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Post by curtissinclair on Jan 4, 2008 19:58:17 GMT -4
Yeah, that would be great, I'm also thinking about have a section in the treaty about uniform company structures, it'll just make all companies in the UEG the same as public limited companies in the UK, which seems to be what they are like already, but this would just confirm it.
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Post by Matt Kovac on Jan 5, 2008 1:58:07 GMT -4
Thats fine, as long as it does not ban state owned companies, something Ocia has a lot of!
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Post by Will Tomsett on Jan 5, 2008 8:03:09 GMT -4
Fine. Curtis, if you propose the idea in principle to the House, we'll see if we accept it. If we do, the structure of the bank will be made and then a Treaty would be proposed signing all Powers into this. That treaty may or may not be rejected by a Member State through the AUCOFA.
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Post by curtissinclair on Jan 5, 2008 9:29:42 GMT -4
Heres the Treaty;
THE TREATY OF NOVEMBER CITY THIS TREATY HAS THE AIM OF BRINGING TOGETHER THE MEMBERS OF THE UNION OF EASTERN GIESS WITHIN A COMPLETE MONETARY AND ECONOMIC UNION, AS PROPOSED ON THE SECOND OF JANUARY 2008.
SECTION 1: FOUNDATION OF UEG ECONOMIC ASSOCIATION
ARTICLE 1: MEMBERSHIP OF THE UEG ECONOMIC ASSOCIATION a. The signatories of this treaty confirm their membership of the Union of Eastern Giess. b. The signatories of this treaty accept that on leaving the Union of Eastern Giess, as defined by the Union, the signatory must revoke membership of the UEG Economic Union.
ARTICLE 2: DEVELOPMENT OF UEG ECONOMIC ASSOCIATION a. The signatories of this treaty agree to pledge appropriate resources in relation to their population to the development and maintenance of the UEG Economic Association. b. The signatories of this treaty agree to accept the UEG Economic Association as the highest economic commitment in their respective nations. c. The signatories of this treaty accept the autonomy of the UEG Economic Association from any political means and accept the Economic Association as a platform from which economic activity can be held.
ARTICLE 3: CREATION OF THE UEG ECONOMIC ASSOCIATION a. The original signatories of this treaty [The Ocian Federation, The Empire of Adrasia and The Republic of Trinovantium] agree to pledge the initial resources needed to create the UEG Economic Association.
ARTICLE 4: PROTECTION OF THE UEG ECONOMIC ASSOCIATION a. The signatories of this treaty agree to protect the UEG Economic Association agree to protect the UEG Economic Association from attack from, but not only, national, personal, organisational, corporate, and supranational attacks.
SECTION 2: GOVERNANCE OF THE UEG ECONOMIC ASSOCIATION
ARTICLE 1: ACCEPTANCE a. The signatories of this treaty accept the following structure as that of the UEG Economic Association.
ARTICLE 2: EXECUTIVE BOARD b. The Executive Board of the UEG Economic Association will be the highest level of Governance in the UEG Economic Association. c. The Executive Board of the UEG Economic Association will consist of one representative from each signatory nation. d. Each representative may be chosen by the signatory nation in any way that the government of that nation sees fit. e. The Executive Board will meet on the 15th of each month, and will discuss and vote upon decisions proposed by the President of the UEG Economic Association. f. The Executive Board will meet at various other times in the form of Committees to discuss matters to do with the UEG Bank, UEG Market and other more specific matters. g. All members of the Executive Board may sit on all Committees.
ARTICLE 3: PRESIDENT OF THE UEG ECONOMIC ASSOCIATION a. The Executive Board will elect one representative to become the President of the UEG Economic Association. b. The nation from which that representative is from will be referred to as having the “Presidency of the UEG Economic Association”. c. The President of the Association is bound by the decisions of the Executive Board.
SECTION 3: BUDGET OF THE UEG ECONOMIC ASSOCIATION
ARTICLE 1: RATES a. The Executive Board will decide on rates to be paid to the UEG Economic Association on the 15th January of each year. b. Rates to be paid will consist of a percentage of the account of each member nation’s government account. c. Percentages will be the same for each nation. d. The UEG Economic Association will use the budget for the reimbursement of employees, and for the UEG Development Bank.
SECTION 4: STRUCTURE OF THE UEG ECONOMIC ASSOCIATION
ARTICLE 1: PILLARS OF THE UEG ECONOMIC ASSOCIATION a. The pillars of the UEG Economic Association are as follows; The Central Bank, The Marketplace, The Exchange and the Executive Board. b. All of these pillars will be placed on the same website.
SECTION 5: UEG CENTRAL BANK
ARTICLE 1: MONETARY UNION a. All members of the Association agree to the fact that the UEG Central Bank is the only issuing bank within the Union of Eastern Giess. b. The issuing currency is the Union Mark (M). c. The UEG Central Bank may only issue more currency with the acceptance of the Executive Board in the form of the Bank Committee.
ARTICLE 2: BANK COMMITTEE a. The Bank Committee is made up of any representatives from the Executive Board who wish to be present in the Committee. b. The President of the Association chairs the Committee. c. The Bank Committee has powers over issuing policy. d. The Bank Committee has powers over interest rates. e. The Bank Committee has powers over account management. f. The Bank Committee has powers over the UEG Development Bank and its funds.
ARTICLE 3: ACCOUNTS a. All citizens and organisations within the UEG are allowed to have accounts within the UEG Central Bank. b. Any other entities designated by the Executive Board are also allowed to have accounts within the UEG Central Bank.
SECTION 6: THE UEG MARKETPLACE
ARTICLE 1: BUSINESS REGISTRATION a. All businesses within the UEG must be registered within the UEG Marketplace.
ARTICLE 2: TRANSACTIONS a. The Marketplace is a platform for transactions between the businesses, governments, citizens and other organisations. b. All transactions within the UEG [excluding taxation, interest and the extraction of rates] must be registered within the Marketplace.
ARTICLE 3: MARKETPLACE COMMITTEE a. The Marketplace Committee is made up of any representatives from the Executive Board who wish to be present in the Committee. b. The President of the Association chairs the Committee. c. The Marketplace Committee has powers over business registration. d. The Marketplace Committee has powers over business conduct. e. The Marketplace Committee has powers over operations in the marketplace. f. The Marketplace Committee has powers over businesses from outside of the UEG Economic Association trading within it.
ARTICLE 4: INTERMICRONATIONAL TRADE a. The Marketplace Committee is in charge of Intermicronational trade with other micronations.
SECTION 7: THE UEG EXCHANGE
ARTICLE 1: THE UEG EXCHANGE a. The UEG Exchange is a currency exchange service between the UEG and other nations with advanced economies. b. The purpose of the UEG Exchange is to build up reserves of all micronational currencies, to allow for organisations within the UEG to trade with those outside of it.
ARTICLE 2: THE UEG EXCHANGE COMMITTEE a. The UEG Exchange Committee is made up of any representatives from the Executive Board who wish to be present in the Committee. b. The President of the Association chairs the Committee. c. The Exchange Committee has powers over reserve levels. d. The Exchange Committee has powers over exchange rates. e. The Exchange Committee has powers over exchange transactions.
SECTION 8: AMENDMENTS
ARTICLE 1: AMENDING THIS TREATY a. All members of the UEG Economic Association must vote to amend the treaty, before it is changed.
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Post by Will Tomsett on Jan 5, 2008 10:20:37 GMT -4
See my notes in Adraisia. Aside from this, it all looks good, and if the amendments are made, you'll have my vote.
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Post by Liam Sinclair on Jan 5, 2008 12:24:57 GMT -4
Blatantly obvious typo alert!
"AS PROPOSED ON THE SECOND OF JANUARY 2007."
It's 2008 ........
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Post by curtissinclair on Jan 5, 2008 14:59:48 GMT -4
lol oops
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Post by curtissinclair on Jan 5, 2008 15:12:06 GMT -4
NOTE
I've taken some points away about the President having a casting vote and being the complete head of day-to-day running on request of the Adrasian Government. Also I've taken out the bit about pay of the Executive Board being decided on by the Executive Board, so national governments will have to decide on pay.
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Post by Matt Kovac on Jan 5, 2008 23:05:02 GMT -4
I read it, brilliant Work and I am not joking. After elections are over I will call a referendum on the issue and it should pass immediately.
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Post by Will Tomsett on Jan 6, 2008 5:58:10 GMT -4
We'll do the same as soon as every one else gets back from wherever they are.
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Post by curtissinclair on Jan 6, 2008 9:09:03 GMT -4
President Kovac, you'll have to close all of the commercial banks in Ocia for this to work, is that ok?
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Post by Matt Kovac on Jan 6, 2008 13:47:00 GMT -4
A system similar to the EU would be much rather appreciated from the Ocian People. A "central Bank" is not really a bank it’s more of an EU controlled institution that issues currency etc. I would happily close Ocia’s Central Bank but closing commercial banks gives the monopoly to one bank.
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Post by curtissinclair on Jan 6, 2008 15:33:22 GMT -4
This point is addressed in the Adrasian forums. provgv.proboards79.com/index.cgi?action=display&board=temp&thread=1199540073&page=1Just to add to what I've said there, the UEG Central Bank will be the account holder for every citizen and every organisation in the Union. To try and "define" accounts as belonging to different banks would be impossible for me to code, and to take money "out" of the current system would create a nightmare which would be labourous and may destroy the economy of every nation in the union. Merchant Banks can still do the other functions of banks such as investing in shares, but for now the only account holder and issuing bank in the union can be the Central Bank. I'm looking into the idea of people having a "[INVEST] Yourname" account as well, so that stock exchanges could be given access to buy and share on behalf of the "Yourname", but that won't happen for months until there are at least 30 people using the system (i expect massive growth in the populations of the member states with the creation of the association).
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Post by Matt Kovac on Jan 6, 2008 20:23:56 GMT -4
Ok then thats fine, I just want to procede with having all member states ratify it.
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Post by Will Tomsett on Jan 7, 2008 13:10:01 GMT -4
Fine, we need to decide a place to ratify it.
Port Passey?
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