[BoE] - Iron Concession Agreement and Fish Concession Agreement Updates

Day 5,665, 00:44 Published in United Kingdom United Kingdom by Bank of England


The governments of Spain and the United Kingdom (UK) have held agreements for the concession of fish resource since Day 5,145 and iron resource since Day 5,025.

New versions of the concession agreements have recently been agreed.

For the public record please find them below.


Iron Concession Agreement
Spain - United Kingdom


The governments of Spain and the United Kingdom (UK) have agreed to an Iron Concession.

1. The region with iron (Yorkshire and Humberside) will always be free.

2. Spain will receive the iron resource in exchange for 1% of Spain’s daily food industry GDP (the fee imposed by the game) with a cashback for Spain.

3. The cashback will be applied to the fee paid by Spain, except for any taxes paid by the UK (i.e., city tax ). The formula to compute the cashback will be: cashback = [(the fee paid by Spain of the prior day) - (the fee received by the UK of the current day * 0.1 * number of not occupied cores of the UK/number of cores of the UK)] * 0.85

4. The final monthly amount that the UK will keep from the concession will be the greater of the two following amounts: (the fee paid by Spain - the cashback calculated in the previous point) or 175k cc. In other words, the amount returned to Spain will be the lower of the two following amounts: the cashback calculated in the previous point or (the fee paid by Spain - 175k cc).

5. In the case where the UK has some of its original regions occupied, part of the resource fee will automatically be paid to the occupiers, and it is required that the occupier returns the taxes collected on the region to the occupied country (occupiers don't pay any city tax on this sort of income, which means that the amount received can be fully returned) in order to satisfy this contract.

6. If the resource concession becomes inactive because the region providing the resource is occupied, the cashback will change to 100% (less applicable taxes), and the prorated minimum daily fee will change to £0 while the resource is inactive.

7. The minimum duration of the agreement will be 1 month with the option to be renewed if Spain and the UK agree. Discussions to be on or before the 15th.

Signed by,

, Country President of Spain
, Country President of United Kingdom


Glossary
UK: United Kingdom, the lessor.
Spain: the lessee.
The fee: 1% of Spain's GDP (Gross Domestic Product) in the product's industry. It is shown in the economy tab for each country.
CC: Country currency, in the United Kingdom is the British Pound (GBP), and in Spain is the Spanish Peseta (ESP). They all have the same value.



Fish Concession Agreement
Spain - United Kingdom


The governments of Spain and the United Kingdom (UK) have agreed to a Fish Concession.

1. The region with fish (North East of England) will always be free.

2. Spain will receive the fish resource in exchange for 1% of Spain’s daily food industry GDP (the fee imposed by the game) with a cashback for Spain.

3. The cashback will be applied to the fee paid by Spain, except for any taxes paid by the UK (i.e., city tax ). The formula to compute the cashback will be: cashback = [(the fee paid by Spain of the prior day) - (the fee received by the UK of the current day * 0.1 * number of not occupied cores of the UK/number of cores of the UK)] * 0.85

4. The final monthly amount that the UK will keep from the concession will be the greater of the two following amounts: (the fee paid by Spain - the cashback calculated in the previous point) or 100k cc. In other words, the amount returned to Spain will be the lower of the two following amounts: the cashback calculated in the previous point or (the fee paid by Spain - 100k cc).

5. In the case where the UK has some of its original regions occupied, part of the resource fee will automatically be paid to the occupiers, and it is required that the occupier returns the taxes collected on the region to the occupied country (occupiers don't pay any city tax on this sort of income, which means that the amount received can be fully returned) in order to satisfy this contract.

6. If the resource concession becomes inactive because the region providing the resource is occupied, the cashback will change to 100% (less applicable taxes), and the prorated minimum daily fee will change to £0 while the resource is inactive.

7. The minimum duration of the agreement will be 1 month with the option to be renewed if Spain and the UK agree. Discussions to be on or before the 15th.


Signed by,

, Country President of Spain
, Country President of United Kingdom


Glossary
UK: United Kingdom, the lessor.
Spain: the lessee.
The fee: 1% of Spain's GDP (Gross Domestic Product) in the product's industry. It is shown in the economy tab for each country.
CC: Country currency, in the United Kingdom is the British Pound (GBP), and in Spain is the Spanish Peseta (ESP). They all have the same value.



For any questions, please don't hesitate to send a message

Huey George