After giving Ha Ting a gift, Xiao Su and the others were relieved. The impact of Ha Ting's remarks was huge, but we cannot help but admit that the freshness brought by this old man was refreshing.

The problem of stock trading is actually not new in the Empire. Many people work together to invest in and operate industries to calculate shares according to the investment ratio, and the sale of these shares becomes equity transactions. However, this kind of equity transfer transaction is mostly between acquaintances, and there is no real equity transaction. If a stock exchange is to be established, the imperial finance department may have to send people to inspect the operating conditions of stock exchanges in the Western Continent countries. Futures trading may be even more troublesome, but it is enough to effectively avoid the risks of agricultural products. This benefit alone is enough to make a good decision. Low grain damages farmers, and shortages of grain kills them. This contradictory complex is undoubtedly not enough to adjust by establishing a grain reserve mechanism. If it can be adjusted by futures trading, it will undoubtedly reduce this risk to a lower level.

The sale of mortar yards and rubber making factories is even more unacceptable. These two products can not only make huge profits for the empire, but also allow the empire to maintain control over these two strategic products. This is very important, but Harting's words also make sense. Both products are important materials related to people's livelihood. The imperial people's demand for it is extremely huge, especially mortar. The output of more than ten mortar yards is difficult to meet even one-tenth of it. This seriously restricts the empire from promoting its huge infrastructure construction plan. If these mortar yards can be sold, more mortar yards can be re-planned and built, and the huge profits can also stimulate more private funds to flow into these industries. This driving effect cannot be ignored.

"Your Majesty, Mr. Harting's suggestion is indeed good. I think it will take sooner or later for stock exchanges and futures exchanges. The positive impact of these two institutions is obvious. Meli is also a part of the empire. If there is more suitable, it is not impossible to build it there. Moreover, as Mr. Harting said, as long as other places are in ripe, we can still build a second one. Now Meli's trial can accumulate some experience for us." Su Qin finally broke the silence. He supported Harting's suggestion.

"As for selling mortar farms, this is a good suggestion. The mortar production process is not complicated, and it is very difficult to keep it confidential. It is better to take this opportunity to fully develop and seize the market. The domestic needs of the empire are already an unimaginable number. Therefore, I thought it was necessary to sell and build more mortar farms. I just silently estimated that the empire alone needs to establish at least twenty mortar farms and expand their output, which may be able to barely meet the construction plan implemented by the empire. As for private construction, I dare not count them."

"Well, I agree with this view. The rubber making factory will also open up the sale. The imperial government can retain the necessary equity, but the seller must choose a person who is absolutely loyal to the empire. Fortunately, our gunpowder invention has not been officially industrialized yet, otherwise, the old man Harting will know it, and I don't know what he will think." Wu Feng nodded slightly, supporting Su Qin's view.

"Your Majesty, gunpowder manufacturing must not be announced to the public like mortar and glue. The military uses of this kind are too huge and can only be controlled by the imperial government. I think this kind of thing is likely to change the way of war in the future. Even if it is urgently needed by the people in the future, it can only be used by the military or the government."

Xiao Tang was shocked. Although the invention and production of gunpowder was the first invention of the Imperial Science and Technology Development Department, in fact, this thing had appeared a long time ago, especially the firecrackers of the people and the cannons in the army were widely used as early as the Tanghe Empire, but it has not attracted people's attention. The Imperial Science and Technology Development Department just improved the formula of gunpowder and began to be used for other purposes, especially for military purposes. For example, the Science and Technology Development Department has been studying a kind of musket, which places gunpowder in a closed metal tube, and uses the driving force of the burning of gunpowder to push and shoot out the metal projectiles. It is said that the range has exceeded the crossbow, and it can also fire multiple metal projectiles at one time. Although further development is still underway, this has allowed Wufeng, Xiao Su and the two Privy Council envoys of the Privy Council to see a new light shrouding the empire.

"Brother Xiao said that the formula of this kind of thing must not be revealed to the outside world. The empire should block it as the first-class secret. Didn't the Ministry of Science and Technology and Development have been studying the effect of gunpowder in the use of weapons improvement with the Privy Council? Both muskets and sky-bombing thunder have already been sampled. I wonder if it has been tested by practice?" Su Qin also firmly opposed the introduction of this new gunpowder formula to market. In his opinion, this can only be controlled by the government and the military, and this kind of production will never be allowed by the people.

"Haha, you two seem to be more anxious than me. I didn't say that gunpowder is like mortar and glue. At present, the production and scope of gunpowder have not been officially clarified. The formula may still have a lot of room for improvement. Although a batch of samples have been produced by the musket and the sky-bombing thunder and have undergone a series of use experiments, it is worth further discussion on how much this kind of thing can play in war. The sky-bombing thunder may have a miraculous effect when siegeing the city, but the requirements for casting cannon barrels are too high.

It seems that the iron smelting department has not been able to produce completely satisfactory products so far. This requires the improvement of the technical level of the metallurgical department. There are more problems with muskets, too slow shooting speed, many fire failures, and easy to get damp. Alas, it seems that new things have never been so easy to become mainstream." Wu Feng said with some regret that muskets and thunder have shown their powerful side, but the disadvantages and defects are also obvious. If you want to improve and reform, these problems will not be effective in a short time.

"Your Majesty is not too anxious. As far as I know, several large smelting factories are trying to improve iron smelting technology. The Imperial Science and Technology Development Department has provided them with a lot of help, and at the same time, one million gold coins have been given. If any smelting factory can first make breakthroughs in the iron forged, it can not only enjoy patents, but also get a one million gold coin bonus from the Science and Technology Development Department. Now several large smelting factories are working hard to carry out large-scale experimental improvements in mineral processing, fuel and iron smelting furnaces, and have also hired many technicians from the Western Continent to spend huge amounts of money to build a new iron smelting furnace, hoping to make a breakthrough in the shortest time. As long as you make a breakthrough in this regard, the bottleneck that has troubled the sky thunder can be solved."

Xiao Tang was also full of confidence in the current economic development situation of the empire. The only thing he felt a little distressed was that the Science and Technology Development Department spent too much budget. In the budget at the beginning of the empire last year, the Science and Technology Development Department proposed a budget that exceeded his imagination by twice, which made almost all department heads criticize the Science and Technology Development Department for a big blow. However, this was fully supported by His Majesty the Emperor. Now it seems that the funds of the Science and Technology Development Department are still used to the point, and at least they have achieved good results in stimulating the development of the iron smelting department. A bonus of one million gold coins has at least made those iron smelting factories invest tens of millions of more imperial gold coins for technological transformation and expansion of production. It is still quite cost-effective to calculate the accounts like this.

"I am not anxious, but I see such a powerful weapon that cannot be used in actual combat. Are you thinking that this is not an intention to make people uncomfortable? If these shortcomings and defects can be solved and deal with the heavy cavalry of the Liberians and the fortress pass with high walls and thick fortresses, I will have an extra trump card in my hand, and the Eastern Continent will be even more stable!" Thinking of this, Wufeng was full of energy, but unfortunately, all this has to be achieved by the science and technology development department.

"Your Majesty, we are a little off-topic again. Did you decide whether Mr. Harting's suggestion is made? If we are sure that we can set up a stock exchange and a futures exchange in Luxor, we have to send personnel to study in the Western Continent immediately, and the Ministry of Finance and Governor of Iron and Lift must also be arranged and deployed by the Ministry of Finance and Governor of Iron and Lift, and there are also matters of the mortar field and the rubber making factory,..." Xiao Tang and Su Qin exchanged a wink before pulling Wufeng's imagination back.

"Well, I have decided that it is better to do it early than to do it late. Since Luxor has the best conditions in all aspects, Luxor will start now. However, Luxor is thousands of miles away from the mainland of the Empire. I think that establishing stock exchanges and futures exchanges can only radiate the Indian and German and Central Continent regions to the mainland. The Empire still needs to establish these two institutions in the Eastern Continent to promote the further sustainable development of industry and commerce in the mainland of the Empire. Everything can be learned. Luxor takes the lead. I also think that I can choose a place to keep up with it. I cannot let the Empire lag behind the territory in the west of the Empire. Strengthening the foundation is the foundation for the Empire to maintain its strength."
Chapter completed!