According to Rock's plan, if 15% of the shares are reserved for the federal government, then Nyasaland Company can get approximately 30%, South Africa Company 25%, and Hamilton and Vincent's
The total number of shares is only about 5%, and the rest is divided between state governments and small shareholders.
Of course Hamilton and Vincent don't think so.
Hamilton and Vincent believed that except for the Cape State, the railways in Southern Africa were basically at a loss and rarely profitable, so it was unfair to only give Hamilton and Vincent 5%.
Hamilton and Vincent demanded at least 10 percent, and also required separate accounting for the railways in the Cape State, so as to ensure the interests of Hamilton and Vincent.
After the integration, the total capital of United Railways is approximately R250 million.
In other words, Hamilton and Vincent believed their shares in Cape Railway were worth R25 million.
This valuation is obviously on the high side. Nyasaland Company’s accountants valued the Cape Railway Company at less than 40 million in total.
Most of these 40 million miles belong to South African companies, with Hamilton and Vincent together accounting for only a small part.
"I will do the work of Hamilton and Vincent, and you are responsible for coordinating with the federal government. Fifteen percent is our final bottom line, and the federal government cannot interfere with the operations of the United Railway Company." Stoudemire and Rock clearly divided their labor.
Know how to deal with people like Hamilton and Vincent.
Rock nodded silently. Philip underestimated the resistance to establishing a United Railway Company. Even if all parties reached a consensus, there were still many problems to be solved, and this had just begun.
The next day, Rock came to the Palace of Justice again. Philip had no objection to the fifteen percent ratio, but he had a tough attitude towards the operation of the United Railway Company and insisted that the United Railway Company must operate under the leadership of the federal government.
"Why?" Rock was puzzled. The current situation in the Transvaal and Orange had proved that the federal government was not a very good operator.
Isn’t it good to just let go of everything and wait for dividends every year?
Roque does not completely reject the intervention of the federal government. The federal government can send supervisors to the railway companies to supervise the operations of the railway companies and protect the interests of the federal government. Roque does not object to this.
"Businessmen want to protect their own interests, and only the federal government is for all southern Africans." Philip clearly expressed his distrust of businessmen.
"You mean people like me and Cecil will not fully consider the interests of southern Africans?" Roque was really disappointed. Philip was also selectively blind on this issue.
"No, I'm not targeting you. I'm talking about Cecil and the Cape group. They have always been outside the federal government and excluded it. As the Prime Minister of Southern Africa, I must change this situation." Philip
It was said in a vague way, but Roque understood what Phillip meant.
What Philip wants to target is not the Southern African Railway, but the South African company controlled by Stoudemire.
The South African Company was an anomaly founded in 1889. Queen Victoria issued a charter to the South African Company that year, stipulating that its scope of activities was north of British Bechuanaland, west of the Republic of Transvaal, and north of South Africa to the west of Portuguese East Africa.
regions, and enjoys privileges such as making contracts, organizing local governments, establishing the army and police, doing business, setting up banks and joint-stock companies, building roads, and exploiting land, forests and mineral deposits.
Under the circumstances of 1889, the charter given to the South African Company was a necessary means for the British government to maintain its rule in the above-mentioned region, and it was also a reward for Cecil Rhodes himself.
The charter is still valid, but Southern Africa in 1921 was completely different from Southern Africa in 1889.
Today, the actual scope of control of the South African Company has exceeded the limits of the charter and has annexed part of Portuguese East and West Africa and the Congo Free State, which is equivalent to a state within a state.
This state within a state is not the same thing as Nyasaland. Nyasaland is the territory of Roque. It is essentially owned by the British government and is subject to the supervision of the Southern African federal government.
In the areas controlled by the South African Company, the federal government has no right to intervene. Even Nyasaland has implemented elections, and the governor must be elected through elections. However, the governor of Rhodesia, Xiaosi, can directly appoint him with a single word.
Philip wanted to end the privilege of South African companies in southern Africa.
Stoudemire probably understood this, so he resolutely rejected the federal government's interference in the Union Railroad Company.
"What do you think?" Philip also dealt with the South African company and had to win Roque's support.
"The management of Cape State can be strengthened, but Rhodesia still needs to be careful and not act too hastily." Roque partially agreed, but he still had reservations about issues involving South African companies.
In terms of individual economic strength alone, South African companies are the undisputed giants in southern Africa.
Although there are many companies under Roque's name, because they are scattered in multiple fields, the individual strength is still slightly inferior to that of South African companies.
As I said before, the South African company is a freak. Stoudemire can form a local government, have its own army and police, and is quite powerful in finance, food, land, forest development, and mineral resource extraction. Such a behemoth might cause
The chaos in southern Africa will affect the stable development of southern Africa, and the gains will outweigh the losses.
And considering the special relationship between Roque and Stoudemire, Nyasaland will be very embarrassed once Rhodesia, controlled by a South African company, is targeted.
By then Nyasaland will become the target of public criticism.
"Locke, I want to spin off the South African company because of your consideration -" Philip's excuse obviously did not satisfy Rock.
The South African Company's privileges were in Rhodesia and Rock's were in Nyasaland.
The entire land in Nyasaland is Rock's private territory. If you calculate it this way, Rock actually has more privileges than Xiaosi.
After Stoudemire was knighted, Rhodesia became Stoudemire's private territory in name.
However, the scope of Rhodesia recognized by London was much smaller than the current Rhodesia. In fact, this was digging a hole in southern Africa and creating artificial contradictions.
Stoudemire and Adelaide knew this very well, so when Adelaide was Prime Minister, they did not take any action against the South African company. Unexpectedly, Philip was deceived.
"The South African company can be broken up, refer to the way the US government dealt with Mobil Oil, but it cannot have a big impact on the South African company. There are millions of people living in Rhodesia, and they all work for the South African company. We must take into account
This point." Roque automatically assumed the role of prime minister and treated southern Africa as his own territory.
There are now more than 20 million Chinese living in southern Africa. For the happiness of these 20 million Chinese, Roque will not allow anyone to mess up southern Africa.
Not even Philip.
"The U.S. government did break up Mobil Oil, but it did not lift the Rockefeller family's monopoly on U.S. oil. Regarding the Mobil Oil issue, the U.S. government has become a laughing stock." Philip was ambitious, but unrealistic.
"The U.S. government's handling of Mobil Oil has at least given the public a clear explanation. This is enough. Do you want to directly obliterate the South African company?" Roque has a deeper understanding of social structure than Philip.
In the social structure of the United States, the government actually serves companies, so the U.S. government must ensure the interests of American companies and does not dare to really attack trusts like Mobil Oil.
The same goes for Southern Africa. It has never been the federal government that has really promoted the development of Southern Africa, but commercial institutions such as Rand Bank South Africa and the Fawalt Group. Philip is right in hoping that the federal government will play a greater role, but it cannot harm the interests of enterprises.
Rock is also interested in this aspect.
"There should be no such monsters as South African companies in southern Africa now!" Now that Roque has broken the window paper, Philip is no longer secretive.
"So in southern Africa, is Nyasaland also out of date?" Rock flipped the table directly. Now he wants to dismember the South African company, so will the next step be to target Rand Bank and Nyasaland? Will it happen in the future?
Take action against Favart Steel Group?
Philip is crazy and even beats his own people.
"The situation in Nyasaland is different from that in Rhodesia -" Philip finally still had reason. Philip would not destroy the Great Wall.
But for southern Africa, South African companies are also a Great Wall.
"There is no difference. Rhodesia is Cecil's territory and Nyasaland is my territory. They are essentially the same. South African companies will not hinder the development of southern Africa. On the contrary, they have played an important role in the development of southern Africa."
, we must admit this." Roque's attitude was firm. When the Southern African federal government was established, Roque and Stoudemire discussed this issue and concluded that Rhodesia and Nyasaland must stick together for warmth and advance and retreat together.
Now that Philip wants to target Rhodesia, Roque will definitely not sit idly by, because Roque believes that if the Prime Minister of Southern Africa is not Philip but someone else, when the Prime Minister wants to target Nyasaland, Stoudemire will also make peace.
Roark made the same choice.
The discussion with Philip went nowhere.
Rock was not surprised. Everyone has his or her own ideas, looks at problems from different angles, and draws different conclusions. It will take time to unify the ideas and reach a consensus.
That night, the dispute between Rock and Philip in the Palace of Justice was reported and placed on Stoudemire's desk.
Xiaosi remained silent after reading it and sat alone in the office for a long time.
The next day, Stoudemire took the initiative to go to the Ministry of National Defense to find Rock, and he was shocked as soon as he came up.
"I decided to break up the South African company -"