Constitution for Scotland Public Consultation Hub

Section 8.4. The Central Bank of Scotland is the executive arm of the Constitutional Monetary Authority and will originate the currency and regulate its distribution through the Full Reserve banking system.

Proposed Amendments to Section

Please scrutinise all the proposed amendments and replies before commenting or voting. Short comments are most often read and must not exceed 100 words.
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Note that the original wording appears again first below and sustains the same comment & voting regime as all other amendment proposals.

Original Version

  • Avatar admin
    Administrator #1  •  2020-08-20 17:48:26

    Section 8.4. Section 8.4. The Central Bank of Scotland is the executive arm of the Constitutional Monetary Authority and will originate the currency and regulate its distribution through the Full Reserve banking system.

Proposed Amendment to Section 8.4.

  • LouMCowan

    Proposed New Section 8.4

    Section 8.4. Section 8.4 Privatisation of profit and socialising of losses. No government agency may grant or pledge any individual or collective financial guarantee or public subsidy to any privately owned corporation or entity. No privately owned corporation or commercial entity enjoying the privilege of limited liability & legal persona under the law of Scotland shall be permitted to become a monopoly or part of a cartel deemed to be disadvantageous to the community of Scotland.

Proposed Amendment to Section 8.4.

  • Arfem

    NEW ARTICLE 8 - Ethical Business Code

    Section 8.4. Privatisation of profit and socialising losses shall be unlawful in Scotland. Government will legislate to secure the re-establishment of ethical Mutually Owned Savings & Loan Institutions. No privately owned commercial entity shall receive any public subsidy or financial guarantee from the public purse nor be permitted to trade as a monopoly or part of a cartel deemed to be disadvantageous to the community of Scotland. Click for New 8.5 https://cfs-hub.co.uk/comments/878

Proposed Amendment to Section 8.4.

  • Tim Rideout

    Central Bank

    Section 8.4. The Scottish Reserve Bank shall be established by Parliament as the Central Bank of Scotland. The Scottish Reserve Bank shall be under the control of the Government and shall at all times be answerable to Parliament.

    7 votes  |  I agree 5 I disagree 2
    No responses

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