At this afternoon tea gathering, Hobart invited several nobles he was close to, including Earl Hall, Glaint, and Lord Bradley, and told them that he intended to sell 20% of Earl's Light's shares for a total price of 800,000 Pounds!
They could invite friends to the earl's residence tomorrow to purchase them.
The nobles had no intention of bargaining. They knew Hobart was not short of money and had just resolved the matter on Longtail Island.
Selling shares at this time was entirely an opportunity to establish a solid community of interests and hedge against risks.
To the nobles, 800,000 Pounds was not a high price. After all, even buying a baronial title required 1 million Pounds.
Earl Hall alone subscribed to 5% of the shares. That was only because he had considered the feelings of the other nobles. Otherwise, he would certainly have bought all 20% himself.
Earl Hall had long realized that Hobart's improvements to the electric light might cause all of Loen's wealth to undergo a redistribution.
He simply had not expected that redistribution to come so quickly! After afternoon tea ended, seeing that it was only a little past four, Hobart took a trip to Longtail Island.
By then, the Governor's Office had completely taken control of the western plains. First, it had divided the area into villages and towns, largely using the former rubber plantations as units.
After the former small towns and natural villages had been merged or redrawn, Town Chiefs, Town Government officials, and Village Chiefs were dispatched to them, establishing an extremely effective bureaucratic structure.
Furthermore, Conrad had temporarily transferred many personnel from the South Colson region, along with the second batch of Backlund noble children who had just completed their assessments, to register land and assets.
To the Loen People of