The current Governor of the Bank of New Weddington today announced the acquisition of an unspecified amount of silver bullion via ABC Bullion* to add to the Isles' Treasury finances that currently consist of cash reserves of the official currency (the New Weddington Groat) and a portfolio of ethical investments via Bank Australia who only finance Housing for people with disability, Better housing developments, Renewable energy projects, and Not-for-profit organisations. They do not invest in Fossil Fuels, Live animal export, Gambling, Arms industry or Tobacco. The New Weddington Groat (NWG) is pegged at 1 NWG to 1 AUD$ on the ASX cash exchange.
The Governor stated: "this addition to our assets represents another step towards greater financial viability and security; and - as well as demonstrating our ethical focus on investment - will boost our capacity for future developments in establishing a landed presence in the former, unclaimed, Royal Company's Islands - now claimed as the New Weddington Isles.
"Further cash and bullion investments are planned over the next few weeks and we will budget for a degree of reinvestment of these, to allow asset growth of our nation and its aspirations well into the future."
* ABC Bullion is Australasia’s leading precious metals and bullion specialist that for close to 50 years has assisted investors of every type to buy and sell gold bullion, silver, platinum and palladium. They are distributors for major global mints such as the Royal Australian Mint, Royal Canadian Mint, The Royal Mint (UK), South African Mint and PAMP (the world's leading bullion brand).
The Governor stated: "this addition to our assets represents another step towards greater financial viability and security; and - as well as demonstrating our ethical focus on investment - will boost our capacity for future developments in establishing a landed presence in the former, unclaimed, Royal Company's Islands - now claimed as the New Weddington Isles.
"Further cash and bullion investments are planned over the next few weeks and we will budget for a degree of reinvestment of these, to allow asset growth of our nation and its aspirations well into the future."
* ABC Bullion is Australasia’s leading precious metals and bullion specialist that for close to 50 years has assisted investors of every type to buy and sell gold bullion, silver, platinum and palladium. They are distributors for major global mints such as the Royal Australian Mint, Royal Canadian Mint, The Royal Mint (UK), South African Mint and PAMP (the world's leading bullion brand).
Only one single ounce silver bullion from new bullion reserves shown, for security reasons.
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