European Financial Emperor

067 Ex-Accountant’s Management Skills (2)

If it had not been for the sake of national interest by participating in international conflicts, Britain would have died right away.

“Anyway, the general argument is that money doesn’t work well, that’s the story.”

“I think it is because there are many stagnations in the handicraft and light industries.”

After the Industrial Revolution, Britain has continued to increase its productive capacity explosively, but in recent years, as precision industry has gradually received attention, the framework of traditional industry has been changing.

The decline of the light industry, which has worsened since the Luddite movement, has recently dried up the British financial industry.

“Unfortunately, our East Stellar Finance lending conditions are quite strict, so it is possible to collect a loan at any time, but British banks usually do not seem to be able to collect loans as quickly as that.”

“I can’t get the borrowed money back, so it seems that bank loans are getting more and more frequent.”

“There are even sayings that the Bank of England trusts East Stellar and will effectively abolish the credit regulation. However, the experts say that all problems will be solved neatly as long as they seize the hegemony in North Africa.”

Lee Hwan could now understand why the British delegation was so excited about personal leases that he jumped.

After purchasing guns in the name of the people, they were planning to loot North Africa to raise the lease payments.

“… … In the end, was it the idea that the money would be covered by extortion? They are really scary people.”

“If this continues, it is clear that every time we release a gun in the future, we will try to take the gun for free, under false names. Likewise, if we try to solve bank loans at our East Stellar rather than the central bank, our bank will have to pay out every time there is a crisis. I think something needs to be done.”

At this rate, it was obvious that East Stellar Finance would take a hit, so it was decided to come up with some countermeasures as a desperate measure.

However, the solution to this was quite simple.

“You just need to do a credit rating on your finances.”

“iced coffee… … ! Is it like you do to a country or a company?”

“Banks are companies after all. The basic principle is to make a profit and reduce the loss. But today’s financial companies don’t even have such a basic framework. So we need to do a credit rating so we can give banks a little healthier credit.”

“Then what happens after the credit rating? Could there be an interest rate adjustment or a reduction in the size of the loan?”

“Absolutely. It is possible to recover the funds by raising the loan interest rate or by reducing the size of the loan itself.”

It is said that finance is an industry without blood or tears.

It is the physiology of finance that those who have the many rule over all.

“We raise the standard of the current reserve requirement ratio, the ratio of risk assets and equity capital by 5~8%, and proceed with the credit evaluation.”

“I will fix it right away.”

Lee Hwan gave the instructions, and now it was Hans Morgan who had to do business with it in earnest.

It remains to be seen just how talented he will be.

***

Firearms were to be distributed sequentially from November.

Eaststellar has set a policy for distributing guns.

First, the gun is based on Eaststellar unloading at each port and collecting gold on the spot.

Second, Eaststellar is obligated to provide ammunition to the buyer who receives the gun regardless of the state’s interest. However, in principle, if you want to receive ammunition, you must receive it directly.

This policy was communicated to all European countries and signed to understand it, and so was the UK.

Now, based on the above policy, the supply of weapons was to be carried out.

Lee Hwan planned a large-scale expedition in conjunction with the provision of firearms.

“Let’s prepare for a grand expedition.”

“Even now, the expedition is still in progress.”

“no. The company will be split. Prepare your expedition for moving.”

“A spin-off?”

“It is to avoid the fire of war. Even now, the war continues, and no one knows when, where, how, and how it will suffer damage, right?”

“Uh… … !”

Able to achieve stable development by avoiding the fires of war.

In the end, it was Lee Hwan’s idea that all he had to do was move and carry the entire company.

“Western North America is our Eaststellar fortress. It’s the only place where the Netherlands doesn’t care whether it’s at war or sabotage.”

“Well, there’s no surer way to prepare for the future than to get your pockets out of the UK and Holland.”

“Yes. So, you have to plan for the future. The more complicated the situation, the more complicated it becomes.”

Lee Hwan now fully understands why King Willem I made the Black Hammer mercenary a de facto naval force and moved its base to North America.

As East Stellar is a corporate group, it is often greatly influenced by the ups and downs of the country.

Wouldn’t the story be different if one base was on a different continent?

Hwan Lee decided to think about how the company should be divided.

“First, before the spin-off, let’s get a report on recent research results. Call the people in charge.”

“Yes, sir.”

Hwan Lee established a research institute where experts in each field gathered under the East Stellar headquarters and on the riverside of Ritterkirk.

The first person to come was James Howard of the Engine Lab.

James Howard is a PhD student studying mechanical engineering in Austria after spending his childhood with his maternal family in Sweden.

He was making a remarkable contribution to timely complementing and developing the problems of internal combustion engines studied recently.

“Did you call?”

“Are research on automobiles going well?”

It was his trademark to wear monocles and work clothes 365 days a year.

He took out a crumpled report from the pocket of his work clothes and handed it to Lee Hwan.

There was a lot of grease all over the place as I was writing down the things I saw with my own eyes while visiting the site.

But Lee Hwan liked this report more.

Recently, the engine research institute was concentrating on making automobiles, but there was never a lot of trial and error.

“The problem of ignition failure in gasoline engines is seldom solved. Research is underway to solve this problem, but it is not as easy as we thought.”

“Hmm… … . If that is the case, then I have to suggest an alternative.”

“How good would it be if that was the case?”

Hwan Lee designed the engine and power train, and constructed the mechanism so that tube tires and tubeless tires could be developed respectively, and even completed the design.

However, nevertheless, making a vehicle was not as easy as I thought.

“Then let’s start by applying diesel engines to passenger cars as an alternative.”

“Diesel engine?”

“It’s about making a compression ignition diesel engine.”

Since diesel has a low ignition point, high-temperature air is injected into the fuel to spontaneously ignite to obtain power.

These are the tow trucks and engines of ships that Lee Hwan has made so far.

However, there were quite a few problems with that.

“Diesel engines are expensive and heavy. The structure is also complex. I wonder if the general public can buy it and use it.”

“So we have to make it smaller.”

“Do you need research?”

“Sure. We are studying diesel engines together while studying gasoline engines.”

The Eaststellar Company’s goal is to create a car that at least has a lid on the body, the engine and powertrain are in perfect unity, and the ride quality is quite good.

For example, it would be the American Ford T-Type (made in 1908).

Lee Hwan had the ability to advance the technology by at least 50 to 100 years, but there was a clear gap between theory and practice.

He decided to start slowly.

“Anyway, doesn’t it mean that gasoline engines also run?”

“It is.”

“If the ideal is too high, there is a lot of trial and error.”

First of all, Lee Hwan decided to make and sell a four-wheeled car that rolls well, although it is unfinished.

The car he envisioned was to apply a four-cycle engine using a valve mechanism.

“Let’s make a two-seater car and sell it. It’s about attaching steel wheels made with rubber to the streamlined body.”

“If you do that, even the smallest bump will cause the vehicle to overturn.”

“So you have to attach the suspension. If the springs are well designed and can cushion the impact, they will be able to run at least on trails.”

“Uh… … !”

“Don’t be greedy, let’s start with this.”

“all right.”

“Let’s build a bodybuilding plant in the Netherlands and move the research lab to North America. Prepare to move.”

James Howard nodded.

Lee Hwan added one more spell to him.

“And one thing to keep in mind.”

“Are you going to keep that in mind?”

“New products being studied in the future. Now, instead of releasing it right away, let’s make a reservation as it is.”

“Reserve? If you don’t launch a new product, why research?”

“There is a reason. We are going to accumulate the skills in the future.”

“Isn’t it an accumulation rather than an establishment?”

“Yeah, like some kind of savings.”

***

Early in the morning, newspapers began to circulate on the streets of Amsterdam, the Netherlands.

“Newspaper! Mexico has declared war on Spain and America! Buy a newspaper!”

A boy in a beret was running around selling newspapers, and people paid attention to the war between the United States and Mexico.

Among them was an Asian with dark hair.

He was Andre.

“… … After all, is the US, an emerging industrial country, trying to expand?”

As Andre recited, the big blond man who was following him gave the boy a coin and bought a newspaper.

Then I started reading the newspaper.

“It is said that some missionaries from Spain and France were isolated as the Mexican Empire took over western North America. In addition, it is obvious that war is about to start due to the border issue with the United States. However, the key is how Spain and France will intervene.”

“Mexico’s declaration of war. Is this war confined to the western region?”

“no. It seems that they are planning to take away all the lands that were handed over to the United States through the Louisiana Purchase in the past.”

“Is the gun you made to cause war in the end?”

“It seems that the time has come for us to move slowly now.”

“The pursuers?”

“Removed.”

“What about aftercare?”

“It is neat. It was well collected in the northern ice valley. It will probably serve as decisive evidence for future investigations.”

Andre nodded with satisfaction.

“Okay then, let’s prepare for departure.”

“How would you like diesel to be squeezed?”

“For now, we will supply it once in the Middle East and pass through Vietnam.”

“Recently, there has been talk that France is preparing an expedition to Vietnam. What do you do if you run into it?”

“It’s okay if you bury it without even a mouse or a bird.”

“iced coffee… … !”

“Because of the American expedition anyway, the size of the army will not be very large. We can get enough of it.”

“Yes, I understand. Then I will hurry to prepare.”

The two eventually disappeared from the streets of Amsterdam.