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;
;  Rachel's Beer Vouchers
;
;  Issued by Rachel Willmer
;
[entity]
entity_shortname=Rachel
entity_longname=Rachel Willmer
entity_email=rachel@willmer.org

[issue]
;
;  This section identifies the Operator of the issue server,
;  (the "Operator") responsible for the technical hosting/management
;  of system hardware and software.
;
issue_company = Systemics, Inc.
;
;  Systemics, Inc. will initially function as Operator, per
;  Operator Contract posted at
;  http://www.willmer.org/demo/ricardo/contracts/operator/
;  hereafter referred to as the "Contract Publication URL".
;
;  **Notices issued pursuant to this currency contract, such as
;  changes in sub-contractor arrangements, will be published
;  and maintained at the Contract Publication URL**
;
;
issue_email=issue@systemics.com
issue_contract_url= *
{
http://www.willmer.org/demo/ricardo/contracts/issue/
}
issue_type=currency

[currency]
currency_name=pints of beer
currency_tla=BEER
currency_symbol=pt
currency_type=decimal
currency_factor=1
currency_decimal_power=0
;currency_fraction=mg

[conditions]
conditions_backing= *
{
  Rachel's Beer Vouchers are payable to bearer pint for pint in
  fine British beer, on demand, subject to the conditions specified in this
  currency contract.

  Rachel will maintain at all times a primary reserve of British
  cash in an amount sufficient to purchase (from a British pub of
  her choosing) pints equivalent to 100% Rachel Beer Vouchers in
  circulation.
}
conditions_audit= *
{
  Rachel's Beer Vouchers are primarily backed by Rachel's
  reputation as a connossieur of fine ale.

  No primary reserve is established for this currency.
}
conditions_purchase= *
{
  In order to obtain Rachel's Beer Vouchers, you must
  persuade Rachel to part with same, by any means fair
  or foul. Common means are in exchange for favours
  done to Rachel or in exchange for national currency.
}
conditions_redemption = *
{
  In order to redeem Rachel's Beer Vouchers, you must
  negotiate a suitable time and place, and then ask
  nicely. Because most suitable redemption locations
  (e.g. British pubs) do not have Internet access, it
  is likely that there will be a time delay between
  currency redemption and arrival of beer.
}
conditions_rate = *
{
  Issuance and redemption will be performed at no charge.
}
conditions_buyback = *
{
  The Issuer reserves the right to buy back all outstanding
  currency, thereby terminating the use of this instrument.
}
conditions_liability = *
{
  Rachel Willmer is solely liable to perform according to
  the conditions specified in this contract.
}
conditions_mint = *
{
  Float - the total quantity of Rachel's Beer Vouchers
  outstanding - is created by a Mint account,
  specially set by the Operator.  Authorization to the Operator
  is hereby included to specially set one Mint account for creation
  of Rachel's Beer Vouchers.

  Disbursements from the Mint account are to be made on receipt of
  duly signed and public authorization from Rachel Willmer.  All
  disbursements from the Mint account are to be made to the single
  Currency Comptroller account identified by the authorization.

  From time to time, the Currency Comptroller may direct the
  Currency Manager to return Rachel's Beer Vouchers to the Mint
  for the express purpose of reducing the float. Rachel's Beer Vouchers
  so delivered are to be deposited into the Mint account,
  thus reducing the float by that amount.
}
conditions_privacy = *
{
  The purchase, redemption and trading of Rachel's Beer Vouchers normally
  are done on the basis of strong privacy.
}




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