Australian Storm 1876

  Chapter 167 Inventory of Family History

  Red Fort, Lingxiao Pavilion

"Dear Lord Earl, your expenditure on education is too high, as high as hundreds of thousands of pounds per year, and it is likely to exceed one million pounds this year. I very much doubt that this is a policy that cannot be sustained for a long time, as your personal finances. Consultant, I think it is necessary to remind you of this." Kestner, director and general manager of Huitong Bank, looked worried.

  Li Fushou, who was sitting at the top, smiled indifferently. He had the financial report of Huitong Bank in the first quarter of 1881 on hand. The thick stacks were like a dictionary.

The slender finger tapped the financial report summary, and Li Fushou said; "Dear Mr. Kestner, I have no doubt about your excellent financial management ability. Money can only be used to reflect its value, not in the cellar. I can Understand your worries, the question is what use is it for me to amass a large amount of property?"

"Please forgive me, I cannot understand your view of wealth." Kestner still insisted on his point of view, trying to prove it with facts; "In the history of Europe, monarchs and lords went bankrupt because of poor financial management. The French Bourbon dynasty even had to borrow heavily to start a war. The shaky rule was ruined by the loss of credibility. London did a good job at this point. It is obviously a wise decision to have a lot of cash. Of course, it is also good to reserve gold."

   "Hehe... Huitong Bank already has nearly 200 tons of gold reserves. Isn't this money?"

  "Your Honorable Earl, the money has already been issued with Huitong gold notes of the same value. Almost all of the money has been loaned out, and it has been issued a lot. I am very worried that it will cause a run on it. It will be the end of Huitong Bank."

  "How many super-issues are there currently?" Li Fushou asked.

"As of the end of the first quarter, Huitong Bank has issued 42% of the gold tickets. This matter is like a mountain pressing on my heart. I can hardly sleep at night. I am really worried that the situation is out of control, so I strongly oppose you to continue to overdo it. Policy." Kestner replied thoughtfully.

  Super hair 42%?

  Li Fushou nodded thoughtfully. According to the conservative British financial theory, as many banknotes as there are gold, currency and gold are equivalent, and over-issuance of gold tickets is indeed a big problem in today's era.

  42% over issuance is a very simple arithmetic problem. One ton of gold is worth about 136,560 pounds, and 200 tons of gold is over 42%, which is a Huitong gold ticket worth 284 tons of gold, which is approximately equal to 38.7 million pounds.

  Only this loan will bring more than 1.3 million pounds of income to Huitong Bank every quarter, which is the bank’s main source of income.

  Not every loan is a 10% preferential interest rate for immigration loans, and some commercial loans are 20% or higher.

  Generally speaking, bank professionals assess that the higher the risk of loans, the higher the interest rate, which is directly proportional.

  Huitong Bank also has extremely lucrative cross-continental remote remittance business, golden ticket business and other financial derivative businesses, and its profitability is very strong.

  Only in the first quarter of 1881, the gross profit of the statement reached 1,847,706 pounds. After deducting operating costs, the net profit was 1,515,500 pounds.

  Dozens of bank shareholders can get huge profits from it. This also includes the bank director Mr. Kestner, who owns 3.1% of the bank’s equity and can get a profit of almost 46,600 pounds in a quarter.

Of course, the biggest winner is the Lord Earl of Queensland in front of him. He owns 87.6% of Huitong Bank. The dividend in a quarter exceeds 1.3 million pounds, and it exceeds 5 million pounds in a year. This is a jaw-dropping one. Amazing numbers.

  Huitong Bank’s profit base comes from more than one million Chinese immigrants, as well as a large number of companies engaged in ocean trade, and each person contributes one pound of profit per quarter.

  The trickle converges into a river, making Huitong Bank quickly become the largest bank in Australia, and it is also the bank with the widest coverage and the most branches, with branches in major cities in Europe and the United States, and extensive cross-continental remittance business.

Today, Huitong Bank has opened branches in almost every town in New South Wales and Victoria, and has established banking branches in Western Australia, South Australia, Tasmania and New Zealand. It is the strongest in Australia. The most convenient financial institution, users include a large number of white ranchers, gold mine owners and businessmen.

  With the expansion of Australia's trade scale, the promising remote remittance business is gradually becoming a new profit growth point for Huitong Bank. This is an advantage that is difficult for all local Australian banks and major European and American banks to match.

  Huitong Bank, as the wallet of the Queensland Earl, fully controlled private bank, is just one of his large-scale industries.

  The Earl of Queensland is undoubtedly the wealthiest large rancher in Australia. Even if you look at the world, he is one of the richest lords with the highest income. There are no more than 50 people who can compare.

The problem is

  Master Earl earns more and spends more fiercely.

   More than £370,000 is invested in the education of the Red River Valley every year. There are more than 50,000 middle school students in the Young Eagle Program alone, who are responsible for the expenses of food, clothing, housing, transportation and education.

  In addition, it will also fund higher education institutions such as Red River Valley University and Brisbane Institute of Technology, as well as some research institutions and laboratories in Qinglong City.

  In addition, nearly 30 Guangji halls have been opened on the mainland, which have adopted more than 200,000 street children and are responsible for food, clothing, housing, transportation and education. The annual expenditure exceeds 220,000 pounds.

   Now suddenly decided to increase the size of Australian secondary schools and increase the number of students introduced, and related expenses have increased sharply.

  First of all, it is the cost of traveling to Australia for Wanli. Although Guangjitang has independently operated passenger ships, the cost can be reduced to the extreme in the case of large-scale transportation of students, and the cost is still no less than 5.5 pounds per person.

Calculated on the basis of the monthly intercontinental transportation of 7,000 people, each passenger ship transports one round trip in two months. The shipping company of Guangjitang needs to purchase additional passenger ships to maintain a fleet size of no less than 12 ships, plus coal consumption, ships Depreciation and personnel expenses cost 38,500 pounds a month, which is a huge expense of more than 460,000 pounds a year, without adding other expenses.

  With the rapid increase in the number of benevolent education schools, the faculty and operating costs are also increasing, which is another big expenditure.

  What's more, the Red River Valley has invested millions of pounds in the construction of various towns and towns every month, which is tens of millions of pounds a year.

The investment in Songjiang Town, Beilun Town, Moresby Town, and Jayapura Port, which are under construction, is as high as 100,000 pounds per month, and as little as 40,000 to 50,000 pounds. The southern pearl chain farming and pastoral town The investment can range from thousands of pounds to tens of thousands of pounds. Now there are dozens of towns and villages in northeastern Queensland that require continuous investment. Songjiang Reservoir, Twin Cities double-track railway and other major projects require continuous investment.

  According to the statistics, the monthly infrastructure expenditure is at least on the scale of millions of pounds, and this money cannot be saved.

  These sites are either the territory of the Earl of Queensland, or the newly developed sphere of influence, all taxes are included in the Red River Valley, and of course his big rancher pays his own money.

  Therefore, the Earl of Queensland is a big moneymaker and spends very fiercely. He is also a big lender, with a loan of more than 3 million pounds in Huitong Bank.

  Mr. Kestrand privately helped take inventory of the family, and it was strange to find that Queensland's Lord Earl of Queensland earns tens of millions of pounds a year and cannot make ends meet!

  The rise and fall of Huitong Bank is actually related to Mr. Kestner’s own interests, and every one is prosperous, and every one is damaged.

  Therefore, Mr. Kestner finally found the opportunity to report in person in a quarterly report, and he painstakingly exhorted Lord Earl to spend a little less money, at least save or save, and don’t over-borrow.

Li Fushou can understand his concerns. If Mr. Kestner knows, he has ordered four Seagull II ocean-going frigates at the Portsmouth Naval Shipyard in the United Kingdom at a lump-sum cost of 410,000 pounds, which is estimated on the spot. Can be shocked to belch.

   "Ahem... In fact, I hope I can lend some more money from Huitong Bank because there are some places that are needed urgently."

  Li Fushou’s words, Kestner was stunned, and asked with a bit of trepidation; "Your Excellency Earl, the position of Huitong Bank is also very tight, if it is not more than 2 million pounds..."

"Then I will save some money. I still need to borrow 3.8 million pounds. Fortunately, this money is not a one-time use. You can prepare a 1 million pounds for me first. Next month, I will definitely have to borrow more. Prepare 1 million pounds..."

  Li Fushou went on speaking for himself, but was surprised to find that Mr. Kestner did not respond. He turned his head and looked over and found that the miser's lips had already begun to tremble.

  If Huitong Bank lent another 3.8 million pounds, the proportion of over-issued will be increased by 10%, which is 52% of over-issued.

  Mr. Kestner felt blackening before his eyes, and his heart was beating wildly; God! I dare to say so many words of exhortation today, the adults didn't even listen to them.

  Li Fushou couldn't help frowning and said, "What's wrong, are there any difficulties?"

  Where did Mr. Kestner dare to say that there is a problem, he felt his throat dry, and replied in a astringent tone; "Master Earl, can't you really use it less?"

   "Well, next year, try to achieve a balance of payments next year, this year will definitely not work, and you have to prepare this money for me as soon as possible. I have important uses."

Li Fushou didn't elaborate on what    is used for, just casually ordered.

  Understand you must execute, if you don’t understand, you must execute, otherwise, please roll your bag and go.

   "As you wish, Lord Earl, Huitong Bank will prepare the funds as soon as possible." Mr. Kestner answered in a difficult tone.

"That's good."

  Li Fushou picked up the teacup to see the guests off, and watched Kestner's somewhat rickety figure leaving, he couldn't help but smile secretly.

  The meat is buried in the bowl, there is no need to let you know.

  The interests of both parties are closely linked, but never forget that Kestner is British, otherwise it will be ugly to die.

Non-my family, its heart must be different.

  Kestner is only the manager of Huitong Bank, and he only understands the business of Huitong Bank. It is not clear how much money the Earl of Queensland has? How much do you earn overtly and secretly each year?

Only Li Fushou knows this account. He has urban and township taxes, Honghe Reservoir's intercepted profits, Huitong Bank profits, profits of various factories and mines under his command (including gold farms), rental income (privilege of city bosses), and international trade. Profit and other major income components, the annual income is more than tens of millions of pounds?

  He needs to create an illusion to the outside world. Although the Queensland Lord is very profitable, he also spends money like water and has high debts. He is a nouveau riche who does not know how to manage money. The slightest difference is a thousand miles away.

  There is no need for Li Fushou to explain to Kestner, no matter how he understands it, anyway, the 3.8 million pounds have to be taken out

  The warships ordered in the United Kingdom need to pay part of the funds. The expansion of the Shangri-La Marine Police District requires funds. The preparation of guns, ammunition and artillery requires funds. Once the conflict breaks out, a steady stream of funds is needed.

  The so-called cannon fires, gold is ten thousand taels.

  In the event of a conflict or a small-scale war, the soldiers must have bullets in their rifles, warships need a sufficient supply of artillery shells, and sufficient logistical equipment must be prepared. The weapons and equipment that need to be consumed are bottomless pits and must be prepared in advance.

  Of course it’s best not to fight. Weapons and ammunition that cost a lot of money to hoard are turned into reserves on the spot and become the accumulation of the Red River Valley. This situation cannot be regarded as a waste.

  As a superior person, you must not have the slightest fluke mentality.

  Put all hopes on the intervention in London. The Dutch colonists may not dare to use force, or the Dutch themselves may be counseled, or everything is unfounded, and nothing will happen.

  In case of unfulfilled wishes, after the conflict broke out, the soldiers had no bullets, no logistics, no strong support, and it was not just a war that would have been lost, but the Shangri-La Island and the Red River Valley Ranch.

  The wall is down and everyone pushes

Don’t look at the situation right now. It’s like a raging fire. Li Fushou cannot afford to lose on the issue of right and wrong. Not only must he beware of the Dutch, French, Germans and Americans, but also the British, and prevent the British from being at stake. Time to insert a knife in the back.

  The Chinese forces in the Red River Valley are developing in full swing in Australia. Are those stubborn British conservatives invisible at all? Will the situation be allowed to develop in a direction that benefits immigrant groups? Will the noble title of the Earl of Queensland really be taken into consideration? Will the Chinese be allowed to grow up?

  I’m afraid it’s not necessarily, maybe they are just waiting for a chance to get into trouble.

Great Britain is an expert in conspiracy and trickery. It is notorious in this respect. The reputation of the "European **** stick" is not in vain. There are countless French, German, Russian, Italian, Dutch, Spanish, and Austrian Blood and tears of the Hungarian Empire and other European powers.

  As long as the Earl of Queensland exposed his weak lower abdomen, he rushed up and took a fatal blow.

  For this, Li Fushou is convinced.

  Maybe a trap should be designed to allow those hiding in the dark to jump out and expose themselves to the sun like Speaker Edward.

  The slender fingers tapped the table lightly, and a mysterious smile appeared on the corner of Li Fushou’s mouth...

  (End of this chapter)