Reborn As a Pirate

Vol 2 Chapter 439: Development Fund

The forest is big and there are all kinds of birds... This is a terribly truthful sentence.

The Drake Chamber of Commerce has grown to now have tens of thousands of employees, and there are probably more than 100,000 people around the world who are leading the salary of Lorraine, and millions of people are in the upper and lower reaches of the chamber of commerce.

With such a huge base, it is not surprising that any creatures appear among them, such as Mr. Dong Guo, Mr. Nan Guo, human spirits, scum...

Of course there are talents.

Struns is an excellent talent. Lorraine likes his calculation and layout, as well as his above-standard face and execution ability. These advantages dilute his shortcomings in speech and acting skills, and finally let him in the stone Among them stood out and became a luminous gold.

Chuck still knows people well.

With Lorraine's ability to look at people, it is easy to see that Struns must have been a not-so-good trade manager back then.

However, Chuck selected such a not-so-excellent subordinate from hundreds of managers in the branch, skipped the trade office manager's rank, and was directly promoted to the position of office manager most suitable for his talents. It must have taken a lot of thought.

Lorraine wanted to see exactly what he could achieve, anyway, the development fund was originally prepared for these people.

Under the auspices of Lorraine, the structure of the Drake Chamber of Commerce is somewhat of a shadow of later generations.

His general club and branch have relatively independent decision-making powers, and branch presidents such as Chuck, Ramos, and Eddie basically have complete decision-making powers in their respective positions.

Even if it encounters major events that have to go through the board of directors, the executive committee is also composed of branch presidents, admirals, and vice presidents. There is no need to consult the largest shareholder, that is, the general meeting.

So how does Lorraine guarantee his authority in the club? The answer is the financial system.

Lorraine implements a financial system that combines independent finances and annual budgets in the Chamber of Commerce. The branches and groups of the Chamber of Commerce need to submit their annual budgets for the next year each year. After review and revision by the Chamber of Directors, the final retention money and dividends are determined. proportion.

This system also comes from later generations, which not only retains the independent decision-making ability of the branch, but also deprives them of financial freedom.

But advantages often mean disadvantages.

The budget system has caused the branch to use only limited financial resources. Even if there is a huge sum of hundreds of thousands of pounds on the books, it cannot squander arbitrarily like a true independent chamber of commerce.

Each club or group has two sets of accounts, of which the only one that really belongs to them is the one that was kept in the previous year or allocated by the club.

Limited resources are destined to be tilted to sites with better development and greater potential, and sites like St. Croix with midstream trade volume and profitability are destined to be difficult under the Drake Chamber of Commerce system. If you apply for too much funds, you will naturally lose most of the opportunity for Xianyu to stand up.

This issue was put on the agenda of the General Conference Board of Directors at the end of 1782, and it was Ramos who proposed the motion.

At the annual meeting, he hopes to increase the president’s reserve fund in the budget item, the amount is about 3,000 to 5,000 pounds, to support outstanding projects outside the annual plan of the base station.

This proposal not only aroused Lorraine's interest, but also sparked an upsurge of discussion at the annual meeting.

The first round, the second round, the third round...

After five consecutive recesses, the amount of the reserve fund has been increased to 15,000 pounds. With the structure of the two major branches and the Maritime Group at that time, the total budget will be increased by 45,000 per year, which is almost equivalent to the establishment of a new European branch. .

This is obviously not realistic, not to mention that the Drake Chamber of Commerce has been in a period of rapid development. Even if it does not set foot in new manufacturing fields, Africa and Asia in the future will be enough to raise the money to a sky-high price of 75,000. .

Lorraine briefly mentioned the follow-up development, and then threw out the concept of development fund.

The president’s reserve is merged into the general meeting, the amount is doubled, and competition is fair. Generally speaking, this is a solution for both sides.

After all, the value of the reserve fund does not lie in money, but in the hands and feet of the liberation of the presidents, so that they can confidently and boldly implement their budget plans and implement their ideas more generously.

Development funds can also liberate their hands and feet, and have a higher upper limit. It also solves the problem of excessive encroachment of resources while raising the upper limit.

Because of this, Lorraine’s proposal was unanimously supported in the sixth round of the meeting. The Development Fund was formally established in January 1783, and the General Assembly Asset Management Company was responsible for review and distribution.

It has played a role similar to mid-range guerrilla in Drake's rapid development in recent years.

More than two years after its establishment, 39 projects were initiated and a total of pounds was issued. The smallest budget was 800 pounds, and the largest budget was 5,300 pounds.

According to the rough assessment given by Carmen, these more than 40,000 pounds have created a 6.7% increase in profits for the Drake Chamber of Commerce. If calculated based on the 262,000 operating profits settled in 1784, the annual return reached 17,600, and the rate of return was 42.6%.

But Lorraine was still a little dissatisfied.

The fund account has a balance every year, and most of the projects submitted for review lack courage and creativity. If things go on like this, its promotion effect will become weaker and weaker.

In Muscat, Lorraine discussed a big project with Eddie, preparing to apply for the Sohar office to invest 10,000 pounds from the fund port to Zuwo to speed up the port construction and try his best to grab Massey. The development dividend of the island.

But that project was promoted by the branch after all, and it was difficult to resonate among the stations. In contrast, the St. Croix self-operated project independently proposed by Struns is obviously more suitable for reference by other stations and has the potential to become a typical case.

"The key is how much money should be approved for this project..."

Lorraine rubbed the stubble on his chin.

"If it is only drawn as a pie, this project can be drawn more than Zuwo's ​​construction project in order to touch other stations to the greatest extent."

"But the ultimate goal of the development fund is to make profit after all. If Struns gets the unexpected money but fails to achieve the expected growth rate, it will reduce the fund's return... A typical case may become a typical investment failure. Case..."

"Where is the right number?"

Lorraine grumbled all the way, unknowingly, walked to the third floor and walked to the door of Bell's guest room.

He decided not to want to.

There are many things that need to be integrated to review a project~www.wuxiamtl.com~ Without complete information, there is no point in thinking about it.

The most urgent thing is to exchange Bell back to Lucy.

When Lorraine came out of Lucy, Ms. Ofi had no sign of giving birth. Valkyrie hurriedly hurried on the road, but it was delayed for 69 hours before and after.

He has done his utmost sincerity, and then it's up to Bell's luck.

If the new generation of Earl Brad is willing to wait for his father, Bell still has a chance to see the sacred moment of his son's birth.

Lorraine reached out and knocked on the door, and a thick echo soon came from the room: "Enter."

Lorraine opened the door casually.

Darkness pervades...

In the closed door, the darkness wrapped in the candlelight filled the aisle from the depths of the room, covering Lorraine's feet in the blink of an eye, and the sunlight all over the aisle retreated hastily.

Lorraine looked at the weird scene in front of her from a different place: "Student Judea, did you have rabies?"

"Maybe... worse than this."

Bell's pitiful voice trembled from the depths of the darkness.

"Lorraine, I am dying." This was his first sentence.

"Please be sure to inherit my inheritance and help take care of my poor wife and unborn son." This was his second sentence.

"As far as I know, in order to buy back the title, you not only spent all the dividends, but also advanced at least 30,000 pounds to Carmen. There is only debt in your inheritance."

Lorraine narrowed his mouth in disdain, and said to the room under his umbrella.

"The request is reasonable, but I don't accept it."

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