figure out a long-term way to pay for it out of our own ongoing revenue stream.â
Lock Islandâs eyebrows rose as he gave his young monarch a look of respect. Ironhill, on the other hand, positively beamed, as did Gray Harbor, and Merlin nodded mentally in satisfaction, as well. All too many rulers twice Caylebâs age would have settled for whatever got them the ships they needed in the shortest possible time and let the future take care of itself.
âActually, Your Majesty,â another of the men seated at the table said, âI think paying for the Navy isnât going to be quite as difficult as it might first appear. Not, at least, as long as weâre not trying to raise mainland-sized armies, at the same time.â
All eyes turned to the speaker. Ehdwyrd Howsmyn was short, stout, and very well dressed. At forty-one years of age (thirty-seven and a half, standard, Merlin automatically translated mentally), he was the youngest man in the council chamber after Cayleb himself. He was also, almost certainly, the wealthiest. It was his foundries which had produced the artillery and the copper sheathing for the galleons Cayleb and his captains had used to smash the recent attack upon the kingdom. In fact, his shipyards had built half a dozen of those galleons, as well. Howsmyn was not officially a member of the Royal Council, or even of Parliament. Neither, for that matter, was Rhaiyan Mychail, the sharp-eyed (and almost equally wealthy) man sitting next to him. Mychail was at least twice Howsmynâs age, but the two of them were business partners of long-standing, and Mychailâs textile manufactories and ropewalks had produced virtually all of the canvas for those same galleonsâ sails, not to mention most of the cordage for their standing and running rigging.
âUnless you and Master Mychail intend to build ships gratis, weâre still going to have to figure out how to pay for them,â Ironhill pointed out. âAnd without access to Desnairâs gold mines, we canât just coin money whenever we need it.â
âOh, Iâm well aware of that, Ahlvyno. And, no, Iâm not planning on building them gratis. Sorry.â Howsmyn grinned, and his eyes twinkled. âNeither Rhaiyan nor I have any intention of gouging the Treasury, of course. Thatâd be an outstandingly stupid thing for either of us to be doing at this particular moment. But we do have to manage to pay our own workers and our suppliers, you know. Not to mention showing at least a modest profit for ourselves and our partners and shareholders.
âWhat I was getting at, though, was that as long as the Navy can keep merchant shipping moving, the balance of trade is going to provide quite a healthy cash flow. And under the circumstances, I donât see me or any of my fellow shipowners complaining if the Crown decides to tack on a few extra duties and taxes on the Navyâs behalf so that it can keep trade moving.â
âIâm not as certain as you seem to be about that cash flow, Ehdwyrd.â Ironhillâs expression was far more somber than Howsmynâs. âIf I were the Group of Four, the very first thing Iâd do would be to demand that all of Havenâs and Howardâs harbors be closed to our shipping immediately.â He shrugged. âThey have to be as aware as we are that the Kingdomâs prosperity hinges entirely on our merchant marine. Surely theyâre going to do everything they can to cripple it.â
Gray Harbor frowned, and some of the others went so far as to nod in sober agreement. Howard and Haven, the two main continents of Safehold, contained at least eighty percent of the planetary population. The kingdoms, principalities, and territories in which that population lived were the markets upon which Charisâ merchant marine and manufactories had built the kingdomâs wealth. If those markets were taken away, Charisian prosperity would be