Chronicles Of Middle Ages

The Royal Bank of the Citizens and Regent of England


The Royal Bank is the government bank of the Kingdom of England. Privately owned by participating English citizens since 1323-08-04 04:06:57, it is one of the richest entities on the Chronicles of Middle Ages—as of 1323-08-11 03:20:09, the bank holds 1,018.12 gold coins and over 100 tradeable goods (e.g. beer, bread, wax seal, ect.), worth at least 400 gold coins. It is tasked with collecting and sending goods and gold coins to and from participating English citizens and outsiders, such as friendly regents from other kingdoms.

The stability of the Bank of England is equal to that of the Kingdom of England … [The Bank of England] acts, not only as an ordinary project, but as the driving force of the English economy.

—Lucius Aurelius Vanderbielt, Regent of the Kingdom of Frisia 1323

History

On being appointed Queen of the Kingdom of England on 1323-08-04 00:40:53, Rose Bigod discovered that England had lagged behind the dominant economic and military powers—Castille, Portugal, and Sweden. There was no gold coin left in the treasury to build a hospital or buy goods and develop important supply chain, such as breads and beers. The Queen and her Parliament also needed a naval fleet and army to protect the Kingdom of England.

Parliament recruited new citizens to England. Headed by the Queen with the aid of contributing citizens, the bank was incorporated by the name of "Royal Bank of the Citizens and Regent of England." The bank became the sole possessor of the government's balances and was allowed to issue goods and gold coin lending and debt to participating English citizens and friendly outsiders.


Projects

The bank allows the government to raise enough gold coins—while keeping both Kingdom Taxes and City Taxes at 0%—for the Royal Navy to buy and maintain cogs, caravels, and army units in times of war.