Do you all really want to begin to comment on economic growth in NESing? Nobody should be growing at more than 1%...
Ah... It seems a bit amazing that a company has been able to do so much in so little time (less than three years). I admit I find the part about having the same naval power as small, and some large European countries frankly a bit incredible.
Lithuania-Novgorod has 5 ships, even the super power of the seas Portugal only has 18. It's not hard to believe that the companies could churn somewhere between those two figures in 3 years. Also ask what you could use as a means of buying into the companies? Might it be? Ships? 1 IC can buy you 5 military vessels. Conservatively 25 ships, it's not all that incredible.
In less than three years, the stock company has managed to raise sufficient amounts of capital to build or purchase so many ships
Half the story, there are others means of getting ships and more funding sources have been made available in the course of the update.
and increase the quality of their personnel to a level equal if not superior to the navies of European monarchs. And we forgot to mention the other stock companies, all vying for the limited amount of capital available in the Netherlands.
Granted, but the funding is not that unreasonable not with the manner of the construction of the firms.
How different were the personnel on a merchant vessel and a naval vessel? Press ganging even far later on when the difference between merchant vessels and naval vessels was much more pronounced did very little damage to the overall capacity of naval vessels. The ships officers are admittedly more specialized, but even then any conceivable skirmish in my chosen fields is not going to be against sharply differentiated standing navies, they didn't exist. Really the only specialized military role on the ship would be the gunnery officer, which after a large civil war next door are not going to be hard to find. This is still the age when merchant vessels in all but the safest runs, probably the Baltic at this current moment carried arms. It's not hard to slap a tower fore and aft on an existing ship and arm it, it was fairly common to boot.
Indeed, most stock companies in this time period would take decades to turn any profit from their colonies, as colonies took ages to become productive and many failed in the early years. At this point its simply not viable.
I agree in part. The costs for establishing the colonies are not all that high. The survival rate is poor. But I'm not dealing in what the colonies produce per say... I'm dealing in what they require.
Sorry for keeping it fairly non specific, but I'm not going to spell out my intentions in plain text and write a long justification of why I'm doing what I'm doing suffice to say I'm the Netherlands and a major maritime power, far and above what I would otherwise in OTL at the current moment. I've said my peace on the stats. Nobody seems to disagree on the companies importance or on my choice of indicators.