South Seas Development Company: Difference between revisions

The '''South Seas Development Company''', previously known as the '''South Seas Trading Company''' is a [[Daxia]]n joint-stock company originally founded in 1638 to trade in the [[Ocean of Cathay]] region. It expanded its interests to Australis, specifically the Daxian colonies in [[Zhijun]] and [[Stenza]]; being granted enormous economic concessions there from the Qian government in exchange for its development of local industries and use of its manpower to help maintain control of the colonies. The company sought an alternative route to avoid the Burgoignesc island chokepoints known as [[La Garrote]] and its extortionate tariffs by developing what came to be known as [[the Southern Route]], a maritime trade route stretching from southeast [[Alshar]], passing through ports in [[Stenza]] and reaching the southern [[Kindreds Sea]] and ports in west [[Sarpedon]]. The company also got extensively involved in the Daxian periphery, spearheading Daxian economic domination in [[Canpei]], [[Tanhai]] and [[Rusana]] in the 18th and 19th centuries. A series of questionable investment decisions, the loss of [[Stenza]] and pressure from Levantine competitors eventually led the company to insolvency, leading to a partial bailout and the imposition of government trustees. A much reduced company stripped of most of its important assets was sold off to private capital in 1956, being renamed as the South Seas Development Company operating out of [[Zhijun]].