Chapter 119 Refinery and Gold (Subscribe Please!)

Forty-eight pieces of 500-gram gold weigh a total of 24,000 kilograms, or 24 kilograms.

If converted into pounds, the total value of these gold nuggets reaches more than 3,200 pounds.

Although it doesn't seem much, it is actually only one-third of the daily output of the gold mining area.

In other words, if the gold mine output continues to grow, the new gold mine will be able to make at least tens of thousands of pounds a day, which is at least more than 3 million pounds a year.

According to the industrial department's division of the gold mining area and the estimation of gold reserves, the total reserves of this new gold mine are at least 20 million tons.

This will bring tens of millions or even more pounds of income to Australia, and the speed of income depends on the speed of gold mining.

The scale of the gold mine coincides with the scale of Arthur's expected issuance of new currency.

Although he is already planning to issue a new currency, Arthur did not expect to replace the role of the pound in Australia in a short time.

Before the outbreak of the First World War, the British Empire was still the undisputed first overlord, and the status of the pound was irreplaceable, even in Australia, which has become independent.

What Arthur can do is to issue a certain amount of Australia's own currency and let the new currency circulate at least within Australia.

Even within Australia and Oceania, it is a grand plan to replace the British pound with a new currency.

Therefore, Arthur also planned the maximum amount for the issuance of the new currency, which is equivalent to 20 million pounds of new currency.

This is a number determined after careful consideration. If the number of newly issued currencies is too small, it is not enough to circulate in Australia. People will only think about collecting the new currency instead of circulating it when they get it.

If too much new currency is issued, it may be able to achieve good results in a short time.

Once there is any problem with the new currency, or any external factors cause people to reduce their acceptance of the new currency, it is very likely that the issuance of all new currencies will fail.

Even more seriously, it will directly threaten the issuance of the official Australian currency in the future.

After all, once bitten by a snake, you will be afraid of the rope for ten years. If there is any problem with the issuance of the new currency, people will also be involved in the issuance of the official Australian currency in the future.

Under the leadership of Adam Root, Arthur, Prime Minister Evan and Minister Pierre finally saw the first batch of gold bars newly refined by the refinery.

For the convenience of storage and calculation, each gold bar is equivalent to 500 grams, and a total of 48 gold bars are neatly placed in the warehouse.

Although the wealth of Prime Minister Evan and Minister Pierre far exceeds the value of these gold bars, after seeing these piled gold bars with their own eyes, a slight fluctuation flashed in their eyes, but they were quickly suppressed by the two.

Needless to say, Arthur is a super-rich man with a net worth of hundreds of millions of pounds, and this little gold is not in his eyes.

The expenses in Arthur's hands are tens of thousands or even hundreds of thousands of pounds. These thousands of pounds of gold seem to be a drop in the bucket, which can't make Arthur have any fluctuations.

"Director Adam Root, how much gold can your factory produce every day?" Arthur looked at the person in charge of the refinery and asked.

To issue a new currency of 20 million pounds, at least ten tons of gold must be in hand, and a large amount of gold must be mined and produced every day.

Therefore, the speed at which the refinery produces gold also determines the time of issuing the new currency. If there is no sufficient gold reserve, Arthur does not intend to issue the new currency as soon as possible.

"Your Highness, there are many factors that determine the production of gold. If you can ensure that there is enough gold ore delivered every day, and let the workers work overtime to produce, you should be able to ensure the production of at least fifty gold bars a day." Adam Root thought carefully for a while before saying this.

Indeed, as Adam Root said, the production speed of gold depends not only on the refining speed of the refinery, but also on the amount of gold ore delivered and the number of workers, etc.

"This output is still not enough. It must at least basically match the daily output of our gold mining area." Arthur shook his head and ordered: "The output of the gold mining area has exceeded 5,000 tons per day, and it will continue to increase. Under such circumstances, I hope that the refinery can refine at least 5,000 tons of gold ore every day, so as not to waste our investment in manpower and material resources. If you have any questions, you can tell Minister Pierre. Whether it is insufficient workers, insufficient equipment, or insufficient space, you can also quickly expand. In short, I hope that the refinery can match the mining volume of the gold mining area as soon as possible. Can this be done? Director Adam Root."

Adam Root nodded quickly and said: "Please rest assured, Your Highness. As long as enough equipment, manpower and funds can be provided, I promise to increase the gold production in the shortest time."

Director Adam Root knew that Arthur's question did not require him to answer, but required him to make a firm guarantee.

If the gold production cannot be expanded smoothly after providing sufficient manpower, equipment and funds, then Arthur really has to replace the person in charge of the refinery.

In order to keep his position, Adam Root had no choice but to take on the task no matter how difficult it was.

But the good news is that Arthur has guaranteed the supply of equipment and manpower, and there will be no shortage of funds.

Under such circumstances, it is not too difficult to expand the production of gold. At least Adam Root is confident that he can do it.

After getting Adam Root's guarantee, Arthur nodded with satisfaction and ordered: "Gold production is very important to Australia. This will be related to Australia's important plans. If you can do a good job in increasing gold production, Adam Root will also have a lot of credit. Any problems encountered in this process can be reported to Minister Pierre, and he will ensure the smooth expansion of the refinery."

Adam Root nodded repeatedly and agreed respectfully one by one.

The gold bars produced by the refinery will be transported to the Royal Bank vault in Sydney by one of the few cars in Australia for storage until they are needed.

The security of the Royal Bank vault is naturally beyond doubt, and its strictness even exceeds that of the refinery.

The only thing to worry about is the journey between the refinery and the Royal Bank, but because there are military protections accompanying them, there will basically be no problems.

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