Chapter 1574 , one year sitting and collecting 18 million silver
Half a month later, at the office of the Egyptian Canal Trading Company in Port Said, Tong Yuan and Kansu II came here again, accompanied by reporters from many Ming newspapers such as Daming Daily and Daming Financial News.
Of course they came here this time to see how much money the canal had collected in the past half month since it was opened.
The reason why Cansu II was concerned about this issue was because the revenue from the canal was related to Egypt's treasury and whether Cansu II had funds to support his ambitions and expand to the south and east.
As for Tong Yuan and reporters from many newspapers in the Ming Dynasty, the reason why they are concerned about this issue is because the income from this canal is related to the huge return on investment in the Ming Dynasty.
As the first stock in the Ming Dynasty, the Egyptian Canal Trading Company has a market value of 2 billion taels of silver. This is an extremely terrifying market value. You must know that the Ming Empire's treasury's annual income is only more than a billion taels of silver.
The Egyptian Canal Trading Company and the Ming Empire invested 20 million taels of silver. This was invested by investors with real money. If it cannot bring sufficient returns to investors, it is estimated that no one will participate in similar large-scale infrastructure projects in the future.
.
Many investors in the Ming Dynasty are eagerly waiting for good news to come back from Egypt.
"Your Majesty the King, Master Tong~"
The operation and management of the Egyptian Canal is in the hands of the Egyptian Canal Trading Company. Egypt has the right to dividends, supervision and maintenance responsibilities. Therefore, the daily receivables of the Egyptian Canal are first collected by the Egyptian Canal Trading Company and unified every month.
of dividends.
The Egyptian canal was officially opened to navigation in the middle of last month. After all, it has come to the agreed day for dividends.
The Egyptian head of the Egyptian Canal Trading Company had been waiting early. When Kansu II, Tong Yuan and others arrived, he quickly came up with a list of the income for the past half month.
"Since the canal was opened, an average of about 75 ships have passed through it every day, and the average daily navigation fee collected is about 50,000 taels of silver. In the half month since it was opened, a total of about 750,000 taels of silver have been collected!"
"It is expected that the revenue from navigation fees in a single month will reach 1.5 million silver, and the annual revenue will reach 18 million taels of silver."
The person in charge of the Egyptian Canal Trading Company in Egypt reported to Cansu II and Tong Yuan the income of the Egyptian Canal in the past half month with an excited voice.
Just by collecting freight, you can collect 1.5 million taels of silver a month, and up to 18 million taels of silver in a year. This is a considerable income.
Converted into the monetary value of future generations, it is almost equivalent to a net income of 18 billion a year. Of course, 18 billion does not seem to be too conspicuous in future generations. Many large companies and enterprises can easily exceed it.
But in later generations, the economy and technology were very developed, and the population was very large. Naturally, the scale was very large, and some behemoths could appear casually.
Now in the Ming Dynasty, the total population of the world may only be a few hundred million. This Egyptian canal can collect 18 million taels of silver a year, which is already a very large and considerable figure.
"18 million taels of silver?"
"After all, we in Egypt can get 9 million taels of silver every year?"
"Haha, okay, okay~"
After Kansu II heard this, he couldn't help laughing happily. In this Egyptian canal alone, he could get nine million taels of silver a year without sitting on anything but collecting money.
This is an extremely huge number.
Except for the behemoth Ming Empire, whose annual treasury income exceeds one billion taels of silver, the annual income of other treasuries such as the Ottoman Empire, Persian Empire, and Spanish Empire is basically at the level of tens of millions of taels of silver.
The richest Spanish empire, its annual tax revenue is about 30 million taels of silver. The Ottoman Empire has made a lot of money in recent years by selling Europeans to the Ming Dynasty, but its annual tax revenue is only tens of millions of taels of silver.
.
As for the Persian Empire, it was very poor, with only a few million taels of silver income a year, and it looked ambitious.
Although Egypt is located at the core of the transportation hub of Europe, Asia, and Africa, most of Egypt's areas are desert areas, and cultivated land only exists on both sides of the Nile Basin. Capitalism has not sprouted, and colonialism cannot be established.
The annual income of the Egyptian treasury is very pitiful. Counting all kinds of physical objects, the annual tax revenue may not even be three million taels of silver.
Especially the domestic feudal lords and nobles do not need to pay taxes. Under their wanton annexation of land, the revenue of the Egyptian treasury has been declining year after year.
This is also a headache that Kansu II has always had. Without money, nothing can be done.
Well now, the Egyptian canal has been opened, and you don’t have to do anything. Just sit and collect money, and you can receive nine million taels of silver a year.
Kansu II felt dizzy when such a huge amount of wealth hit his head.
Thinking of getting such a huge income in a year, internal land annexation, external threats, etc., it's all nonsense.
It's easy to do things if you have money. When the time comes, throw in a lot of money. What problem can't be solved?
"Nine million taels of silver a year?"
"If we don't distribute it to the people of Ming Dynasty, we can collect 18 million taels of silver a year?"
"You just sit and collect money, and you don't have to do almost anything."
When the Egyptian nobles and ministers who came with Kansu II for inspection heard this, they couldn't help but open their eyes wide.
It was originally expected that the canal would bring considerable economic income after its opening, but no one could have imagined that such a canal could bring such huge profits in a year.
If you sit and collect 18 million taels of silver a year, even if you give half of it to the Ming people, Egypt can still get 9 million taels of silver.:.
Such huge wealth and flecks of money can make people dizzy.
How can the people who are annexing land, harvesting grain, and suppressing the hardships get money so quickly? In this canal, just sit at both ends of the canal and collect money. I don't know how comfortable it is.
"Why didn't we think of digging this canal ourselves?"
“Why did the people of Ming Dynasty still have to dig this canal?”
"It's really cheap for the people of Ming Dynasty. They only invested 20 million taels of silver. From now on, they can sit back and share the huge wealth of 9 million taels of silver every year."
Many Egyptian ministers and nobles also had mixed feelings in their hearts. Looking at the huge wealth, their eyes turned red.
Such huge wealth has nothing to do with them.
Because all the money allocated to Egypt has to go into the Egyptian treasury, it is Kansu II who has the final say. Thinking about it again, it seems that the Ming Dynasty people did not do anything, they just took advantage in vain, and will sit and divide the money in the future.
Immediately some people felt that this was unfair.
"You can get nine million taels of silver a year!"
"This income far exceeds expectations, and the shares of Egypt Canal Trading Company will definitely rise sharply."
As for the Ming Dynasty people present, after hearing this number, all of them couldn't help but marvel.
If you just sit and collect money, nine million taels of silver a year, the share price of the Egyptian Canal Trading Company will definitely rise.
Although the initial investment of 20 million taels of silver was a huge investment, once the canal was dug, we would just sit back and collect the money.
You don’t even need a few people, just send some people to Egypt, sit on both sides to collect the money, and transport the money back every year. The cost is almost zero, and such huge and considerable benefits are achieved.
The key is that it can be collected every year from now on. As long as the Ming Empire is strong enough and as long as the Egyptians don't tear up the agreement, the money can be collected for ten, twenty, one hundred, or two hundred years.
If calculated in this way, the value of the shares of the Egyptian Canal Trading Company is very large, and the market value of 2 billion taels of silver is really not excessive.
Especially compared to the original investment, which only invested 20 million taels of silver, you can collect 9 million taels in one year. It takes almost two years to get your money back, and the rest is earned.
Those who bought the original shares of the Egyptian Canal really made a lot of money. Not only did the value of the stock rise sharply, but it was definitely a pleasure to sit and collect money every year from now on.
The newspaper reporters quickly recorded the key data and then sent it back to Ming Dynasty as quickly as possible. I believe that as long as the news reaches Ming Dynasty, it will inevitably set off an investment boom.
By then, the construction of canals, roads, railways, bridges, ports, etc. will become smoother, and investors will be more willing to invest in them.
The news that the Egyptian canal was opened and it was expected that 18 million taels of silver could be collected in one sitting throughout the year also began to spread rapidly.
The many vassal states and colonies located in Africa and Tianzhu are the fastest to receive news, followed by the Ottoman Empire, the Persian Empire, and European countries such as Portugal, Spain, France, and Italy in Europe, and then the news is sent to the fastest
The speed is transmitted back to the Beijing-Tianjin area of Ming Dynasty.
In the shortest and fastest time, people all over the world knew about the opening of the Egyptian canal, which was extremely profitable. A large number of ships began to choose the Egyptian canal for navigation, and at the same time, countless people began to
Get jealous. We provide you with the fastest update of Ming Zhenhai King, Chapter 1574, you can read it for free while earning 18 million silver in one year.:.