Chapter 867: Six Banking and Financial Issues
On the afternoon of January 2, the 12th year of the Republic of China, the Ministry of the Interior, which was the 12th Department of the State Council, made a report to the National Assembly, and the biggest opinion scandal that occurred in the Ministry of the Interior in the 11th year of the Republic of China was the former General Minister Zhu Zhixin's dismissal, and Zhu Zhixin's resignation also meant that the Kuomintang had lost all its armed power and had become a genuine political party. The current acting general of the Ministry of the Interior is Vice Minister Qin Zhen, and he will make a report to the National Assembly in the afternoon.
Qin Zhen is forty years old this year, he is a native of Hunan, in the pre-Qing Dynasty was called one of the three heroes of Taoyuan by the Hunan people, the other two are Song Jiaoren and Hu Ying, now Song Jiaoren is dead, Hu Ying because of the previous defection to Zhao Hengxi, now in Hunan as the director of the Hunan Provincial Government Department. Qin Zhen was originally a close confidant of Song Jiaoren, but he was born in a humanistic background and had been engaged in revolutionary propaganda work, and had no experience in police management in the Ministry of Internal Affairs. Originally, the Kuomintang mentioned him as the deputy minister of internal affairs because of his humble personality and easy to get along with Zhu Zhixin, who had a strong temperament, and Zhu Zhixin's temperament was too strong, and others could not work by his side.
Now that Qin Zhen has become the acting chief of internal affairs, some of them have shrunk because of Zhu Zhixin's dismissal, and then the Ministry of Internal Affairs has also made a mess of internal administrative construction in the second half of the year. Compared with Zhu Zhixin's drastic reforms, personnel appointments, punishments, etc., Qin Zhen was almost hollowed out by his subordinates because he was too gentle.
Qin Zhen is own people know about his own affairs, and his work ability has been repeatedly criticized, because Sun Liwen fell ill after returning from a trip to Europe, which made Wang Maoru let go of the opportunity to attack him. This Ministry of the Interior will certainly be the place of contention between the KMT and Wang Maoru in the future, and the police system of the Ministry of Internal Affairs will be resettled by cramming a large number of retired Wehrmacht soldiers. Power is gradually being lost from the bottom.
The order of the Ministry of Internal Affairs was sent to the police below, and it was not as good as the order of the Ministry of Defense to ask the police to cooperate, and Qin Zhen could only sing the praises here. This year, there has been a decrease in the number of internal security cases. This is thanks to the unity and stability of the country, and Qin Zhen put these on his head, which provoked the congressmen who listened to the report to scoff at him, and almost collectively coaxed him down.
After Qin Zhen's report, Li Ziwen's parliamentary report of the Ministry of Culture boasted to him, and he was not afraid of the wind flashing his tongue, comparing his contribution to the importance of the Ministry of Culture to the top priority in the world. This kid has Wang Maoru's support behind him. The attitude was very arrogant and proud, and the people of the Kuomintang were very dissatisfied with it, and tried to impeach Li Ziwen several times. However, he wanted to bring down Li Ziwen. Wang Maoru must be brought down first, Li Ziwen is just a hunting dog raised by Wang Maoru, and the Kuomintang has nothing to do about it.
During the year, the Ministry of Culture further regulated the newspaper industry, book publishing industry, radio and broadcasting industry, film industry, and entertainment and cultural industry. Many normative policies and regulations have been introduced. The Ministry of Culture in turn requested the post and telecommunications industry from the Ministry of Communications. And a lot of power has been expanded.
It can be said that in the two years that Li Ziwen was in power, the Ministry of Culture took a big step every year, not only fully controlling the guidance and discourse of public opinion in China, but also guiding the trend of literature and art in China. Wang Maoru's voice and thoughts reached the ears of the people in a timely manner, making great contributions to Wang Maoru's struggle for power in the future.
After the Ministry of Culture, the Ministry of Foreign Affairs, the Ministry of Industry and Commerce, and the Ministry of Justice made reports one by one, and the report of the National Assembly on the morning of the penultimate day was the report of the Ministry of Finance, and Fang Hongxin, the general minister of the Ministry of Finance, and Pan Fu, vice minister of the Ministry of Finance, made reports one after another.
The Ministry of Finance is the busiest of the 12 departments of the State Council. They are responsible for coordinating China's finances and allocating funds. Repay state loans, manage China's banking, credit industry, heavy metal intersection industry, etc., and at the same time, this year the Ministry of Finance has done one of the proudest things for the Chinese people is to gradually withdraw the power of China's customs. With the rise of China's economy and the increasing importance of the Chinese market to foreign countries, China's customs are also particularly important. In response, the Treasury Department used fiscal scrutiny as an excuse to meddle in customs, and finally forced the customs in the hands of the British and Americans to make concessions, and more and more young Chinese entered the customs work, and they joined forces to secretly and gradually squeeze out British and American officials. The fact that the customs are now under semi-supervision by the Chinese government has also made the banks of the four countries extremely unhappy, and they used to threaten them to withdraw from the Chinese market, but this has not done much because the six major Chinese banks have gradually taken control of the national economy.
The six major banks in China are the Huaxia National Bank, which is responsible for currency issuance, the Bank of Communications, which originally belonged to the Ministry of Communications, which controlled the issuance of the largest number of treasury bonds in the country, the Oriental Bank, which was established by the Jiangsu-Zhejiang consortium, the Northwest Commercial Bank, which was established by the families of the warlords in Sichuan and the families of warlords from other places, the Nanyang Bank, which was established by the returned Nanyang consortium, and the Bank of China, which was jointly established by businessmen from North China.
Although these six major banks are not subordinate to the Ministry of Finance, they are under the supervision of the Ministry of Finance, which has unified credit interest rates and gradually banned private usury business. However, in order to prevent small and medium-sized banks from being unable to withstand the danger to China's finances in the current financial crisis due to the harsh international financial environment, the opening of small and medium-sized banks requires a relatively large amount of guaranteed reserves, and 13 percent of the currency reserves of small and medium-sized banks must be handed over to the Huaxia National Bank as reserves, so as to ensure the chain reaction caused by the bankruptcy of some banks due to financial problems. This 13 percent reserve was a harsh way to prevent some of the domestic capital from pouring into the financial world, but Jewish businessmen in the seven provinces outside the border bravely invested in it, and they all paid off handsomely.
Of course, the Ministry of Finance has been more strict in its scrutiny of these white people to open banks, and even the reserves are more non-self-ethnic, and the officials of the Ministry of Finance are afraid that these people will mess up China's financial system, which has so long been rising, but all kinds of obstacles cannot stop the investment enthusiasm of Jewish businessmen.
Fang Hongxin, chief financial officer, said proudly: "This year (the 11th year of the Republic of China), the state fiscal revenue has once again surpassed the 10-year fiscal revenue of the Republic of China, and the total fiscal revenue has reached 520 million silver dollars, an increase of 28.829 percent over last year, and an increase of 20 million over the plan at the beginning of the 11th year of the Republic of China. Everyone exclaimed, unexpectedly, when entering the third year of national reunification (as early as the ninth year of the Republic of China, the national reunification was basically realized, and the real sense of reunification in the tenth year of the Republic of China), the national income increased four or five times compared with four years ago, and it seems that it is better to unify China without war.
Naturally, the bulk of China's financial expenditure is still the military, and in addition to spending on the army, there are also expenditures of other departments, as well as the repayment of loans from various countries, followed by the investment of national plans, and so on.
In the end, Vice Minister Pan Fu came to the conclusion that although this year's fiscal revenue has increased by 28.829 percent, in consideration of China's economic inflation factors and the fact that a large number of Russian Jews, aristocrats, and Nanyang Chinese businessmen have returned to China to invest in construction, and other factors, in fact, this year's fiscal revenue has not made much of a leap compared with last year. Considering that global inflation will intensify next year, and the renminbi will have to depreciate accordingly, next year's fiscal revenue figures will be more beautiful than this year's, but the actual fiscal revenue will not increase much.
"It is possible to increase state fiscal revenues by 20 percent next year......"
Premier Tang Shaoyi raised his hand to interrupt Pan Fu's speech when he heard this, and asked him how much global inflation will lead to the depreciation of the renminbi next year, Pan Fu said helplessly: "The Economic Analysis Department of the Ministry of Finance believes that the renminbi will depreciate by at least 20 percent. This also means that next year, the fiscal budgets of various departments will be higher, and the amount of currency issued will hit a new high. ”
Wang Maoru shook his head and smiled bitterly, okay! It turned out that after a long time, the Ministry of Finance meant that China would fall into a fiscal crisis next year, but it did not directly say it.
The Ministry of Finance, as the country's financial allocation department, naturally does not lightly say that China is about to enter a financial crisis country, and they just put it another way, but all of you here are discerning people, and they know what they mean.
Since the Ministry of National Defense and the Chinese Ministry of Finance have set a target of 36 percent of the fiscal revenue, the Ministry of Finance will supplement the Ministry of Defense with 7.2 million silver dollars by the end of this year. This made the officers of the Ministry of Defense excited, and with 7.2 million silver dollars, the Ministry of Defense can do a lot of things.
However, as soon as the Ministry of Finance's year-end report ended, some people could not wait to come up and prepare to criticize the proportion of the Ministry of National Defense's spending, and a Kuomintang lawmaker immediately shouted: "Defense spending occupies too much of the fiscal revenue, our country is not a military junta empire, and now that China is peaceful, why do we need such huge expenditures?" ”
Another member of parliament retorted: "The proportion of defence spending was set at the beginning of the year, so why didn't you shout at that time?" Did someone instruct you to attack our national defense? Have you been bribed by an enemy country? You traitor, you don't deserve to be a member of the country! The parliamentarians immediately quarreled with each other, Wang Maoru smiled bitterly, okay, it is better to let the report of the Ministry of Finance end until noon when everyone is hungry, so that everyone will not have the strength to quarrel.
Tang Shaoyi represents the supreme power of the State Council, and at this time he immediately rang the police hammer, but after Dangdang knocked three times, the members of the Kuomintang and the non-Democratic Party kept arguing, and no one stopped, not even Sun Liwen couldn't stand it, he was so angry that he almost coughed up blood. The Hu Han people shouted: "Calm down, calm down." But to no avail.
They insulted and accused each other, the Youth Promotion Association and the Ba'ath Party accused the Kuomintang, the people of the Kuomintang retorted loudly, and the Progressive Party sometimes made strange noises to provoke while watching the excitement from the sidelines. There was a sudden chaos in Congress, but fortunately there were no reporters involved in the congressional report, otherwise it would have been a joke for people to write it down.