Chapter 752 The old guys can hardly survive
The Egyptians have started to learn to be smart after fighting the British for so long. They no longer ask the British to transfer jurisdiction of the Suez Canal to Egypt, but invite The League of Nations sent troops to the Canal Zone to ensure its security.
This request was strongly supported by Russia, France and Italy, and the General Assembly of the League of Nations voted on it. Although most countries voted in favor, the United Kingdom still vetoed the Egyptian proposal with a veto.
The veto power of the League of Nations is not a special right of the non-permanent members, but belongs to all countries.
This is the fundamental reason why the League of Nations has been deteriorating since its establishment.
The Russian State Duma does not engage in one-vote vetoes and strictly follows the principle of minority submission.
The State Duma was one of the first government agencies to move to Alexandria. The Duma Building is located in Peter the Great Square in the city center.
After more than a year of successive relocations, most Russian government agencies have moved to Alexandria. George's official residence is located near Catherine the Great Square.
Compared with St. Petersburg and Constantinople, Alexandria is not only a purely political center, but also the best carrier to verify nationalism.
Under the call for free trade, the concept of small government has become more popular in European and American countries. Politics and military services serve the economy, and the government lacks the ability and means to intervene in the economy.
After the civil war, Russia established a state-led economic system. Industries that occupy an important position in the overall economy, such as defense industry, transportation, energy development, education and medical care, are all dominated by the state, and Yuri Social enterprises headed by Yev, Yusupov, Dolgorukov and Romanov are in a subsidiary position.
This fundamentally changed the economic model of the imperial Russia era, and the Russian government's role in the operation of the national economy became increasingly prominent.
Although this model caused some controversy when it was first established, the benefits are still obvious.
Last year's drought and snow disaster, without unified organization and dispatch, would have caused countless times more damage than now.
After canceling the preferential policies for foreign investment, Felix made persistent efforts and continued to attack the financial industry.
The tragedy of Deutsche Bank aroused Felix's vigilance, and Felix decided to nationalize all banks in Russia to limit the intervention of private banks in the national economy.
The most severely affected by this is undoubtedly the Siberian Bank.
Due to the special relationship between the Siberian Bank and the Yuriev family, Felix took the initiative to explain to George, hoping that George would set an example.
“Nationalization does not mean to separate the Siberian Bank and the Yuriev family, but to send staff from government agencies to supervise the Siberian Bank, so that the Siberian Bank is more in line with the overall interests of Russia and will not be like the German Like banks, it has become an obstacle to the development of the national economy."
Felix struck at the economic lifeline of the big family with one knife.
Only Felix can push this matter forward, Witte and Guchkov would never dare.
“The operation of the Bank of Siberia itself must be subject to the supervision of the Amur Region Government. If you can guarantee that you will only supervise and not interfere like the Amur Region Government, the Bank of Siberia can become part of the National Bank.”
George was easier to talk to than Felix expected.
Siberian Bank, like Amur Heavy Industries, is the core asset of the Yuriev family.
George has transferred part of the shares of Amur Heavy Industries to the Russian government, thus becoming qualified to undertake national orders. This rule itself was established by George.
In the imperial era, Amur Heavy Industry was a private enterprise under George's name. Strictly speaking, the empire did not share the dividends from the development of Amur Heavy Industry.
This is not George’s selfish motives, but the privilege of the Grand Duke of the Empire.
After the civil war, the Russian government stipulated that private companies would not be able to obtain Russian state orders.
In return, the Russian government will take part of the profits handed over by Amur Heavy Industry and reallocate it to Amur Heavy Industry as incentives and research and development funds.
The same goes for the Siberian Bank. After becoming part of the National Bank, the Siberian Bank can monopolize Russian finance. Other banks will either prosper if they follow us, or they will perish if they go against us.
"George, we can't always be right. In the long run, we can only rely on the system to ensure that the set of rules we designed can continue to operate."
Felix understands the consequences of privilege better than George. harm.
"You are right, do it as you envisioned."
As long as it is beneficial to Russia, George will firmly support it.
Not everyone puts Russia first like George. Every decision made by the Russian government will touch the interests of some people.
For example, the shareholders of Sino-Russian Daosheng Bank.
George himself didn’t know that this bank, which was born out of the China-Eastern Railway, was still in business.
Unlike Siberia Bank, Dowson Bank's main business has always been in the Far East, and it also has branches in Russia.
Dousheng Bank was jointly established by Russia and France. The main shareholders on the Russian side are Nicholas Jr. and Dmitry from Persia.
Dmitry's shares were inherited from Grand Duke Sergei.
Some shares were confiscated by the Provisional Executive Committee during the civil war and were inherited by the Russian government after the civil war.
Little Nicholas reacted strongly to this incident and went back to Alexandria from Geneva to see George.
"The farm has been confiscated, the franchise rights have been withdrawn, the salary has been cancelled, and now even the investment must be compulsorily acquired. How do you want an old guy like me to live?"
Although little Nicholas is not like Some people are so luxurious, but they really can't live without 1.8 million rubles a year.
Of course little Nicholas was not as miserable as he said. Little Nikolai's deposits in Siberian Bank alone are 25 million rubles, and his annual interest income alone exceeds 2.5 million.
Yes, the current annual interest rate of Siberia Bank is a terrifying 10%.
Little Nicholas also collected countless valuable works of art in his home. When he couldn’t get rid of the problem, just selling one piece at random would give ordinary people basic financial freedom.
So what little Nicholas really misses is the privilege of the imperial era.
“It’s not an acquisition, you can still enjoy dividends, and maybe even more than before.”
George looked after the interests of the old guys as much as possible.
Although little Nicholas is living a good life, many of the princes in exile have disappeared from the public.
Russia has now changed the salary into a living allowance, and the Grand Duke level is fixed at 10,000 rubles per month.
Compared to the Imperial Russian Era, although the Grand Duke's income is much less, compared with ordinary people, it is still a high salary that is unattainable.
However, this benefit is limited to the Grand Duke himself and does not benefit relatives. Each person who dies will lose one.
"In addition to state-owned banks, don't commercial banks need to be supplemented?"
Little Nicholas is not alone. He represents the overall interests of the old aristocratic group.
"Yes, but commercial banks must also operate under the supervision of state agencies."
George distinguishes between public and private affairs, and is unstable and selfless.
Little Nikolai hesitated to speak, many things in Russia will be exposed to light.
During the imperial era, a lot of gray funds in Russia entered Russia through commercial banks and became a source of funds for rebels.
After the banking industry is regulated, the source and destination of every fund will be clear, and the profits of commercial banks will plummet.
"You should know very well that a stable and strong Russia can better protect our interests."
George reminded little Nicholas not to take risks.
“The benefits are gone, so why protect us!”
Little Nicholas was heartbroken. The way he used to deal with Belfort in the National League was of no use to George.
Nicholas Jr. played a rough and tumble game in the National League, scoring three points against anyone.
Without the backing of a powerful Russia, little Nikolai would not be able to stand up.
“Compared with Nicky, we are already very lucky——”
George called for wine and got drunk with little Nicholas.
Compared with last year, the weather in the Dnieper River Basin has been smooth this year, with a bumper grain harvest and Russia's exports to Germany have resumed.
Price in Germany still has not stabilized, and the price of bread continues to rise.
The German government classified the beer hall as a riot. As the initiator, Mustache was not sentenced to death, but was only imprisoned for 5 years.
The prison where Mustache serves his sentence is not a cold and damp cell, but a spacious and bright villa. In prison, Mustache can not only meet relatives and friends, but also has a secretary and a chef. It is not so much a prison sentence as a The Weimar government's protection of mustaches.
In early September, Britain rotated the British troops stationed in the Canal Zone. Tens of thousands of Egyptians took the opportunity to flood into the Canal Zone and occupy the British military camps.
London was furious and decided to send more troops to the Canal Zone.
Nicolas the Younger and Clemenceau jointly issued a warning to Britain, reminding London not to provoke World War II.
On September 13, Cairo fell into riots. At the invitation of the Egyptian government, the League of Nations officially decided to send troops to Egypt.
At this time, Fuad I was visiting Russia.
“The Canal Company’s model has seriously offended the interests of the Egyptian government and Egyptians. Over the past few decades, the Canal Company has received returns equivalent to dozens of times its investment, but the Egyptian government has failed to share the benefits of the canal. Gains, it’s unfair.”
In an interview with the Daily Constantinople, Felix publicly fired the first shot at overthrowing the British and French colonial order.
Fuad's attitude was more intense than Felix's. He expressed strong accusations against the British and French colonists to reporters.
Although the Suez Canal Company paid 18.6 million pounds to build the canal, Egypt paid 120,000 Egyptian lives to build the canal, with an average of 738.5 deaths per kilometer.
After the canal was completed, the revenue allocated to Egypt was only equivalent to one percent of the canal's revenue, which completely did not match Egypt's contribution.
Egypt’s demand is actually very simple, it is just to increase the dividend ratio.
Even this humble request was ignored by the canal company.
(End of this chapter)