My Italy

Chapter 151 Investment Direction

As the chief steward of the royal family, Alejard naturally has a lot of things going on every day, especially after Carlo asked to sell the royal property, he became even busier. But fortunately, he only needs to control the overall situation, otherwise this old man will have to answer here sooner or later.

As for Carlo's summons, Alejard could only put down what he was doing and go see His Majesty first.

"Mr. Alejard, how much funds can I use at the moment?"

After Alejard appeared, Carlo impatiently asked about the royal family's funds.

Facing Carlo's inquiry, Alejard was still mentally prepared, otherwise he would not have come with a thick account book. After Carlo finished speaking, he opened the account book, looked at the contents on it, and said.

"Your Majesty, we have currently sold 317 million lire of land. Because the previous sales were large, the price of the land has dropped by 5%, so it is not appropriate for us to sell it now."

Well, it can be seen from this aspect that Italy is currently not rich in capital. Although the land is not very popular in the market, the market only withstood more than 300 million lire before prices began to drop. This is very illustrative.

Faced with Alejard's words, Carlo continued to listen.

"In addition, the sale of Indian gold and silver products, diamond jewelry, etc. made us a profit of 375 million lire. The remaining items worth about 80 million lire are difficult to sell for the time being because their characteristics are too obvious. In addition, we are..."

At the end of the day, Alejand gave the funds that the royal family can currently provide.

"Currently we have 751 million lira in funds available."

This is comparable to the government's fiscal revenue for more than half a year, and represents hundreds of years of wealth accumulation by the Savoy family. Of course, if you wait until the land is sold, it will be a year's financial income, but this requires a process, and it is obvious that King Carlo does not intend to wait any longer, otherwise why would he call Alejard, the palace manager, over.

After reporting the proceeds from various sales, Alejard talked about why there was only so much money left.

"Your Majesty, 25 million lire was previously allocated for the construction of the power laboratory. In addition, the 8 million lire needed for the electrical laboratory this year has also been transferred. Then there are the annuities and daily expenses of the royal family members, which cost more than 800 Thousands of liras.”

As Alejard reported his income and expenses, Carlo had an idea of ​​how much money he could now spend. However, although the money seemed to be a lot, compared with the plan in his heart, it still felt a little less.

So, Carlo continued to ask. "Director Alejard, how long will it take for the property to be sold again?"

"The property cannot be sold within a year and a half, otherwise the price will be much lower. The price must be reduced by at least 10% before it can be sold."

Alejard's words made Carlo give up the idea of ​​continuing to sell the land.

In fact, what Alejand said was a conservative estimate, because there are not many people who can take over such a large-scale property for sale. How can it be sold quickly when there are only a limited number of buyers?

As for selling the land into small pieces, to be honest, it is not easy. You must know that scattered sales also depend on demand, and the strongest demand is from the peasant class, but they have no money and cannot afford it.

As for small and medium-sized landowners and nobles, they have limited money in their pockets, and there are also not many who can afford this expense. Instead of going through all the trouble of dividing the land and selling it, selling the entire land would be more attractive to large buyers with deep pockets.

Now that Alejard has said this, Carlo can only use the money within a year and a half. Although there is a slight gap from his expectations, nothing can ever go as he wished, so Carlo feels that he is almost there.

So he began to prepare to distribute the money.

"I have an idea for this money. I will keep 51 million lire as a reserve and spend the remaining 700 million lire."

Seventy million lire is a lot. For an individual, this number is indeed a lot. Although it cannot make him the richest man in the world, he can still become a billionaire in the United States. But if this money is invested in a country like Italy, it will be nothing more than a splash.

Therefore, this money must be invested in key industries, and Carlo actually has plans for the future development of Italy, so he is also prepared for the flow of this money.

The first is the shipbuilding industry. The terrain that Italy has is destined to attach great importance to sea power. Therefore, Carlo must also pay attention to the shipbuilding industry in the upper reaches of the navy, which is related to Italy's national defense security.

Although there are many shipyards in Italy's current shipbuilding industry, except for a few large shipyards, other shipyards are models of backward technology. These shipyards, which can only build wooden or old-fashioned steamships, have not done much to improve the Italian shipbuilding industry.

Therefore, Carlo plans to use his own funds and government policies to integrate Italy's shipyards from both internal and external aspects to make the shipbuilding industry bigger and stronger. Although doing so may create a monopoly in the industry, in any case, the benefits outweigh the disadvantages, and it is worth Carlo's action.

Of course, he has never thought about leading the development of the shipbuilding industry. On the one hand, it requires too much funds, and on the other hand, it is not necessary. However, appropriate guidance is still feasible.

In addition to the shipbuilding industry, the use of electricity is also the thing that bothers him the most, because it is one of the cores of the second industrial revolution, and the other is the use of internal combustion engines. These two are industries that Carlo must pay attention to, and they are also the gold-eating beasts that cost him one-third of his funds.

In addition to the above industries, Carlo has appropriate capital investment in Italy's currently weak heavy industries, such as steel, metallurgy, machinery manufacturing, chemicals, materials, etc. However, due to limited funds, these industries mainly rely on policy support. Carlo's small investment will not have much impact at all.

But it’s not okay if we don’t invest in support, because it will be related to the development of Italian industry, so Carlo can only invest a little bit in this and a little bit like pepper. However, although the investment is not large, Carlo's funds are invested in the research and development of new technologies, which can play some role.

However, although the investment is small, the cost is not small, because there are so many industries, and the required expenses add up to a large sum.

This is the result of Carlo's careful consideration. As the king of a country, he has enough talents to consider the advantages and disadvantages of Italy's industry for him.

And as Carlo invests royal funds in these industries, it will inevitably have enough impact, which can also affect the lives of many Italians and cause huge changes in their life trajectories.

These changes are very beneficial to Italy.

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