Chapter 890 The Insurance Industry Turned Out

In the imperial study room, Pei Yun left first, leaving Meng Zhida alone.

Ouyang Shuo first mentioned the matter of providing an administrative loan of one million gold coins to the province of Morocco, and said, "This matter needs to be handled on a special basis, and the procedures can be simpler. Transfer the money as soon as possible, and use it urgently."

Meng Zhida nodded and said: "Your Majesty, please rest assured that this minister will personally supervise the matter, and coordinate with the governor of Morocco's yamen, and try to get the payment approved within a week."

Ouyang Shuo smiled in satisfaction, he liked Meng Zhida's swift and resolute behavior. Although Pei Yun and other historical civil servants are useful, they still carry the traces of ancient officialdom on their bodies, and they are not straightforward enough to handle things.

Unlike players like Meng Zhida, in reality, what he believes in in the workplace is efficiency first.

Ouyang Shuo summoned Meng Zhida this time mainly not because of this matter, but because he had an idea and wanted to meet Meng Zhida, the shopkeeper of the bank, to see if it was feasible.

This idea was faintly present when they attacked Morocco, and it became clearer when the Friendship City incident broke out.

Ouyang Shuo said, "Do you know the compensation for merchants in Rabat City and Friendship City?"

"My minister knows a thing or two."

"what do you think about this matter?"

Meng Zhida was taken aback. This was not within his scope of authority. It was just that the king asked, so he had to say something. After thinking for a while, he said briefly: "Short-term benefits will be damaged, but long-term benefits will be gained."

Meng Zhida analyzed the matter from the perspective of investment, and sure enough, the three sentences were consistent with his old profession.

Ouyang Shuo revealed the mystery and said, "This king is thinking, if the court compensates the merchants every time they lose their interests, if things go on like this, those merchants will become dependent and act recklessly."

People's hearts are the most complicated, especially for businessmen.

In reality, defrauding government subsidies happens from time to time, let alone in games.

This is the difficulty of governing the country. Some policies issued by the imperial court may have good intentions, but if they are implemented for a long time, they may become out of shape in the future.

Therefore, when formulating policies, the imperial court had to take all aspects into consideration, and it was not something that could be decided on a whim, and Ouyang Shuo did not want this compensation model to become a common practice.

Ouyang Shuo was wondering if he could find a more creative solution.

Meng Zhida echoed and said, "Your Majesty's concerns are not unreasonable." Meng Zhida was no longer surprised by the viciousness of the King's view of the problem, but was used to it.

Ouyang Shuo said: "Since this is the case, is it possible for Universal Bank to use this opportunity to develop insurance business, starting from the most scarce marine insurance?"

The concept of insurance is not unique to modern society.

In 2500 BC, the Babylonian Kingdom ordered monks, judges, and village chiefs to collect taxes as funds for fire relief. Ancient Egyptian stonemasons set up funeral mutual aid organizations to solve the funds for burial by paying dues. Soldiers in the era of the Roman Empire raised funds to provide living expenses for the bereaved families of the fallen soldiers. These are the original prototypes of insurance, and then gradually formed the insurance system.

With the development of trade, in 1792 BC, in the era of Hammurabi, the sixth king of Babylon, business was prosperous. In order to aid business and protect the caravan’s mules and horses and the compensation for the loss of goods, in the Code of Hammurabi, stipulated Clauses for joint sharing of compensation for losses.

This situation is very close to the loss compensation mechanism of the Great Xia Dynasty's ocean-going caravan.

In 916 BC, on Rhodes Island in the Mediterranean Sea, in order to ensure the normal progress of maritime trade, the king formulated the Rhodesian Maritime Law, which stipulated that a certain cargo owner suffered losses, including the owner of the ship and the owners of all the cargo on the ship. The beneficiaries share together, this is the essence of marine insurance.

The Great Xia Dynasty had the advantage of monopolizing world trade and shipping routes, the unprecedented prosperity of ocean trade, and the strong financial strength of the Four Seas Banks provided conditions for the Dynasty to develop worldwide marine insurance business.

After hearing this, Meng Zhida's eyes were brighter than ever before, and he said excitedly: "Your Majesty's proposal is very feasible. With the establishment of the dynasty, the savings of the Four Seas Bank continued to grow, and the funds became stronger. On the contrary, with the annexation of domestic territories, Intensified, loan customers are gradually shrinking."

"The bank's savings are facing the embarrassing situation of not being able to spend them. At this time, the insurance business really not only solves the bank's plight, but also provides a new profit growth point. It is feasible, really feasible."

In fact, Meng Zhida said a little bit less. Once the insurance business is successfully launched, it means that the modernization process of the Great Xia Dynasty will take another step, and it will also greatly promote ocean trade.

With the guarantee of insurance, the passion and motivation of merchants to carry out ocean trade will be further stimulated.

In this regard, Europe, as the birthplace of the insurance industry, does not have such unique conditions. After all, there are few players in European countries, but the banks they set up cannot absorb such strong funds as the Universal Bank.

Even in ocean trade, they have already fallen behind the Great Xia Dynasty.

Looking at the world, except for the Panama Canal on the American continent, the Great Xia Dynasty has completed the layout of major global key waterways. European and American countries can only follow the Great Xia Dynasty and eat some leftovers.

Ouyang Shuo did not expect Meng Zhida to be so excited, and said with a smile, "This king is just a proposal. The specific feasibility assessment and implementation plan will depend on you professionals."

Meng Zhida bowed and said excitedly: "Your Majesty, please rest assured that Qianzhuang will definitely evaluate the feasibility of developing the insurance industry in the shortest possible time and come up with a feasible implementation plan."

Ouyang Shuo nodded and said, "That's good, I am waiting for your good news."

Who would have thought that in this room, after the entertainment industry, another industry would burst into unprecedented brilliance in the game under Ouyang Shuo's bold expansion, rising like a pearl.

…………

After Meng Zhida left, Ouyang Shuo asked Tsing Yi, "How is the progress of the negotiation of the vassal state agreement with Stubborn Stone City?" When Ouyang Shuo went to Friendship City to deal with emergencies, relevant negotiations had already started, ten days ago.

Before leaving, Ouyang Shuo told Tsing Yi that the Miwen Pavilion would follow up on this matter.

Tsing Yi raised his head, picked up a document before the case and handed it over, saying: "It was basically finalized two days ago, and the lord of だ砆 has no objections. I will wait for you to come back and make a final decision."

Ouyang Shuo took the document and said with a smile, "It's quite efficient."

Tsing Yi explained: "The lord of ず砆 was a little anxious, so the negotiation went much smoother than expected."

Ouyang Shuo understood immediately, and while flipping through the documents, he casually asked, "We didn't take advantage of others, did we?"

Tsing Yi said with a smile: "You told me before you left, how dare they."

"That's good."

After flipping through the document, the clauses inside were basically consistent with Ouyang Shuo's idea.

Obstinate Stone City regards the Daxia Dynasty as the suzerain state, and needs to do the following.

First, proclaim yourself a minister.

砆 was appointed by the Great Xia Dynasty to serve as the prefect of Fengtian County. Within the jurisdiction, under the framework of the Great Xia Dynasty Code, he enjoyed a high degree of autonomy.

Second, turn over diplomatic power.

Stubborn Stone City needs to be consistent with the Great Xia Dynasty at all times in the diplomatic field, and major diplomacy needs to be reported to the Great Xia Dynasty in advance. When necessary, Honglu Temple of the Great Xia Dynasty can participate in it.

Third, turn in the offerings.

Obstinate Stone City pays 300,000 gold coins for offering every year, which can be resisted with coal of considerable value.

Correspondingly, the Great Xia Dynasty also had to fulfill the following obligations.

One, conferring a title.

The Great Xia Dynasty had to confer the title of third-class marquis on と砆, and seal Fengtian County as the fiefdom of と砆.

Second, military asylum.

In addition to helping the stubborn stone city to form a coastal fleet, the Great Xia Dynasty also needs to station a field army in the stubborn stone city. Of course, the regiment's daily military expenditures are borne by Stone City.

Third, exemption from tariffs.

For the entry of goods from Stone City, the Great Xia Dynasty exempted all import duties, and truly achieved zero tariffs. Of course, the goods of the Great Xia Dynasty entered the Stone City, and they were also exempted from tariffs.

Fourth, other assistance.

The Great Xia Dynasty needs to train 100 civil servants, 50 military generals, 100 medical officers, 50 shipbuilders and 100 blacksmiths for the stubborn stone city every year.

In addition, the Great Xia Dynasty will also invest in industrial projects such as steelmaking plants, arsenals, and artillery manufacturing in the Stone City to promote the industrialization process of the Stone City.

The above are just big terms, and there are also detailed rules in the agreement involving politics, military, economy, culture, technology and other aspects, covering all aspects of territory construction.

Generally speaking, this is a win-win plan. Stubborn Stone City sacrifices a little honor and autonomy in exchange for the full support and military protection of the Great Xia Dynasty.

After reading the document, Ouyang Shuo's mind was complicated. At this moment, he thought of the lively scene at the beginning of the [Shanhai League] establishment. It's only been a few years, and allies have disappeared one by one.

The only one left behind was an ally in Luofeng City.

The time has changed. Shanhai City, which needed allies to compete with [Yanhuang League] at the beginning, has grown into a giant in China, and has become an existence that [Yanhuang League] needs to fear and look up to.

And Ouyang Shuo's eyes have already turned to the world, and his main competitor has changed from the powerful [Yanhuang League] to the even more powerful [Silver Hand].

Ouyang Shuo's own thoughts became more and more elusive for outsiders. He transformed step by step from an enthusiastic young man into a lonely king, sitting on the cold throne, with no friends to talk to.

Survival of the fittest, the wilderness is so cruel and so real.

"Your Majesty?" Tsing Yi reminded, interrupting Ouyang Shuo's meditation.

Ouyang Shuo was taken aback, and instantly sobered up, put down the document in his hand, and said calmly, "The king has read the document, so let's draw up a formal agreement accordingly. A signing ceremony will be held at the Summer Palace, and all media will be invited to participate. This news has been made public."

Now that he has done it, Ouyang Shuo is not going to hide it.

"it is good!"

Tsing Yi nodded in response, this is not a difficult task.