The Royal financial group’s real estate company in New York was their largest investnt, with over 20,000 properties built each year, and the annual profit alone had already exceeded 10 million US dollars.
Even that wasn’t a lot; behind the continuous rise in housing prices, so Arican capitalists saw business opportunities and influenced the governnt to push policies regarding various restrictions on self-built hos.
Now, in the suburbs of New York in the United States, it was very difficult to build one’s own ho. Not only did one have to pass the governnt’s qualification approval, but it also required a considerable cost to connect utilities such as water and electricity, as well as to construct connecting highways and other roads.
These were stipulations written in the qualifications for self-built hos, and they were also the costs that Aricans had to pay if they chose to build their own hos.
Thus, building a ho oneself wasn’t necessarily a suitable or economical choice. Not to ntion the difficulty of eting various conditions, but just the extra expense of connecting utilities and roads alone was enough to deter many ordinary families.
It is worth ntioning that the real estate company in London, which was invested in by the Australasian Royal financial group, now completely belonged to William.
It was a gift Arthur had given to William when he turned sixteen—a real estate company with a market value of over 3 million pounds.
The concept of private property in The West was rather profound, and even between father and son, William couldn’t recklessly spend Arthur’s money without permission.
This also ant that aside from the fixed annual funds for Royal Family mbers, William had to earn any additional spending and inco on his own.
The annual annuity of Australasian Royal Family mbers was fixed, and the funds William could access amounted only to fifty thousand Australian dollars, which was the sa level as a Duke’s share of dividends.
Though fifty thousand Australian dollars seed like a lot, in maintaining the luxurious lifestyle of Royal Family mbers, it wasn’t really that much.
Even if William wasn’t extravagant, his annual expenses for clothing, food, housing, and transport exceeded ten thousand Australian dollars, and along with other expenditures, he had to spend at least twenty thousand Australian dollars.
This was still because William was underage and hadn’t made too many friends, so there was no need for additional funds for private parties.
The small parties among the Nobility often hosted by Queen Mary could cost tens of thousands of Australian dollars each, with just the expense of beverages enough to completely deplete a Duke’s annuity.
As the first in line to the throne, it was impossible for William not to host parties once he ca of age.
Especially when Arthur allowed him to cultivate his own influence, the cost of parties couldn’t be too low, which was a test of William’s earning capacity.
Even though William had been frugal before, the total amount of annuities he temporarily held from Queen Mary was only about 500,000 Australian dollars.
But if one added the real estate company worth more than 3 million pounds, William’s net worth would instantly break through 7 million Australian dollars, making him a well-known tycoon in Australasia.
What did the value of 7 million Australian dollars an? Judging by the current unaltered exchange rate of pounds to gold, 7 million Australian dollars was equivalent to 3.5 million pounds, equal to 25.655 tons of gold.
Based on the future prices of gold, 25 tons of gold would be equivalent to several billion yuan, making one a bona fide tycoon both now and in later generations.
Of course, just because the real estate company was valued at 3 million pounds didn’t an that William could obtain the full 3 million Australian dollars by selling the company.
Even if handled poorly, the sale of the real estate company could also beco extrely difficult, and getting dragged down during a stock market crisis was quite possible.
The real estate company might look valuable now, but if an economic crisis broke out, the market value of the company could shrink by half.
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After all, when an economic crisis erupts, would anyone use their valuable possessions to buy houses?
No matter how important houses were, during a crisis, they couldn’t compare to grain and supplies that could ensure one’s safety.
By then, many people will even be selling their houses at low prices, using the ager inco earned from these sales to buy enough food for themselves and their families.
As a result, real estate prices will plumt, and following the market disorder, the value of real estate companies will nosedive.
While it may seem that Arthur is rewarding William by handing over a London real estate company, how to sell this company discreetly and secure his first pot of gold is also the greatest test for William.
If William cannot even manage a small real estate company, how could Arthur trust him to handle the vast country of Australasia?
The total value of the real estate company is only 3 million pounds, but Australasia’s Gross National Product counts in billions, concerning the fate of over 30 million Australasians.
The test for William had officially started from this diplomatic visit. If he passed the test, he would be the Crown Prince of Australasia and the definite successor to the throne.
But if he couldn’t pass the test, for the sake of the royal family’s developnt, for the future of the country and its tens of millions of people, Arthur would have to reconsider the heir to the throne.
To provide William with an able hand, Royal Affairs Minister Yajedin Blanc also accompanied him on this trip.
The position of Royal Affairs Minister is quite a special one within the Cabinet, typically occupied by those extrely loyal to the royal family, where loyalty is required much more than capacity.
The forr Royal Affairs Minister was the current Finance Minister Hunter, who is the younger brother of the forr Pri Minister, Kent, and the second son of the Royal Palace Butler, Kent.
Of course, the identity of Yajedin Blanc is also quite special. He is the first close confidant truly nurtured by Arthur, rather than inherited from Duke Old Arthur’s power.
Upon arriving in Australia early on, Arthur began nurturing Australian orphans on a large scale, guiding them toward more suitable paths to serve as support for himself and future heirs to the throne.
Inherited power from Duke Old Arthur made it clear to Arthur that training heirs to the throne is crucial, but cultivating a group of loyal and capable subordinates for the heir is equally important.
Arthur’s smooth governance in Australia owed much to the nurous subordinates passed down to him by Duke Old Arthur.
The royal financial group’s expansion was so smooth because Arthur had a large number of faithful confidants, unlike the governnt officials.
Although the Kingdom of Australasia is part of Arthur’s territory, governnt officials and the King’s private retainers are entirely different concepts.
The governnt officials lean more toward national interest when contemplating issues, and while they often remain loyal to Arthur’s rule, exceptions are unavoidable.
The King’s private retainers are completely different. Servants of the King are part of the core circle serving Arthur; they prioritize the interests of Arthur and the royal family over those of the country.
This distinction between the monarch and national importance is a divergence within Monarchism. Those who prioritize the country believe it is superior to all, with the King rely being the ruler of the state.
But those who prioritize the Monarch, the private retainers, feel that the Monarch is above all, the true master of the country, and the Monarch’s interests greatly outweigh national interests.
Seen from different perspectives, these two philosophies naturally have their own truths. For a national monarch, how to better control these two forces is key to governing the country.
European Monarchies have many ways to balance the governnt’s power, one of which is a two-party system, introducing two parties with completely opposing ideas and looking for opportunities for the monarch to control power through the competition of two major parties.
However, this thod is unnecessary in Australasia. There are many parties in Australasia: the National Party, Unity Party, Rural Party, Liberal Party, and so on.
But when it cos to the specific ideologies of the parties, a considerable portion of them still align with the conservative Royalist Party.
Due to Arthur’s imnse prestige, he has beco the symbol of Australasia. In Australasia, no one would call for the abolition of the King and the royal family, as that would be tantamount to disbanding the Kingdom of Australasia, turning their beloved country into a fractured and war-torn landscape.
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