Kalistani Major History

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Kalistani Government calls for more Nationalization
KALMILINCO said to "centralize supply processes" of Kalistan's Military
Kaliburg, Ananto District
May 10, 4409


Kalistani Minister of Defense Philando Santamaria inspects portable bridge components with Kalistani Regular Field Engineers

The Kalistani Government today called for a second round of Nationalization.  The Bill, the KALMILINCO Charter, specifically nationalizes 9 weapons and logistics firms operating in Kalistan, reorganizes them under a single conglomerate and puts the Government at the head of these firms.  "The Goal," Premier of the Republic Dianne Carrangus explained, "is to have supply when we need supply.  One of the things that has been slowing down our production of naval and ground weaponry is that we have the ability to construct the hulls of the ships at the Naval Ship Yard, but we have to buy the guns, the electronics, the radar, the radios, the bunks and the chow from private firms.  Since nationalization began, prices have predictably gone up.  So the goal of this nationalization is simply to cut out the middle man.  And when our Navy is up to speed, this institution, like the other, can produce goods and services for the international Market which Kalistan will happily export.  But we need to make this stuff in house rather than rely on contracts and the capricious nature of the private market."

Investors of the expropriation will receive bonds for 80% of the face value of their interests in the companies listed, or may trade their old stock in at a rate of three old to one new.  As in other nationalized operations, the Kalistani Government will own 51% of the stock and is forbidden from selling below that interest unless it seeks to liquidate the company all together.  Publicly available stock will become available when the bill passes.

The Bill is fully expected to pass within 9 months.