When he talked about his profession, Fatty's nose was red and bright like a light bulb.
He said sincerely, "Your Majesty, I won't hide it from you. Our Iron Treasury relies on lending and has a profit margin of at least 10% to 30% a year.
That is to say, for a business of 100 gold royals, we can get a profit of about 20 gold royals.
If you don't believe me, you can ask the other banks in the trading city.
They are not as stable as the Iron Treasury, probably between 45% to 64%.
Well, we only earn and don't lose, they earn and lose. "
"That is to say, if I want you to be the middleman for food, I will give you at least 10% of the profit?" Danny said.
"This, should be more than 20% …" Fatty rubbed his hands and said embarrassedly, "The average profit is around 20%. If you want a blacksmith to sell flour, then the profit of the flour industry can't be lower than that of a blacksmith. Don't you think that makes sense? "
"The annual interest of the Iron Treasury's loan to the Iron Throne is only 6%. How much lower is it than 20%?" Geralt said coldly.
Looking at the bitter smile on Fatty's face, he said, "Sir Geralt, you have to consider the risks when doing business. A business with no loss will naturally have low profits. A business with high risks must have high profits. If not, it will go bankrupt.
For example, lending to sea merchants is very risky.
If there is a slight accident, the ship will be destroyed and people will die. The merchant will jump into the sea and our loan will sink.
Therefore, the interest is as high as 80% to 500%. Even so, not many banks dare to allocate funds casually. "
"Why do you think that buying food for the Queen is riskier than lending to the Iron Throne? The Queen has already stored the cash in the Iron Treasury, how can she go back on her words? And the Iron Throne … I hope you can clear the debt before next summer. "Geralt's purple eyes were full of mockery.
"The Iron Treasury cannot be defaulted!" Fatty first said it like an oath, then smiled and explained, "The Iron Throne used the identity of the Andals, Loynar, and First Peoples' King to borrow from the Iron Treasury with the entire Westeros as collateral.
As long as the Seven Kingdoms still have kings, as long as the Westeros still exist, we will definitely be able to get back the principal and interest.
But Dragon Queen wants us to be the middleman. Middlemen are still merchants, and merchants will lose money.
For example, the Dragon Queen spent millions to buy food and stored it for five years. In the end, it became moldy and spoiled. She definitely wouldn't want it. Wouldn't the loss be counted as the middleman's fault? "
Hearing this, Danny's expression changed several times. She sighed and said, "I originally just wanted you to work for me."
But you jumped into the pit yourselves. Who's to blame?
"Oh? Tell me about it, "Fatty raised his eyebrows.
"The Iron Treasury will accept my employment and become my grain purchasing manager. You will be charged for your service and won't have to bear any risk. There shouldn't be a 20% commission like that, right? "Danny said dejectedly.
Fatty Bersalo nodded with a smile and said, "Yes, if it's the cooperation model you mentioned, then at most 15% profit."
"Your Majesty, you've said it yourself. Unlimited purchase of grain is a huge business that costs tens of millions of gold royals. The entire continent of Ursos is covered. How much manpower and resources will the Irongold Vault have to invest?
Just like the example you mentioned before, if you want blacksmiths to change professions, you must have a higher profit margin than blacksmiths.
For your grain purchasing plan, the entire Irongold Vault will have to be mobilized. This will seriously delay our original business. It's almost equivalent to changing professions from bankers to grain merchants. "
"In other words, if you don't want to be a manager and become a large grain merchant, you will sign a contract with me as a seller?" Danny confirmed again.
"That's right. You only need to deposit the gold into the Irongold Vault in advance and pay a 30% deposit. We will definitely give you the same amount of grain five years later.
As for how we buy the grain, what price we buy it at, and how we store it, you don't need to care.
If you pay five times the price, we can even help you transport the grain to Dragonstone Island, "Bersalo said confidently.
Dragon Queen nodded reluctantly and said, "One last question. How much grain can I receive in five years?"
"That depends on how much gold you have," Bersalo said.
"You're that confident?" Dragon Queen raised her voice.
"The current price of grain is about 200 thousand gold royals for ten thousand tons. The land in the Rohn River is fertile, and it ripens twice a year … Considering the upcoming winter, let's say it ripens once a year. One acre of ripened land requires at least 200 kilograms of grain. Ten thousand tons is about a hundred thousand acres of land.
Just the Andarus Plains of the Upper Rohn River alone can provide one billion acres of farmland and pastures.
If from now on, one billion acres of land will be sown with winter wheat. One year later, a hundred million tons of wheat will be harvested. You will have to pay two billion gold royals for it. Slaver's Bay has two billion gold royals? "Bersalo smiled confidently.
Andarus was the homeland of the Andals. To the west was the Braavos Strait, to the east was the Upper Rohn River, and to the south were mountains.
Although there were many hills, because it was surrounded by mountains and rivers, there were many plains suitable for farming. It was definitely the foundation of an emperor.
Unfortunately, the conflict between civilizations in Ursos was too intense. The Andals, who were powerful in the Westeros, could not protect their ancestral land.
Now, the Andals in Ursos were almost wiped out, and Andarus fell under the control of the Braavos people.
Andarus basically supplied all of Braavos' food, meat, milk, and production materials.
Yes, the Water City of Braavos had a large area of influence, and did not lack food.
But Fatty was still bragging.
Not to mention one billion acres of farmland, the vast Andarus had two billion acres of arable land. But arable land was not the same as arable land.
At the very least, the farmers needed to take care of the farmland!
Even the Great Celestial Empire did not have two billion acres of arable land!
Danny's Slaver's Bay was ten times more fertile than Andarus. The two rivers and the Kaiyuan Plains covered hundreds of thousands of square kilometers.
But limited by the population, the farmland that was effectively used was not even enough to cover twenty million acres.
Without a doubt, the population of Braavos was not as large as Slaver's Bay, and it was impossible to grow one billion acres of wheat.
But Danny did not care if Fatty was bragging, as long as he could grow the food she needed.
"I have fifty million gold royals worth of gold, eight million gold royals worth of silver, and about ten million gold royals worth of jewelry."
Danny reported a shocking number. Geralt Dane and the Chief Swordsman were shocked, but the Sea King and Bersalo were calm.
In fact, anyone who had been to the Iron Treasury's Hidden Gold Cave would not be shocked by a "small amount" of tens of millions of gold royals.
"This … We don't accept silver." Bersalo hesitated.
Although silver was only worth eight million gold royals, its volume was more than fifty times that of fifty million gold royals.
Transporting thousands, tens of thousands of kilometers, would the Iron Treasury suffer a loss?!
"If you don't accept it, then don't. I have to leave some money to set up a bank in Slaver's Bay." Danny said casually.
"This …" Bersalo's eyes lit up, and he smiled kindly. "Can the Iron Treasury invest?"
"No, I want to set up a national bank, and foreign investment is not allowed. But you can set up a branch of the Iron Treasury in Slaver's Bay." Danny said.
"Great!" Bersalo was even more delighted.
Although the Gith people had fallen, there were two things they did very well. First, their economy was completely independent, and there was not even a foreign bank in the entire Slaver's Bay.
Second, their own Temple of Divine Grace had become a brothel, and their religion was in a mess, but they firmly resisted foreign religious forces. They were almost the only country in the world that did not have a Red Temple.
Yes, even the port cities of the Westeros had a Red Temple.
"Finally, I need a fleet, either rented or bought, and a group of sailors to set off immediately, to the Great Wall, to the East Sea, and to bring the barbarians waiting there to the narrow sea for winter." Danny said.
"Barbarians … You want to use the power of the barbarians beyond the Great Wall to attack the city-state of the narrow sea?" The Sea King was surprised, and immediately shook his head. "Braavos can't do this business with you."
"Braavos has also joined the alliance?" Dani asked calmly.
"Braavos is against slavery, why would they join the alliance? But we don't want to see the political situation of the city-state of the narrow sea change, which would conflict with the interests of Braavos. "The Sea King said firmly.
"I just want to find an unclaimed land in the Land of Strife for the barbarians to survive this winter." Danny sighed.
"Haha, do you believe your own words?" The Sea King sneered.
Danny turned her gaze to the fat keeper who was listening with a smile. "Braavos is not the only one with a ship, and you can't stop me. Why don't you make money, and I save some time and energy, and we can all be harmonious? How about that? "
The fat man's eyes flashed, and he asked, "Must you bring the barbarians to the Land of Strife?"
"I have signed a 'Three-Way Lease Agreement' with the barbarians. It is a sacred contract, and cannot be violated." Danny smiled gently, and her tone was firm.
The fat man looked at the gloomy Sea King, and said awkwardly, "This is a serious matter, and we have to discuss it.
Also, we have to discuss the specific regulations of the 'food comprador'. Why don't Your Majesty stay at the Sea King's Palace for a few days, and we can discuss it in detail? "
Danny shook her head and said, "I will leave tonight. Sell the ship or not, just say it. As for the terms of the purchase of food, Sir Geralt Dane is fully responsible, and the White Knight is qualified to sign the contract on behalf of the Queen. "
Besaro approached the Sea King, and said softly in a voice that could be heard by the Dragon Queen, "I will ask the doctor and the guard. They are by the Moon Pool. "
The Sea King's face changed, and he said angrily, "When did this happen? Why didn't I know anything about it? "
Besaro looked at Danny and said to the Sea King, "They are very concerned about the arrival of the Dragon Queen, and they are riding a purple ship behind your fleet. It was a last-minute decision."
The Sea King was the ruler of Braavos, and he had the same power as the King.
There were no titles like Duke or Earl under the Sea King, and the city manager was a knowledgeable doctor and the guard of the iron treasury.
The doctor of Braavos was as knowledgeable as the doctor of the City of Knowledge.
But the position was completely different, and the doctor of Braavos had more power and more direct management power.
In other words, the doctor of the City of Knowledge was equivalent to the doctor of a modern university, and the doctor of Braavos was equivalent to the 'Jinshi'.
Well, it was similar to the scholar-bureaucrats of the ancient Celestial Dynasty, which built the civil service system of Braavos.
Of course, there was a difference with the scholar-bureaucrats, and the doctor here was similar to the title of nobility, and could be passed down to the next generation.
Well, it was equivalent to the father taking the 'Jinshi' exam, and only his son could inherit his' Jinshi 'position.
Of course, to inherit the family's doctor position, one's knowledge and ability must be qualified, and idiots and idiots were not qualified to become doctors.
The 'guards' were the managers of the iron treasury, and they were composed of shareholders, financiers, key keepers, and lenders.
Strictly speaking, the fatty Besaro was also a 'guard'.
The guards and the doctor formed the real ruling class of Braavos, and even the Sea King was elected by them from the citizens.
The election process was mysterious and complicated, and it seemed to refer to the prophecies of the Moon Singer and the 'oracle' of the God of a Thousand Faces, and ordinary people would never understand.
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