Chapter 352: 350 North Territory Foreign Trade Company_1
“North Territory Foreign Trade Company?”
Hearing such a new term from Colin, the rchants present were instantly puzzled, looking at each other in bewildernt.
Arnold, directly stared at by Colin, suddenly felt an inexplicable sense of unease.
“Didn’t you all complain before that the tax concession policy I reached with the Troll Empire was not extended to the whole North Territory?”
Faced with Colin’s question, all the rchants imdiately shook their heads like drums, one after another stating that they had definitely not complained.
Colin smiled faintly, not intending to pursue the matter further and continued:
“Therefore, I plan to establish a foreign trade company that will be solely responsible for the foreign trade of the North Territory. From now on, besides this company, no individual or business association from the North Territory will be allowed to engage in foreign trade!”
Colin’s statent was like stirring up a hornet’s nest, and the entire venue erupted with commotion.
“Count, are you joking?”
“Count, you can’t do this!”
“Count, this will ruin the business sector in the North Territory!”
At this point, the rchants, disregarding the disparity of their statuses, uniformly expressed their opposition to this proposal.
How could they give up the hefty profits from foreign trade? They would be willing to go to the scaffold for these benefits, let alone oppose Colin.
Colin, without a hint of panic, stretched out his hands to calm down the bustling rchants.
When everyone temporarily cald down, Colin continued, “Don’t get excited, I am not trying to break your ans of earning. Instead, I want to consolidate everyone’s power so that the foreign trade in the North Territory can develop better.
This trade company is not monopolized by . Everyone can invest in it, and at the end of each year, the company will distribute the profits based on your investnt ratio.”
This is essentially a joint-stock company, a new entity in this world.
Hearing that they could at least share the profits from foreign trade, the rchants no longer resisted and began to ask Colin for so details.
Colin patiently responded to their queries.
“Count, who will control this company?”
“Of course, the company belongs to the St. Hilde Family, a managent team appointed by the Duke, will manage this company on his behalf.
Furthermore, every investor will beco a director of the company, and the directors will collectively form the board of directors.
You can think of this board of directors as a senate-like institution. Based on their investnt ratio, each director will have a different say.
The board cannot interfere in the company’s day-to-day operations, but so major decisions, such as changes in core managent, execution of major trades, audit of accounts, etc. all need to be approved by the board…”
Colin plans to firmly grasp the company’s control over personnel and operations while other powers like supervision and advisory could be apportioned to the contributing rchants.
This is necessary. Otherwise, no rchant would be willing to hand over their wealth to an organization they can’t control. This “otherworldly East India Company,” wherein Colin placed high hopes, would not stretch and grow.
Exactly, the North Territory Foreign Trade Company that Colin was establishing was modelled after the East India Company on Earth.
The utility of this company would gradually manifest in the future.
From now on, you all should sell your goods to the North Territory Foreign Trade Company, which will then sell them abroad. If you want to buy foreign goods, you can place orders with the company, and the company will make a unified purchase abroad.
In this way, the North Territory’s business sector will operate as a whole in foreign trade. We’ll advance and retreat together, and have greater bargaining power in foreign trade. Isn’t that right?”
Upon hearing this, all the rchants revealed longing expressions. They began to realize that this novel company had the potential to be a giant in the North Territory’s business sector. Every rchant, protected under the wings of this giant, would venture out and conquer much more effectively than operating alone.
As Colin saw the changes in the rchants’ expressions, he felt smug.
In fact, his main intention of establishing this company was to consolidate and control the business sector of the North Territory through the company’s control.
Sadly, to Arnold – who aspired to establish the North Territory rchant Association, this was a masterstroke that pulled the rug from under his feet.
Arnold seed to understand this point too, and his face turned exceedingly pale.
He knew that there was no need to establish the North Territory rchant Association that he had been planning for a long ti.
Even if it was established, it would just be an empty shell. In the foreseeable future, the entity that would truly control the business sector in the North Territory would certainly be the North Territory Foreign Trade Company.
Arnold suddenly felt disheartened. He couldn’t understand how a noble as young as Colin could have such broad foresight and tact.
In front of him, Arnold seed like a foolish, aimlessly flailing clown.
“Mr. Arnold.” Colin suddenly called out Arnold’s na.
“Yes, Count!” Arnold shuddered and stood up imdiately.
“What do you make of this Foreign Trade Company?”
What could he make of it?
Could he say no?
Arnold roared inside, but on the surface, with facial expressions befitting heavenly astonishnt, he exaggerated his praises:
“Count, I think this is a genius initiative! If you don’t object, our North Wind Business Association is willing to invest 1.8 million gold coins to join the North Territory Foreign Trade Company!”
Colin’s eyebrows raised in surprise and admiration at Arnold’s decisiveness.
He was a wise man who knew how to adapt to circumstances. He decided to join in when he knew he couldn’t resist, and made a bold move once he made up his mind.
The rchants present were stunned by Arnold’s generosity. Those who were doubtful before imdiately expressed their willingness to invest and join. As if they feared they would miss out on this once-in-a-lifeti opportunity, they hurriedly pledged.
Actually, thinking about it, this new company is about to monopolize all foreign trade in the North Territory. If any rchant does not join in, in the future, they will inevitably be marginalized in the North Territory business sector.
“Great! The enthusiasm you all have shown is astonishing. I am sure this soon-to-be-established North Territory Foreign Trade Company will surely be hugely successful!” Colin clapped his hands and smiled at Arnold. “That is all I wanted to say. I apologize for interrupting your gathering, I will take my leave. You all may carry on.”
Upon finishing, Colin walked out without any hesitation, giving a suggestive look at the Oliver brothers along the way.
Understanding the hint imdiately, the Oliver brothers also rose to their feet and bade farewell to the crowd before running after Colin, leaving the tavern.
Only envious rchants were left behind. They knew that the Oliver brothers would hold significant positions in the North Territory Foreign Trade Company.
Many of them started to plan on building a good relationship with the Oliver brothers. They hoped that they might secure so positions in the company in the future.
Arnold watched as the distracted rchants left the stadium helplessly.
He stood in front of the stage, but no one paid attention to him. Moreover, no one asked about the establishnt of the North Territory rchant Association that was planned previously.
Arnold drained the red wine from his cup in one gulp, he sighed deeply, hung his head, lost in thought.
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