Our involvement in the Togoland continues. We think we could soon declare that small region as our protectorate, to have it once and for all secured from British or French interference. The station at Lome sends already exotic fruits every month or so. Nonetheless, the German colonial program is only starting now. We will need men to control the local tribes and be certain of their "collaboration". Moreover, a new opportunity was given to traders of the nation. All non-steam merchant ships got a subsidy and a lot of interest ensued. We want to build more military ships as well, but the state cannot even decide on transport ships at the moment.
Obviously, all these opportunities and help together with a lot of trading activity has meant that our country has lost control of inflation. We are in perennial "short of capital" as we buy and resell lots of products around the globe in an attempt to compete with Great Britain. Every now and then the government makes attempt to curb inflation but it is almost to the point of uncontrollable.
In Stuttgart, Siemens has opened its first electrical production facility and is the envy of the industrialized world!
We have managed to reinstate the Dual Alliance between Germany and Austria, including a very good commercial agreement. Germany and Austria move together in the world and soon collaborate in every aspect like the Holy Roman Empire was doing not more than 100 years back. It shall defend against French revolutionists and potential Slav-Turkish insurrection in the East. The Russian Emperor approached us to renew it, but we think the personal relations of the royal families with the British and Russian rulers is more than enough to secure peace. Although a defensive alliance with Russia might be desired some time in the future, at the moment we simply want to improve relations to avoid crises.