Chapter 397 The Royal Navy with a Long Way to Go
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From the point of view of appearance, the currency in front of looks much better than the currency in the market.
At a glance, you can tell that the quantity is sufficient and trustworthy.
"Sir, what is the silver content of the silver coin?"
"Your Majesty, it's about 50 percent. In the whole of Europe, it can be regarded as a silver coin with a relatively high silver content!"
The so-called silver coins and gold coins are not all forged with gold and silver, but will be added with appropriate other minerals to form an alloy.
For example, silver coins, if pure silver is used to forge silver coins, then the silver coins produced are very soft and cannot be circulated.
If appropriate copper is added, the two will form an alloy, which will beco hard and easy to circulate and use.
Copper is cheaper than silver, so what the mint earns is the difference.
"Currently, what is the exchange ratio between silver coins and gold coins circulating in the market?" Edward thought for a while, turned his head, and asked Sir George beside him.
"Your Majesty, if the prediction is correct, one pound can be exchanged for thirty shillings!" Sir George blinked and said.
"Thirty-two shillings, I rember it was more than twenty years ago!" Edward muttered to himself.
"Yes, Your Majesty!" Sir George replied imdiately.
"Since this is the case, then if the newly minted gold coin and silver coin are exchanged, one pound is exchanged for twenty-four shillings, and each shilling is exchanged for twelve pence!"
Edward looked up, looked at Sir George, and asked.
The exchange ratio of currency cannot be changed as you want, and the cost issue must also be included.
"Yes, Your Majesty!" Sir George bowed his head, making up his mind.
If the exchange rate of His Majesty is followed, the originally estimated profit will be reduced by two layers.
"Your Majesty, if it is one to twenty-four, then the mint's profit will be reduced by two levels!"
"Oh? Really! Then do as I say!" Edward waved his hand indifferently, and said, "It's just a little profit, give it up!"
"Yes, Your Majesty!"
"How much is it?"
"It's estimated to be around 100,000 pounds!"
"Oh! Ah~" Edward was a little surprised, two layers of 100,000, estimated to be 500,000 pounds a year.
But when he looked back, there were more than four million people in the United Kingdom, and fifty pounds was not much.
"By the way, the edges of the silver coins are cast into complex jagged shapes as anti-counterfeiting labels!"
Sir George is also a professional. Hearing this, I don't know what His Majesty the King thinks, but this craft is very difficult.
"Your Majesty, at present, the craftsmanship is not up to this level!" Sir George was overjoyed at first, but then revealed an aggrieved expression, and said.
"Do you still need to teach you this? Look for it throughout the United Kingdom, look for it in Europe, soone will definitely know it!"
Edward looked at this sowhat dull Sir angrily. I heard that he ca out of Oxford University, so why is he so stupid.
After speaking, Edward didn't want to continue to visit, so he got in the carriage and left.
...
England, Portsmouth Harbor.
As the headquarters of the English Navy and the naval headquarters of the United Kingdom, it is very lively at this ti.
Due to the establishnt of the Naval Command Committee, the forr Minister of the Navy, His Excellency Vesta Narnia, beca the deputy speaker of the committee, including the Minister of Ard Forces, the Minister of the Wharf, the Minister of Finance, and the commanders of the three major fleets. Is a mber of the Naval Command Council, directly under the leadership of His Majesty the King and forr Lord of the Navy.
Of course, the newly established Royal Navy has added the Logistics Departnt, the Personnel Departnt, and the Supervision Departnt, weakening the Finance Departnt and the Ard Forces Departnt.
Currently, the entire naval command committee has reached ten people.
"Everyone, these are the regulations promulgated by His Majesty the King, and the responsibilities of our navy after the establishnt of the United Kingdom. Everyone, go back and think about it carefully, and don't go beyond it!"
His Excellency the Secretary of the Navy has a serious expression on his face, and his light yellow and slightly curly short hair makes him look so elegant, full of gentlemanly deanor, and has no military spirit at all.
"Understood, Your Excellency!" Everyone stood up, including the three new ministers, and said in unison.
Although they all joined the Naval Committee, His Excellency Vesta Narnia still presides over the daily affairs of the committee and still manages them.
"Okay, let's go!" Your Excellency the Minister said softly, and then walked out of the conference hall alone.
The others congratulated and congratulated the three newly established ministers. These three were originally deputy ministers, but they suddenly beca equal to them, which was really unexpected.
"Hey! Charles, I heard you made a fortune recently!"
After blessing, Colonel Jas ca over and joked to the bronze-skinned Colonel Charles.
"Hmph! My lord baron, it's a great honor to receive your care all of a sudden!" Colonel Charles looked at Jas' face and said strangely:
"Just don't worry, our Irish fleet is doing well!"
After speaking, Charles turned around and prepared to leave.
Seeing Charles speak in such a tone and attitude, Jas was montarily annoyed, and he quickly chased after him, facing him.
"By the way, my Colonel Charles, don't forget that you have received such a large gift, and I have a share of the credit!"
Seeing Jas' shaless face, Charles curled his lips, a little impatient.
"Hehe! Thank you so much, my Lord Baron!"
passing him, Charles turned and walked away.
"I will always rember your help!"
"Hmph! A commoner is a commoner, with no manners at all! Just wait and see!"
Jas glanced at the back of Colonel Charles bitterly, said a harsh word, and then left.
The entire Royal Navy currently has over a hundred ships.
Among them, there are only three large ships of more than 1,000 tons, and about 20 dium-sized ships of 200 to 1,000 tons.
There are more than 70 small warships under 200 tons, accounting for most of the navy.
If you look at the rankings, Spain is the number one navy in the world, then Portugal, and then the United Kingdom.
However, the strength of the Spanish navy is still more than ten tis that of the United Kingdom, and the United Kingdom is out of reach.
Even if the Spanish Armada was famous in history, it was just a treasure ship conscripted by Spain from the Aricas.
The main power of Spain has been fighting the chickens, stealing a line: for the glory of Catholicism.
But it was only the Arican rchant ship that made the whole of Britain tremble.
Even if the defeat of the Spanish Armada does not an that the British Navy has defeated Spain.
Instead, it ans that Spain can no longer and does not want to attack the British mainland.
On the one hand, the British won the self-defense counterattack and proved themselves to Spain. If you want to destroy , you have to break a few front teeth.
The British Navy has a long way to go!
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