Author Topic: Link #5 Scotland Laws 1317  (Read 620 times)

(RIP) Aviendha Althor

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Link #5 Scotland Laws 1317
« on: 29 April, 2017, 08:24:58 AM »
    Formation of the Trading Company of Scotland

    With full faith of the value brought by fair trade and Merchant Activity, the Kingdom of Scotland hereby forms the Governmentally supported Trading Company of Scotland.  Members of the organization are afforded protections under the Crown in support of their activity and the Crown actively recruits members to the organization.

    Member merchants who frequently trade internationally may be favored for appointment as Ambassador of the Kingdom of Scotland.  This appointment provides them with protections as official members of state government and allows them to communicate with foreign leaders and diplomats on behalf of the Kingdom.

    Scotland will seek the employ of at minimum 2 and at most 5 merchants to actively trade for the Trading Company of Scotland depending on the needs of the Kingdom.  Only those officially sanctioned by the Crown will be protected under kingdom law for the purpose of merchant activity.  Merchants in the employ of the Crown should maintain one solely for the purpose of domestic trade of the minimum two employed.  This allows for the effective movement of goods between the regions.

    To ensure that merchants are able to earn a trade by moving goods between markets, citizens  of other professions are encouraged by law to put goods into markets where they are produced or the nearest market should one not exist.  They should then rely on the Customs Officers of those markets to arrange for a merchant to acquire those goods and transport them to the markets in which there exists demand.

    The Institution of the Royal Bank of Scotland

    Upon the appointment of an officer to the position of the Treasurer of Scotland, the Sovereign my institute the establishment of the Royal Bank of Scotland.  The purpose of the bank is to put collected monies stored in the Royal Palace collected by reason of tax receipts into the economy for economic stimulation.  Loans may be made but are not limited to the following purposes:

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    • Vassals for construction improvements
    • Citizens for professional improvement of person or structure
    • Trading Companies for acquisition of rare or needed resources on foreign markets
    • Foreign Governments for issues of state
    Depending on the size, purpose or offered collateral of the loan, usury suggested by the Treasurer may be applied.  Any interest or collateral must be tracked by the Treasury until the loan is paid in full.

    It is suggested the Royal Treasury maintain a real balance of 15,000 silver coins in hard currency be kept in the Royal Palace at all times to guard against times of great need.

    The Sovereign reserves sole right to forgive any loan offered by the Royal Bank of Scotland at their discretion.  Any forgiveness of loan must be noted by the Treasurer in the Ledger.

    Upon the end of a loan term, one of the following must occur:

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    • The balance is paid in full
    • The offered collateral is confiscated by the crown in repayment of the remaining balance of the loan to be graduated based on the percentage repayment
    • The loan is forgiven by the Sovereign
    • The loan is in default
    Persons defaulting on loans will be charged with Article XIX. Theft.

    Any application for RBS loan will be made to the Treasurer of Scotland should one be appointed and thus the institution established. 

    Any application for loan of the RBS will be submitted to the Treasurer of Scotland should the position be appointed.
    Alba gu Brath!!

    Aviendha Althor