Oh, and suddenly Ferdinand found that the Russians' Second Pacific Fleet seemed to be a little too strong, and if it converged with the First Pacific Fleet in the Far East, the Japanese Navy would probably be cold if it didn't open this time!

However, he was not worried, and judging by Edward's reaction, the British must have been prepared to have a backhand.

Otherwise, if Japan is really defeated by then, the 100 million pounds of debt will still need to be covered by the London government?

As it turned out, Ferdinand's guess was not wrong, John Bull's festival was really not good!

In order for the Japanese Navy to inflict heavy damage on the Russian Second Pacific Fleet, they peddled 5 battleships, 6 cruisers, and 8 destroyers to the Chilean government, with a total tonnage of up to 180,000 tons.

The Chilean government then sold it to the Japanese government, and it was still a door-to-door delivery service.

On the third day after the Japanese government got the bond funds, it was directly sold to the Japanese government at a sky-high price of 18 million pounds.

Well, all this money can be used to build double the number of new warships, but now the Japanese government still has to buy them! Otherwise, what will they take to fight with the 2nd Pacific Fleet of the Russians?

Moreover, most of these warships are old warships that are about to be decommissioned, and of course, the warships of the Russians are barely able to deal with them. Coupled with the original home base of the Japanese Combined Fleet, it once again gained the upper hand!

Well, if it weren't for the Pro-Russian Alliance, Ferdinand himself would have wanted to make a fortune by selling a few warships to the Japanese!

The profits of the arms trade were so great that Ferdinand could only make a small fuss compared to the extravagance of the British.

How is it possible for the army equipment to be compared with the navy? The profit of one warship in the Navy is about the same as the equipment he sells for several divisions. Besides, he is facing the Russians, and he can't take advantage of the fire to rob now!

Perhaps the biggest benefit of the outbreak of the Russo-Japanese War was that it helped Bulgaria to remove its stockpiles, which were now being sold.

Whether it is weapons, ammunition, or food and cloth, as long as the officials who stuff the woolly bear with money, it will become a new product purchased from the world, and in short, it can be sold at a good price!

Time flew by, and the Russian Second Pacific Fleet arrived in the Far East, and after a short repair in Vietnam, the territory of the French, received supplies, and moved on.

However, this time the commander of the Russian fleet was replaced, and it turned out that the unlucky guy escaped this time, and it was Admiral Stepan Osipovich Makarov who replaced him.

Admiral Stepan Osipovich Makarov's military quality is still good, and he has previously commanded the Black Sea Fleet to defeat the Ottoman Navy several times, which is a rare admiral in the Russian Navy who has actual combat experience!

In addition to the Russian Navy, he was accompanied by military observer missions from various European countries, and Ferdinand even sent the Constantinople out.

Of course, his purpose was not to fight a war, but to hang the sign of a military observation mission, and in addition to observing the experience of naval warfare, the main purpose was to test the seaworthiness of the warship.

After all, it's an armored cruiser, you can't beat a battleship, but you have to outrun a battleship!

History changed again, and since the Russians came out of the Black Sea Fleet this time and took the Suez Canal, the legendary Battle of Tsushima naturally ceased to exist.

Since the British and the Japanese joined forces to block the news, the Russians at this time did not know that the strength of the Japanese Combined Fleet had grown considerably.

Admiral Stepan Osipovich Makarov was leading the fleet all the way to the Taiwan Strait, where he met the combined Japanese fleet, which was waiting for work. If you don't say it, the enemy will start fighting when they meet!

The process doesn't matter anymore, anyway, the final result is that the combined fleet led by Heihachiro Togo won this round of PK.

Of course, the combined fleet of the Japanese is not comfortable, after all, the Black Sea Fleet is much more powerful than the historical Baltic Fleet, and it has experience in naval battles!

The Russian Second Pacific Fleet was almost completely annihilated, and Russia fell from its position as a naval power overnight, including auxiliary ships, and the Russian ships lost more than 200,000 tons.

5 battleships, including the flagship, were sunk, 2 were captured, and only 1 escaped to Vietnam; Of the other types of warships, 6 cruisers, 5 destroyers and 4 torpedo boats were sunk, 5 were detained by a third country, and the rest became trophies of the Japanese!

Including the commander of the fleet, 6,836 officers and sailors of the Russian Navy were killed, 3,917 were captured, and another 2,462 were detained in neutral countries.

The combined fleet, which had achieved this result, was not very comfortable, with a total of 7 battleships, 5 cruisers, 6 destroyers, and 6 torpedo boats sunk, and most of the remaining warships were wounded, with 5,869 officers and men killed.

Seeing the result of the naval battle, Ferdinand thundered half to death, is this still the Russo-Japanese naval battle in history?

Judging from the casualties on both sides, the Japanese Combined Fleet was only a miserable victory, which is too far from their impressive record in history!

However, it is reasonable to achieve such a result, the Russian Baltic Fleet lacks combat experience, is loosely trained, and has a rice bucket commander, and it is a labor expedition, so it is no wonder that the entire army is not annihilated?

In contrast, the Black Sea Fleet is much better, and due to the expansion in recent years, they have a slightly larger number of new warships.

Moreover, he fought a war with the Ottomans a few years ago, and he has been taking the British as a strategic target all year round, so training is naturally indispensable!

Besides, it is better to go through the Suez Canal than to go around in a big circle, whether it is distance or logistical supplies, it is much better to start by taking the Mediterranean Sea than the Baltic Sea!

In addition, the commander of the Black Sea Fleet, Admiral Stepan Osipovich Makarov, was much more capable of commanding, but it was unlucky that he hung up in the war, otherwise the Russian fleet would not have been so miserable!

Moreover, the combined fleet of the Japanese was also pitted by the old ships thrown by the British. After all, they are all warships that are about to be decommissioned, and the old problems on their bodies are naturally indispensable.

All the performance is relatively pit, especially in defense, the defense of the old battleship is not much higher than that of the armored cruiser! It only took a few shots to sink the ship, which can be regarded as a contribution to the Russians!

Oh, Ferdinand is just watching the excitement now, when the melon-eating crowd is pointing out the country at will.

Far away in St. Petersburg, Nicholas II was about to go mad, and since the Russian Navy was still doing very well, the problems within the Navy were covered up.

Therefore, it is natural for Nicholas II to put the target of his hatred on the British, after all, this time it was the British who did the black hand, otherwise he might have been celebrating the victory by this time!

Angry and angry, the tsarist government still can't help the British, especially after the Battle of Taiwan, when the naval power of the Russians has shrunk significantly!

The victory of the Japanese Navy is not only celebrated by the Japanese, but also by Ferdinand, and the harvest season has arrived!

With the defeat of the Russian Navy, many people thought that the war was coming to an end, and the price of Japanese bonds certainly began to rise wildly, after all, it was an annual interest of 27 percent!

With such good news, of course Ferdinand is going to ship. Otherwise, when the market reacts, it will be found that the Russians will continue the war, and they will definitely fall back!

Oh, not only Ferdinand is shipping, but also many people who participated in the operation, after all, there is so much backlog on it, and it is time to recover some of it.

Since Ferdinand basically got ten years, even if he received the interest, it would be 2.7 times the income in ten years!

Now it will not be so high to sell in advance, but the price has more than doubled compared to the previous 80% discount. Ferdinand, who had eaten 10 million pounds in previous operations, now doubled in the amount of money he had transferred.

In the financial market, it is so profitable, of course, this is the activity of high-level players, ordinary people can only be spectators!