Chapter 106, the debtor is the uncle
Vienna
Prime Minister Felix said frowningly: "Your Highness, the rebellion in Hungary is over now. However, some nobles did not participate in the rebellion, but were divided into the land during the war.
If we follow the Land Redemption Act we enacted before, the Austrian government will now pay a total of 2.37 billion rupiahs in land redemption."
(1 shield = 11.69 grams of silver)
"Why are there so many?" Franz asked in surprise.
You should know that after this rebellion, nearly seven floors of Hungary were all finished, including those who had already received lunch boxes and those who were deprived of their titles in the rebellion.
Felix explained: "Your Highness, several Hungarian nobles, were not involved in the rebellion, and nearly half of the redemption was paid to them.
In addition, there are some enlightened nobles in China who are willing to give up their land and need us to pay the redemption money.
In addition, there were also some nobles in the Italian region who were loyal to us, and their land was also divided during the war.
Together, we will have to buy land redemption funds of 237 billion dollars. If anyone continues to give up the land, then this number will increase."
Franz rubbed his forehead. In order to encourage the nobles to give up the land, the redemption money was evaluated according to the market price. If converted, it would be equivalent to 550 million taels of silver.
This money is obviously not something that the Austrian government can take out at one time, although due to the search of the house, the Austrian government now has a large amount of assets.
However, these real estates do not equal cash, and there is no way to cash in the short term, so the Austrian government is still poor.
According to the Land Redemption Act, the land redemption money paid by farmers is collected by the government, and the government is responsible for directly compensating the nobles who gave up the land.
This huge debt hit the Austrian government. It was impossible for Franz to pay this huge debt in one lump sum, and it was even more impossible to pay the debt, which was related to the government's credibility issue.
Franz asked concerned: "How much land redemption money can we charge every year?"
Prime Minister Felix thought for a while and said, "It's about 180 million rupiah."
The 180 million rupiah is not just the land, but also includes a large amount of land seized by the government and the land of the nobles who were exiled.
If only these lands are just withdrawn at a ratio of 30% of the output, the maximum is 40 to 50 million Rhine Shields.
After thinking about it, Franz had no choice but to find that farming was indeed not a good deal. Even if the time cost of funds was not calculated, it would take more than ten or twenty years to recover the capital.
The land redemption fee collected by the government is probably not enough to pay the interest cost of the funds.
Franz thought for a while and said, "Please pay in installments, explain it to the nobles clearly, tell them our difficulties, and let them understand.
The enlightened nobles who voluntarily gave up their land in China first paid half of their redemption, and the remaining ones were paid in installments within twenty years.
Several great nobles in the Hungarian region told them that the government would not pursue the small actions of the rebellion, but as a punishment for their land redemption, it would be extended to installments forty years to pay.
If the rest have small braids, please warn me and extend their redemption payment time. If there is no problem at all, follow the treatment plan of voluntarily giving up the land!"
Franz finally felt it once-the man owed money.
After a revolution, Austrian domestic interest groups also reshuffled. These nobles who were forcibly redeemed land were naturally losers.
The money is in the hands of the Austrian government and the land is in the hands of the farmers, and they have no choice at all.
Before this, the Austrian government was afraid of them because every big noble family owned a large amount of land, serfs, and a large group of small and medium-sized nobles who were dependent on them. They could arm thousands or even tens of thousands of troops at any time.
Now, this situation has changed. The serfs are free and are no longer under their control. The small and medium-sized nobles who are attached to them have been severely damaged.
The tiger without teeth was left with only the power of the tiger. It was not killed all because Franz was also a member of the interests and was unwilling to break the rules.
"Yes, Your Highness!" Prime Minister Felix replied
On the issue of cracking down on local power, the Austrian cabinet and Franz both stood on the same position.
The so-called installment payment does not include half of the interest, and it is paid in 40 years, but in fact it is not even enough interest.
Even if it is an installment payment, it is an unknown when the money can be obtained. As long as the payment is completed within the promised period, it will not be considered a breach of contract.
The specific situation depends on whether these nobles are smart people. If they are willing to cooperate with the government's actions, everything is easy to say, and the Austrian government will pay back the money as soon as possible.
If they continue to fight against the government without knowing their lives, they probably may not be able to see the money in their lifetime.
Not everyone is so optimistic. Metternich was frowning on the side. After a while, hesitantly said: "Your Highness, so many nobles suddenly have no land and have lost their source of income. It is not easy to transform.
If they can’t find a way out, it may become a social hazard in the future.”
This is a realistic problem. It is impossible to turn all nobles into capitalists. Doing business will also lead to losses. If they really transform blindly, they will most likely lose money.
Don’t expect these people to go bankrupt and become workers honestly and go to the factory to work peacefully.
What is more likely is that after bankruptcy, they will join the revolutionary army in an attempt to break the social order and redistribute social wealth.
The Minister of Education Earl Leo thought for a while and said: "Our Ministry of Education can hire some nobles to serve as language teachers, and most nobles can be competent, but this requires an increase in salary!"
For the same position, the salary and treatment between nobles and non-nobles is also different. Don’t think it’s a common situation on the European continent.
"This is just a drop in the bucket. A little aristocrat with no ambition may accept the position of teacher, but most aristocrats cannot give up their airs and become a rural teacher!" Felix shook his head and said.
Grand Duke Louis suggested: "Why don't we open up a colony and let them colonize overseas so that they can't stop at home?"
During the Metternich era, Austria did not open colonies overseas, which did not mean that Austria did not have the strength to open colonies.
As the top four major powers in the world, it is not difficult to obtain a colony overseas as long as the government relaxes its hands and feet.
Chapter completed!