My Italy

Chapter 121 Family background

As the King of Italy, did Carlo know how much money he had? In other words, does Carlo know how much financial resources he can mobilize?

I am very responsible to tell you that Carlo himself does not know. Although he didn't know, he knew that there was one person who must know, and that was the palace steward, Mr. Alejard.

It's pitiful to say that Carlo has been king for five or six years, but he doesn't even know how much the family property is. In fact, it is also his fault that he is not an adult. The treatment of adults and minors is very different.

First of all, minors have guardians, and the person responsible for managing the family property is the mother, Queen Margarita.

Although the family property can still be used, mother must be persuaded.

Fortunately, my mother has not interfered with his need for funds in the past few years. Even if it is such a large sum of money to build two Venice-class cruise ships for the navy, as long as Carlo explains the reason, he will still support it.

When he reaches adulthood, the custody of property naturally falls on him. Some time ago, Carlo was busy with government affairs and had no time to check the family property. Now that he has free time, Carlo certainly needs to take care of it. After all, this is related to his ability to make money.

"His Majesty."

"let's start."

Alejard, as the general manager, held a thick account book in his hand and began to introduce the current royal family's property to Carlo.

"The royal family currently has 37.14 million lire in cash and marketable bonds. Of this, 20 million lire is the third tranche that needs to be invested in the State Grid Company next week, and the second tranche of 10 million lire from the Ministry of Industry has not yet been made. I sent someone to urge you to invest, and Mr. Stam has already said that arrangements must be in place before this Friday. The 10 million lire is used as the start-up capital for the power laboratory in Milan. The location of the project has been planned and is waiting for payment. Construction can begin. There are still 2.4 million lire to be paid to the royal family members this month, including 350,000 lire to Queen Mother Margherita, 150,000 lire to Prince Vittorio, Yolanda and Mafal 240,000 lire for the two princesses, 300,000 lire for the Duke of Genoa, 300,000 lire for the Duke of Aosta, and..."

In Alejard's words, the annuities of the royal family members are all vivid in his mind. From this, it can be seen that the annuity of the Italian royal family is not bad. Although it is not too high, it is at least very comfortable.

Of course, 30 million lire from the government alone is definitely not enough for the royal family, because the annuity provided by the royal family to its members exceeds 28 million, not to mention other expenses, such as royal travel and the cost of many personnel serving it.

In addition, the maintenance expenses of royal estates in various places are also large. You must know that Italy was in a state of fragmentation before, and there are many ancient buildings left from ancient times to the present. I don’t know what the royal family thought when they were unified, but they kept all the essence in their pockets.

This has also led to the fact that there are many ancient buildings under the name of the Italian royal family, each with a wonderful history. This has also led to the royal family's high maintenance costs. The annual maintenance costs of these ancient buildings alone reach tens of millions of lire.

The current annual expenditure of the royal family has reached more than 50 million lire, which is also very staggering. You must know that the Savoy family is not very prosperous, but its expenses are so huge. If it were replaced by the prosperous Habsburg family, or Germany (the royal family is not particularly prosperous, but it has a prominent grand duke or The prince has too many families), and his expenses in this area are even greater.

Therefore, starting from the first generation of Italian King Victor Emmanuel II, the royal family has tried to expand its family industry so that its family industry can catch up with the royal family's expenses.

After years of hard work, especially after Carlo came to power, this goal has been basically achieved. Although Carlo failed to control the power in the past few years, he did have a lot of involvement in the family business. Apart from anything else, he still knows which ones are popular for future generations, so under his guidance, the royal family's industry has grown well, and the annual income can basically reach over 50 million, which is enough to ensure a balance of payments.

Otherwise, how would he dare to directly propose building warships for the navy? Although this is to win over the navy, at least he must make the people in charge of the money willing to pay for it.

Carlo, who now had a different identity, did not interrupt what Chief Alejard was saying and continued to listen to his story.

After talking about expenses, Alejard talked about income. "Your Majesty, the family's current investment income is not small. Its foreign investment companies and financial market operations allow it to achieve an annual income of 10-15 million lire."

After talking about foreign investments, Alejard continued. "As for domestically, the family's investment income in various places in Italy reached 26-28 million lire. In addition, in the agricultural and animal husbandry industry, the family probably did not receive 6.5 million lire. In addition, the income from the rental and sale of real estate, nursing homes, and the sale of various royal souvenirs , and can also provide the family with an income of about 5 million lire every year. Of course, I have not included the scientific research projects that His Majesty has funded and invested in the past few years, but according to my estimates, the income will be very amazing. "

Alejard said at the end, giving Carlo a small compliment. If Alejard, who is like an old fox, can boast, Carlo has enough reasons to be proud.

This is a joke.

If knowing the direction of history and understanding what makes money would not allow the family to grow, Carlo could hang himself. Because he was too embarrassed and lost the pride of a time traveler.

"Mr. Alejard, thank you for your contribution to the family. The family business has continued to grow because of your management over the years."

Faced with Carlo's sudden thanks, how could the steward really accept it? "Your Majesty, you're welcome. This is what I should do."

Facing Alejard's politeness, Carlo didn't want to get too entangled, because he had a more important question that needed to be answered by the steward.

"Mr. Alejard, can you help me calculate how valuable the agriculture and animal husbandry currently controlled by the royal family is."

"Your Majesty, please wait a moment."

Faced with Carlo's inquiry, Alejard immediately rummaged through the documents after answering.

"found it."

Looking at the numbers on the document, Director Alejard reported truthfully. "Your Majesty, the agriculture and animal husbandry currently controlled by the family is mainly distributed in Turin, Milan and Sardinia. We also have a lot in Sicily, Naples and Rome. The total value should be 8.7-9.1 Hundreds of lire, of course there is no way to give a specific figure, I can only give a rough estimate."

Facing the figures given by Director Alejand, Carlo made up his mind.

"What do you think about getting rid of these agricultural and animal husbandry industries?"

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