1043 earn it 100 million first
During the World War, the Military Service Society played a great role in the process of serving the Southern African Expeditionary Force, and during the four years, the Military Service Society sent countless handicrafts back to Southern Africa from Europe, and now the value of these handicrafts is being counted, and they will be classified after sorting out, and those that are sent to the museum will be sent to the museum, and the slightly lower value will be released for sale, and the financial tension of the Ministry of Defense will be greatly alleviated.
It's not a solution, it's just a relief.
To really solve the problem, Roque still has to think of other ways.
The method here is certainly not to allow the military to do business, as a certain country in Southeast Asia does, and the military service cooperatives are, in the final analysis, service organizations rather than commercial organizations.
When he got home in the evening, before dinner, Roque used to read the newspaper for a while to see what news was in the newspaper that day.
A news item in The Times caught Roque's attention that half a month earlier, a businessman in Pretoria had driven a car and killed a man, and the businessman had gone bankrupt because the cost of compensation was too high.
When he saw the news, Roque suddenly realized that there was not a decent insurance company in southern Africa.
It's not normal, it's so abnormal!
There is no need to emphasize how important the status of insurance companies is, and the profitability is also obvious to all, Roque called Ida the next day to go to work to learn about the insurance industry in southern Africa, and then he was surprised to find that the insurance industry in southern Africa is basically monopolized by insurance companies in the United Kingdom, and the two largest are Pou Chen Group and Lloyds Insurance Company.
Founded in 1848, Pou Chen Group has become the largest life insurance company in the United Kingdom at the end of the last century, and life insurance in southern Africa is almost monopolized by Pou Chen Group.
Lloyd's Insurance Company is the largest insurance company in the United Kingdom, this company is known for its courage to underwrite any risk, in 1906, the San Francisco earthquake caused a serious fire, for which Lloyds Company paid $100 million in insurance premiums; In 1912, the British giant passenger ship "Titanic" hit an iceberg and sank, killing nearly 2,000 people, and Lloyd paid another $2.5 million in compensation.
As Roque's close comrade-in-arms, when Roque inquired about the insurance industry in southern Africa, Ida realized that Roque wanted to attack the insurance industry again.
As the female finance minister of southern Africa, Ida is very clear about the ability of the insurance industry to absorb money, don't look at the strong strength of Pou Chen Group and Lloyds Insurance Company in the insurance industry, but with Roque's status in southern Africa, as long as Roque wants to, in southern Africa, Pou Chen Group and Lloyds Insurance Company together are not Roque's opponents.
"No, this time I'm not for my own benefit, I want to set up an insurance company in the name of the Ministry of Defense to subsidize military spending for the Ministry of Defense-" Roque really didn't just make money for himself, now Roque has enough money, and he can't spend it in ten lifetimes.
"Locke, are you sick?" Ida looked worried.
Roque looked devastated.
"Am I so greedy in your heart?" Roque couldn't believe it, what kind of confidant is this, the old king next door is not as good.
Ida thought for a moment, then nodded earnestly.
Roque froze and picked up the phone to call Xiao Si.
Xiao Si was not in southern Africa and finally went to Europe to fulfill his duties.
"We surrendered the policy from Pou Chen Group on behalf of the federal government and then handed over the life insurance of all federal government employees to the new insurer; And Nyasaland Motors and Nyasaland Heavy Industries, as well as Nyasaland Airlines, withdraw the insurance of cars and planes from Lloyds Insurance and hand it over to the new insurance company, if that happens, the new insurance company will get - 13.5 million a year! Ida was shocked after calculating the results, and looked at each individual item separately, but the amount added together was still considerable.
This is only life insurance for government employees, as well as property insurance for cars and aircraft, in addition to this, the life insurance business also includes pensions, long-term health insurance; The non-life insurance business includes marine, real estate, property, accident and health, debt risk, etc., and Ida is not clear how much money Pou Chen Group and Lloyds make each year from Southern Africa.
"It's done! The Ministry of Defense gave 100,000 rand, 10% of the shares, how much do you pay? "Roque has the good to give it to himself first.
To put it bluntly, Ada's money was also left to Arthur and his two sisters in the end.
Ida gave birth to another daughter last year, and she is not yet a year old.
"100,000 is 10 percent, and I will also give 100,000, how much can I give?" Ida pouted, Roque is really attentive to the defense of southern Africa.
"One hundredth." Roque's answer was not what Ida expected.
"Okay, I'll give a million." Ida is not stingy, one percent is not a lot, and if it only multiplies tenfold in ten years, it will be considered a loss of money.
Roque asked Feige to send a telegram to Xiao Si, asking Xiao Si if he wanted to invest, and then he also invested a million.
Ida was like she didn't see it, the million was definitely for Phyllis, and Roque never favored anyone.
News of the Ministry of Defence's intention to set up an insurance company soon spread throughout Pretoria.
Those who are willing to invest in insurance companies immediately sharpen their heads and drill into the Ministry of Defense.
Roque did not have time to deal with these matters, and the new insurance company was soon listed, named Nyasaland Insurance Company, and the general manager was Du Dian, deputy director of the legal department of Nyasaland Company.
Du Dian is not yet 30 years old, his parents were killed during the invasion of China by the Eight-Nation Alliance, and Christian Human Resources Company took Du Dian to southern Africa with half a bag of corn, where he was raised by the government of Nyasaland.
As an adult, he graduated from the Faculty of Law at the University of Nyasaland in 1910 and then worked for the Nyasaland Agricultural Company.
After the establishment of the Nyasaland company, Du Dian became the deputy head of the legal department of the Nyasaland company because of his outstanding performance.
The headquarters of the Nyasaland Insurance Company is located next to the Cathedral opposite the Palace of Justice, and the fact that the headquarters of the company is located in this place fully illustrates the strength and background of the Nyasaland Insurance Company.
If you want to put the company's headquarters in this place, it is not enough to have money, you also have to have a strong background.
Behind the Nyasaland Insurance Company is the Southern African Ministry of Defence.
"Mr. Alex, it's really not that I deliberately embarrassed you, now only twenty-five percent of the shares have not been sold, just now, Mr. Christian invested 5 million rand, and only got five percent of the shares, if you also want to invest, then don't hesitate, I dare to guarantee that at most tomorrow at three o'clock in the afternoon, these shares will all be sold out." Du Dian's smile was charming, and like many white people nowadays, he had a cleanly shaved beard and looked very relatable.
Roque himself had no idea how appealing he was in southern Africa.
The huge wealth that has appeared in southern Africa in recent years, except for the Rhodes family, almost all have a close relationship with Roque, and Xiao Si also relied on the cooperation with Roque to make the wealth owned by the Rhodes family to a higher level.
There is no financial market in southern Africa yet, and the Nyasaland Insurance Company is the first time that the Nyasaland Insurance Company is open to the outside world to solicit capital, and the news that almost everyone who is qualified to participate is crazy, and Christian has invested 5 million rand and only gets 5% of the shares, which is enough to prove that the capital market recognizes the Nyasaland Insurance Company.
With the endorsement of Roque and the Ministry of Defense, the Nyasaland Insurance Company will not only expel the Pou Chen Group and Lloyds Insurance Company from southern Africa, but at least it can steal most of the business of the Pou Chen Group and Lloyds Insurance Company in the shortest possible time, and profits will not be a problem at all.
"A million is only one hundredth? Mrs. Capet got ten percent of the million—" Alex was full of surprise, he was a merchant who ran an ocean trade in Walvis Bay, and when he heard the news, he flew to Pretoria immediately, but he didn't expect it to be a step too slow.
Du Dian smiled and looked at Alex without speaking.
Mrs. Capet is Ada, and Alex doesn't want to think about what Ada's identity is, and what his identity is, if he hesitates, then I'm afraid a million can't even buy one percent.
Just outside Du Dian's office, the general managers of Pou Chen Group and Lloyd's Insurance Company are waiting, and they have also come to invest.
Don't be surprised, the main way for insurance companies to make profits is to invest abroad, although Pou Chen Group and Lloyds Insurance Company are rivals with Nyasaland Insurance Company, but this does not affect Pou Chen Group and Lloyds Insurance Company to invest in Nyasaland Insurance Company.
It's hard to make money.
"Okay, okay, but I only have half a million." Alex is not stupid, since Christian accepts this price, then it means that the price is still profitable.
"It's okay, Mr. Alex, I hope you will consider our Nyasaland insurance company when choosing an insurance company in the future." Du Dian didn't forget to remind Alex when he signed the contract.
"Of course, I will, don't you know, Pou Chen Group and Lloyds Insurance Company are too dark, during the World War, I had a ship worth 500,000 yuan, and the insurance money for seven days would cost 500,000 yuan." Alex hated Pou Chen and Lloyds, but at the same time he couldn't do without insurance.
Although 500,000 is a little more, as long as you can reach the destination smoothly, you can still make money, even if you are sunk by a German submarine, there is compensation from the insurance company, which is better than returning nothing.
Du Dian kept smiling, as the deputy head of the legal department of the Nyasaland company, he knew these things very well.
During the World War, many of the ships that traveled between Southern Africa and the British mainland were part of the Nyasaland Ocean Trade and Nyasaland Ocean Shipping.
Just three days after the Nyasaland insurance company was listed, it raised R100 million, creating a myth in southern Africa.
On July 1st, the Nyasaland Insurance Company officially began to accept insurance policies to the outside world, and on the opening day, the Nyasaland Insurance Company received a number of huge insurance policies from the federal government and many enterprises in southern Africa.