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The Eastern Mediterranean Trade Company is an international joint-venture corporation, founded by the Roman Empire, The Golden Horde and Romania. It was created for the purpose of increasing eastern trade power and expanding all member nations influence beyond the Mediterranean. Created at a conference in Constantinople, the company is based in the city, with various trading ports available all around the Black Sea for its use.
Role in Commerce and Trade
The Eastern Mediterranean Trade Co. operates a system of banks, shops, routes and ports across all the member nations, seeking to create maximum profits for the stakeholder nations.
Constitution of Eastern Mediterranean Trade Company
- Original Capital shall come from founder nations.
- Shares in Company can be purchased by nations with coastlines on the eastern Mediterranean Sea and the Black Sea.
- Profits are split based on shares owned.
- Trade must be conducted in all member nations.
- Ships shall be constructed only within member nations.
- Holdings acquired by nations can be sold to company jurisdiction for a stake based on value, these holdings will be returned to national control in the event of a dissolution of the company, or at the request of the nation.
- Profits shall be split based on capital provided. For example, if Romania and Milan fund a colony they split half of the proceeds, the remaining are divided among the other company members including Milan and Romania.
- Constantinople shall remain the capital so long as it is viable, or until voted out as the board of management sees fit.
- Members will be added on request, and permitted by a vote of current members, in which case a simple majority wins.
Constitutional Proposals and Amendments
VOTE TO DISSOLVE THE EMTC:
- Stephanus rex (talk) 02:03, May 6, 2014 (UTC)
- Fed (talk) 02:04, May 6, 2014 (UTC)
- g greg e (talk) 02:23, May 6, 2014 (UTC)
- Imp (Say Hi?!) 21:50, May 6, 2014 (UTC)
- Certificates of ownership shall be printed dictating the percentage of ownership in both the company and any and all colonial ventures.
- Ownership of the company shall be equally divided among members.
- Each colonial venture will be paid for by contributions from members, and ownership in each colonial venture will be proportionate to the amount of capital put forth by each member nation.
- For each colonial venture that turns a profit, the profit shall be divided in half, with one half paying the owners of the colony proportionate to their ownership, and the other half being paid equally amount members of the company.
- Each time a new member joins the company 12.5 shares are created and given to them.
- E.g. if there are eight members, each will have 12.5% of shares in the company itself. If the company colonized a region, and the colony was equally paid for by Milan and Romania 50-50, then both Milan and Romania would receive 31.25% of the profits each, while the other six members would receive 6.25% of the profits each.
- 1 Caravel = 50 Ducats
- 1 Cog = 25 Ducats
- 1 Galley = 25 Ducats
- 1 Soldier = 0.25 Ducats
- 1 Civilian = 0.125 Ducats
- Supplies to feed one man for one month = 1.9575 Ducats
The city of Hobyo is an ancient port city in the north-central Mudug region of Somalia. It can be used to get our foot in the door and serve as a proof of concept for future colonial endeavors. This city will serve as an important staging ground further ventures, allowing us to reach Mogadishu at a later date. It is close to the canals, allowing us to be able to supply the city relatively easily. Once we have cleared of any hostile peoples we will construct a fort upon the port and begin trading with the natives. We will likely need around a few hundred to a thousand men, fifteen to eighteen ships, and enough capital to purchase supplies for about a month's journey.
- Milan: Puts forth 200 men, ten caravels, three cogs, 100 settlers, and enough supplies for each man provided. Total value of 1224.75 ducats (42% share).
- Roman Empire: Puts forth five galleys and 1.9575 ducats per person, for 300 people. Total value of 662.25 ducats (22% share).
- Romania: Puts forth
18 caravels, 750 men-at-arms, and as many settlers are needed to complete the mission. The gold required to send the 250 soldiers remaining at 1.9575 Ducat per person. Total value of 676.875 ducats (23% share).
- Alexandria: Enough supplies for 200 people at 1.9575 ducats per person. Total value of 391.5 ducats (13% share). I STILL WANT TO SUPPLY PEOPLE ....
- Total Cost: 2955.375 Ducats
Alexandria Dip: Just an issue I see: Milan, Romania, and the Tartar's ships do not have access through the Philadelphi Canal as they have not signed an agreement for entry and use.
Hungary: Could take the spot of these nation(s) perhaps?
Alexandria: ' Can provide such ships, Hungary's are being used in a war effort right now are they not? Or they can just work on an agreement for access - which is what they are going to need in the long run, anyway.
Romania: I thought I did have passage through the canal, if not then it can be arranged. I will send a request in 1493. Also we need more soldiers 700 is not enough. I can send 750 if needed.
Milan: I have access to the canal, I just never submitted by thing on the page itself. I'd imagine that all members of the organization would get access automatically, and if not that can be something we propose.
Um --- No. Wrong, absolutely wrong. That compact is a major treaty. Unless your nation is on that list with approval from both sides you do not have access.
Voting for Admission
Greg, I told you with the current system we put in place with ownership a company can not purchase stock in the company, or it would give Alexandria an unfair advantage. Companies can purchase stock in colonies, but not the company itself. This section is for membership of countries only, so I don't think this makes sense here. Tr0llis (talk) 21:56, May 5, 2014 (UTC)
I don't see why they cannot. This isn't NATO or a supernational organization. They administer over trade already in Alexandria's overseas outposts and enclaves. I know the constitution says that it must be a nation, but capital is capital is it not? Anyway, vote as you wish and at the very least let this challenge and set precedent to how this organization will work in the future. g greg e (talk) 22:10, May 5, 2014 (UTC)
Also speaking of fairness? Who are you to decide that you get to contribute 51% of the capital for a venture? You didn't even let the Tartary (a founder) have an opportunity to get involved. I was under the impression that these ventures were supposed to be of equal/similar value unless a country specifically passes or is unable to due to economic factors, political factors, inhouse reasons, or legal reasons. This company is going to turn us all into rivals rather than partners at this rate. g greg e (talk) 00:47, May 6, 2014 (UTC)
That was just one venture out of a bunch. That one just happened to be my idea so I ended up being the main investor. The difference is that if you had a company as a member you'd get a double fixed salary. You can't join as a member, but you can join colonies, ie get double in the colonies themselves. If we allowed this than I could just make up a company(s) myself and steal money from the organization...Tr0llis (talk) 01:21, May 6, 2014 (UTC)
The first venture is going to set the tone for how they are all handled. Id rather see everyone who wants to be involved be involved. I joined this company seeing them as equal partnerships when possible. If that's not the case I'm going to try to be as involved as possible. Also tell me when the company you've just established is as established as this one. g greg e (talk) 01:41, May 6, 2014 (UTC)