Chapter 212: Anglo-French borrowing

Loan negotiations between the East China United Autonomous Government and Britain and France began on February 23, and the three parties held negotiations for nearly a week before reaching a loan agreement on March 2.

East China Zhengax will provide a material loan worth 2 billion Funais to the United Kingdom and a material loan worth 1.3 billion Funais to France.

The reason why it is called material loans is that these loans must be used to purchase war materials and other commodities produced and sold by China, and China does not provide cash consideration.

In this way, the actual cost of the East China political axe is only 1 billion Fuxing coins at most, and if Britain and France use all this money to buy arms, then it will even only cost 700 million or 800 million yuan.

When the Entente got the loan, the interest it needed to pay was not too high, but it needed to settle some in advance, and at the same time there were political conditions.

The Entente naturally understood that if the East China Political Axe lent to them, it meant that the East China Political Axe had fallen to them, because if they were defeated, the money would not be repaid.

It can be seen from the reluctance of the East China political axe to borrow money from Tsarist Russia that the East China political axe is not really stupid, and they have no confidence in Tsarist Russia.

Bringing China, the largest power in Asia, to the side of the Entente is not explicitly joining the Entente, but it also requires paying various costs.

For Xia Jun, recovering Hong Kong is a matter of minutes, and keeping it can force the British to commit crimes on various issues.

In other words, Britain wanted to return the concessions of Tianjin Dagu, Wuhan, Shanghai, and Xiamen, most of which were public concessions, and other countries were settled by Britain and France.

At the same time, Britain handed over all the shares of the Shanghai-Nanjing Railway, the Beijing-Pudong Railway and the Guangdong-Hankou Railway to China.

France had the same conditions in the concession as Britain, and at the same time handed over all shares in the Guangdong-Hanzhou Railway and the Yunnan-Vietnam Railway.

Britain and France handed over their controlling shares in the railway, and East China Zhengaxe also obtained the right to operate the Guangdong-Hanzhou Railway, the Nanjing-Shanghai Railway, and the Yunnan-Vietnam Railway.

Previously, these three railways were not operated by East China Political Axe, and East China Political Axe even built another railway from Guangdong to Wuhan, as well as a railway from Hangzhou to Yanjing, the Guangdong-Hanzhou Railway and the Beijing-Pudong Railway have become double-track, and the Nanjing-Shanghai Railway plus the British holding is already a three-track.

Although it is a duplicate construction, these railway lines are very busy, so it is not a waste.

It is precisely because of the repeated construction of the East China political axe that the price of railway transportation in recent years has not been controlled by the foreign powers, but with the advent of the First World War, these railway freight rates began to rise, because the East China political axe did not repair enough railways, so they could only take their railways.

Now that East China has obtained the right to operate the railway, it can directly reduce the freight.

Among these railways, the Beijing-Pudong Railway also has shares in Germany, the Guangdong-Hanzhou Railway also has shares in Germany and the United States, and the Jinghan Railway and Longhai Railway have shares in the Bank of Belgium, and Belgium is now in the territory occupied by Germany. Among them, the Yunnan-Vietnam railway can lead to Vietnam, and the railway shares in Vietnam are also owned by the East China Political Axe.

China paid nearly 300,000 lives for the construction of the Yunnan-Vietnam Railway, and the French were speechless on the spot, promising to hand over the shares of the section of the railway leading from Vietnam to Hanoi to China's East China Political Axe.

This account is calculated slowly! Getting back the Yunnan-Vietnam Railway is just the beginning.

On the basis of the concession and the railway, Britain and France recognized China's suzerainty over Tibetan Province, Mongolia, Korea, and Yueben, and the suzerainty of Yueben was debated for a long time.

But at this time, the defeat of the war had lost the right to speak, and Britain and France did not insist too much on obtaining the loan of the political axe in East China, and finally agreed.

In addition, Britain leased Rono to China for 20 years.

Ruonau, a small island not far from the Mariana Islands, seems to be of little strategic importance, having been the territory of Germany before being captured by the British after the outbreak of World War I.

But there is a lot of guano on this small island, which is a good fertilizer.

Since the British want to borrow, it is natural to take the opportunity to get oil, this small island is not of much use to the British at present, although they also have developed guano, but the economic benefits are not too high.

For China, the meaning of this island is different, and in 20 years the island will be returned to the British, and perhaps the guano will have been stripped away.

However, there is a lot of guano on this small island, and after years of accumulation, it is estimated that there are still some challenges in digging up in 20 years.

Later, the inhabitants of Luau lived a very wealthy life, that is, by selling guano, as a result, the residents of a small island became the most obese country in the world, they did not need much labor, and they were very rich, that is, they loved to eat food that easily led to obesity, and they were unwilling to exercise, the president took the lead in calling on the residents to exercise, and they went to the hospital without running a few steps on the island, which is really embarrassing.

Britain also did not attach so much importance to this small island, and since the East China political axe was wanted, it was also given, because this small island was not suitable for building a military base, and it was only leased for 20 years.

Runau is of great significance to China, because high-quality fertilizers can allow China to solve fertilizer problems.

At the same time, Britain and France opened up commercial restrictions in their colonies in order to obtain loans from China. Among them, the United Kingdom will also order Australia, Canada, and New Zealand to cancel various restrictions and legal discrimination on Chinese immigration and residence, and at the same time reduce the export tariffs on resources of the three countries.

The French occupation of Vietnam is equivalent.

From the Entente's point of view, it was very meaningful to exchange these conditions for a loan from the East China political axe, and at this time the two major neutral powers were the United States and China.

And these two countries have a lot of resources, and China's East China political axe has just defeated Yuben and become the first power in Asia, and it is the lifeblood of Russia.

At this time, the United States had already begun to provide some loans to the Entente countries, so the United States would not finally watch the defeat of the Entente countries.

China is now also lending to the Entente, and China will not watch the Entente defeat.

The support of these two neutral powers, the Entente ensured the invincibility of the war, which was of great significance to the Entente, and this condition was completely acceptable.

After the negotiation ended, Xia Jun received Zhu Xiaocheng's news and couldn't help but be very satisfied. Li Shijing didn't understand very well, and Xia Jun said to her: "This loan agreement can provide a good foundation for China to occupy these areas in the future, because of the opening up of the immigration policy." ”

"So what's going on for our next spree of immigration to these countries?" Li Shijing asked.

"Yes, there will be more immigration to these countries in the future." Xia Jun nodded, "And the commerce of these British and French colonies and their dominions will be open to us, and the tariffs will also be lowered, which will provide us with great benefits." ”

(To be continued)