Chereads / Bulgarian Empire / Chapter 105 - Chapter 105: Issuing bonds

Chapter 105 - Chapter 105: Issuing bonds

"Hey, what do you two think? There seems to be a problem!" One of the tall men said

"What do you think, Lukar doesn't understand it! A noble master, intends to build a black heart factory, and cares so much, as long as we can make a fortune, it is not something we can join together!" The middle-aged man with a slightly obese body returned

"The fat man is right, Lucar, the aristocratic masters, we can't ask about it! With this effort, it's better to think about how we can recruit more people to exchange bounty!" Another said

"I know what you said, but I always feel weird. Is it not easy for an aristocracy to recruit workers? With their power, where do we need our help? And the salary is so high, you do n't think it 's very bad. Is it normal ??? "explained the tall man named Lucar

I heard Lucar, two thoughtful. After a moment of effort, the fat middle-aged man seemed to think of something, his face changed greatly, and he said with some fear: "Isn't he supposed to open a black mine? I heard that some unscrupulous capitalists lied around. When people go to the mine, there is no return! "

"What should we do? He is a noble, if we agree and do not do it, I am afraid that it is ~~; if we do, how else do we stand in Sumei? Seeing that this situation does not have a thousand or eight hundred people, it cannot be paid Poor, just in case something happened, so many genealogies haven't tore us three? "Another humane

"Not so serious! Most of the people who dare to do that are mostly remote small mines and few workers. This aristocratic master recruited a lot of people. Thousands of workers were in trouble. How could he really dare to fail? Once leaked The sound of the wind, even the nobles, ca n't eat it! "Lucar shook his head and said

"What do you mean, we try to find a place for him. Everyone has a look after each other, and the more people, the better?" The fat man asked tentatively

"Yes! A few civilians are termites in their eyes. If there are hundreds, thousands, or even tens of thousands of people? How can it not be done too much!" Lucar said confidently

Uh ...

For the ruble and for his future life, the three called friends and friends and encouraged everyone to go out to work.

Thanks to the natural disaster some time ago, most of Sumei's grain was under-collected. Many people are worrying about their livelihoods, and the results are very significant. In just one week, more than 1,000 people registered.

Earl Wollensky was very cautious and did not go out in person, but sent his servant Vickis to come forward. Under the witness of God 's representative priest, a labor contract was signed with the workers on behalf of Earl Wollensky.

In his opinion, he did not breach the contract! !! The contract did not specify the work location, and the wages were not deceiving. There is also this income from mining in Bulgaria. It is not enough to work overtime, there will always be! !!

Such low investment, high return and zero risk trading can be difficult to find. In the view of Count Wollensky, the Bulgarian government is completely a "sky-sword" stupid, high-quality intellectuals do not want to spend a lot of money for a group of stupid unscrupulous dalits!

If you let Prime Minister Constantine know that you will definitely scold your mother, what's the matter with them? The Grand Duke insisted on it, and Ferdinand, who was always happy to accept him, was very resolute this time: if you have opinions, you must implement it 100%. If you dare to discount it, go home and plant it!

Jeffrey Dinant does not want high-quality talents, at least scientists, engineers, and doctors, he is very welcome, and he is willing to pay high prices! But where are all these scarce talents, and I haven't seen you come over? ?

The population trade is still in full swing, and there are still few savvy people like Count Wollensky.

Most aristocrats have also worked as usury lenders. They used to worry about those poor people, after all, Mao Xiong's manpower was worthless! It's simple now, first squeeze out the oil and water, and then the whole family and young children pack up and export together.

I can make a fortune again. Although the old and the weak are not welcome, as long as there is a strong labor force, Ferdinand said that the people will not refuse, it is nothing more than a lower price!

In the short term, young labor is more valuable, but in the long run, it is easier for the whole family to come together.

I tossed for more than half a month, and the Ministry of Finance finally came up with a scientific figure, which at least won the approval of most experts! !!

The national construction bonds totaling 200 million levs are planned to be issued within three years, with annual interest rates of 5%, 7.5%, and 10.75% for five-year, ten-year, and twenty-year terms, respectively.

Are these interest rates high? ? To Ferdinand, it's not high at all! The longer the time, the greater the risk, and the higher the interest rate, even the risk of gold standard inflation still exists! !!

The society is developing. The end of the 19th century is the beginning of the second industrial revolution. Human wealth is growing explosively!

Don't look at the low interest on international loans. If you carefully calculate other additional conditions, you will find that it is better to issue bonds!

末 At the end of the 19th century, there was no saying that "the man who owes debts is the grandfather." The most popular in this period is "the axiom is within the range of the cannon." !!

If it is a bond issue, it will be different. Most of it will be in the hands of individuals. For this part, it really is "the man who owes money is the uncle"!

找 Any excuse for deferred payment and deferred support, UU Reading www. uukanshu.com or set up a complicated process to delay the payment time, these routines have seen many Ferdinands before! !!

Anyway, ordinary people are powerless against a rogue government. Of course, this hurts credibility, and Ferdinand will not do it unless it is absolutely necessary! !!

Uh ...

I received the plan from the Ministry of Finance, and Ferdinand invited Treasury Secretary Kennedy to ask, "Mr. Kennedy, how do you intend to sell the bonds?"

Twenty-two million levs is not a small figure, which is equivalent to sixty-nine tons of gold! !! It is 1.25 times the fiscal revenue of the Bulgarian government in 1893. It is not easy to sell it! !!

Kennedy hurriedly said, "Her Grand Duke, this ~~, we ~ I'm afraid I can't guarantee the sale !!"

Hearing this, Ferdinand stared at Kennedy fiercely. There is no way to sell it, what do you do to make this plan? Is it to make me play? ? If you do n't have a proper explanation today, it 's not over! !!

Seeing that Ferdinand was about to get angry, Kennedy quickly explained: "My Excellency, this is the first time that we have issued such a large-scale bond issue. The Bulgarian government's international credibility, how exactly we are not sure!

In order to solve the financial gap, what we plan is just an idealized number. How much can be sold out is an unknown number! In fact, for the first batch of bonds, we only sold 50 million levs.

Our Ministry of Finance is ready to negotiate with banks and consortia of various countries, hoping that they can act as sales agents. Unless they are optimistic about us and can eat a portion, the results are not optimistic! !! "