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Ladies and Gentlemen

It has been made clear to me that it is time for me to increase my public presence. Those that know me best know that I prefer to do my work quietly, and to do it well. It has perhaps been a fault of mine that I have not attempted to increase my public presence to bolster public confidence in the government and in the economy. That has not been my intention. So, without further delay, here is a thorough update on the situation facing the UK Treasury team.

Number one, as everyone who hasn't been living on a planet near the star Betelgeuse knows, the entire contents of the Bank of England were recently purloined by a certain blackguard named RoadRunnerSpeed. If memory serves correctly, this was around 2900 GOLD And 15,000 GBP. It was, at the time, basically all of the usable GBP that I was willing to remove from the Treasury. It has been the goal of my term as Chancellor of the Exchequer to increase the reserves that we hold in the treasury, as they were quite paltry when I took over. As a result, at times we could appear to not be doing much, but I assure you that not a day goes by where I'm not in contact with the government or leaders in Commons.

Number two, we recently issued 100,000 GBP. This was needed because, basically, we were flat out of GBP. The money markets require, on average, somewhere around 10,000 GBP per day to maintain in their current state. The shortage of GBP on the market is a result of population growth without an equal growth of the economy. In fact, the economy has arguably shrunk. The value of the pound has not increased as a result of a strong economy, as some have charged. It has been a false reflection of the worsening situation of the UK's economy. I would wager that the benchmarks we have now are hopeful, at best, and probably not accurate reflections of what the actual value of the currency would be. They are tenable, however, or should be, with the new issuance. I have begun cleaning the markets today.

Number three, my Under Minister, Nile Frater, recently disappeared. I spoke with him once, briefly, and he said he had hurt his neck. I do not know where he has been since then. I chose to wait on him coming back before replacing him because there wasn't anything that he could be doing anyway. There was no GBP to give to the Ministry to maintain the markets, thus there was no need for Nile to be around. However, we have the money now, and I now need a new Under Minister to help me do the job. I have appointed Archerstorm, the previous Apprentice, to take Nile's place. Archer will potentially be a bit of a controversial choice. No one knows who he is outside of a few in my party, and he's quite inactive on the forums. However, I talk to him regularly, and I can assure you that he is a friendly, intelligent, and capable individual who will do the job well. I have also made it quite clear to him that part of my placing this trust in him is predicated on his becoming more active on the forums. If he does not do so, he will be sacked. End of story.

Number four, I want to address accusations of my incompetence. As I said before, there have been criticisms of my not being as public as I could be, or not explaining what I was doing as much as I could. Those attacks are justified and, largely, correct. I have not been around as much as I should be, and the fault is mine. I apologize. That being said, any accusations of my incompetence are largely exaggerated. The daily income of the UK has increased under my watch and, were it not for RRS' caper, we would be in a much stronger position than we were when I took over. In the following days I will release some more substantive figures to the House of Commons for public consumption. I am here, I know what I am doing, and I ask you to continue to have confidence in me, in the Treasury team, and in the eUnited Kingdom. Thank you.

A further report including figures summarizing our term will be released tomorrow eRepublik time.