Shireroth

LB, XIII wrote:Chapter XIII: Economy
A. Supremacy

This Law shall supersede and replace any previous law or legislation related to the Economic System of Shireroth. It shall be deemed as Law and Precedent when dealing with all issues regarding economics and shall act foremost among laws for the economic and financial issues.

AB. Authority of Interpretation

1. The authority of interpretation of the following articles rests in the following offices, in descending order:
a) The Kaiser
b) The Arbiter
c) The Minister of Trade

2. The Kaiser shall act as supreme regulator of the economy and will hold all currency as property of The Crown.
2.1 The duties and responsibilities of the economy shall be delegated to the Ministry of Trade as stated in article 3.
2.12.2 Crown Currency represents the total sum of Erb not in general circulation and shall be held in The Shirithian Imperial Treasury. The Shirithian Imperial Treasury shall act as the account of The Imperial GovernmentOf Shireroth.
2.3 All Crown currencies shall be distributed from the Shirithian Imperial Treasury and all taxes payable in Erb shall be paid to and deposited to The Shirithian Imperial Treasury.
2.22.4 The sum funds residing in The Shirithian Imperial Treasury are reserved for the purpose of government spendingas determined by The Kaiser, The Steward or by Act of the Landsraad.
2.5 The Kaiser may hold a personal account known as "The Household Account" which remains the personal property of the reigning Kaiser.

3.0 In cases dealing with procedure, The Minister of Trade (hereafter referred simply as "the minister") shall act as director and comptroller of the functioning of the economic system.
31.The minister shall promote the use of the economic system and devise of new ways to implement it.
3.2 The minister shall act as the authority for registering businesses and shall ensure the correct procedures are followed by said companies.
3.3 The minister is warranted to conduct any financial investigations, and warranted to audit companies registered in The Imperial Republic Of Shireroth.
3.4 All issues of international trade must be overseen and approved of by the minister who in turn will notify The Kaiser.

4. The Arbiter shall act as auditor of any and all accounts registered within The Imperial Republic Of Shireroth. The Arbiter shall have access to any and all bank records and transactions and is charged with Royal warrant to investigate any financial issue. All disputes regarding a financial nature shall be presided over by The Arbiter. The Arbiter is warranted to apply fines, restrictions and procedural limitations on any account or company registered within the Imperial Republic Of Shireroth with the exception to the accounts held by The Crown.

C. The Erb

1.0 The national unit of currency used by the subjects and inhabitants of in The Imperial Republic Of Shireroth shall be known as "The Erb".

2.0 In promotion of our feudal society and government, Duchies may have a local unit of currency when approved by the Kaiser for the purpose of developing the economy of the Duchy.

D. Distribution

1. Total Erb and its movement.

a. The total sum of Erb in circulation shall be 100 000€.
b. All Erb shall be initially issued from The Shirithian Imperial Treasury and distributed to other accounts as stated within this Law.
c. Additional distributions may be made by regular functions of the economy.

ED. Distribution of Money

1. All new citizens shall receive a bounty from the Treasury Ministry of Trade upon joining Shireroth.

2. A citizen who revokes their citizenship or is declared legally dead by The Kaiser or by Act of Landsraad will have their account revoked, and the balance returned to The Shirithian Imperial Treasury.
2. The Ministry of Trade shall issue regulations regarding procedure when an account holder is declared legally dead or has zir citizenship revoked.

3. The Treasury is empowered to distribute the initial amount of Erb in part D.1.a between the citizens to place it in initial circulation. This will be primarily based on the current rank of citizens at time of issuing. The Treasury is not empowered to distribute further additional amounts issued under D.1.d.

4. a.3. The TreasuryMinistry of Trade is empowered to distribute further money by means of paying bounties.
b.The Treasury is empowered to develop its own policy on this matter, but should primarily give bounties to those citizens who have helped Shireroth grow or develop.

F. Fraud

1. Any attempt to exploit the economic system of Shireroth in a way contrary to the intention of its framers shall be known as fraud.
2. Fraud is a crime in the Imperial Republic of Shireroth.
3. The following actions are examples of fraud:
a. Transferring a noble title with the sole intent to benefit economically from the Crown's gift to new title-holders.
b. Joining or enticing other immigrants to join Shireroth with no intention of staying, with the intent to benefit economically from the Crown's gift to new immigrants.
4. The Ministry of Trade may declare any application or transaction to be fraud, and may cancel the transaction.
5. The Judex may declare any application or transaction to be fraud, and may cancel the transaction and, in cases where there was clear criminal intent, sentence the offenders. These sentences may include fines, demotions, bannings, or whatever else the Judex considers necessary.

G.E. Companies

1. The Ministry of Trade shall issue regulations concerning the operation of companies in Shireroth. Citizens wishing to register a Business within the Imperial Republic Of Shireroth must register within the Ministry of Trade. They must state who the primary owner of the company is and is limited to one owner. Profits gained by the company will be deposited into the owner's account and distributed by the owner as they see fit. Companies engaging in international trade are forbidden to exchange erb with a foreign currency, or give erb to non-citizens of The Imperial Republic Of Shireroth.

H.F. Official Bank

1. All currencies will be held within accounts registered to the Bank of The Imperial Republic of Shireroth. The Small Commonwealth Bank is the official bank of Shireroth.

I.G. Financial Privacy

1. Any financial records, statements, or statistics pertaining to an individual citizen of Shireroth, including those of their accounts in the Bank of the Imperial Republic of ShirerothSmall Commonwealth Bank, mayshall not be made or permitted to be made available to the public except by the sole discretion and action of that citizen.
a. Exceptions may be made during the course of a case before the Imperial Judex, if said financial information is relevant as evidence.
b. Any said financial records, statements, or statistics shall still be available as needed to officials in the Imperial Government as provided for in Section B of this Chapter.

2. The preceding section shall not necessarily apply to any presentation of financial records, statements, or statistics in which individuals are not explicitly identified.

J.H Taxation

1. The Ministry of Trade shall beis empowered to conduct national taxation when it is deemed necessary to maintain Crownthe finances of the Imperial Government.

2. Each Duke shall be taxed 2000 Erbs each time tax is required.

K.I. Guilds

1. A system of guilds shall be introduced in Shireroth. Any specific area of economic activity may apply to the Ministry of Trade to be recognised as a guild.

2. Guilds will be limited to a specific area of economic activity, but within that area are allowed to require qualifications for membership with a basic framework drawn up by the Ministry of Trade. Guild members are also the only people allowed to charge for the service they render.

3. If membership qualifications are deemed excessive by the Ministry of Trade they may be changed by themthe Ministry.

4. If a Guild ever has no members left it will be disbanded.

LB VI, D wrote: D. Minister of Trade.

1.0 The job of the Minister of Trade (hereafter referred simply as "the minister") shall beis to see to all economic affairs within Shireroth, to maintain the currency of Shireroth, and maintain the Shirithian Imperial Treasury.The currency of the Imperial Republic of Shireroth shall be the €rb.
2.0 In cases dealing with procedure, The Minister of Trade shall act as director and comptroller of the functioning of the economic system.
2.1 The minister shall promote the use of the economic system and devise of new ways to implement it.
2.2 The minister shall act as the authority for registering businesses and shall ensure the correct procedures are followed by said companies.
2.3 The minister is warranted to conduct any financial investigations, and warranted to audit accounts registered in The Imperial Republic Of Shireroth. Any judgment issued by the minister under this section may be appealed to the Imperial Judex.

LB VIII, P wrote: P. Fraud

1. Any person who by means of deception persuades another to act or not to act shall, if zie profits and the victim, or zir representative, suffers a loss, be found guilty of fraud and suffer the ordeal set by the Imperial Judex.

2. Any person who makes use of a service for which there is a stated fee, without paying that fee, shall be found guilty of fraud and suffer the ordeal set by the Imperial Judex.

DB, III, A, 3 wrote:3: Jurisdiction

a. Ministers have complete control of affairs that fall under the jurisdiction of their Ministry.
b. Ministers may not violate the Charter, Imperial Decrees or the Lawbook.