Holy Roman Empire

The Chancellor of the Exchequer said happily: "Your Majesty, the 50 million pound bonds we issued in London have been sold out."

It was really smooth, or the British had too much surplus capital.Dominating more than half of the international trade market, the British accumulated too much capital.

The domestic market cannot be digested, so it can only face overseas.However, there are also thresholds for overseas markets. Not everyone is qualified to play, and those with insufficient strength can only invest in stocks and bonds.

The construction bonds issued by the Vienna government are all high-quality assets. They are naturally popular with small capitalists and the middle class.

Fifty million pounds sold out in less than a week, and this rate is totally snapping up. You should know that the annual interest rate of this bond is only 6.5%, which is not too high.

Of course, this is not the final cost of bond issuance, but also the handling fee, publicity fee, printing fee of the bond, and the exchange fee when the money is available.

Franz asked with concern: "What about Paris and the country?"

Since it is a bond issue, it is naturally impossible to target only the London financial market. Paris, Vienna and Frankfurt are also the financial centers of Europe. How can Franz ignore it?

The Chancellor of the Exchequer Karl replied: "The Paris side has already sold 650 million francs, and the rest is expected to be sold out within a month; the country has sold 94.8 million Aegis, which is expected to be sold out within two months.

(1 pound ≈ 2 Aegis ≈ 25 francs ≈ 7.32 grams of gold)

Franz asked in surprise: "Where is Vienna's financial market carrying capacity so strong?"

Performing a full set of dramas, since the capitalists are to be fooled, the Vienna government must also have real money.The capitalists are not fools, and all of them are masters who don't see rabbits and don't throw eagles.

To this end, the Vienna government issued 350 million Aegis of construction bonds to the outside world, and ensured that the money was earmarked exclusively for domestic infrastructure construction.

Among them, 100 million Aegis bonds were issued to London, 80 million Aegis were issued to Paris, and the remaining 170 million Aegis were issued in Frankfurt and Vienna, respectively.

According to Franz ’s estimate, with the carrying capacity of the domestic financial market, the construction bond has not been digested, and the economic crisis has erupted.

If private funds buy bonds, then the funds flowing into the stock market will decrease, as will the funds flowing into the real economy.

After the outbreak of the economic crisis, everyone ’s losses can be minimized, and people who jump off the building should be reduced a lot, so as to preserve their vitality as much as possible.

Karl explained: "Your Majesty, Frankfurt has a great influence in Central Europe, attracting investors from the German Federal Empire, Switzerland, Belgium and the Kingdom of Prussia. Bond sales have also exceeded Vienna."

After a moment of contemplation, Franz suddenly understood.Under normal circumstances, Frankfurt cannot compete with Vienna, even if it attracts capital from the surrounding area.

But Frankfurt's capital consortium has this strength. They can buy the bonds themselves and then slowly sell them to the outside world.

In addition to showing their favor to the government, they also meant to show the strength of the Vienna government in order to gain a higher political status.

It means that Franz understands it, and naturally knows that he has paid for the peach.Frankly speaking, if Vienna is not the capital and has too many resources, it also gathers a large group of rich people, otherwise it will not be able to compete with Frankfurt.

Since modern times, Frankfurt has been the financial center of the German region.In another time and space, by the 21st century, Germany's largest financial center was Frankfurt.

Fortunately, Frankfurt is a free city, with empty economic strength, but no possibility of becoming bigger, otherwise Franz will have a headache.

Franz thought for a while and said: "In the Navy's new shipbuilding plan, another Frankfurt will be added."

"Yes, Your Majesty!" Navy Secretary Philcos replied happily

Franz personally said that it is impossible to increase the sail warship, and now it is only the armored ship that deserves everyone's attention.

As a land power country, the Navy ’s military budget is naturally limited.Even if it took advantage of this naval technological revolution, the Vienna government had no plans to expand the navy.

The Admiralty repeatedly fought, and finally got the budget of two armored ships. This is not a year, but a three-year shipbuilding budget.

One empire, or "New Holy Roman Empire", the other is Vienna.

There are no problems, all are full of strong political color.At this time, the addition of a Frankfurt ship undoubtedly reflects the importance of Frankfurt in the empire.

This is Franz ’s goodwill affirmation to Frankfurt capitalists. If other state governments are willing to sell well to the central government, he does not mind adding more armored ships.

To put it bluntly, an armored ship has hundreds of thousands of Aegis, and a large amount of favorably.The cost of the first Frederick was 800,000 Aegis. Now in the second batch of improved warships, there has been a slight increase in performance, but the cost has been reduced.

Mainly in the early stage of research and development, testing new technologies, increasing the cost of shipbuilding.The unit price of two armored ships is now started at one time, and the unit price has dropped to 580,000 Aegis. If three units are started, the unit price will continue to fall.

The number of states in the New Holy Roman Empire is not large. Even if each state is named one, it will only increase the cost of two or three million Aegis, which is completely within the scope of tolerance.

The navy really burned money from the era of the fearless ship. A battleship moves millions of aegis, which is the real gold devouring beast.

Moreover, military expenditures are not borne by a single state in Austria, and all states must share in proportion to their respective financial income.

Franz said seriously: "Now that the raised funds have been obtained, we urge the winning capitalists to start construction as soon as possible, and all projects will be carried out in accordance with the contract.

The Ministry of Finance and the local government cooperate with each other, and the Anti-Corruption Bureau closely monitors and absolutely does not allow any violation of rules and discipline."

It is necessary to start construction, otherwise the economic crisis will break out, and the capitalists who won the bid will admit that they will abandon the deposit and leave the market.It was passed out that others did not say: the Vienna government cheated everyone's deposit.

In order to avoid this terrible result, Franz must ask everyone to start work. There are also many small projects in so many projects. These small projects may be completed in a few months.

Settlement will be settled upon completion. As long as the money is received, no one can say that the Vienna government is cheating on the deposit.

Because the economic crisis broke out and the capital chain was broken and no major projects could be completed, it was the responsibility of the winning bidder.There is also a price to pay for projects without strength.

"Yes, Your Majesty!"

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