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Showing posts with label Kui Hsien. Show all posts
Showing posts with label Kui Hsien. Show all posts

20 April 3301

The Hunt for Justice

Senator Patreus has today begun the process of sending his agents to reclaim the debt owed to him by the government of Kui Hsien.

The Friends of Kui Hsien, the cooperative council that rules over the region, had previously entered into an agreement with Senator Patreus to supply Kui Hsien with the arms they needed to repel an invasion by the Federal-aligned Future of LTT 911 Party. Kui Hsien’s economy was devastated during the war with LTT 911, and the Friends now find themselves in the unenviable position of being unable to repay their debt.

Over the last week, dozens of local traders have gone to extraordinary efforts to stimulate Kui Hsien’s economy. Sadly their efforts were not enough, as the Friends of Kui Hsien still find themselves unable to meet the financial demands placed on them by Senator Patreus and Eotienses Silver Universal PLC.

As a result, Senator Patreus has authorised the Conservatives of BV Phoenicis to begin the forfeiture process. Imperial mercenaries interested in participating in the reclamation effort are being invited to sign up for active duty aboard Aoki Dock in BV Phoenicis.

13 April 3301

Kui Hsien and Quivira Refuse Raise in Rates

Last week it was announced that Silver Universal PLC, the financial branch of the military corporate conglomerate led by Senator Patreus, would be raising interest rates on all outstanding loan agreements.

Following the news, several dozen independent systems reached out to Silver Universal PLC to ask to refinance their previously agreed loans. Silver Universal PLC was gracious enough to work with its debtors to come to new arrangements wherever possible. In some instances, new deals could not be made, but {Imperia} is confident that most of its clients will continue to honour their agreements, regardless of any short term difficulties they may currently be facing.

Unfortunately, not all debtors were willing to face up to their responsibilities. In particular, Kui Hsien and Quivira have refused to acknowledge Silver Universal PLC’s legal right to increase its rates.

In protest, both systems have stopped all payments to Silver Universal PLC. A particularly dangerous gambit given the Senator’s history when dealing with systems that refuse to pay their debts.