A sign on the door reads, "Welcome to the ART." After walking inside the lobby there is a large desk with a leather canvas that reads- Aretan Royal Treasury (ART) Spoiler : The ART is located in the Palace of Arete. All gold from the NG Gold Mine is taken here to be coined into Y currency and distributed either through Salary payments or ART loans. Personal Accounts All accounts are kept in private cophers at the Aretan Royal Treasury. Salaries are added to all private cophers after each turn session. Transactions All transactions must be posted in the ART thread with a link to the transaction post or a copy of the PM/email where the transaction occured. Only one party of the transaction should make the transaction post, to avoid confusion. If the transaction is made at a business, the business owner will post the transaction. Private transactions should be posted immediately. Businesses may hold their transactions until the day of the next turn session and post them all at once. Real Estate Loans All houses in the Kingdom have an appraised Real estate value. The values are set by the Price Manager. Modest houses (starter houses) all appraise at 1000 Y. Citizens may take a loan from the ART that does not exceed their total real estate assets. Interest on an ART loan is 5%. All loans are given a 1 turn chat grace period before payments are due. A minimum payment of 10% per turn session is automatically deducted from all outstanding Real Estate loans owed to the ART following the grace period. Signature Loans Signature loans can be taken for any reason and have a 10% interest rate. Loans are repaid over a maximum of 10 turn chats. Maximum loan amount is 1/2 of your expected income over the loan period. All calculations will be based on an expected 10 turns per turnsession. All loans are given a 1 turn chat grace period before payments are due. Loan payments (10% of balance due) are deducted automatically from salaries. A citizen may have only 1 outstanding signature loan at a time. All Loans may be paid off early but no refund of interest is given. An accountant will be with you shortly please post all official business below.