after yesterday's air battle, the Nationalist Army had already arranged for a large number of personnel with binoculars to look out along the river, as a kind of visual early warning system.

At the same time, two D5A fighters were sent as a small group to patrol on the Yangtze River, the endurance time of the D5A fighters is only more than three hours, and the real time for patrol is about an hour, and the D5A fighters in the Nanjing Aviation Base are only 20 in total, excluding the need to do maintenance and maintenance work, there are only more than 10 aircraft that can be used for patrolling in a day, but some of them have to be prepared for emergency interception and lift-off, so it is unlikely that the Yangtze River will be blocked directly with fighters for patrol. As a last resort, some reconnaissance planes were added to replace the patrols.

However, today, the Beiyang plane did not fly directly to Nanjing, but made a detour. Those observers of the Nationalist Air Force are not clairvoyant, so they naturally cannot spot Beiyang Army planes dozens of miles away, and at the same time, the patrolling Nationalist Army planes are limited to the airspace over the Yangtze River, and will not go too deep into the Jiangbei area. Therefore, these two Beiyang planes actually flew to the east and then crossed the river, but they were not discovered or intercepted, and then the two pigeon planes of the Beiyang Army went to the direction of Nanjing to form a reconnaissance and obtained a large amount of information from the ground Nationalist Army from the air.

After obtaining this information, the pilots of the Beiyang Air Force did not risk continuing to go deeper, but turned around and returned home. A few hours later, a preliminary map of the Nationalist army's defense in the area east of Nanjing appeared in Feng Guozhang's hands.

"The Air Force really deserves to be the pride of the sky! In just two days, the defense map in the east of Nanjing was reconnoitred! Feng Guozhang looked at the simple hand-drawn defense map in his hand, and his face was full of smiles.

"Yes, in the past, they used to spy on us and know everything about us, but now we also have planes, so we can also grasp their intelligence!" Wang Ruxian, who was beside him, also said with a smile.

"According to the information we have found before, this unit should be a regiment of the second division of the National Army, and it is impossible to judge whether it is the 23rd regiment or the 22nd regiment!" At this point, a major in charge of air intelligence explained.

Feng Guozhang said: "We know enough about the troops of the Second Division, but after Chen Jingyun arrived in Nanjing, I heard that in addition to the guard division, he also brought the Eighth Division of the National Army. ”

Wang Ruxian said: "These are all Chen Jingyun's descendants, and their natural combat effectiveness is not weak."

"Alas, now Jiangnan not only has four divisions of Shen Gang's Second Army, but now there is one more guard division and the eighth division, and it will be even more difficult to cross the river and go south!" Wang Ruxian sighed.

Feng Guozhang didn't care: "We can't go down, will they come up?" Although this southern Jiangsu is important, it is by no means our decisive battlefield! ”

"What does the commander mean?" Wang Ruxian asked.

"It doesn't matter what I mean, but you also know that the president not only put Cao Kun's third division into Anhui and Tang Tianxi's tenth division in Chuzhou, but the ninth division is also preparing to go south. Southern Jiangsu is so big, and there are fortresses such as Taishan Town, just defense is not enough troops, and if you cross the river to the south, the national army wants the navy to be there, and the troops in the south of the Yangtze River are not less than ours, so crossing the river in Nanjing and the east area is a self-defeating way, the president and the Duan brother of the War Department will not see this, since how they are still sending troops to the south one after another, then the purpose is already very simple, nothing more than southern Anhui! Feng Guozhang naturally understands the high-level strategy of the Beiyang Army, and even the plan in it is simply what he suggested.

"As long as our army concentrates its forces and takes Anqing and Wuhu, then it will be completely able to move its army south to southern Anhui, and the section of the Yangtze River west of Nanjing is narrow, and the navy ships of the national army will not be able to drive in. Feng Guozhang continued: "After taking Wuhu and Anqing, after crossing the Yangtze River moat, how can the national army block our army from moving south, and concentrate its forces to capture Nanjing, Zhenjiang, southern Jiangsu and even the entire southeast The situation can be determined!" ”

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