Holy Roman Empire

In July 1856, the government of Vienna officially began to implement the "lock-in plan", the government increased investment in infrastructure and open tenders to the outside world.

At the same time, the railway network also began to re-plan, almost every city has been planned on the railway line, and then tendered.

This time, not only domestic railway companies can participate, but overseas railway companies can also participate in bidding without any investment restrictions.

It is still the old rule that a railway line is only authorized to one railway company, and it is not allowed to repeat construction and waste resources, satisfying everyone's desire to monopolize operations.

It looks very beautiful, the prerequisite is that the railway company must start and finish on time, if you can't do it, you are ready to cry!

According to the new plan, once the construction of the railway network is completed, the total railway mileage of the New Holy Roman Empire will reach a staggering 97,000 kilometers.

At present, the total mileage of railways in the country is only 15,800 kilometers, and the railway projects under construction are only 32,100 kilometers, which is almost doubled.

Considering that some of the newly planned railway routes are too partial, it is difficult to make a profit. In order to attract investors, the Vienna government has also promised that the remote roads will always be tax-free.

The good news is that ordinary investors are OK. Smart people know that this is just a tempting picture.However, in an era of market mania, who cares so much?

Smart people know that whether the project ultimately succeeds or fails, as long as they do not become the final receivers, they can all make money from it.

Although all railway companies in Austria have not made a profit, railway stocks have been bullish all the way, very optimistic about the capital market.

At present, all the railways that are open to traffic are making profits, which has caused an illusion to many people that the railway company is a profitable business, especially the Austrian railway can be monopolized.

In the tender project, the Vienna government is also bragging about, for example, the current economic development rate of the New Holy Roman Empire, the demand for railway transportation, and the high population growth rate are all good news.

After such a package, many speculators have been successful. In theory, all these railway lines will be profitable. Even the most remote Bosnia and Herzegovina railways will also be profitable in the future.

These data are not deceptive, and it is really only a matter of time before the railway makes a profit.In this era, there were no cars, no planes, and no means of transportation in land transportation could compete with railways.

The territory of the New Holy Roman Empire is not large, there are no too remote places, no deserted frontiers, and there is potential for discovery in the future.

Franz estimates that if the Vienna government does not restrict the price of railway transportation, then after ten years, more than 70% of the routes will be profitable; after 20 years, more than 90% of the routes will be profitable; wait until 30 Years later, all routes will be profitable.

This profit is based on not considering the construction cost, but the simple operating income exceeds the operating cost, and I do n’t know if it ’s going to be a monkey year if I want to recover the investment.

The construction cost of the railway has not yet been recovered, and it needs to be overhauled, and the maintenance is good. Most of the rails and sleepers will also be replaced after decades.

Since it's a cake, Franz doesn't mind making it more attractive.For example, the Government of Vienna has promised to subsidize heavily-lost routes to ensure the normal operation of the railway.

This promise is actually the same as no railway line whose operating costs cannot be recovered. The railway company will definitely give up!

The Vienna government, as the pick-up man, will ensure the normal operation of the railway, whether it is subsidized or not.It is the responsibility and duty of the government to ensure the smooth flow of basic transportation facilities. This money is simply indispensable.

Moreover, it was not until that time when the economic crisis broke out and the railway company ’s capital chain was broken. It became inevitable to accept the government ’s shareholding. In the coming economy, the largest shareholder became the Vienna government.

Being able to control the controlling share of the railway within the scope of the rules, why break the rules?

Obtaining a controlling stake in the railway by economic means is comparable to overturning the table and rudely proclaiming that the railway is state-owned is much smarter.

Moreover, the management system of joint-stock cooperative companies is also much lower than the cost of direct government bureaucratic management.

...

London

Barclays Bank now has some prototypes of the Barclays Bank consortium. In addition to not publicly announcing the establishment of a consortium, the capitalists who are essentially attached to the periphery of the bank already have the strength of a consortium.

Barclays Bank ’s own funds have exceeded 100 million pounds, and the funds that can be mobilized through the financial market have exceeded 300 million pounds, and the industry affected has exceeded 500 million pounds. It is also among the top few in many British consortia.

President Janos took out a stack of materials and distributed it to everyone, and then said, "You, just a while ago, the Vienna government suddenly announced a major investment in infrastructure.

Including: railways, ports, urban drinking water projects, municipal engineering reconstruction, and even some water conservancy projects, all included in the scope of bidding.

It is estimated that the total investment amount will reach 480 million Aegis, or 240 million pounds, which will drive the surrounding industry market to exceed 500 million pounds.This is a capital feast, but it is also accompanied by very serious challenges.

How to get the biggest cake while controlling the risk to the lowest point is the topic we are going to discuss today.

The information has been sent to everyone, and it is basically the same as what we understood before, but now it is more detailed and involves specific projects."

The big capitalist Simon questioned: "Mr. Genos, as far as I know, the Vienna government ’s total fiscal revenue last year was only 121 million Aegis, and this year it will not exceed 128 million Aegis. Can they get this huge sum to invest? ? "

Janos calmly replied: "In recent years, Austria's economy has developed rapidly, and the Vienna government took the opportunity of the Near East War to successfully get rid of the financial difficulties.

Especially after the annexation of several German states, the total population of the newly born Holy Roman Empire exceeded 50 million, and the total economy exceeded the French, which is only for us.

At present, the total debt of their government is still less than 80 million Aegis. This debt ratio can be said to be quite low. If they want to finance externally, surely everyone will not refuse it?"

Reject, how to refuse?Britons who can't live with the money and have a serious surplus of capital are looking for investment places everywhere this year.In the face of a high-quality customer, how can it be refused for no reason?

If the financial markets of the New Holy Roman Empire can be affected through loans, the potential benefits are even greater.

Simon replied without hesitation: "Of course, the Vienna government is now a quality customer, as long as they are willing to join the pound-gold system, and there is no problem with providing loans to them.

But they will not join, the Austrians also want to engage in Aegis-the golden system, it is impossible to easily compromise with the London government.

In this case, shall we still do this business?"

The capitalist Bernard asks in return: "Why not make a profitable business?

It is a long-term job to control their financial markets through loans, and then to influence the decisions of the Vienna government through finances, allowing them to accept the sterling gold-system.

Our approach is consistent with the government's strategy, but it will only take a little time.The New Holy Roman Empire is also a big country, and it is not an overnight thing to want them to compromise. Slow down and make it more secure."

In addition to the truth in the previous sentence, the back is full of bullshit.It is indeed possible to control the financial market through loans, but this is the theoretical state.

Austrian capital is not a fool. For its own benefit, it will resist their capital invasion. It is obvious where the Vienna government will stand.

Never heard of it, a single loan has controlled the finances of a big country.

Unless they can cause the Vienna government to have financial problems and rely on overseas loans for a long time, they will inevitably be affected by them.

But in this way, high-quality customers have become inferior customers again, business is not necessary to continue.

Janos said seriously: "London's government's plan, let them implement it by themselves. We can support them, but only if they do not harm their own interests.

Do n’t forget, the bait thrown by the Vienna government is poisonous. They require investors to advance construction funds and pay a deposit.

Once something goes wrong in the middle of the project, the project capital chain breaks down. Not only has the previous investment been floated, but also the security deposit will be confiscated, and all risks will be borne by investors.

This kind of project that squeezes a lot of money seems to be specially prepared for us, which is too abnormal.

From the analysis of the current economic situation, this round of economic development seems to be reaching its limit.The fruit is ripe and the time of harvest is not far away.

When the economic crisis was approaching, the Vienna government threw out this big plan, and I highly doubt that they are just trying to cheat on the deposit."

Bernat said without hesitation: "Even if they are cheating on the deposit, it is also based on the premise that the project is at the end of the project. As long as the project is completed successfully, they must pay the money. I don't think the Vienna government will pay the bill.

Compared with the margin, I think they are more likely to pull people into the water. Once everyone invests funds in these inefficient infrastructures, even if the economic crisis breaks out, there is no way to withdraw funds from Austria.

In order not to let the initial investment drift, investors have to continue to invest, as long as these projects are under normal construction, then the impact of this economic crisis on Austria will be minimized.

However, am I very suspicious of an economic crisis in Austria?

Although the capitalist economy has developed to the present, more and more countries are affected, but the conservative Austria should not be hit hard.

Even they have never experienced it. What is the real economic crisis? Is it such a big deal?"

Simon sneered: "Bernard, your mind is still a few years ago! Since 1850, the Austrian market has become the most popular area of ​​British capital.

As of now, the total investment of British capital in the New Holy Roman area should exceed 180 million pounds, and the investment of French capital there will not be less than 50 million pounds.

Barclays Bank ’s investment there is more than 15 million pounds. If we leave the funds together and leave, the Austrian economic crisis will soon erupt."

They have a proud capital. This era was when the British Empire had the greatest capital advantage. Even the French who were closest to them could not match it.

Janos glanced at the crowd and said, "No matter what conspiracy the Austrians have, as long as it does not prevent us from making money, we can continue to cooperate.

Based on the information currently in our hands, it is guessed that their plan is very unreliable.Regardless of any conspiracy by the Vienna government, there are indeed many high-quality assets in the projects they brought out this time.

We just need to screen out the high-quality assets in it, and then find a way to get it. Anyone who likes to take over the remaining junk assets will be allowed to pick it up.

If possible, you can also work hard to see if you can throw some good-looking garbage items to our competitors.

In my personal opinion, the urban safe drinking water pipe network project is very good and can be swallowed. Once this project is completed, you can imagine that you have monopolized the profits of a city ’s water supply."

Simon said very cooperatively: "Jenos, you are still so powerful, you pick the most effective value project at a glance.

Several of our water companies have always been the most stable source of financial resources and are almost immune to market fluctuations.

However, I think that as long as the Austrian bids are high enough, it is also possible to undertake some municipal engineering projects. By the way, we can also help them issue construction bonds to solve the funding needs of the project."

Obviously, he is not interested in any municipal construction projects, but issuance of bonds, which is the sale of drought and flood protection.

These bonds were not eaten by themselves, but were sold on the London financial market for the Vienna government. Whether or not they could be cashed in the end had nothing to do with them. Anyway, the commission and exchange fees were earned first.

Bernat added: "Our railway company can not be idle, now the domestic business growth has almost stopped, and the development potential is not great.

In any case, take advantage of this opportunity to take a few railway lines, push the stock price up again, and then find another house to pick up."

Obviously everyone knows that there is a crisis, but this does not prevent them from making money. As long as the profits are large enough, who cares what the Vienna government wants to do?

Everyone's different opinions actually represent their different interests.In the same consortium, everyone's development direction cannot be the same.

Everyone has their own goals. Only when there is no conflict of interests can we achieve close cooperation.

If this is not possible, then the one to be separated must be separated.To put it bluntly, the consortium is just a combination of interest groups. Once everyone's conflicts of interest are too great, it is natural to fall apart.