Vol 5 Chapter 53: ,mortgage

In the face of Lev, Nicholas II quickly approved the transaction, and the handover between the two parties went smoothly.
The locals have two options, either to return to the Russian Empire and funded by the Bulgarian government to buy all their local assets; or to stay and apply for Bulgarian citizenship.
This multiple-choice question is easy to do. Most ordinary people chose to stay. The civil war has gone on and the young and strong of the Russian Empire have suffered heavy losses. For military service, everyone can hide or hide.
According to incomplete statistics, before the outbreak of the World War, the population of the Russian Empire was about 160 million. After the end of the World War, it dropped to 146 million. Now this number has dropped to 124 million.
In addition to war casualties, the greater population loss is due to the chaotic situation and poor economic conditions, which have caused a sharp drop in the birth rate, and hunger and immigration have also caused a large number of human losses.
According to estimates by the Bulgarian Population Agency, even if the Russian Empire ends the war, the population will continue to grow negatively in the next ten years. A large number of young men have been consumed in the war. The balance between men and women has now been broken. At present, young women in the Russian Empire , At least six million more than men!
Benefiting from this situation, Bulgaria’s domestic gender balance problem has been easily solved, and the imbalance between men and women of European immigrants has been improved.
The ruble’s credit has long since collapsed, and now the most circulating currency in the Russian Empire is the Lev, followed by the British Pound and the Franc.
In the face of this situation, it was not that the Tsarist government did not take measures. They re-issued the golden ruble, but unfortunately they were soon dragged down by a private run.
Without sufficient credibility, the people got the ruble and wanted to convert it into gold as soon as possible. Seeing this, the government of Nicholas II was forced to announce the termination of the exchange.
Then the currency value of the golden ruble fell rapidly, and was finally abandoned by the people. The Russian people now recognize gold and foreign exchange, and have no love for the ruble.
The most funny thing is that after the credibility of local banks collapsed, foreign banks are now the most popular in the Russian Empire. Even the national bank established by the tsarist government is incomparable.
In this situation, all three Russian governments exist. It should be said that both Russian governments exist. The Moscow government has already started nationalization. The rich have been ransacked and wiped out. The poor have no money to save. Even the currency has been replaced by bills. Their finances are relatively relative. It's still the best.
After receiving the money, the first thing Nicholas II did was to pay the army salary, which was owed for half a year. The soldiers who issued the ruble before did not buy it, and there was no way but to reissue it.
Now that Nicholas II has learned to be clever, no matter what, let's hold the army firmly. Not only did the army have to blast, but even the salaries owed by the government had to be settled. In this regard, Nicholas II was also a good boss.
He spent more than half of his land sales income of more than two billion levs. He had to buy ammunition for the remaining funds to launch a war of unification.
It would be okay if he didn't fight the war. The money would be enough for him to spend half a year. Once the war is rekindled, it can be used up in one month.
Nicholas II said cautiously: "Prime Minister, urge Sasonov to speed up the negotiation process. In 1922, we will launch a war of unification!"
The Prime Minister was taken aback, and hesitated: "Your Majesty, will you wait any longer, for a long battle, our soldiers need to be repaired, so why not delay for a year!"
Nicholas II smiled bitterly and said: "Do you think we are still procrastinating? You are all aware of financial issues. Every year of delay will cost five or six billion pounds. Where do we go? So much money?
Money is only one aspect. If it is really urgent, we can still sell the land. Presumably the guy Ferdinand is already ready to take the offer. As long as we dare to sell, they will take it!
You know, they actually packaged up the German and Italian war reparations. The Bulgarian government now has money in its hands!
But what about the international environment? Once Britain and France resolve their internal problems, will they tolerate the reunification of the Russian Empire?
If they give blood to the two rebels, when will this war be fought? One year, two years, three years, five years, ten years, eight years?
No one can tell these things. If it takes a long time, it will be difficult if we want to be unified again! "
The Prime Minister was silent. Everyone knows these issues, but they are just selective avoidance. Otherwise, when Nicholas II wants to sell the Crimean Peninsula, he will not get their support!
...
Sassonov, who received the telegram, started to have a headache. Originally, it was troublesome to talk with the bank representative. Now, he is still urged in China to speed up!
On October 22, 1921, the negotiation meeting between Bulgaria and Russia on loans was officially opened. This time the protagonist was no longer Metev. The Ministry of Foreign Affairs only provided a venue for both parties.
The head of the bank delegation is Cage Nicholas, the CEO of United Bank, and the two deputy heads are Wolf Regus, the representative of the National Bank, and Marshall Pristef, the representative of the Royal Bank. .
In addition to these three, the three major banks have also formed a temporary evaluation team, a financial team, and a negotiation expert group. The total number of people in a mess adds up to more than 300 people.
At the sight of this posture, Sassonov was a little dizzy. It would be strange if he hadn't come prepared!
Metjev's identity this time is an intermediary. He took the lead and said: "On behalf of the Ministry of Foreign Affairs, I welcome everyone here. In order to preserve the traditional friendship between Russia and Russia, I hope everyone can successfully reach cooperation in the future.
Well, my nonsense is over, Mr. Sasonov and Mr. Cage, now you can start! "
Cage said: "Thank you, Mr. Metiev, for providing us with this venue, and I hope that our next negotiations can proceed smoothly.
In business talks, Mr. Sasonov, how much loan does your government need this time, and what collateral is it willing to provide? "
Sassonov was taken aback. Of course, the more the loan is, the more the better, but the mortgage problem is a headache. There are no domestic regulations. In theory, he can call the shots wherever the mortgage is.
This is based on the fact that the government can repay the loan. As long as the loan can be paid off on time, it doesn't matter if he mortgages St. Petersburg!
If the government is unable to repay the loan on time, it will be in great trouble. He who has lost a lot of interest will definitely not have good fruits in the future!
Sasonov asked back: "Mr. Cage, I want to know how high the loan amount your bank group can accept?"
Cage smiled slightly and said: "It depends on how big the benefit is. If the benefit is big enough, I think we can provide the funds your country needs!"
Sassonov was shocked and returned to normal soon. It is impossible for a bank that monopolizes Bulgaria's financial power to lack funds, and even no consortium in the world has large cash flow!
Of course, a more important reason is that the Lev loaned by the Russians will eventually return to Bulgaria.
It was impossible for Nicholas II to go to war with Lev. They wanted to buy weapons and ammunition as well as various strategic materials. As soon as they changed hands, seven or eighty-eight funds flowed back into Bulgaria, and the money was still Will enter the bank again.
Sasonov thought for a while and said: "We plan to borrow 10 billion levs. The Russian Empire can use the Volyn Heights, the highlands along the Dnieper River, and the heights along the Black Sea as collateral. Sexual debt service!"
Cage shook his head and said, "Mr. Sasonov, with all due respect, no bank in the world dare to do this business based on the conditions given by your country!
Even if there is no civil war in your country, it is very difficult for you to obtain this loan under such conditions as in the peaceful era. What's more, it is now in the era of war. If we are not good, we will lose everything! "
Sassonov's face sank. He knew that the negotiation might be so smooth, and the conditions just thrown out were just a test.
Instead of answering directly, he threw the question out: "Then Mr. Leitch, what do you want?"
Leich thought for a while and said: "There is nothing wrong with the loan figure of 10 billion levs, but there is a change in loan interest, repayment methods, and collateral!
For the loan interest, we must calculate the interest on a monthly basis. The monthly interest rate is eight thousandths, and the fund is linked to gold. You have to bear the inflation yourself.
Collateral We suggest that the Great Plains of Ukraine controlled by the Russian Empire be used as collateral, so that everyone can accept it! "
Sassonov was like a fryer, and shouted loudly: "Impossible, you are taking advantage of the fire!"
Cage said calmly: "Mr. Sassonov, you also have to consider the cost of risk I have undertaken. Once you lose the war, we will lose everything!
With such a high risk, we need a little more interest. Is this excessive? At present, the benchmark interest rate of international loans is basically maintained at 4.5 to 6 per thousand per month, and I have only increased it a little!
As for the issue of collateral, mortgages all over the world are discounted. As long as you can guarantee repayment on time, these are not problems at all!
Unless you are not sincere and have no intention of repaying the loan from the beginning, there is no need for you to struggle with the issue of collateral! "
Sasonov said with a mournful face: "Your interest is too high. It has exceeded the affordability of the Russian Empire!
As for the collateral you want, it has far exceeded the value of the loan. Even if the collateral is to be discounted, it cannot be so cruel, right? "
Cage smiled slightly and said: "This problem has increased the cost of risk! Everyone knows that the greater the risk, the greater the benefit!
If you have no way to reduce our risks, then we can only increase our interests. Otherwise, what is the significance of doing this business to us?
Mr. Sasonov, might as well go and consult again, people in the banking industry in your country, ask them, are our requests really excessive? "
Sassonov's face sank. Bankers in the Russian Empire have become the laughing stock of the world. At the same time, they have also become government wanted criminals. Isn't it funny to consult them?
Without the Bulgarian government, the risk factor of this loan would be almost 100%, and normal people would not take this business!
But this loan is obviously endorsed by the Bulgarian government. They have the ability to recover the loan. If it is impossible, they can also sell the mortgaged land to the government. The risk has been transferred!
Sasonov thought for a while and said: "We can bear up to six thousandths of a monthly interest. This is also a normal international loan, and the repayment standard can also refer to international standards.
As collateral, the Russian Empire can take out all the factories and enterprises in St. Petersburg, plus half of the Ukrainian region, with the Dnieper River as the dividing line, these assets are worth 20 billion lev! "
Cage shook his head and said: "We are not interested in your country's enterprises, no matter how much their value is, it is zero to us!
As for this half of Ukraine, if your country is willing to sell it directly, I think it’s not a problem to sell for 8 billion lev, but it’s not enough as collateral.
We are a bank, not a charity. We must make money in all businesses. If profits cannot be guaranteed, we would rather not do this business! "
The two fell into silence, and Metevev on the side suddenly said: "Mr. Sasonov, in fact, Mr. Cage's proposal just now is still very good. You might as well consider it and sell the Ukrainian area directly. Get a lot of money, so don’t worry about all the problems!"
Sasonov cursed secretly in his heart, good guys just now the bank only suggested to sell half of Ukraine, and it turned into selling the entire Ukraine in a blink of an eye.
Do you really think that the Russian Empire has no Tianzhu country thief? If you go too far~EbookFREE.me~ the Russian people will also punish the country!
However, Sassonov still did not change, but politely declined Metiev's proposal.
He said that although the Russian Empire is vast, no one inch of land is superfluous. It sounds like he did not sell land before!
The negotiations on the first day naturally ended in vain. Everyone just got a feel for each other's bottom. It is estimated that there is still a long time before an agreement can be reached.
Although Ferdinand didn't care about the interest, he thought from the beginning that Nicholas II could not pay off his debts, but as a bank, if he didn't care about interest and focused on the collateral, all fools knew there was a problem?
Therefore, bank representatives have to care about the interest with the Russians, to convince them that this is an ordinary loan, it is nothing more than a larger amount and higher interest, and finally relax your vigilance on the collateral!
As for Chekov’s proposal to purchase the Ukrainian region, this is also a kind of conspiracy. If many things are laid out in the open, it is reassuring; if the Bulgarian government has no intentions, the Russians still suspect that they are engaged in a big conspiracy?
The more positive the Bulgarian government's attitude toward land purchase, the more assured Nicholas II, at least they can confirm Bulgaria's position, they just want to buy Ukraine from them, rather than use conspiracy to seize Ukraine!
Well, these problems are not something that Ferdinand can think of alone, but the plan that the government think tank finally came up with after two or three years of research!
The effect has just begun, and no one knows the success or failure. Anyway, this is a long-term strategy, and it will not achieve results in a short while!
...
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