Trotxâ
Talossan since 10-17-2005; Knight since 11-5-2006
Deo duce, ferro comitante
Posts: 1,574
|
Post by Trotxâ on Dec 21, 2005 23:45:37 GMT -6
The New Numismatic Naming Act WHEREAS: Article XVII, Section 6, Item 4 of the Organic Law gives the Ziu the power to make laws for the peace, welfare, and good government of the Kingdom with respect to currency, coinage and legal tender; and WHEREAS: For a quarter century or more the standard currency in the Kingdom has been the Talossan Ben, pegged to the US Dollar at the rate of 59 to one; and WHEREAS: The circulating coinage of the Kingdom has not been modernized during the 25-year period preceding the date of enactment of this Act; and WHEREAS: Having only one coin of the realm means that it is impossible to make change; and WHEREAS: Our current King is a good King; and WHEREAS: Our current good King should be honoured during his reign on the currency of his land; and WHEREAS: Other royalist nations have named cool-looking coins after Kings named Louis. THEREFORE: The Ziu commissions the Royal Bank & Post to produce a new golden coin to be called the Talossan “Louis d’or”; and THEREFORE: The value of a Louis d’or will be pegged at 100 Talossan Bens; and THEREFORE: The DESIGN of the Louis d'or coin under Louis I shall be circular, with a reeded edge. The coin shall have a diameter of 3 cm, and shall be minted with an image on both sides thus: Recto - the king's head crowned, turned in profile to the right with the motto "Ludovicus I Dei Gratia Talossae Rex" (space permitting) or "LVD I D G TAL REX" ("Louis I, king of Talossa by the grace of God") and the year of minting (in two forms: Anno Domine and Year of the King's Reign, separated by a slash). Verso - the royal arms surmounted by a crown and the motto "MCHN HVN HNN VLTKNTA" ("Meichen Huone on Hänen Valtakunta” or “A Man's Room is his Kingdom”); and THEREFORE: The coins minted under this act shall be LEGAL TENDER for all debts public and private in the Kingdom of Talossa; and THEREFORE: Since the $, ¢, €, ¥ and £ symbols are currently reserved for non-Talossan currency, and since some sort of symbol is needed to mark Talossan currency, then let the § symbol, (ASCII symbol #167 in decimal, A7 in hexadecimal, & #167 in HTML code; or & sect in HTML Text code) be used in front of a number to indicate a currency amount of Louis. Also, absent a § symbol, let the ¤ symbol (ASCII symbol #164 in decimal, A4 in hexadecimal, & #164 in HTML code; or & curren in HTML Text code) behind a number be used to indicate a currency amount of Bens; and THEREFORE: Let 25 RZ35 - The Royal Bank & Post Charter Act be amended to confirm that the minting of money is part of function of the Royal Bank; specifically, let items #1 and #3 read: 1. The authority in the Kingdom to mint, print and issue the coins, currency, awards of national honours, commemoratives, and postal effects of the Kingdom is the Talossan Royal Bank & Post, or RB&P, which will operate in the Kingdom by law, and be governed by its by-laws.
3. The Talossan Royal Bank & Post has full power to:3.1. Design, mint or print, and issue the Talossan National Currency, the Louis and the Ben, and all coinage and currency of other denominations as may be directed by law or determined by the officers of the Bank. 3.2. Establish the value and exchange rate of the currency of the Kingdom. The value of the Louis is set at fifty-nine Louis to 100 U.S. Dollars, and the value of the Ben is set at fifty-nine Ben to the U.S. Dollar. 3.3. Sell the Talossan National Currency at a value set by the Executive Committee. Any profit from the sale of the Talossan National Currency must return to the Kingdom. Uréu q’estadra så: Trotxâ da Vuode (MC, Vuode)
|
|
Trotxâ
Talossan since 10-17-2005; Knight since 11-5-2006
Deo duce, ferro comitante
Posts: 1,574
|
Post by Trotxâ on Dec 22, 2005 0:05:21 GMT -6
Ladies and Gentlemen of the Ziu - Here are a few notes to extend my remarks and clarify my intent on this Act: - A model for the coin I envision can be seen here:
www.pierre-marteau.com/currency/dict/e025.html Notice the young king, and the fact that it is d'or to distinguish it from the silver blanc or ecu.
- The name of this coin is pronounced "Loys door". It could easily be shortened to a "Lou" as in "Man, I'm broke - Lend me a Lou!" or the response, "Me too - I haven't got a single Lou to my name."
- Anyone can calculate fractions of a Lou in "Bens" or "Bennys": "S:reu, your change is two Lou and 13 Bennys".
- The final line on the receipt for the transaction mentioned above would look like:
CHANGE: §2.13
- Others have suggested that we need more coins and bills. I couldn't agree more. I encourage those others to propose these coins and bills.
- Perhaps we can commission this fellow to help with minting our coins:
www.shirepost.com/Coinage.html
Trotxâ
|
|
Sir Samuhel Tecladeir
Citizen since 8-22-2005; Knight since 10-23-2006
If you don't rock the boat, no one will know it's sinking.
Posts: 436
|
Post by Sir Samuhel Tecladeir on Dec 22, 2005 0:16:06 GMT -6
I don't like this at all based on a fundemental flaw in Talossan economy - it hasn't got one. Currency does not determine economy; demand for goods and services does. Just printing up currency for the sake of currency is meaningless. If we developed an economy (and I think we could), so much currency issued would mean only one thing: severe inflation. I don't think that's a good idea.
I understand the reasoning behind it, but I think we need to develop an economy first otherwise it's just play acting. At most, I would abstain.
|
|
Trotxâ
Talossan since 10-17-2005; Knight since 11-5-2006
Deo duce, ferro comitante
Posts: 1,574
|
Post by Trotxâ on Dec 22, 2005 9:18:42 GMT -6
Sam -
I agree that we don't have an economy - yet. I have a few ideas on jumpstarting one. However, every economy need a medium of exchange. We could do goats, rocks, or hairs from the beard of S:reu Fritz, but we need something. My proposal is a start on this.
We also get a much more royal sounding coin out of the deal.
Trotxâ
|
|
Hooligan
Squirrel King of Arms; Cunstaval to Maricopa
Posts: 7,325
Talossan Since: 7-12-2005
Motto: PRIMA CAPIAM POCULA
Baron Since: 11-20-2005
Count Since: 9-8-2012
|
Post by Hooligan on Dec 22, 2005 17:32:39 GMT -6
I heartily support the creation of the new coin. While I agree that we don't yet have a functioning economy, the fact that we have two coins that have never yet been minted seems to me to be much better than us having only one.
As it stands, we do not have a solid basis for our currency, unless it be the number of U.S. dollars (since that is the base against which the value of the Ben is calculated) held in reserve in the Royal Treasury. I believe that the former Burgermeister recently reported that the King only has approximately 2,000 Ben, although I do not believe that the government has declared this (or any portion of it) to be a reserve. I myself, on behalf of my party, owe the Kingdom 1,180 Ben -- or rather, if the bill hopping here becomes law -- §11.80.
I would propose that when counting out change, the merchants of the Kingdom hand the coins out one at a time, calling them "Louies," with every eighth one being called a "Lou-EYE," thus: "Louie, Louie, Louie, Louie (pause, catch breath) Louie, Louie, Louie, Lou-EYE."
Hooligan
|
|
Hooligan
Squirrel King of Arms; Cunstaval to Maricopa
Posts: 7,325
Talossan Since: 7-12-2005
Motto: PRIMA CAPIAM POCULA
Baron Since: 11-20-2005
Count Since: 9-8-2012
|
Post by Hooligan on Dec 22, 2005 18:55:27 GMT -6
I would suggest to the author of this bill that the text "and all coinage and currency of other denominations as may be directed by law or determined by the officers of the Bank" be appended at the end of the first sentence in the proposed modification to clause 3 of 25RZ35.
Hooligan
|
|
Trotxâ
Talossan since 10-17-2005; Knight since 11-5-2006
Deo duce, ferro comitante
Posts: 1,574
|
Post by Trotxâ on Dec 22, 2005 20:41:17 GMT -6
Lord Hooligan - Is this what you are suggesting? 3. The Talossan Royal Bank & Post has full power to design, mint or print, and issue the Talossan National Currency, the Louis, at a value fifty-nine Louis to 100 U.S. Dollars, and the Ben, at the value of fifty-nine Ben to the U.S. Dollar, and all coinage and currency of other denominations as may be directed by law or determined by the officers of the Bank. Please confirm. Thanks! Trotxâ
|
|
King John
King of Talossa
Posts: 2,415
Talossan Since: 5-7-2005
Knight Since: 11-30-2005
Motto: COR UNUM
King Since: 3-14-2007
|
Post by King John on Dec 22, 2005 22:30:12 GMT -6
The inscription on the obverse of the Louis d'Or says "Ludovicus XV Dei Gratia Franciae et Navarrae Rex" (Louis XV, by God's grace King of France and Navarre), with some letters left out. Our version of that, if we want to use Latin rather than Talossan, would be "Ludovicus I Dei Gratia Talossae Rex", or depending on space something like "LVD I D G TAL REX".
I'm not sure this is a good idea at this time, but if we do it, we need to get the Latin right!
— John Woolley, UrN
|
|
Hooligan
Squirrel King of Arms; Cunstaval to Maricopa
Posts: 7,325
Talossan Since: 7-12-2005
Motto: PRIMA CAPIAM POCULA
Baron Since: 11-20-2005
Count Since: 9-8-2012
|
Post by Hooligan on Dec 23, 2005 9:40:07 GMT -6
Dean Trotxa --
Your revised clause is spot-on my suggestion, yes. This would allow the RB&P to design and issue future coins and currency of other denominations without having to wait for acts of the legislature, and also means that 25RZ35 will not need to be amended when the next such denomination or commemorative is brought forward for issuance.
Hooligan
|
|
Trotxâ
Talossan since 10-17-2005; Knight since 11-5-2006
Deo duce, ferro comitante
Posts: 1,574
|
Post by Trotxâ on Dec 23, 2005 12:21:23 GMT -6
Thank you for your suggestions. I have modified my proposal based on the feedback of S:reu John and Lord Hooligan. My Lord - I felt that breaking out the powers of the RB&P would be best. Sir John - Romanes Eunt Domus! Trotxâ
|
|
Trotxâ
Talossan since 10-17-2005; Knight since 11-5-2006
Deo duce, ferro comitante
Posts: 1,574
|
Post by Trotxâ on Dec 23, 2005 12:33:50 GMT -6
I'll not add it to my proposal, but what would you all think about this for the motto of the Royal Bank and Post? Revelare Pecunia
|
|
Hooligan
Squirrel King of Arms; Cunstaval to Maricopa
Posts: 7,325
Talossan Since: 7-12-2005
Motto: PRIMA CAPIAM POCULA
Baron Since: 11-20-2005
Count Since: 9-8-2012
|
Post by Hooligan on Dec 23, 2005 13:03:51 GMT -6
Governor Betingeir:
It is my hope, now that we have a functioning College of Arms (under your able leadership as its Dean) that the various Offices of the Royal Household and the Ministries of the government and their subsidiary bureaus, will indeed take advantage of the College and apply for corporate arms and mottoes. (Yes, this was a subtle plug for The Royal Household Cleaning Act, currently hopping around elsewhere here in the hopper.)
As for the motto you propose for the RB&P, I like it! I hope the next Chairman (yes, this is a subtle plug for someone to answer my call for a volunteer to fill this position) considers it!
Hooligan
|
|
Trotxâ
Talossan since 10-17-2005; Knight since 11-5-2006
Deo duce, ferro comitante
Posts: 1,574
|
Post by Trotxâ on Dec 23, 2005 17:12:58 GMT -6
Thanks to some off-line feedback, I just modified the proposed modification to Item #1 of 25RZ35.
Yes, the original act does say "operating".
Trotxâ
|
|
Hooligan
Squirrel King of Arms; Cunstaval to Maricopa
Posts: 7,325
Talossan Since: 7-12-2005
Motto: PRIMA CAPIAM POCULA
Baron Since: 11-20-2005
Count Since: 9-8-2012
|
Post by Hooligan on Dec 23, 2005 17:35:35 GMT -6
Icky poo. I think the Scribe of Abbavilla, who recently asserted the power to change all on-the-books laws to get rid of typographical and other linguistic errors, such as this one, should be informed. I'll drop him a note.
Hooly
|
|
Trotxâ
Talossan since 10-17-2005; Knight since 11-5-2006
Deo duce, ferro comitante
Posts: 1,574
|
Post by Trotxâ on Dec 30, 2005 14:58:08 GMT -6
S:reu Secretary of State:
Having, I believe, reached a national consensus that the bill hopping in this thread, entitled "The New Numismatic Naming Act", would be of beneficial effect to the Kingdom of Talossa. I hereby submit it to the Chancery in its final form as it appears at the head of this thread, and ask, if it so please the Chancery, that it be offered for consideration by the Ziu during the Third Clark of the 35th Cosâ.
Respectfully,
Trotxâ (MC, RUMP)
|
|