Chapter 281： Withdrawal (1/2)
Franz is very busy recently. The economic crisis is about to happen. He must cash out most of his industries. Companies that can go public and make money can go up and down.
All investment in stocks and bonds must be emptied. Without enough money, how can we make a bottom?
Franz had personally questioned everything that involved huge sums of money. It ’s all their own money, but I just ask them all to take care of them. Who can rest assured?
Especially at the critical moment before the outbreak of the economic crisis, the loss caused by any wrong decision is astronomical.
Not only personal assets need to be dealt with, but the Habsburg family's industry also needs to be dealt with. So many industries are intertwined, and Franz is scalp.
This can also be regarded as a happy trouble. In the past few years that dominated the Habsburg dynasty, the family industry has also expanded rapidly, with investments in many areas.
This is usually a good thing in normal times, and it may not be necessary in the event of an economic crisis. Once mistakes are made in decision-making, the results of hard work in recent years will disappear.
The butterfly effect is powerful. Historically, this economic crisis started in the second half of 1857 from the United States. Now a rapidly industrialized Austria has been added. Who knows what will happen?
Some time ago, the Vienna government continuously started municipal engineering projects to attract capitalists' investment, which was essentially a means to delay the outbreak of the economic crisis.
The start of these basic engineering projects naturally consumes part of the industrial capacity and alleviates the crisis of overcapacity.
Taking advantage of this opportunity, the Vienna government also launched a lot of meager industries. In a darker way, Franz is also giving himself time to retreat, but this is also good for the country.
This retreat must also be carried out slowly, to find enough receivers, or so many funds from the market at a sudden to leave, or not immediately crash?
Not sure when the economic crisis will break out. From the beginning of 1856, Franz has slowly realized the industry in his hand and has continued to the present.
John Stewart reported: ”Your Majesty, the last batch of railway stocks have been thrown out, and a total of 1.8 million Aegis have been cashed out; five cement plants have been sold this month, and a total of 78 million Aussie cash has been realized shield……
It is expected that in the next two months, all the industries in our hands to be sold out will be emptied, and about 66.8 million Aegis will be raised. ”
Franz nodded, and he was still satisfied with John Stewar's work. Since the beginning of 1856, on average, he has to cash four or five million Aegis from the market every month.
Without causing market turmoil, John Stewart has done a great job. About one tenth of this money is Franz's personal property, and the rest is family business.
It is enough to see that the European royal family was still very rich in this era, and the accumulation of hundreds of years is not a joke.
These funds are only part of the royal assets, and more are real estate. Vienna is part of the royal family, including Vienna. How could the Hapsburg family be poor?
Before Franz came to power, the Habsburgs lived mainly on land and real estate income, and the liquidity was naturally low.
Since the implementation of the land redemption policy by the Vienna government, as the royal family will naturally take the lead, Franz releases 700,000 hectares of land in remote areas in exchange for a large amount of cash.
Most of this money has been invested in real estate and manufacturing. The part that is currently cashed out is manufacturing. In the environment of overcapacity, manufacturing has become a bad asset.