Chancellor of the Exchequer Karl said happily: "Your Majesty, the £50 million bond we issued in London has been sold out. ”

It was too smooth, or rather, there was too much surplus capital for the British. Dominating most of the international trade market, the British have accumulated too much capital.

The domestic market cannot be digested, so it can only be oriented overseas. However, there are also thresholds in overseas markets, not everyone is qualified to play, and those who are not strong can only invest in stocks and bonds.

The construction bonds issued by the Vienna government, no matter how you look at them, are high-quality assets, and they are naturally popular with small capitalists and the middle class.

The 50 million pounds were sold out in less than a week, which is a complete rush to buy, and the annual interest rate of the bond is only 6.5%, which is not too high.

Of course, this is not the final cost of issuing bonds, but also the handling fees, publicity fees, printing costs, and exchange fees of the bonds.

Franz asked with concern: "What about Paris and at home?" ”

Since it is a bond issuance, 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?

Chancellor of the Exchequer Karl replied: "650 million francs have been sold in Paris, and the rest is expected to be sold out in a month, and 94.8 million Aegis has been sold in the country, which is expected to be sold out in two months." ”

(£1≈2 Aegis≈ 25 francs ≈ 7.32 g gold)

Franz was surprised and asked: "How strong is the carrying capacity of Vienna's financial market?" ”

To do a full set of dramas, since it wants to fool the capitalists into jumping into the pit, the Vienna government must also have real money in its hands. The capitalists are not fools, they are all masters who do not see rabbits and do not scatter eagles.

To this end, the Vienna government issued 350 million Aegis bonds to the outside world, and guaranteed that the money would be earmarked for exclusive use and would only be used for domestic infrastructure construction.

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

According to Franz's estimates, with the carrying capacity of the domestic financial market, the economic crisis broke out before the construction bonds were digested.

If private funds buy bonds, then the inflow of funds into the stock market will decrease, and the flow of funds into the real economy will also decrease.

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

Karl explains: "Your Majesty, Frankfurt has a great influence in Central Europe, attracting investors from the Federal German Empire, Switzerland, Belgium and the Kingdom of Prussia, and has sold more bonds than Vienna. ”

After pondering for a moment, Franz suddenly understood. Under normal circumstances, Frankfurt would not be able to compete with Vienna, even if it attracted capital from the surrounding area.

However, the Frankfurt capital consortium has the strength to buy the bonds themselves and then sell them slowly.

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

Franz understood the meaning, and naturally knew that he would repay the favor. Frankly, if Vienna wasn't the capital, it had too many resources, and it had gathered a lot of rich people, otherwise it wouldn't have been able to compete with Frankfurt.

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

Thankfully, Frankfurt is a free city, with no economic power, but no possibility of going big, otherwise Franz would have had a headache.

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

"Yes, Your Majesty!" Admiral Philcos replied happily

Franz himself spoke, the increase naturally could not be a sail battleship, and now only ironclad ships deserve everyone's attention.

As a land-powered country, the navy's military budget is naturally limited. Even if it had an advantage in this revolution in naval technology, the Vienna government had no plans to expand the navy in a big way.

The Admiralty fought again and again, and finally got the budget for two ironclad ships, which is not a year, but a three-year budget for building ships.

One is the Reich, or rather the "New Holy Roman Empire", and the other is the Vienna.

There is nothing wrong with it, it is all full of strong political overtones. At this time, the addition of a Frankfurt undoubtedly reflected the importance of Frankfurt in the empire.

This was Franz's goodwill affirmation of the Frankfurt capitalists, and he did not mind adding a few more ironclads if other state governments were willing to sell to the central government.

To put it bluntly, an ironclad ship is only a few hundred thousand Aegis, and the amount is superior. The cost of the first "Frederick" was 800,000 Aegis, and now the second batch of improved warships has seen a slight increase in performance, but the cost has been reduced.

The main thing is to develop and test new technologies in the early stage and increase the cost of building ships. Now that two ironclad ships are started at one time, the unit price has dropped to 580,000 Aegis, and the unit price will continue to decline if three ships are started.

The number of states in the new Holy Roman Empire is not large, and even if each state names one, it will only increase the cost of two or three million Aegis, which is completely within the scope of affordability.

The navy really burned money from the era of dreadnoughts, and a battleship moved millions of Aegis, which was the real gold-swallowing beast.

Moreover, the military expenditure was not borne by Austria alone, and all the states were to share proportionally according to their own revenues.

Franz said solemnly: "Now that the funds raised have been received, then urge the capitalists who won the bid to start construction as soon as possible, and all the projects will be carried out according to the contract."

The Ministry of Finance and local governments cooperate with each other, and the Anti-Corruption Bureau closely supervises them, and absolutely no violations of rules and discipline are allowed. ”

It is necessary to start construction, otherwise the economic crisis will break out, and the capitalists who won the bid will admit it, give up the deposit and leave, which will be embarrassing. When the news got out, people didn't say it: the Vienna government defrauded everyone's security deposit.

In order to avoid this terrible outcome, Franz had to start work, and there were so many projects that included small projects that could be completed in a few months.

As long as the money is obtained, no one can say that the Vienna government is cheating the deposit.

Because of the outbreak of the economic crisis, the capital chain is broken and the project cannot be completed, which is the responsibility of the winning bidder. If you don't have the strength to pick up projects randomly, you also need to pay a price.

"Yes, Your Majesty!"

……