[MoF] Bank of England - Financial Report 13th June to 20th June
Bank of England
The Books
Treasury: £1,016,600.64 ---> £1,057,654.24 (as of 15:30 Day 3,135)
Long-Term Deposits (Woldy's Angels Act): £400,000.00
Government Organisations: £538,438.25* (293.84 Gold) (*£135,000.00 on MM)
Tax Income: £238,429.77* (*Plus TW tax return from France and USA (£134,209.00))
Loaned Organisations Income: £0.00
Government Article Advertisement Income: 5.00 Gold
Bank of England Trust MM Scheme Income: £130,267.34 ---> £133,230.08
MPP Fees: £40,000.00* (Bulgaria, Belarus*, Venezuela, Indonesia, Macedonia)
*Belarus donated the UK's 10,000.00 MPP fee
Total Allocation for National Military Unit £250,000.00 / Spend £0.00
Donation of 15,000.00 GBP from the country accounts to eUK Home Office (MoHA)
MoHA spen
😛12,000.00 GBP
Introduction
Your third report of the term from the Ministry of Finance. We still await for the Admin to rollout a series of changes and gradually introduce the Air Force and the changes to the Economy Module related to the New Industry. They are aiming to release a significant part of it by the end of the month. In turn I will release guidance and advice articles to support UK citizens as these changes are implemented. Currently the situation remains as was before the resource wars.
Market Log
A look at recent market trends. . . Standing MoF Advice is to exercise caution with all Monetary Market trading over the next month or so due to the recently completed Resource Wars 2016. It is probably also advisable to balance your reserves of county currency and gold reserves so you may remain adaptive to any exchange rate shifts as the UK and Global economy respond to any economic changes.
Revenue
A track on what is recorded on the France's, USA's and our Country > Economy Page
Bank of England Monetary Market Trust
As a reminder the Ministry of Finance is taking advantage of the increased demand on gold price on the monetary market by opening a Bank of England Trust for citizens and allies to invest in. The Ministry of Finance is currently posting offers although is exercising extreme caution and implementing increasing monitoring of market conditions for reasons explained in the market trends section.
Eleven citizens have invested into the Trust and monetary market offers placed from a number of eUK Government Organisation reserved for use by the Bank of England. The monetary market profits have been agreed to be split 60% to the citizen and the remaining 40% for the Treasury to reinvest/store in reserves. Any monetary market profits made will be reported in future MoF Reports.
Since Day 2,908, the Bank of England Monetary Market Trust has made profits of;
£133,230.08 for the UK
£199,845.12 for private citizens
Please get in touch to discuss this further or declare your interested in investing into a Bank of England Trust.
Ministry of Defence Affiliated Units
Any eUK MU except for the NMU will be able to apply for MoD affiliate status
Affiliate MUs will be required to:
Set their Daily Orders in accordance with MoD Orders, and ensure that their fighters follow those orders.
In Return Affiliate MUs will get:
The ability to claim a 50% Work Tax rebate for their Suppliers, when the tax rate is higher than 3%
Entitlement to receive prizes in National Strikes
Details of rebates issued to Affiliate MUs will be reported via these MoF weekly reports.
Please get in touch with the MoD if you would like discuss your MU becoming a Ministry of Defence Affiliated Unit
Player Support Programme and Training Ground Loans
Upgrading your strength buildings is the best way to earn income as it allows you to receive Super Solider medals much quicker. A Q4 Weights Room & Q4 Climbing Center (without any contract training) earns the most money of any training/contract combination. Together they will earn you 13.38g/month (0.446g/day) after you pay the daily training.
During promotional periods training ground upgrades are reduced;
To upgrade your Weights Room, Climbing Centre, Shooting Range or Special Forces Centre it costs 45% less for each incremental rise is quality.
Historic Trends
A look at some longer term economy figures
Close
For any further information don't hesitate to contact the Ministry.
Huey George - Minister of Finance and Governor of the Bank of England
Killermarine - Deputy Minister of Finance
Comments
isn't Woldy's Angel Fund now somewhat inadequate for its intended use?
Yes, it does require a review. This has been raised in Congressional discussion and I'm sure Congress will make some changes soon, either increasing the amount of Government funds held by private citizens or moving the Government funds back to the Country Accounts or into Government held Orgs.