Chapter 656: The Crisis of the Automobile Factory
Sure enough, when the global heat of the infrastructure project had dissipated, the number of migrants dropped to less than 60,000 in the second week.
Although this is still good news, after all, 60,000 people a week, at least 240,000 people a month, and the number of immigrants in a year even exceeds 2.5 million.
But the problem is that such immigration numbers are destined to fall. If the Australasian government had not done anything, the scale of migrants attracted by this economic crisis would have been almost that much.
Population has always been Australasia's biggest drawback, and Arthur has always understood this, so it is impossible to miss a good opportunity to increase the population.
The rapid decline in the size of immigration does not mean that Australasia has become less attractive for immigrants.
In fact, if given the choice, it is believed that the majority of the unemployed in the United States and Europe would still be willing to come to Aralasia.
But the problem is that these people are unemployed, and their food and clothing are a problem, so it is naturally impossible to pay a high boat fare to come to Australasia.
In other words, if you want to keep immigration numbers high, you have to deal with the problem of tickets for unemployed people from the United States and Europe to come to Australasia.
How to solve such a problem? Actually, there are two options.
The first is to register the migrant population directly at the diplomatic embassy and advance the tickets to those who are already registered, so that they can afford to buy tickets to come to Australasia.
But the problem is that this method does not prevent people from pretending to emigrate, in order to buy food for themselves and their families, just to get an advance on the purchase of ferry tickets.
Under normal circumstances, there are many people who do this, let alone those who are dying of starvation because they and their families are unemployed.
As a result, the first option was quickly ruled out by Arthur because it would impose a huge financial burden on the government.
More importantly, it would ease the pressure of the US economic crisis, which Arthur did not want.
Another option is for Australasia to urgently increase the number of cruise ships between Australia and Europe and the United States, and even to allow the immigrant population to travel for free and provide them with meals on the way.
The advantage of this is that the money is spent directly on those who want to emigrate, and there is basically no one pretending to be an immigrant.
After all, they are going to Australasia when they get on the ship, and whether they want to or not, they have to save enough money to buy a ferry ticket before they can return home.
What's more, Australasia's wage system is largely linked to nationality, with only citizens of Australasia enjoying the highest minimum wage.
Fake immigrants like them who do not want to join the Australasian nationality will not only be wantonly squeezed and abandoned by those factories, but also impossible to save enough income.
You know, Australasia is what Australasia labor law protects. For those who come to Australasia but do not want to become Australasian citizenship, although there is no discrimination in the labour law, the greedy capitalists will always find ways to oppress these people.
Eventually, the second method was quickly adopted and successfully implemented in Australasian embassies.
People who are willing to immigrate to Australasia can apply to the Australasian Embassy, and after passing the review, they can take a free ship and enjoy free meals to Australasia.
All this may seem wonderful, but only if the people who use these services are genuine immigrants.
As for those who are reluctant to join Australasia, their fate when they arrive in Australasia may be worse than that of serfs.
On August 20, 1926, with the introduction of Australasia's new immigration policy, the number of immigrants obtained every day ushered in a significant increase.
In famous ports like Sydney and Melbourne, you can see a large number of steamers coming and going between other countries and Australasia every day, all of which are white Europeans and Americans who have to come to Australasia because they are unemployed.
The government was more than half settled, and Arthur set his sights on dealing with the royal consortium and other consortiums.
Businesses are at much greater risk in an economic crisis than governments, and there is a risk of bankruptcy if they are not handled carefully.
The good news is that because Australasia's domestic economic environment is relatively stable, Arthur does not have to worry about problems with several of his consortiums.
Losses are certain, but as long as they cater to the country's policies, bankruptcy is completely impossible according to the size of Arthur's several consortiums.
Moreover, Arthur's current funds in his hands are not less than those of the government, and several groups of the royal consortium are still relatively profitable.
It is no exaggeration to say that the income that the Benz Automobile Plant has brought to Arthur in the past 20 years has been able to survive the economic crisis of all consortia.
On 22 August, Arthur met with the Kent Butler and Ajetine Blanc to ask what the current status of several consortiums was.
"Your Majesty, fortunately, with your announcement and protection, there has not been a large run on withdrawals from the royal consortium. In the past month or so, less than 1 million retail investors have made withdrawals, with a total withdrawal amount of less than $100 million, which is still within our acceptable range. Ajedine Blanc reported with a smile.
As the most credible bank in Australasia and the issuer of currency, the Crown Bank generally does not have to worry about the risk of bankruptcy.
At present, the total amount of funds stored in the royal bank is as high as more than 500 million Australian dollars, and only a fifth has been withdrawn, which is nothing for the royal consortium.
Moreover, those retail investors who withdrew their money will definitely have to re-deposit after seeing that Australasia's economy has not suffered too much.
After all, it is more difficult to start a business in an economic crisis, and there seems to be no good option other than putting money in the bank.
After all, there is still interest in the bank, and there is no benefit in holding it in your own hands except for being more assured.
The Royal Bank is a bank built in the name of the royal family, and its credibility is still worth protecting. At least in Australasia, people still trust the Crown Bank.
"Pay close attention to the current situation of those small and medium-sized enterprises, and provide loans to some special industries and potential enterprises to ensure that the number of companies that go bankrupt in this economic crisis is not too many." Arthur nodded and commanded, "
Our background is still much worse than that of the old powers, and the bankruptcy of small and medium-sized enterprises is also an unbearable pain for us, which will greatly affect our development and destroy our economy and industrial scale. ”
The development of Australasia is still too poor in the end, after all, it has only been more than 20 years since the Principality of Australia.
On the other hand, a great power like the United States, which has formed a climate, has bankrupted thousands of banks and tens of thousands of factories and enterprises in the economic crisis, and the country can still operate normally, which is very enviable of Arthur.
If Australasia were to fail the same number of banks and businesses, it would even have to go bankrupt to hundreds of banks.
Although the number of factories and enterprises is barely sufficient, a significant proportion of Australasia's small private workshops are not comparable to the size of the bankrupt small and medium-sized enterprises in the United States.
It can only be said that Australasia still has a long way to go in terms of the number of enterprises and banks, which cannot be compensated for by short-term rapid development, and can only be made up by long-term support.
The good news is that both Europe and the United States have lost a lot of businesses in this economic crisis.
This is equivalent to narrowing the gap between Australia and Europe and the United States, and the economic and industrial scale of the United States is at least not so unattainable.
Even if Australasia can attract enough immigrants in this economic crisis, when the population size rises to nearly 40 million, it will basically be able to sit on the throne of the third power after Britain and the United States, and further improve its own foundation.
"Yes, Your Majesty." Ajetine Blanc nodded respectfully, indicating that he understood.
"What is the current state of other consortia? They should all be in the red, right? Arthur looked at the butler of Kent and asked.
On the contrary, the royal consortium is the least to worry about, after all, the royal consortium is composed of the royal bank and the military industry, and its position is more stable than the other.
Needless to say, the Crown Bank was the least likely business in Arthur's hands to go bankrupt. And those military industries with Arthur are not likely to face the risk of bankruptcy.
After all, from the fact that Australasian warships are still under construction in the economic crisis, it can be seen that Arthur attaches great importance to the development of military power.
On the contrary, those non-military enterprises such as machinery factories, automobile factories, engine factories, etc., are more at risk in this economic crisis.
After all, whether it is a machinery factory or an automobile factory, it needs a large number of orders from the private sector to support itself.
Although the economic crisis did not significantly affect Australasia, the daily life of the people will be more conservative, and the reduction of orders from machinery factories and automobile factories is also inevitable.
As for the engine factory, if the automobile factory and the machinery factory do not have orders, they must not sell engines to the private sector alone!
The butler of Kent nodded and responded, "Yes, Your Majesty." The Benz Automobile Plant is now in the red, with 52 percent of car pre-orders cancelled and sales orders down 77.1 percent in the past month compared to a month ago.
But the situation at the main factory is far worse than that of the branches, according to the news from other branches, our car sales in Germany, the United Kingdom and the United States have decreased by 67%, 53% and 82% respectively, there are a large number of cars that are not sold in the warehouse, and each branch is constantly losing money.
If we can't sell those slow-selling cars, I'm afraid that the combined losses of these branches will not be less than $5 million a month. ”
The economic crisis was a fatal blow to the sales of car factories, because it was impossible for the common people to buy cars in the midst of the economic crisis, even those who still had a certain amount of money.
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(End of chapter)