Extraordinary Genius Chapter 813

Extraordinary Genius

Chapter 813 - Exposed

Feng Yuhad tried hard to raise 500 million RMB. He even had to borrow 50 million RMBfrom Fu Guangzheng. But he never expects the provincial government to raise 1billion RMB.

TheCentral Government had issued funds to the province to repair the dams in 1992.The amount raised should not be from the Central Government. The province iscan really raise this amount?

"SecretaryXu, the provincial government is really to invest 1 billion? What about theother departments? You all will not have enough funds to operate." Feng Yu willnever believe this. He felt Xu Changyou is lying to him. After he donated 1billion, the province will invest 100 million RMB.

"You canget someone to check our Provincial Waterworks Department's account now. 1billion RMB has been credited. I promise you the Provincial Government will nottake a single cent, and everything will be issued out to the various cities."Xu Changyou thought to himself. I can't promise if the leaders in the differentregions will use it for other purposes.

XuChangyou’s instructions to the various cities were not to touch Feng Yu'sdonations. It must be used to upgrade the waterworks. As for the amount theyraise, he will not care.

"SecretaryXu, I will really send someone to check the accounts." Feng Yu said.

"You willbe donating so much money, and you should check it." Xu Changyou smiled.

Feng Yusaw Xu Changyou was very calm when he said this. He knew that the WaterworksDepartment's account should have 1 billion RMB. But Longjiang Province can’traise 1 billion RMB from the meager taxes they collected. Was there anything Ihad missed out?

"SecretaryXu, did you get funding from the higher-ups?" This should not be possible too.The Central Government had just given Longjiang Province a sum of money lastyear. Although the money was for agriculture, they should not be giving so muchmoney to Longjiang Province this year. The other provinces will surely jump.

"Thehigher-ups did issue some funds. But most of it is raised by province. To behonest, this is because of your generosity." Xu Changyou replied.

Feng Yunarrowed his eyes and looked at Xu Changyou for a while. Suddenly, he laughed."Secretary Xu, I am going to donate a large sum of money. I want the right to supervisethe usage. This should not be a problem, right?"

Feng Yusaw Xu Changyou's face changed. He knew it. The provincial government is goingto use the fund for other areas. Impossible!

"ManagerFeng, don't worry. No one will dare to touch your donations. If whoever daresto misuse it, I will punish him severely! Even if he is a Director levelofficial, I will demote him to a staff member. I dare to make this promise toyou in front of the whole province. The Provincial Government will not touchthe funds too." Xu Changyou righteously said.

Feng Yulaughed. "I still want to let my men supervise."

"ManagerFeng, you don't trust me?" Xu Changyou pretended to be angry.

No matterif it was in Feng Yu's previous life or this life, Xu Changyou had goodreputation. He was not corrupted and was a man of his words. He had never goneback on his promises. But Feng Yu noticed what Xu Changyou said was a trap.

The moneyI donated will not be touched? Then the fund raised by the province can be usedin other areas? That means the repair of the dams will all be using the money Idonated?

Theamount raised by the province should be from other projects. Once I made thedonations, they will transfer back the money ' borrowed' from other projects.

Fat hope!

"SecretaryXu, what I want to monitor is the usage of the 2 billion RMB fund. It is not 1billion." Feng Yu said.

"ManagerFeng, the Province will monitor the fund closely."

"With alldue respect, I trust you. But I don't know the leaders in the other cities. Ifthe cities' leaders want to use the funds, the head of the waterworks dare tonot give them the money? You can only promise my donations will not be used inother areas. What about the amount the province raised? You will not care abouthow it is used?" Feng Yu sneered.

You wantto play these little tricks with me?

XuChangyou knew Feng Yu had seen through his petty tricks. But he still wants toget the donation. After all, the donation is vital to the province.

"ManagerFeng, I will be honest with you. The province does not have so much money toupgrade the waterworks. The dams in our province are still in good conditionand do not need much upgrading or repairs."

"Thatmeans the province only want to use my money to upgrade the dams? What's theuse of the Waterworks Department? Do you know how much I can make with 1billion RMB? What can I get in return by donating this amount to you all? Don'ttell me about my reputation. I am not interested." Feng Yu said coldly.

"ManagerFeng, didn't we agree about this?"

"Yes. Wedid agree about this. But the provincial government's att.i.tude reallydisappoints me. You all are trying to cheat my donations. Even if I don'tmention the contributions I made to the province, you should also know. Now, Iam telling you this. I will donate 1 billion RMB. But my men will monitor the 2billion RMB fund. No one is allowed to use it without my men's approval!"

XuChangyou's face changed. "Manager Feng, this is too much. Since when did youhear the Government's money is managed by a private ent.i.ty?"

Feng Yuasked him back. "Since when did you hear anyone that donates 1 billion RMB?"

What? Ihave the money, and I am the boss. If you are capable, tell me you don't needmy money, and I will leave immediately!

Both wentquiet. Feng Yu was very disappointed with Xu Changyou over this incident.

"ManagerFeng, how about the province invest this amount over two years? We will invest500 million RMB this year and another 500 million next year!" Xu Changyou did amental calculation and knew 500 million RMB was still possible. As for theopposing voices from the various cities, he can only shut them up forcefullywith his authority.

"If theProvincial Government is going to split the budget over two years, then mydonations will also be over two years. The condition is still the same. I willdonate the same amount as the government's budget. The usage of this fund mustbe monitored by my people. I am donating to build and repair dams. I am notdonating to the cities to use it in other areas."

This wasbetter for Feng Yu. He had barely managed to sc.r.a.pe together 500 million RMBnow. But it should not be a problem next year. He should have sold his sharesby then and will get back his capital. His companies' profits should also beenough. Feng Yu also does not want to take out 1 billion RMB at once.

"Fine.Manager Feng, the Provincial Government, will raise 500 million and you willdonate 500 million RMB. We will jointly monitor the usage of this fund. Anyusage of the fund needs the signature of both parties. Is this alright?"

"Noproblems. Also, the dams I want must be able to withstand severe flooding. I donot want to see any shabby work. The plan proposed by the ProvincialConstruction Company and Inst.i.tute of Waterworks is excellent. I don't want tosee any of the dams are built using compact soil.

It ishard to notice when insects like ants or bugs build nests in compact soil. Thiswill loosen the soil and might cause the dam to collapse.

"This isnot a problem as long as the Waterworks Department gives approval!" Xu Changyouagreed.

"SecretaryXu. I guarantee that repairing and upgrading the dams is beneficial to thepeople of Longjiang province. Preparing for the future is better than doingsomething after disaster strikes. The people will remember you."

XuChangyou sighed. "You are right. Prevention is better than cure. I will put astop to those unnecessary projects in the various cities. The province willonly focus on agriculture and waterworks these two years!"

Yes. The donation is secured. Although upgrading the waterworks might not help the economy, but this is something that will benefit the people. As for economic developments, let's think of other ways.