Treasury Reports

[JasonMckerra]

All amounts are in Australian dollars.

Updated December 5, 2009.

Income
August Dues               $10.00
September Dues          $10.00
October Dues              $10.00
November Dues            $10.00


Expenditure
Repayment of debt      $11.00


Net                 $29.00

[JasonMckerra]

December Consuls duues $10 AUD.

Donation received from Harry Spooner, $111.42 AUD.

Authorized spending for mailout, $20.

Current financial position $130.42

[Brandon]

Hey, we're in a better position than the US!

[Gottingen]

Sort of.  Our printing press and credit lines are not as good.

[Brandon]

Lower credit means we will never have as much debt! (And I would be more likely to lend to Lavalon than the US at this point.)

[Gottingen]

Then you're an idiot about finance.

[JasonMckerra]

eh, the thing about loaning to Lavalon would be our inability to repay :-P

The US can at least print more money, if you loan to a government in it's own currency, in the worst case scenerio your loan might be devalued by inflation, but you will always get repaid.

[Brandon]

Gottingen, no need to be that brutal, I would loan to lavalon because it needs it, beyond the fact that if I had money to give up to a nation I would just donate it to Lavalon anyway.