Kanjor

[Drax]

CLAIRON PICARD
 
DECISIONS ON L’ETOILE CANRILLE OWNERSHIP
 
Governor General’s Palace, July15, 5628: CLAIRON PICARD sources in the Governor General’s Palace report that the organization of L’Etoile Canrille was the topic of discussion at a meeting of the Council of Ministers.
 
Currently, L’Etoile Canrille is repairing, replacing, launching  and maintaining military intelligence satellites for the Union of Canrille’s Imperial Command and civilian telecommunications satellites for the benefit of radio, television and other non military communications operations.
 

Originally L’Etoile Canrille was a Rildanorean company which was the repository of Lourennais Soteira and satellite technology. A minority interest was purchased by the Societe National de Bourse Intermediare (SNBI), a government corporation established as an  intermediary for buying and selling between foreign and domestic interests. SNBI which is overseen by the Finance Ministry, is operating the Kanjorean subsidiary of L’Etoile Canrille.

 

The Hosienne -Democrate (UHD) ministers and a plurality of the Federation Canrille (FC) want some sort of privatization of the civilian functions while the Premier, the Defense Minister and the Foreign Minister strongly oppose privatizing the military functions. 

At the suggestion of the Governor General, the possibilities of a civilian spin off were examined.  The HUD’s Interior Minister, Marcel Malateste, proposed a civilian spinoff with SDNI authorized to sell its shares to private investors.  The Defense Minister suggested the launch function not be part of the spinoff and that SDNI retain at least 5% ownership in the event renationalizing ever became necessary.

 

Agreement was thus reached, and Finance Minister Jerome Vandamme took responsibility for implementation.  The civilian satellite corporation will be named South Seleyan Telecom.