Chancellor Carl said happily: "Your Majesty, the £50 million bonds we issued in London have been sold out."

It was really smooth, or the British had too much capital. Dominating most of the international trade market, the British accumulated too much capital.

If the domestic market cannot be digested, it will naturally be able to target overseas. However, the overseas market also has thresholds. Not everyone is qualified to play. Those who lack strength can only invest in stocks and bonds.

The construction bonds issued by the Vienna government are all high-quality assets no matter how they look at them, and are naturally popular among small capitalists and the middle class.

The 50 million pounds sold out in less than a week. This speed is completely a snap-up. You should know that the annual interest rate of the bond this time is only 65, which is not too high.

Of course, this is not the final cost of issuing bonds. It also has to pay the bond handling fee, publicity and printing fee, and the money has to pay the exchange fee.

Franz asked concerned: "Where is Paris and the country?"

Since it is issuing bonds, it is naturally impossible to target only the London financial market. Paris Vienna and Frankfurt are also European financial centers. How could Franz ignore it?

Chancellor Carl replied: "There has been sold in Paris for 6.5 billion francs, and the remaining ones are expected to be sold out within one month; 94.8 million SHIELD has been sold in China, and it is expected to be sold out within two months."

(1 pound ≈2 ASCHELL ≈25 francs ≈72 grams of gold)

Franz asked in surprise: "Is Vienna's financial market carrying capacity so strong?"

To do the whole show, since you want to fool the capitalists into jumping into the trap, the Vienna government must also have real money and silver. Capitalists are not fools, they are all masters who do not show off their rabbits and do not show off their eagles.

For this reason, the Vienna government issued 500 million construction bonds to the outside world, and ensured that the money was used exclusively and only used in domestic infrastructure construction.

Among them, 100 million ASUS bonds were issued to London, 80 million ASUS bonds were issued to Paris, and the remaining 1.7 billion ASUS bonds were issued in Frankfurt and Vienna respectively.

According to Franz's estimate, with the bearing capacity of the domestic financial market, the economic crisis broke out before construction bonds were digested.

If private funds purchase bonds, the funds flowing into the stock market will be reduced, and the funds flowing into the real economy will also be reduced.

After the economic crisis breaks out, everyone's losses can be minimized, and the number of people who jump off the building should be reduced a lot, so as to preserve their vitality as much as possible.

Carl explained: "Your Majesty, Frankfurt has a great influence in Central Europe, attracting investors from Switzerland, Belgium and the Kingdom of Prussia to join, and bond sales have exceeded Vienna."

After pondering for a while, Franz suddenly understood. Under normal circumstances, Frankfurt could not be comparable to Vienna, and it would not be possible even if it attracted the capital from the surrounding area.

However, the capital consortium in Frankfurt has this strength. They can buy the bonds themselves first and then sell them slowly.

In addition to showing kindness to the government, they also mean to show their strength to the Vienna government in order to gain a higher political status.

When Franz understood the meaning, he naturally knew that he would repay his favor. Frankly speaking, if Vienna was not the capital, had too many resources and had gathered a large group of rich people, otherwise he would not be able to compete with Frankfurt at all.

Since modern times, Frankfurt has been the financial center of the German region. In another time and space, by the 21st century, Germany's largest financial center was Frankfurt.

Fortunately, Frankfurt is a free city. It has only economic strength but has no possibility of growing bigger, otherwise Franz will have a headache.

Franz thought for a while and said: "To the Navy's new shipbuilding plan, another Frankfurt ship will be added."

"Yes, your majesty!" Navy Minister Filcos replied happily

Franz spoke in person, naturally, the added sail warships could not be, and now the only ones worthy of everyone's attention are the ironclad ships.

As a land-powered country, the navy's military budget is naturally limited. Even if it has gained an advantage in this naval technological revolution, the Vienna government has no plan to expand its naval force greatly.

The Navy fought over and over again and finally got the budget for two ironclad ships. This was not a year, but a three-year shipbuilding budget.

One ship is the Imperial, or the "New Holy Roman Empire", and the other is the Vienna.

There is nothing wrong with it, it is all full of strong political colors. At this time, adding a Frankfurt ship undoubtedly reflects the importance of Frankfurt in the empire.

This is Franz's kindness to the Frankfurt capitalists. If other state governments are willing to sell well to the central government, he would not mind adding a few more ironclad ships.

To put it bluntly, a iron-clad ship only has hundreds of thousands of ASCH, and the volume is greater than that. The cost of the first "Frederick" was 800,000 ASCH. Now the second batch of improved warships has slightly improved performance, but the cost has been reduced.

The main reason is to develop and test new technologies in the early stage to increase shipbuilding expenses. Now, the unit price of two ironclad ships has been started at one time, and the unit price has dropped to 580,000 ASCH. If the unit price of three ships is started, the unit price will continue to drop.

The number of states in the new Holy Roman Empire is not large. Even if each state named one, it will only increase the expense of two or three million Syrian shields, which is completely within the scope of tolerance.

The navy's real money burned since the era of the Dreadnought. A battleship moved millions of magic shields, which was the real gold-swalking beast.

Moreover, military expenditure is not borne by a single Austrian state, and all states must be distributed in proportion based on their respective fiscal revenue.

Franz said seriously: "Since the funds raised have been obtained, we will urge the winning capitalists to start construction as soon as possible, and all projects will be carried out according to the contract.

The Ministry of Finance and local governments cooperate with each other, and the Anti-Corruption Bureau strictly supervises it, and absolutely no violations of regulations and discipline are allowed."

Starting construction is necessary, otherwise the economic crisis will break out and the winning capitalists admit defeat and give up the margin and leave the market, which will be embarrassing. After the news comes out, people will not say that the Vienna government defrauds everyone of their margin.

In order to avoid such a terrible result, Franz had to start construction. Small projects were indispensable among so many projects, which might be completed in a few months.

The settlement will be made after the completion. As long as the money is obtained, no one can say that the Vienna government is cheating on deposits.

Because the economic crisis broke out and the capital chain was broken and the big project could not be completed, it was the bidder's own responsibility. It would be a price to take on projects randomly without the strength.

"Yes, your Majesty!"

……
Chapter completed!