© 2010 Qualtern Limited
Sign up to receive email updates from Qualtern
Search Qualtern.com
Share this page
World leaders hail death of Turpid Bam Irskel
Global peace now in sight, says Chancellor Berdryn
Nostery Council to outsource itself
People don’t want politicians making important decisions, says council chief
BREAKING NEWS: Chancellor in shock cannibalism confession
Senate reels as Berdryn reveals truth behind his mother’s ‘trapping accident’
Chancellor accused of censorship
Qnet blog row may prove pyrrhic victory for Berdryn
QMA criticises head-
Cosmetic “head balancing” dangerous and ineffective, say top doctors
Tartrous refers himself to Standards Commissioner
‘I’ve done nothing wrong, but want to clear the air,’ says Citizenship Minister
Rump Party senators in talks to join coalition government
Surprise at Urkly return to government
Eyebrows rise at appointment of double serial killer as Education Minister
PeopleFirst launch latest legal bid to overturn ‘invidious’ law
I’m not moving, says local Mayor
Local dignitary plumbs himself into council buildings
Government vote called off again
The Government has successfully headed off this year’s fourteenth attempt by PeopleFirst to oust it.
Lord Sandison demands repayment of public debt
State threatened with bankruptcy by biggest creditor’s mystery demand for immediate payment.
Call to take roads into public ownership
Left wing pressure group says private road system causes chaos, and advocates central planning.
General Trebuchet refuses to be drawn
Chief Peacekeeper declines joint request from PeopleFirst and the Government for budget transparency.
Mystery still surrounds the demand yesterday by Lord Sandison, heir to the Crystal Dynasty fortune and the state’s single biggest funder, for immediate repayment of his government loan. The demand was made by public service on the Quaestor in the formal manner laid down in the Act of Government Fundraising over 300 years ago: Lord Sandison, on horseback, blocked the passage of the Chair’s official car as it drove down Purses Wynd towards the State Bank, and the Chair was obliged to step out to hear Lord Sandison declaim ‘Payback! Payback! Payback!’ with his fist in the air. Onlookers watched as the Chair spread his palms and asked why. Sandison’s only response was to wheel about his horse and gallop away.
‘This is all perfectly legal,’ explains QRIS’s legal correspondent. ‘The Act of Government Fundraising is quite clear that repayment of funds lent to the state can be demanded at any time by this method, and the state is obliged to pay in full within seven days. It’s why government loans are generally reckoned such a secure investment. But it’s unheard of for a creditor on Lord Sandison’s scale to demand repayment at all, let alone of the full amount and without warning. Smaller investors do it all the time, with no impact on the economy, but Lord Sandison is in a different league altogether. He’s practically part of the establishment, and the leverage given by his lending is a large part of his influence, even though that’s never openly acknowledged. This demand for payment is obviously intended as a threat, or the opening gambit of some strategy. But until we hear anything further from either Lord Sandison or the Government, we just don’t know.’
Lord Sandison demands repayment of public debt