Clause 11 Redemption of Postal Items Forbidden Postal items may never be

Clause 11 redemption of postal items forbidden postal

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general public, by providing on the face of the item the intended retail purchase price. Clause 11. Redemption of Postal Items Forbidden. Postal items may never be redeemed to the Royal Bank & Post for their face value or any other value. Clause 12. Creation and Sale of Commemorative Items. The Royal Bank & Post shall design, create, issue, and sell any commemorative items of the Kingdom of Talossa. Such items may be purchased by the general public at a cost at or above that expended for their manufacture, such valuation to be determined by the Royal Bank & Post. Clause 13. Disposition of Profit. All profit in the form of foreign currency which is realized from the sale of currency, postal items, and commemoratives shall be duly tendered by the Royal Bank & Post to the Burgermeister of Inland Revenue for deposit and safe-keeping within the Royal Treasury. Any profit realized by the Royal Bank & Post in the form of beer shall be disposed of howsoever the Royal Bank &
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Post sees fit. Clause 14. Economic Policy and Investment of Royal Funds. The Royal Bank & Post is responsible for determining and enacting economic policy of the Kingdom of Talossa. Funds kept in the Royal Treasury shall be made available by the Burgermeister of Inland Revenue to the Royal Bank & Post for the purpose of making foreign investments calculated to wisely augment the value of the said Treasury. The Minister of Finance shall be responsible to the Prime Minister and the nation for the policies implemented, and shall provide a report of the financial condition of any and all such investments no less often than at the commencement of the second seated Clark of each Cosâ. Clause 15. Royal Audit. The Burgermeister of Inland Revenue shall be permitted, as a Servant of His Majesty's Household, to audit the reported financial condition of His Majesty's investments at any time. Clause 16. Governmental Expenses. Except when forbidden or restricted by legislation, the government of the day is empowered to requisition funds from the Royal Treasury to provide for the operation of the Royal Bank & Post, the other Cabinet Ministries, and the Prime Ministry. The amount requisitioned for the operation of each such ministry shall not in any way or for any reason increase during such time as the sitting government continues in office following having lost the confidence of the Cosâ, except it be by royal fiat and to provide for the necessary defence and preservation of the realm. Clause 17. Assessment of Bouillon. The Royal Bank & Post shall annually appoint, from its officers and staff or other volunteer Talossan citizens, the membership of the Royal Treasury Reserve Board. This board shall be charged with regularly evaluating bouillon and providing assessments to the Chairman of the Royal Bank & Post. In addition to random samplings of bouillon as determined by the board, the duties of the board shall include attending such events as The World Beer Cup and other beer festivals.
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  • Fall '19
  • Pound sterling, Numismatics, Monarchy, Micronation, Talossa, Talossan language

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