Xinshun 1730

Chapter 769

On the point of issuing new shares or bonds, the decision of the 17-member board of directors is actually in line with the group interests of shareholders who "get in first".

Whoever got into the car first would be part of the 800 million taels of silver original shares, and no one wanted to issue new shares.

So now the problem arises.

Dashun went to Nanyang.

The original shares of 800 million taels are paid directly, and it is really not unaffordable.

But what about 12x bonds?
This is what really kills.

This is the existence that leads the bastard and hangs the turtle.

The leverage is too great.

This is why Liu Yu said that even if the Dutch knew the news that Dashun was going to Nanyang in advance, they would have nothing to do.

If you insist on issuing bonds without adding new shares, how can you expand your army and prepare for war in Nanyang?

On the other hand, Dashun is eyeing the expansion of the military and prepares for war. Even if it issues new shares, is there anyone willing to buy them?

Knowing that the money may be in vain, who will take over the company?

With this money, isn’t it good to buy French treasury bonds, British treasury bonds, and Russian treasury bonds?

If the East India Company issued new shares at the beginning, increased capital, lowered dividends, harmed the interests of the original shareholders, and considered the long-term interests of the company, it would not have resorted to many means of exhausting resources and no foresight in Southeast Asia.

But on the other hand, doing so obviously violates the profit-seeking nature of capital, and what is needed is not a board of directors responsible to all shareholders.

It is an absolutely centralized, unambiguous, unlimited power and unlimited responsibility chairman, or the king of the East India Company.

This again runs counter to financial rules.

And the financial rules that are one step ahead are the cornerstone of the Netherlands leading the world and becoming a superpower.

Therefore, the East India Company was powerless to face the Nanyang issue.This is for institutional reasons.

These East India Company bonds issued to protect the interests of original investors are the reason for the financial turmoil in the entire Netherlands.

If it was just the mere equity assets of 800 million taels of silver, the Netherlands would suffer at most.

But the 12 times the bond completely collapsed the entire Dutch financial market.

According to the historical process, the standard procedure to get to this point is: the government stepped in to dissolve the East India Company, take over the colonies and all assets of the East India Company, and also assume all the bonds and debts of the East India Company.

However, how can the current Dutch government have this ability?
Many riots of dissatisfaction have erupted among the people. At this time, it is announced that the East India Company will be nationalized, and all the Dutch people will pay for the debts of the East India Company and wipe their asses?

Not to mention the Netherlands, which is still a loose confederation of seven provinces, even Dashun, where feudalism has reached its peak, has 12 times the bonds on its head. home care.

Dashun also couldn't afford to pay off the tens of millions of taels of debt, even if it was paid off in a few years, it still couldn't afford it.Intuitively, it is enough to abolish the water to transform the sea and the simple governance of the Huanghuai area; it is enough to fight Junggar three or four times.

So the situation in the Netherlands is very strange now.

It is very similar to the situation when Liu Yu instigated in the Netherlands, but William IV did not take the initiative at all.

On the one hand, the Parliament faction has always hoped to drive out the Orange faction, let the Orange faction step down, and get out completely.

On the other hand, the people were already extremely dissatisfied at this time, and they were completely disappointed with the Orange family, but the parliament faction also disappeared at this time, and did not stand up at all.

Whoever stands up at this time will have to bear everything: drive out the French, repay the bonds of the East India Company, stabilize the domestic financial market, stabilize food prices, crack down on speculators, and cancel the tax package system.

If you don't do it well, you're finished.

At this time when William IV was about to run away and didn't want to be a consul at all.

The parliamentarians who had always wanted to overthrow the Orange faction before, now wished that William IV, the consul, would remain in office until his death.

No one wants to turn the tide at this time, and no one has the ability to turn the tide.

Of course, William IV was not stupid. The East India Company also applied to The Hague, went bankrupt, and was taken over by the government to fully take over the East India Company.

However, the Hague government did not accept this offer at all.

Under such circumstances, Dashun’s envoys, which had driven the East India Company to a desperate situation and completely collapsed the Dutch financial market, became the guests of the Dutch business class.

Anyway, if it is a limited liability company, it will go bankrupt and liquidated, and it will lose everything. The major shareholders and the board of directors can't let the major shareholders and the board of directors pay their own pockets to pay off the company's debts, right?
The company goes bankrupt, or the Netherlands dies, and life is still going on.Capital still has to pursue profits and find investment directions.

Now the whole world is restless, Britain and France are big countries, it is uncertain who will win and who will lose. If you buy foreign government bonds at this time, what if you don’t pay them back in the future?
Other investment directions are poor, and there is no particularly explosive profit growth point.

Buying the national debt of the Netherlands itself, the Netherlands is like this, after seeing the calf, isn’t it stupid to buy the national debt of its own country?
However, Dashun, which suddenly broke into the European world in recent years, gave many financiers in the Netherlands new hope.

In the eyes of European financial capital, Dashun is like a rising star, brighter and more gratifying with the move to Nanyang.

Dashun didn't have a spice addiction, and the emperor probably didn't want to collect a lot of spices and pile them up in the house for fun, so he definitely wanted to sell them out.

If you can win the European sales rights of spices, wouldn't this be a hugely favorable investment direction?

Of course, the profit is definitely not comparable to that of the original East India Company, but it is definitely better than buying government bonds.

Therefore, the directors of the East India Company showed unprecedented enthusiasm and specially invited company staff who are proficient in Chinese culture to write invitations according to the way they deal with Dashun officials, hoping that Qi Guogong, the head of the Dashun diplomatic mission Appreciation.

When Qi Guogong came, these merchants saw Kang Bushao following behind Qi Guogong, and they all had a lot of hope in their hearts.

When Liu Yu went to Russia to carry out a coup, Kang Bushao stayed in Amsterdam and dealt with these people a lot.

According to the judgment of the East India Company, Liu Yu can be regarded as Dashun's behind-the-scenes foreign minister.

Since this person is Liu Yu's confidant, it can be seen that Dashun's envoys have great power this time, and they can definitely achieve many meaningful results.

Duke Qi did not put on a guard of honor when he went to the banquet this time, because it was not the Dutch officials who invited him to the banquet, but the Dutch parliamentarians and business class, and he only came to the banquet in his private capacity.

One of Duke Qi's missions is to encourage the parliament faction to drive away William IV, to reach a settlement with France with the new government, and to tear up the Anglo-Dutch mutual defense treaty.

These are the people who will be collaborating in the future.

But now, it's not the time to show Dashun's bottom line too early, instead, let people grasp the opportunity.

After some pleasantries, the Dutch side took the initiative to ask questions.

What is Dashun's opinion on the Sino-Dutch war?
How is Dashun going to resolve the Sino-Dutch war?

Is it possible for Dashun to participate in the war in Europe?
Will Dashun fund France and even go to war with Britain in India?
After Dashun seized Southeast Asia, how did the spices in Southeast Asia adopt a sales model?
According to Dashun's rules, it's actually quite impolite to ask such straightforward questions while eating.

However, Qi Guogong came today to frighten these Dutch businessmen, and he didn't take it seriously.

After the translator translated these questions one by one, Qi Guogong said with a smile: "The old man came this time to take advantage of the fire."

Fortunately, the interpreter's cultural level is not low, so he tried his best to translate the allusion that the Dutch people could understand, and said: "Once upon a time there was a fisherman who set up a net to fish in the river, and he put the net across the river. , then took a rope tied with stones, and kept beating the river water, causing the sand to rise up, making the river muddy, and the fish threw themselves into the net in a panic. The fisherman caught a lot of fish by this method. But living in People nearby accused the fisherman, saying: "We depend on this river for drinking water. You have made the water so muddy. Where can we find clean water to drink?" The fisherman replied: "But if I don't muddy the water, then I must starve to death."

"The Celestial Dynasty is the fisherman who muddied the water. Now that the water in Europe has been muddied, the Celestial Dynasty wants to fish."

Although it is far from the original intention of taking advantage of the fire, these Dutch people also understand it. They all say that the Chinese are elegant, modest and reserved. How can they be so straightforward when it comes to interests?

This allusion from Aesop's fables is indeed quite appropriate to use here.

A few years ago, Dashun was tossing about free trade and exploration and cooperation trade, which made the Dutch people angry; now, as early as April, it announced its conquest of Southeast Asia early.

This really muddied the water in the Netherlands, so that the merchant class in the Netherlands did not have clean water to drink, but Dashun took the opportunity to catch fish.

Qi Guogong waited for the translator to finish his translation, and said: "Since you want to take advantage of the fire, you might as well explain it clearly."

"Now your company is heavily in debt, and you need to pay compensation. But now, the Dutch government does not take over the company, and the Chinese government has won Nanyang, and no one thinks that the East India Company is still valuable. You must not pay the money; your industry , If you want to sell it, ordinary people will not buy it."

"However, the Celestial Dynasty is quite interested in some things."

"For example, your company's merchant ships. Now trade is stagnant, all countries are at war, and there are many privateers on the sea. This merchant ship may be valuable in the future, but it is definitely worthless now. The Celestial Dynasty plans to buy a batch of your merchant ships."

"Besides, the eastern part of Ceylon, including some strongholds in India, are the spoils of war of the Chinese Empire. They don't cost money to buy. However, Cape is quite far away. If the Chinese Empire sends troops, it will be troublesome. Someone suggested that you just take some money and buy the Cape of Good Hope.”

"You see, this is called taking advantage of the fire. Now the creditors are eager to collect their debts, and the shareholders hope that the company's assets will be sold as soon as possible to redeem their shares; although the creditors can also accept assets to pay off debts, but places like the Cape Colony , they may not be willing to buy it. As for the merchant ship, if you want to sell it now, no one will buy it because of your posture of robbing ships everywhere at sea. "

"The price is just low. China is rich now. These assets are worthless to you; but to China, they still have investment value, so I just bought them together."

"Take advantage of the fire to rob, and it's a real gift in the snow, helping your company collect money to pay off the debt. What do you think?"

(End of this chapter)