Chapter 48 60 Million Lira Railway
"Now all regions are making progress, and we can't fall behind!" On the construction site of the Southwest Railway, Yang **** looked at the railway trunk line that was nearly connected to the entire line, sighing and talking to himself.
Under the temptation of the East Coast people's desperate urging and opening the traffic award and completing the award, the ******* people who felt that the economic pressure finally made efforts last year. From December to August this year (1659), they had continuously built two sections of Xiping-Dalong (33 kilometers), Datong-Caijiazhai (37 kilometers), which was impressive. At present, the Southwest Railway is only one section of the Dalong-Caijiazhai section, which has not been completed, and the entire line will be connected next year.
"Director Yang Wang, the construction of the Southwest Railway is coming to an end. I think it's time for us to discuss the Southwest Railway repurchase." Xiligu, who represents the will of the ******* consortium, rushed from Qingdao County to Yongjin County - a newly established county, with four townships including Yongjin Town, Yongli Township, Caijiazhai Township, and Wujianfang Township. At the same time, Guangling County was established, with five townships under Xiping Township, Dalong Township, Dahua Township, Dade Township, and Guangling Town - it seemed that it was very urgent to talk to Yang ****, Director of the State Railway Administration about the Southwest Railway repurchase.
By the way, the ********** people were really pitted by this railway. I still remember the confidence of these people when the railway was first started six years ago and the unrealistic fantasies about the operating income after the railway was completed, which caused the **** people to invest nearly 50 million yuan in bank liquors to pull this railway line with a total length of only 464 kilometers.
Now, six years have passed, and the dream is about to wake up! ******* people realize that they cannot make money from the operation of this railway, or it will take many years to return the capital, and they can't wait! Therefore, the **** consortium whose patience was finally exhausted planned to activate the repurchase clause of the Southwest Railway as soon as possible, and sell this railway that the East Coast people have treasured like something and abandoned it, recover the funds as soon as possible, and invest in more profitable aspects.
Considering the good relationship with the ******* and even the Italian consortiums behind them, the East Coast government has officially approved the purchase of the entire Southwest Railway at a price of 60 million bank lira - and this is also a clause in the agreement that year - and at the same time, the East and Responsible Grassland Railway Company was cancelled and merged into the state-owned central railway company for unified management.
In order to encourage people to complete the railway as soon as possible, people from the East Coast also promised a large number of subsidy funds such as section opening awards, project completion awards, diligence work awards, etc. Some of these funds have been distributed, while others have not been distributed yet. This time, they will also be settled together.
Furthermore, in order to build this railway, the ******* people transported a large number of labor workers from Germany and Italy, with a total of more than 25,000. Some of these people have sneaked to the east coast to settle down, some have worked on the east coast for five years and comply with the relevant provisions of the Homestead Law and can apply for naturalization, while some (nearly 20,000) are still working on construction sites. Let’s not talk about the first two. For the latter with the largest number, if the East Coast people want to keep this labor force, it will be natural to pay a certain amount of compensation to the ******* people to buy out the contract.
In this way, when the Southwest Railway is fully completed next year, people on the east coast will still have to pay an additional fee of nearly 500,000 yuan. In this way, plus the huge amount of 60 million bank lira required to repurchase the railway, the average annual return of more than 50 million lira in six years can barely reach 3%, which is 2.5-3 times the annuity return of their domestic investment. The yield rate is indeed a bit unsatisfactory, but for Italians with severe capital surplus, they cannot be demanded higher, at least than investing in annuity or government bonds in China, right?
From the perspective of the East Coast people, it is actually not a loss. After all, their manpower is tight, and the domestic construction army always has endless work, national highways, water supply and drainage facilities, houses, docks, factories, railways, forts, etc. I don’t know how many people were exhausted. However, the construction period was still extremely tight. This time, people from the ******* recruited workers in the old mainland to build railways on the East Coast. This was a good thing that was lost in the world. The East Coast people were not only free.
The railway (of course, it has to be paid), and it has earned nearly 25,000 laborers. Moreover, the railways have been built for six years. The railways, sleepers, tools, food, fuel, building materials, etc. have been purchased locally from the east coast. Even the ships transporting laborers are customized in the three major shipyards on the east coast. A lot of money has been deposited in the east coast through various channels. Therefore, the price paid by the people on the east coast is far less than expected. This arterial-grade railway about 464 kilometers long is really profitable!
However, it may not be easy to have such good things next time. The people who suffered losses will probably never have any illusions about the cost of building a railway. If they ask them to build a railway again next time, these people will probably pay a lot. Haha, the 60 million liga railway will never be returned.
The only concern now is probably to pay the bills like this. You know, 60 million bank lira is equivalent to about 10 million East Coast silver dollars, so how to pay the bill is still very particular. First of all, the national finance will definitely not be able to come up with this money. Although the economy has been developing in recent years, domestic tax revenue has increased rapidly, and the profits of state-owned enterprises have also grown rapidly, the East Coast government has always pursued an active fiscal policy, that is, how much money can be done, and will never do the things that the Qing Dynasty "sealed the piles" of the Qing Dynasty, so the national treasury cannot come up with this money.
Then we can only find a way to reserve gold. However, this is limited. Because it has not been a few years since the land loans paid to the Spaniards, even though the Tieling Gold Mine has increased its output, coupled with the privateing and looting of the Shanghai Army in various places, the total amount of reserve gold and silver in the First Prison of the Capital Army is still only 900,000 yuan (in recent years, many acceptance bills have been redeemed, and the pit was too big for construction a few years). Such a little money is probably not enough to pay for the down payment.
Well, after all, you have to find a different way to pay the bill. For example, let the trade in the New Spain and Peruvian market monopolized by the East Coast people, so that the ******* people can also participate. Anyway, the East Coast people cannot sell all the goods. Some of the people who do not have the advantage can be thrown to the Italians, and they will definitely be happy. Well, this franchise trade right can be sold for a lot of money.
In addition, we cannot forget the strong production capacity of the East Coast people. A lot of money can be completely replenished with goods. The government only needs to print more money in China and sell the produced goods to the ******* people in exchange for real money and silver. Anyway, these money (usually bills of exchange) will take several years to repay, which can greatly alleviate the current financial pressure - digging holes for the next leader who comes to power is always the favorite thing for the officials on the stage.
Finally, um, don’t be afraid of losing face and letting ******* people continue their term. If it really doesn’t work, go to La Plata Bank to make a loan. The fiscal fiscal year in the next few years will be tightened. For the Ministry of Finance of the East Coast Republic of China, which has an income of up to 5.369 million yuan in fiscal years 1657-58, it is certainly difficult to digest the railway repurchase funds of more than five years, but it is definitely not insurmountable.
"Mr. Siligu, your eager request to repurchase the railway has caused great trouble to our country's finances. Just like what Mr. Zhou Shenwo Zhou talked with you before, we demanded diversification of payment methods, and at the same time we demanded that some debts be extended. At the same time, we also required the Bank of La Plata, Sao Paulo, Palermo and Saint George's Trading Bank to provide low-interest loans to the Ministry of Finance of our country. Otherwise, it would be difficult for us to take out the money." Yang **** was forced by the ******* people and could only say helplessly: "Don't forget that the last thirty kilometers of the Southwest Railway is still open to traffic yet. You still need to continue your efforts."
"In principle, we agreed to accept the payment method proposed by Committee Member Zhou Shenwo, and Mr. Lopez and I have received joint authorization from several consortiums including the Doria family, but the specific amount of cash paid, the amount of goods charged for the incurred and the crucial right to trade must be discussed carefully one by one. Time is tight now, and we should act as soon as possible." Siligu was conscientiously fighting for his master's interests, and he said: "I think two things can be carried out at the same time, and this will not affect anything. We will complete the last section of the railway at the beginning of next year. What's more, there is only the last section left. We no longer need so many road construction workers. We must also seize the matter of buying out the work contract proposed by your country. After all, we will not raise so many people who do not work in vain. If no one takes over these workers, we can only send them back to Italy and Germany. I'm not kidding."
"Well, Mr. Xiligu, you successfully convinced me." Considering the Xiamei Railway and Liuding Line under construction, Yang ****, Director of the State Railway Administration, finally let go. "I can sign and endorse you on the completion of the Southwest Railway, but I need them to transfer the extra labor workers on your construction site to the railway construction site in northern my country, and it is best to understand immediately, immediately, do you understand?"
"This is not a problem. As long as there is a suitable means of transportation, they can set out to the north today." Siligu said happily, "Then please go to your capital with me as soon as possible. We still have a lot of work to do."
Chapter completed!