Chapter 499： Struggling for Improper Emperor

The war in South Africa was over, but as the victor, the Vienna government was not happy. Reality proves once again that war is now, and it is no longer possible to make up for the losses with war compensation.

Through the armistice treaty, the Vienna government received 3 million land ransoms, plus captives' ransoms, which totaled 6.126 million pounds, equivalent to Aegis 12,235,600.

It may seem like a huge sum, but compared with the war expenditure, it is a sloppy salary, and even a quarter of the cost has not been recovered.

This is still based on the secret efforts of the French, otherwise, the cost will be even greater.

The trophy obtained is a barren land. Due to the war, even the indigenous tribes could not find a few land from British South Africa, let alone immigrants.

If it were not for the strategic opening of the South African estuary, the British power was compressed in a place, and the security of Transvaal and the Orange Free State would be a complete loss.

The war was won. Regardless of the loss, rewards for merit are indispensable.

However, after all, it was fought against the vest of the Boer Republic, and the settlement of military achievements in the later period had to go around the circle, and the settlement would take place after Austria merged with these areas.

Except for the few clever people who made the right choices, the rest of the bourgeoisie in the original republic shook everyone in this round of shuffling.

This is the difference in size. The original Boer Republic, with hundreds of workers, was the second largest capitalist. In Austria, this is the scale of township enterprises.

As the British invaded, the capital they talked about disappeared. The pit was dug by themselves and abolished their armaments. The British invasion must call for Austria.

Originally thinking that Austria had to rely on them, these bow-headed snakes, but they guessed the beginning, but did not guess the end.

The British were less powerful than they thought, which made Austria less dependent on them. Smart people adjust their mentality in time and immediately turn to the past, and naturally there will be no loss.

The reaction is slow, tragedy, economic losses are ignored, and the right to speak politically is weakened. Relations in the government of the Boer Republic have now been shattered.

The reality is so cruel, without the right to shuffle, how to promote the loyalty of Austrian people?

These nobles who brought their own dry food to fight are not without interest claims, and obviously have to share a share in the reorganization of rights.

Even if the foundation is not here, it will not stay and develop, it is still possible to arrange a family child to come and develop. Big branches of the tree, this is the way of the old nobility.

These new interest groups are the foundation of Austria's rule of South Africa in the future. The original interest group can only say sorry, who told them to make mistakes?

With the signing of the Cape Town Treaty, the biggest obstacle to the establishment of the Anglo-French-Austrian Alliance is no longer present. On July 1, 1871, representatives of Britain, France and Austria signed an alliance treaty at the Palace of Versailles, and the era of hegemony of the great power came.

For various reasons, this alliance treaty is only five years old. It can be seen that the three countries have insufficient confidence in this alliance, and it can only be regarded as an attempt.

Whether or not to renew the contract after five years depends on whether everyone can get more benefits during the five years. This is so realistic between nations, and only interests can be maintained in this alliance.

Even so, the European world is still in an uproar, and this paradoxical alliance still frightens many people.

For small countries that originally relied on the contradictions of the great powers, life is getting worse and worse. The dismantling of this alliance has become the common goal of countless European countries.

In the Palace of Vienna, Franz is holding a cabinet meeting to discuss plans for the African Railway Network.

Prime Minister Felix proposed: "Your Majesty, considering the issue of operating costs, the African railway network plan should be postponed. At present, we only need to complete the two strategic railways in the east and west and southwest.

The blind construction of the railway network will bring a heavy burden on finances. Take our local railway network as an example. Despite the many preferential policies granted by the government, many railway companies have gone bankrupt.

Affected by this, the capital market is no longer keen on railway investment. Today, there are not many profitable railway companies in China.

If the African Railway Network is launched, it will be almost impossible to rely on financing from the capital market, and this burden will fall on the government.

This huge railway plan has exceeded our financial tolerance limit, and it may not be able to achieve a break-even in 100 years. "

The bankruptcy of the railroad company was Franz's pot. In order to popularize the railway network in Austria at an early date, he used later Internet development methods.

Introduce a concept, draw a big pie, and attract capital to the market. The railway network exists independently, which is naturally a monopoly operation. As long as the initial investment phase is passed, it is not difficult to make profits later.

This pie is much more conscience than later generations' virtual concepts, and it is not impossible to achieve this goal. Only the initial investment is relatively large, and the profit period in the later period is relatively long.

This does not rely on the strength of capital, Austria has built a railway network in the shortest time. As for the railway companies that have fallen down the road, they all have one common feature: the capital chain is broken.

This is all because of poor management, and definitely not for the government to take over the offer, Franz deliberately did it.

Investment is risky and you need to be cautious when entering the market. In the capitalist market economy, economic crisis is not taken into account, and that is all their responsibility.

Don't say this explanation. Franz never stood on the front desk. He advocated that railway investment was an expert. It was the capitalists who broke the operation of the railway company and had nothing to do with the emperor.

The surviving railway company can prove that as long as the head is not convulsive, carefully selecting high-quality railway lines, even if it is bundled with branch lines, it can be profitable.

Of course, the prerequisite is that you need enough money to survive a long investment period, and the return rate in the later period is still relatively considerable.

Don't compare profits to stock prices. Those gadgets are all bubbles. No other company's profits can catch up with the increase in stock prices.

At its peak, the total market value of Austrian railway companies once exceeded the myth of 20 billion Aegis. Is Austria's rail network worth 20 billion Aegis?

No doubt this is impossible. The 20 billion Aegis of this era is an astronomical figure, and the gold that has been developed all over the world is not enough.

If there is so much money, not to mention the local railway network, even if the railway network is laid in inhabited areas around the world, it will be almost enough.

It must be known that the Austrian railway network adds up to a comprehensive calculation, and the annual profit is less than 100 million Aegis. To be precise, the net profit of 5 million Aegis is less than.

Of course, there is still a lot of room for growth. Railway companies that have not yet continued construction have basically maintained an annual profit growth rate of more than 30%.

This is not because their profits are growing at a fast rate. It is simply because the base is too low. An increase of one percentage point in freight volume may increase the profits of railway companies by four or five points.

It's not a matter of high or low freight rates, it's simply a lack of business, which causes many railway lines to lose money. Increased business volume, allowing many branches to turn losses into profits. In the case of insufficient total profits, it looks very considerable.

Take Draco Railway as an example. In 1869, the profit was 12,000 Aegis, and the total profit in 1870 was 1.386 million Aegis. On the surface, it has increased more than a hundred times. In fact, the annual business volume has also increased. 5 points.

This seemingly explosive growth is actually still insignificant. It should be known that the net assets of the Draco Railway Company are 130 million Aegis, with a market value of 530 million Aegis. At its peak, the market value reached Aegis 1.68 billion.

Otherwise, the market's winning rate will not be able to see at all. Counting on profits to recover investment costs is simply impossible without a decade or two.

The same method can only be played once, and the capitalists are not stupid. Take the African railway network, you need someone to believe it?

Counting on small private investors, I regret that these Philippine dishes have not yet grown up, and they ca n’t cut much. Unless the financial management law is relaxed, small capital is allowed to enter the market.

Obviously, this is impossible. If this happens, in the event of a stock disaster, the scope will be wide.

Life in this era is not easy. Ordinary people work hard for survival every day. These people do not have any ability to resist risks. If it was really pitted in, wouldn't it be a cannon fodder for the revolutionary party?

Digging the corner of his own house, things are absolutely impossible to do. As for the construction of the African railway network, it will be better later.

What is so good about colonial development? It is enough to provide industrial raw materials and markets. Even if it is a big development, it has to wait for localization.

Franz nodded and said, "The construction of the African railway network is indeed too expensive. Now both railways must be re-planned.

We already have some railways in Africa, and these cannot be wasted. The Southwest Railway can be considered for direct docking in the Congo region, and the East-West Railway can also be docked midway through the Southwest Railway.

In this way, the strategic objective can also be achieved. Perhaps in the long-term development, such a planning distance is a little long, but in the short term, the investment can be minimized. "

This is not Franz's shortsightedness. On the contrary, it is meaningful to do so. Through this railway, Africa's inland resources can be shipped out and shipped home from the nearest estuary.

The strategic objective has been achieved. As for the railway is not the shortest route, it has increased the cost of integrating resources across Africa. This was originally a means to check and balance the colonies.

Jun Bu saw that the British were still building a mess of railways in India. By the 21st century, the Indians had failed to obey.

Franz's approach has been very restrained, at least there is no uniform track standard. No, it is not a completely unified standard. Some railways that specialize in mine transportation may also be narrow gauge railways.

Ship to the port and load the ship. It does not need to be connected with the main road. At least mines not far from the coast will build such railways.

Otherwise, if you do not plan to use the local resource advantages, after a decade or two, Austrian Africa will also have a perfect industrial system. If it is not possible to complete the localization, it will be a big trouble.

The mainland could not hold back the colony, Franz didn't want to move the capital to the African continent in his lifetime, and went to be the emperor. Even if the strategic focus is shifted, it will not be possible to unify the African continent and build the world's largest empire.

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