Chapter 814: Ship King (3rd update, please subscribe)
I don’t know how much of a response this piece of document caused.
With the promulgation of the incentive measures from the Ministry of Industry and Commerce, dozens of private shipyards in the Ming Dynasty all borrowed money from banks to expand their shipyards.
Not only can they get preferential loans, but they can also apply for technical assistance. For many shipyards, the former is not as important as the latter. After all, in addition to loans, they can also obtain funds from various channels. But technical support is the most important. With technology, their shipyards will be able to obtain more orders in the future and grow stronger.
For a time, investing in shipyards even became the hottest topic. Not only that, even investing in the shipping industry became an extremely lively topic. After all, the high subsidy of 10 yuan per ton of iron-hulled merchant ships, plus the low-interest loans provided by banks, were enough to attract anyone interested in the shipping industry.
Fatty Wang, no, he should be called Wang Guofu, has become a bank manager and has long forgotten his dream of sailing - he dreamed of entering a merchant marine school and becoming a captain. But in the end he joined a bank and worked his way up from clerk to manager, even though it was just a business hall, but it was still a little bit of an achievement.
Today, he was reading several newspapers spread out on the table. Faced with such news, he couldn't remain calm.
50% payment. 50% low-interest loan, plus subsidy!
How could he not be moved?
It’s not just a dream, more importantly, it’s a business that’s sure to make money!
Almost immediately, Wang Guofu called a few familiar friends together, and as soon as they sat down, he expressed his ideas.
“I’m going to start a shipping company!”
Before anyone could speak, Wang Guofu put the document on the table and said.
"50% payment, 50% low-interest loan, plus additional subsidies, we can't pay much even if we pay. After signing the contract, we can use the boat as a second mortgage to the bank. All in all, we only need 20,000 yuan at most to get a boat."
Wang Guofu, who has worked in a bank for ten years, naturally knows how to make the most of bank capital to realize his dreams.
"shipping company?"
Li Chenpu, who was already an engineer at a shipyard, looked at his friend in surprise.
"Fatty, do you really want to do this business?"
The other classmates and friends all looked at him curiously. In fact, they were almost all insiders in the industry. After all, they all studied in the shipyard school. Although only Li Chenpu entered the shipyard and became an engineer in the end, they went to other industries, but they knew a little more about ships than outsiders.
"Shipping business is not easy to do. When the waybill comes..."
"There is no problem with the waybill. All of Ming's iron and coal mines must be imported from overseas. In the future, the demand for coal and iron will only increase, and the transportation volume will naturally increase. I have calculated that according to the current freight rates, even if we use ordinary loans to build ships, we can recover our investment in two years at most, and it will take even less time with interest-free loans. The credit period provided by the central bank this time is 5-10 years. We can repay in installments while using the profits to build new ships. We can build at least four new ships in five to ten years."
What do bankers do best?
That is to make full use of financial capital to serve his own career. Perhaps Wang Fuguo is not a banker, but he is familiar with some of the tricks. Since there is an opportunity, he will certainly not miss it.
Moreover, as a banker, he analyzed various data and determined that the shipping industry would be the industry with the most considerable profit margins in the Ming Dynasty in the future.
After all, as a country with extensive interests overseas, the development of the shipping industry is essential. Seizing this opportunity and entering this industry will surely earn you countless wealth.
Maybe he can't be a captain, but being a shipping king is also good.
"That sounds good,"
Song Le looked at his friend and thought about it.
"Since we have this opportunity, we must not miss it. Wang Hong, Xu Tao, what do you think?"
While others were still considering, Li Chenpu said.
"Fatty, you know, I've only been working for a few years. Although my income is average, I don't have many investment channels except saving money. Um... I can probably take out 8,000."
With Li Chenpu taking the lead, several other friends also expressed their willingness to invest. Although the amount they contributed was no more than 3,000 to 5,000 yuan, and the least was only 1,000 yuan, they still managed to pool together a down payment.
Afterwards, Xu Tao, as a lawyer, drafted a joint-stock company contract directly on a note paper in the hotel.
"What is the name of our company?"
"Let's call it American Asia Shipping Company!"
Looking at his friends sitting there, Fatty Wang smiled.
"America-Asia Shipping Company, what do you think?"
When Li Chenpu, Song Le and others signed their names, they never imagined that just ten years later, American Asia Shipping Company would become the largest private shipping company in the Ming Dynasty. This company not only brought them huge wealth personally, but also played an extremely important role in future wars.
The "Shipbuilding Encouragement Measures" promulgated at the end of the fifth year of Shengde greatly stimulated the development of the shipbuilding and shipping industries of the Ming Dynasty. The real beneficiary was the entire Ming Dynasty. At the end of the fifth year of Shengde, the private shipping companies of the Ming Dynasty only had 378 ships with a tonnage of 291,491 tons. Just ten years later, the number increased by more than 20 times.
At the same time, the strength of private shipyards also developed rapidly. With the technological development of shipyards, the navy's confidence in private shipyards grew. The Imperial Navy also increasingly entrusted the task of new technology development and new warship design to private shipyards, and shipbuilding orders began to shift to the civilian shipbuilding industry.
Although at the beginning, the technology research and development of civilian shipyards lacked strong financial support and the technical reserves were far less than those of the military, civilian shipyards could use private investment to obtain sufficient funds for the expansion of docks and slipways and the upgrading and improvement of maintenance facilities, thus forming a greater advantage over naval shipyards in terms of infrastructure, and further improving their competitiveness in various ship orders.
In the end, the Imperial Navy had become a frequent customer of several large private shipbuilding companies. Almost every level of warship construction would involve private shipyards, and some of these companies eventually became world-class arms giants, not only with strong strength in shipbuilding, but also in related fields such as armor manufacturing and weapons manufacturing. The participation of private shipbuilding companies also further stimulated the development of Ming ship technology and weapons technology.
Of course, all this is a story for the future. The most important thing is that the development of private shipyards has further enhanced the comprehensive national strength of the Ming Dynasty, allowing the Ming Dynasty to seize the initiative in the future arms race and help the Ming Dynasty win the final victory in the war...
(End of this chapter)
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