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The Books
Treasury: £54,216.93 ---> £69,726.72 (as of 16:00 Day 2,911)
Long-Term Deposits: £100,000
Government Organisations: £1,656.78
Tax Income: £104,769.33
Loaned Organisations Income: £2,000.00
Donations: £0.00
MPP Fees: £10,000.00 (Venezuela)
Military Coup to restore our Constitutional Dictatorship as laid out in the eUK Constitution: £200,000.00
Mo😨 £112,770.00 allocated via Donate Law Proposal



Introduction

The first report of term from the Ministry of Finance. We have lost daily tax revenue to France since 2,902 to 2,907 as a result of their occupation of our regions.


Market Log

A look at recent market trends





Revenue

A track on what is recorded on France's and our Country > Economy Page





Factory and Raw Material Company Profitability



Visual market guidance for our newer Factory and Raw Material Company owners if required on the profitability "work as manager" (WAM) generates against the current work tax rate which is set at 5% when products are sold at today's lowest prices in their respective markets. Assuming that all products produced (base production + bonus production) is sold at the lowest flat market price.

Ministry of Finance advice remains stable compared to advice offered seven days ago, caution is advised when selling Q1 weapons and FRM produced at Grain Farms at current market prices from WAM.



Military Unit Supplier Rebate

The Ministry of Finance are still inviting citizens to apply for a work tax rebate to your costs to work as manager to produce the supplies needed for your Military Unit. Details of rebates issued to MU suppliers will be reported via these MoF weekly reports.

We have five applicants so far.

However please note that Congressional discussion with Government remain ongoing and rebates will only be issued after satisfactory conclusion of these discussions and the allocation of funds are made available to the MoF for administration and distribution.

Please get in touch if you would like discuss the Military Unit Supplier Rebate.



Bank of England Monetary Market Trust

As a reminder the Ministry of Finance has begun to take 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.

Two 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.

Please see republished Monetary Market fishing Guide below for the principle of monetary market investment and get in touch to discuss this further or declare your interested in investing into a Bank of England Trust.



Monetary Market fishing Guide - Republish

Monetary Market (MM) fishing is not new and there are many fine guides however here is a brief MoF guide as a refresher and to introduce the concept to younger citizens who may not be aware of it.

At the current market rate it is most optimal for a citizen to invest £2,500.00 into a MM fishing. There is two reasons for this;
1) The current and fairly long-standing exchange rate for 1GBP has been 0.004 Gold.
2) The daily gold limit for most citizens is 10 gold.
Therefore the maximum currency you may sell at the current exchange rate is £2,500.00 for 10 gold.

It will take around 10 days for your currency offer to sell on the monetary market. This will give you 10 gold. It is worth noting that the amount of currency you sell can vary greatly, sometimes all the currency you put on the MM will be bought and sometimes you don't sell any. Offers do expire on the MM however any currency that does not sell is returned to you

Place this 10 gold onto the monetary market at the current exchange rate (at publication's this was 1 gold for £297.599). This will result in the 10 gold selling for £2,997.60. Once you subtract your initial investment of £2,500.00 you will have generated a profit on your investment of £497.60.

What if I had a bigger boat?

An organisation has no daily limit for gold meaning you can invest more currency into the monetary market therefore increasing the profit you can make on investments every 10 or so days. The Ministry of Finance offers loans of organisations at a rate of £1,000.00 per month. Caution is advised before investing in an organisation and it is advisable you have sufficiently adequate funds available for monetary market fishing that will recoup the rental fees with 1 or 2 successful trips. Get in touch with the MoF if you would like to discuss this further. An alternative to the rental of an organisation is the Bank of England Trust outlined above.

Close

For any further information don't hesitate to contact me.

Huey George - Minister of Finance and Governor of the Bank of England