How powerful is a newly minted Rogue Trader?

Question: What does a profit factor of 50-70 usually translate too?

Profit factor isn't exactly linear or translates directly into currency (indeed, buying stuff doesn't lower the wealth), but to go by the book that's richer than a minor Imperial Governor, about as rich as a major wealthy noble of a rich world, and can be more than a lesser Inquisitor can put on tap.

That's enough to hire multiple armies 10,000 strong under their control, upgrade to a Cruiser, or even at the high-end maybe a battlecruiser or grand cruiser.

Someone with this level of wealth could found a new planetary colony, wreck the economies of small planets, and get into bidding wars with obscenely rich nobles who are hazy on the idea they have financial peers outside their own family before. There are people richer, go to the sector capital and there's richer fish in the pond, but there's not a lot and they are likely to keep track of people in the area that rich who *aren't* RTs.
 
At this point you really should just be reading the Rogue Trader book. It explains what the profit factors mean and who is that level of rich.

Read a bit b can't find the actual handbook online.

Profit factor isn't exactly linear or translates directly into currency (indeed, buying stuff doesn't lower the wealth), but to go by the book that's richer than a minor Imperial Governor, about as rich as a major wealthy noble of a rich world, and can be more than a lesser Inquisitor can put on tap.

That's enough to hire multiple armies 10,000 strong under their control, upgrade to a Cruiser, or even at the high-end maybe a battlecruiser or grand cruiser.

Someone with this level of wealth could found a new planetary colony, wreck the economies of small planets, and get into bidding wars with obscenely rich nobles who are hazy on the idea they have financial peers outside their own family before. There are people richer, go to the sector capital and there's richer fish in the pond, but there's not a lot and they are likely to keep track of people in the area that rich who *aren't* RTs.

Wow. Thank you. I really appreciate it. What would a profit factor of 30 equal to? The reason why I'm asking these questions because being a Rogue Trader seems to be the best possible job in the Warhammer Universe for a human
 
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Moving Forward what can dynasties with the following Profit Factors Buy by level of difficulty?

Profit Factor Buy Easily Buy Routinenly Buy Challengely Nearly Impossible to Buy
30        
50        
70        
90        
110        
 
1. Military Power

Depends on the Rogue Trader and what they are given. Still even a destroyer can do a lot of damage to a planet without significant orbital defenses. A light cruiser, assuming it has a reasonable weapons load out is extremely powerful. Even low quality macro cannons can wreck cities
Cities. How much?
and I've never seen much evidence for the average Imperial planet being able to stand up to a light cruiser. A pre-warp civilization doesn't have much of a chance even if they know you are coming.

2. Political Power

A Rogue Trader is a peer of the realm putting them in the same social rank as a Planetary Governor, Chapter Master, or Inquisitor, among others. It's a hell of an asset to arrive over a planet and ask (and probably receive) a personal audience with the planetary governor of all but the most powerful of hive and forge worlds. Cutting threw red tape is a huge asset in 40k.
Oops, sorry! Your Trader accidentally leant over a staircase railing in our Governor´s Palace. Happens you are not a Company and his Warrant is not hereditary... no, you have no authorization to realize the his estate outside the point of origin of the respective goods, that would be trading, and his warrant ended with his death.
3. Economic Power

Here's where things get harder to quantify as it depends on the local area's trade profile. To operate interstellar trade in the Imperium you need a charter from Imperial authorities, sometimes hereditary but often not, but always limited in what the charter allows you to do, often just allowing trade on one trade route (hence why many merchants are called charterist captains for the charter they carry). Rogue Traders don't need to deal with this nonsense and can go most everywhere in the Imperium that's not a forbidden zone. Furthermore, most Rogue Traders can extend their travel rights to other ships they employ.

So depending on what the local trade regime is, a Rogue Trader is just another ship captain or they have Imperial permission to circumvent all the shipping monopolies that dominate local space.

4. Privileges of Rank

The things only Rogue Traders can do are very important. They have an unlimited ability to go beyond the Imperium to explore, conquer, colonize, and trade. They can even deal with Xenos legally, though I wouldn't recommend spreading it around too much. Obviously just how profitable this is dependent on the Rogue Trader's access to other resources. A light cruiser and a small army
What is the size of "small army"?
You are speaking of one ship again and again, smaller or bigger. Most, but not all, Rogue Traders have the right to employ multiple ships... meaning many Rogue Traders are limited to a single ship.
How do the rights of a captain holding a charter direct from Empire compare with the rights of a captain employed by Rogue Trader?
would let a Rogue Trader pillage and enslave most pre-space flight civilizations at will but access to overpopulated Imperial worlds and markets would allow the colonization of entire planets, perhaps the first steps to building a new Imperial sector, or a personal empire. Not to mention the obvious benefits of exporting resources back to the hungry markets, forges, and mouths of the Imperium.

Other factions that wish to expand may approach a Rogue Trader to use their privileges for their own territorial ambitions.
You might build an interstellar empire/sector simply by enslaving multiple pre-spaceflight planets, without introducing many colonists from Imperium.

So, one warship shows up above a planet. No warp, no spaceflight, or just a bit of spaceflight, like sending twelve people to Moon and being unable to afford to go back for 46 years.

What are they going to do? Spend million dollar rockets to hit a five dollar empty tent and camel´s butt? And that´s not pillage. Because the tent and camel carcass were worth five dollars when whole, not when the rocket is done with them.
Land a starship next to the empty tent and camel´s butt, and load the tent and camel intact? A bit more value, but still not much.
Send your small army walking the planet to round up empty tents and camels?
Rudyard Kipling said:
A scrimmage in a Border Station
A canter down some dark defile
Two thousand pounds of education
Drops to a ten-rupee jezail
You have to actually leverage your arms into profits. How?
 
Read a bit b can't find the actual handbook online.

Doesn't FFG sell the PDF?


Wow. Thank you. I really appreciate it. What would a profit factor of 30 equal to? The reason why I'm asking these questions because being a Rogue Trader seems to be the best possible job in the Warhammer Universe for a human

Poor for a Rogue Trader. If you need to buy a ship, only a small destroyer or lightly armed transport or scout ship. You're about as rich as a planetary noble or strong local guild. A Trader any worse than this is probably pretty desperate.

And yea, it kinda is.


I'm not going to do a whole chart.
 
Plenty of opportunities for shenanigans. If one wants to go more for an anime/action game deal, you might have a Eldar partner who is totally not knocking boots with you no way no how.
 
I see. Then what's a bottom if the barrel rogue trader?

How does a poor rogue trader compare with a rich charterist?
In that Warrants allow trade outside Empire, and Charters only inside?

We hear that most warrants allow multiple ships - but many don´t.

Then what is the position of a "Rogue Trader" with a valid Warrant... but no ship to exercise the warrant with?
Like - Daddy´s warrant was hereditary but allowed for only one ship. And he is dead and his ship gone - warp crash or enemy attack, confirmed dead or missing presumed dead.

How could the heir (with Warrant but no ship) go on to team up with someone who has a ship but no Warrant? Legal arrangements, sharing of profit and control?
 
There's technically no lower limit to how low a RT can sink, but to the point where they can actually function as a Rogue Trader, a broken-down smallish transport ship and doing jobs scarcely above a chartist.

A Rogue Trader with no ship can probably make some kind of deal to set up and get a ship, and be indebted to someone else. Make a deal with a noble house big enough to buy a ship or some charist house, so it's hard to stay completely shipless, unless someone is considered such a poor trader no-one will trust them to make a profit. Even then, someone likely would find it worthwhile to take use of their charter by providing a crew loyal to them, not the Trader... I don't know any examples where that's happened, but yea, 'catspaw for someone else to pay off a debt,' would be about as low as they can fall. Very hard to do without pretty outrageous misfortune (that somehow is non-fatal) or incompetence, because even basic trade work brings in a respectable amount of money. Like, akin to a minor noble or reasonable sized business or such such rather than a big player generally, but still.

*edit* Also a warrant is a physical thing. If daddy and his ship went away, well, odds are fairly high so did the warrant.
 
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Let's say that someone was given a Warrant of Trade as a reward in in the times of ending. They're a newbie rogue trader. What or who can they marry if they were of initial "low birth"?
 
Let's say that someone was given a Warrant of Trade as a reward in in the times of ending. They're a newbie rogue trader. What or who can they marry if they were of initial "low birth"?

I note that you use "someone", "they".
Does Imperium have any expectations on the sex of a Rogue Trader?
How long are Rogue Traders normally away from a homeport?
The talk of Rogue Trader showing up at personal interviews with planetary governors suggests that the Rogue Trader holding a Warrant commonly would travel with his ship, rather than stay at homeport and send a captain out with the ship. And the Warrant original getting lost in a shipwreck suggests that carrying a copy and leaving the original behind at homeport would cause trouble when asked to show the warrant.

Would a Rogue Trader normally leave spouse behind at homeport for the duration of trips, or do trade ships normally have quarters suitable for a lady and brats?
 
I note that you use "someone", "they".
Does Imperium have any expectations on the sex of a Rogue Trader?
How long are Rogue Traders normally away from a homeport?
The talk of Rogue Trader showing up at personal interviews with planetary governors suggests that the Rogue Trader holding a Warrant commonly would travel with his ship, rather than stay at homeport and send a captain out with the ship. And the Warrant original getting lost in a shipwreck suggests that carrying a copy and leaving the original behind at homeport would cause trouble when asked to show the warrant.

Would a Rogue Trader normally leave spouse behind at homeport for the duration of trips, or do trade ships normally have quarters suitable for a lady and brats?

The answer, as ever, is "it depends". But, taking one example we have, the rogue trader Lucian Gerrit has two children, and had one of them raised aboard ship & on trading expeditions, and the other by the family of Lucian's wife (to learn courtly politics). Implicit in this is that at least one potential heir is safe.

As far as the gender of a rogue trader, no expectations from the Imperium that I know of, but some Warrants might have specifications on inheritance worked into them. More modern ones probably wouldn't, but the old ones (being a lot more ad hoc and inconsistent) might well.
 
Let's say that someone was given a Warrant of Trade as a reward in in the times of ending. They're a newbie rogue trader. What or who can they marry if they were of initial "low birth"?

One of the things about a Trader is they have less rules than anyone, so they can marry who they want. Now they may lean certain ways if they want to move in certain social circles, and they can marry as high status as they want, but they're also free to marry a slave while flipping off the aghast locals and singing 'I can do what I want!' on their way out of the system.
 
One of the things about a Trader is they have less rules than anyone, so they can marry who they want. Now they may lean certain ways if they want to move in certain social circles, and they can marry as high status as they want, but they're also free to marry a slave while flipping off the aghast locals and singing 'I can do what I want!' on their way out of the system.

Only up to a point, though; like, only as long as the system's notables aren't well-connected people with powerful friends.
 
Only up to a point, though; like, only as long as the system's notables aren't well-connected people with powerful friends.
I´m not sure even they can do much about a rogue trader who just marries a slave and flies away. The Rogue Trader would need to commit serious piracy to be hunted down elsewhere. And I suspect even marrying someone else´s slave without owner´s permission - kidnapping just one slave - would count as petty piracy rather than serious piracy when hunting them down is considered.

But the thing is, marrying who he wants means foregoing the advantages of a marriage of convenience.

Marrying a slave whether by kidnapping her or just buying her legally (for a sum easily affordable to Rogue Trader) is an expenditure of consumption, not an asset.
So is marrying a free but equally lowborn childhood sweetheart.
OR - neglecting to divorce his equally lowborn sweetheart like a hot potato in order to take up more attractive offers.

Who is that low born Rogue Trader by the time he gets the Warrant as a reward?
Already a rich charterist captain with ship, crew and trade goods, needing only Warrant to expand to Rogue Trader?
Or - a person with just the warrant, needing to make a deal with someone who has ship, crew and trade goods, needing only Warrant to expand to Rogue Trader?
If the latter, you might have a business deal in form of a marriage of convenience.
Like - father-in-law´s ship, crew and trade goods, son-in-law´s warrant. And the daughter is commanding her crew, ship et cetera. The man needs to be carried along because the Warrant is in his name, and gets laid for playing his part.
 
I´m not sure even they can do much about a rogue trader who just marries a slave and flies away. The Rogue Trader would need to commit serious piracy to be hunted down elsewhere. And I suspect even marrying someone else´s slave without owner´s permission - kidnapping just one slave - would count as petty piracy rather than serious piracy when hunting them down is considered.

But the thing is, marrying who he wants means foregoing the advantages of a marriage of convenience.

Marrying a slave whether by kidnapping her or just buying her legally (for a sum easily affordable to Rogue Trader) is an expenditure of consumption, not an asset.
So is marrying a free but equally lowborn childhood sweetheart.
OR - neglecting to divorce his equally lowborn sweetheart like a hot potato in order to take up more attractive offers.

Who is that low born Rogue Trader by the time he gets the Warrant as a reward?
Already a rich charterist captain with ship, crew and trade goods, needing only Warrant to expand to Rogue Trader?
Or - a person with just the warrant, needing to make a deal with someone who has ship, crew and trade goods, needing only Warrant to expand to Rogue Trader?
If the latter, you might have a business deal in form of a marriage of convenience.
Like - father-in-law´s ship, crew and trade goods, son-in-law´s warrant. And the daughter is commanding her crew, ship et cetera. The man needs to be carried along because the Warrant is in his name, and gets laid for playing his part.

Well in my case I'm assuming one marriage ... for now. Rogue trader is male, void-born, served in the navy and got his Warrant as a reward in the times of ending. Also a warrant comes with a ship all the time so in this case think Sword Class Frigate. What would be the best case here?
 
So if a Rogue Trader managed to increase their profit Factor by 9 points in 20 years how significant is that?

Also what's the best escort ship for q starting rogue trader?
 
So if a Rogue Trader managed to increase their profit Factor by 9 points in 20 years how significant is that?

Also what's the best escort ship for q starting rogue trader?
It means what it means depending on who is running the game. The best escort ship for a starting rogue trader is the one that is best matched to the game the rogue trader is a character in.

You will not get nailed-down fluff answers of any value from game mechanics you aren't willing to actually dig into, work through, and extrapolate yourself.
 
So if a Rogue Trader managed to increase their profit Factor by 9 points in 20 years how significant is that?

Also what's the best escort ship for q starting rogue trader?

Whichever is the best shaped for sliding into a metaphorical crack in a nearby world so that when you shake the planet money falls out.

That being said other Rogue Traders will probably assuming similar level of maintenance and crew think less of a Cobra than a Sword and less of a Sword than a Gladius. A Falchion marks you a free thinking innovator, A Shrike as sympathetic to dabbling in tech-Heresy. A Sword is the stereotypical escort with good reason.

But how the Captain holds himself and what he does with it counts for more. His ship's myth likewise.

The Turbulent you salvaged from a space hulk gives you a different aura to the Claymore you won in a game of cards. The Sword you commanded before winning your warrant of trade and whose crew volunteered to come with you in your new career says something different from the Iconoclast you seized by leading a slave revolt against its pirate crew. The Gladius a Space Marine chapter master has lent you for services, past and future, compared with the Falchion you commissioned by mortgaging, your ancestral estates on a dying moon, which you promptly defaulted on never to return.

Remember other Rogue Traders are your main peers and they and their crews gossip like their lives depend on it.
 
Whichever is the best shaped for sliding into a metaphorical crack in a nearby world so that when you shake the planet money falls out.

That being said other Rogue Traders will probably assuming similar level of maintenance and crew think less of a Cobra than a Sword and less of a Sword than a Gladius. A Falchion marks you a free thinking innovator, A Shrike as sympathetic to dabbling in tech-Heresy. A Sword is the stereotypical escort with good reason.

But how the Captain holds himself and what he does with it counts for more. His ship's myth likewise.

The Turbulent you salvaged from a space hulk gives you a different aura to the Claymore you won in a game of cards. The Sword you commanded before winning your warrant of trade and whose crew volunteered to come with you in your new career says something different from the Iconoclast you seized by leading a slave revolt against its pirate crew. The Gladius a Space Marine chapter master has lent you for services, past and future, compared with the Falchion you commissioned by mortgaging, your ancestral estates on a dying moon, which you promptly defaulted on never to return.

Remember other Rogue Traders are your main peers and they and their crews gossip like their lives depend on it.
So then what would be some of types of conditions on a warrant of trade?
 
So then what would be some of types of conditions on a warrant of trade?

There is a wide variance.

The least restrictive warrents are the original set signed by the Emperor in blood. Those just read
"What is done by the bearer is done in my name and at my command."

On the other hand this is a more common example someone put upon the FFG forums.

0499621.M38
The Terran High Lords and the Senatorum Imperialis of the Imperium of Mankind, to all who shall be allowed to see these writings, or hear them read, or be told of their contents and meanings in ways they are able to comprehend, Greetings.

Be it known,
that we understand that the prosperity of the Systems of the Segmentum Obscurus and the welfare and safety of their inhabitants and tithes depend principally on reliable navigation and substantial trade, which in all former times by the said systems were carried on fortunate and with a great blessing to all worlds and sectors under the benign and benevolent watch of our gracious God-Emperor.

Be it known,
that we desire that the aforesaid systems and inhabitants should not only be preserved in their actual state of subsistence and quantity, but also that their well-being and protection from the enemies and dangers within, without or beyond the domains of Mankind, shall be increased as much as possible in special conformity to the agreements, treaties, contracts, pacts, alliances, leagues and covenants made with all concerned worlds, Adepta and people – which we give them to understand must be in all parts punctually kept and adhered to, under the punishment of death or worse by all authorities credited with the vigilant vanguard and safe-keeping of the Imperium of Mankind.

And we find by experience, that without the common help, assistance, and interposition of Imperial Men and Women, the people designated for the tasks of navigation, traffic and trade cannot be profitably protected and maintained in their great risque from pirates, extortion and otherwise, which will happen in so very long a voyage.

We have, therefore, and for several other important reasons and considerations for finding resolution as not mentioned here, with mature deliberation of counsel and guidance from our advisers many, and for highly necessary causes, found it good, that all exploration, defense and Holy War against all that stands against the united strength of our Imperium of Mankind, all navigation, trade, and commerce, and not excluding but rather encouraging all other steps deemed vital and necessary to the preservation of the structure and magnitude of the Imperium of Mankind as it stands to date, especially in the rimward parts of the Systems of the Segmentum Obscurus, the so-called Fringe worlds and all that lies beyond the borders of our beloved God-Emperors holy domain of reign, including the newly found accessible expanse of Koronus and the Halo Stars, and other places hereafter described, should not henceforth be carried on any otherwise than by the common united strength of the Rogue Traders and loyal Imperial Men and Women; and for that end there shall be elected diverse Rogue Traders, and in especial, the Line of Clawface which we, out of special regard to the common well-being, and to keep and preserve the inhabitants of aforementioned places in loyality and orthodoxy, will maintain and strengthen with our Help, Favour and assistance as far as the present state and conditions of this Warrant will be accredited.

With these lines, signed by our name and blood, we furnish them with a proper Warrant of Trade as laid down in archetype on paper, stone and adamantium by the God-Emperor himself, including the following Priveleges and Exemptions, to wit:

I: That until this bloodline shall perish from the stars, none of the Natives or Inhabitants of these countries shall be permitted to sail to or from the said lands, or to traffic in the systems and worlds of Koronus from the Rifts of Hecaton to the warp storm known as The Cauldron, nor in the worlds of the Halo, or the Heathen Stars, beginning at the fourth world of Phainal, by the streights of Benetek, Nostromo, or any other streights and passages situated thereabouts to the straights of Anais, as well on the north borders as the south borders, nor on any worlds situated on the one side or the other, or between both; nor in the western or southern sectorari reaching, lying, and between both the meridians, from the God-Emperor's Scourge, in the South, to the Galactic Rim, in the West, inclusive, but in the Name of a Rogue Trader of this Imperium of Mankind. And whoever shall presume without the consent of these Peers, to sail or to traffic in any of the Places within the aforesaid Limits granted to said Trader or Traders, he shall forfeit the ships and the goods which shall be found for sale upon the aforesaid coasts and lands; the which being actually seized by the aforesaid company, shall be by them kept for their own Benefit and Behoof. And in case such ships or goods shall be sold either in other systems or havens they may touch at, the owners and partners must be fined for the value of those ships and goods: Except only, that they who before the date of this charter, shall have sailed or been sent out of these or any other worlds, to any of the aforesaid regions, shall be able to continue their trade for the sale of their goods, and cosine back again, or otherwise, until the expiration of this charter, if they have had any before, and not longer: Provided, that after, 499621.M39 the day and time of this charters commencing, no person shall be able to send any ships or goods to the places comprehended in this charter, although that before the date hereof, this Company was not finally incorporated: But shall provide therein as is becoming, against those who knowingly by fraud endeavour to frustrate our intention herein for the public good: Provided that the ore trade at Iniquity may be continued according to the conditions and instructions by us already given, or that may be given respecting it, any thing in this charter to the contrary notwithstanding.

II: That, moreover, the aforesaid Trader may, in our name and authority, within the limits herein before prescribed, make contracts, engagements and alliances with the limits herein before prescribed, make contracts, engagements and alliances with the princes and natives of the worlds comprehended therein, and also build any forts and fortifications there, to appoint and discharge Governors, people for war, and officers of justice, and other public officers, for the preservation of the places, keeping good order, police and justice, and in like manner for the promoting of trade; and again, others in their place to put, as they from the situation of their affairs shall see fit: Moreover, they must advance the peopling of those fruitful and unsettled parts, and do all that the service of those countries, and the profit and increase of trade shall require: and the Company shall successively communicate and transmit to us such contracts and alliances as they shall have made with the aforesaid princes and nations; and likewise the situation of the fortresses, fortifications, and settlements by them taken.

III:: Saving, that they having chosen a Paterfamilias, and prepared instructions for him, they shall be approved, and a commission given by us, And that further, such paterfamilias, as well as other deputies, commanders, and officers, shall be held to take an oath of allegiance to us and also to the Rogue Trader.

IV:: And if the aforesaid Trader Lineage in and of the aforesaid places shall be cheated under the appearance of friendship, or badly treated, or shall suffer loss in trusting their money or Goods, without having restitution, or receiving payment for them, they may use the best methods in their power, according to the situation of their affairs, to obtain satisfaction.

V:: And if it should be necessary for the establishment, security and defense of this trade, to take any troops with them, we will, according to the dictates of the Ministorum of this Imperium, and the situation of affairs furnish the said Trader with such troops, provided they be paid and supported by the Trader.

VI:: Which troops, besides the oath already taken to us and to His Imperial Majesty, shall swear to obey the commands of the said Trader, and to endeavour to promote their interest to the utmost of their ability.

VII:: That the provosts of the Trader in a gravity well may apprehend any of the military, that have enlisted in the service of the aforesaid Trader, and may confine them on board the ships above whatever world, station, or jurisdiction they may be found; provided, the provosts first inform the officers and magistrates of the worlds and stations where this happens.

VIII:: That we will not take any ships, ordnance, or ammunition belonging to the Trader, for the use of this Imperium, without Need.

IX:: We have moreover invested this Trader, and favoured them with privileges, and we give them a charter besides this, that they may pass freely with all their ships and goods beyond the reach of these Lords; and that they themselves may use their liberty in the same manner as the Great Lords of this Imperium enjoy their freedom, when beyond the pacified borders of this Realm.

X:: That all the goods of this company during the eight next ensuing years, be carried out of this Imperium to the parts of the Koronus and Halo, and other places comprehended within the aforesaid limits, and those which they shall bring into this demense, shall be from outward and home convoys; provided, that if at the expiration of the aforesaid eight years, the state and situation of these worlds will not admit of this Freedom's continuing for a longer time, the said goods, and the merchandises coming from the places mentioned in this Charter, and exported again out of these countries, and the outward convoys and licenses, during the whole time of this Charter, shall not be rated higher by us than they have formerly been rated, unless we should be again engaged in a Crusade, in which case, all the aforesaid goods and merchandises will not be rated higher by us than they were in the last list in time of war.

XI:: And that this Line may be strengthened by a good government, to the greatest profit and satisfaction of all concerned, we have ordained, that the said government shall be audited every ten years, Terran, by the Adeptus Administratum, with all records and returns opened to their perusal, as requested to make a good and complete accounting.

XII:: That the accounts of the furniture and outfit of the vessels, with their dependencies, shall be made up three months after the departure of the vessels, and one month after, copies shall be sent to to us, and to the respective chambers: and the state of the returns, and their sales, shall the chambers (as often as we see good, or they are required thereto by the chambers) send to us and to one another.

XIII:: That every six years he shall make a general account of all outfits and returns, together with all the gains and losses of the company; to wit, one of his business, and one of the war, each separate; which accounts shall be kept secret from the wider throng of Humanity, but open to those appointed by this Body; and if by the expiration of the seventh year, the accounts are not kept in manner aforesaid, the Trader shall forfeit his commissions, which shall be appropriated to any use seen fit by this Body, and they themselves be held to render their account as before, till such time and under such penalty as shall be fixed by us respecting offenders. And notwithstanding there shall be a dividend made of the profits of the business, so long as we find that term per Cent shall have been gained.

XIV:: The ships returning from a voyage shall come to the place they sailed from; and if by stress of weather the vessels which sailed out from one part shall arrive in another; as those from Port Wander, or Scintilla, in Koronus, or in the Halo; or from Malfi, in Calixis; or those from Footfall, with the city and station, in another part; each chamber shall nevertheless have the direction and management of the vessels and goods it sent out, and shall send and transport the goods to the places from whence the vessels sailed, either in the same or other vessels: Provided, that the managers of that chamber shall be held in person to find the place svhere the vessels and goods are arrived, and not appoint factors to do this business; but in case they shall not be in a situation for travelling, they shall commit this business to the chamber of the place where the vessels arrived.

XVI:: And if any of the Sector Governors think fit to appoint an agent to collect the tithe from the inhabitants of worlds brought into our embrace by said Trader, the Trader shall be obliged to give such agent access, that he may obtain information of the state of the disbursements and receipts, and of the debt.

XVII:: Those in vassalage to the Trader shall not deliver or sell to the Company, in whole or in part, any of their own ships, merchandise or goods; nor buy or cause to be bought, of the said Trader, directly or indirectly, any goods or merchandize nor have any portion or part therein on forfeiture of one year's commissions for the use of these Lords, and the loss of Office.

XVIII:: The managers shall give notice by advertisement, as often as they have a fresh importation of goods and merchandize, to the end that every one may have seasonable knowledge of it, before they proceed to a final sale, notwithstanding when the representatives of these High Lords, or the Holy Inquisition, shall deny this advertisement.

XIX:: The governors of the respective worlds claimed by this Trader shall be responsible for their respective tithes as the Trader shall be responsible for the governors he elected for the aforementioned worlds.

XX:: And when any ship in service to this Trader shall return from a voyage, the generals or commanders of the fleets, shall be obliged to come and report to us, via Astropathic transmission, the success of the voyage of such ship or ships, within ten days after their arrival, and shall deliver and leave with the Administratum a report in writing, if the case requires it.

XXI:: And if it happens (which we by all means expect) that any person will, in any manner, hurt or hinder the navigation, business, trade, or traffic of this Trader, contrary to the contents of the aforesaid treaties, leagues, and covenants, they shall defend it against them, and regulate it by the instructions we have given concerning it.

XXII:: And if by a violent and continued interruption of the aforesaid navigation and traffic, the business within the limits of this Warrant shall be brought to an open war, we will, if the situation of this country will in any wise admit of it, give them for their assistance up to sixteen ships of war; with four good well patrol yachts, which shall be properly mounted and provided in all respects, both with lance and other cannon, and a proper quantity of ammunition, together with double suits of running and standing drives, fields, cables, anchors, and other things thereto belonging, such as are proper to be provided and used in all great expeditions; upon condition, that they shall be manned, victualled, and supported at the expense of the Trader, and that the Trader shall be obliged to add thereto matching ships of war, and four yachts, mounted and provided as above, to be used in like manner for the defence of trade and all exploits of war: Provided that all the ships of war and merchant-men (that shall be with those provided and manned as aforesaid) shall be under an admiral appointed by us according to the previous advise of the aforesaid Rogue Trader, and shall obey our commands, together with the resolutions of the Trader, if it shall be necessary, in the same manner as in time of war; so notwithstanding that the merchantmen shall not unnecessarily hazard their lading.

XXIII:: We have moreover ordained, that in case of a war, all the prizes which shall be taken from enemies and pirates within the aforesaid limits, by the Trader or his assistants; also the goods which shall be seized by virtue of our proclamation, after deducting all expenses and the damage which the company shall suffer in taking each prize, together with the just part of his excellency the admiral, agreeable to our resolution of the 499621.M39; and the tenth part for the officers, sailors and soldiers, who have taken the prize, shall await the disposal of the managers of the aforesaid Trader; Provided that the account of them shall be kept separate and apart from the account of trade and commerce; and that the nett proceeds of the said prizes shall be employed in fitting our ships, paying the troops, fortifications, garrisons, and like matters of war and defence by void and land; but there shall be no distribution unless the said nett proceeds shall amount to so much that a notable share may be distributed without weakening the said defence, and after paying the expenses of the war, which shall be done separate and apart from the distributions on account of Trade: And the distribution shall be made one-tenth part for the use of the Imperium of Man, and the remainder for the members of this company, in exact proportion to the capital they have advanced.

XXIV:: Provided nevertheless, that all the prizes and goods, taken by virtue of our proclamation, shall be brought in, and the right laid before the judicature of the counsellors of the admirality for the part to which they are brought, that they may take cognizance of them, and determine the legality or illegality of the said prizes: the process of the administration of the goods brought in by the Trader remaining nevertheless pending, and that under a proper inventory; and saving a revision of what may be done by the sentence of the admirality, agreeable to the instruction given the admiralty in that behalf. Provided that the vendue-masters and other officers of the Admiralty shall not have or pretend to any right to the prizes taken by this Company, and shall not be employed respecting them.

XXV:: The paterfamilias of this Lineage shall solemnly promise and swear, that they will act well and faithfully in their administration, and make good and just accounts of their trade: That they in all things will consult the greatest profit ofthe Lineage, and as much as possible prevent their meeting with losses: That they will not give the principal members any greater advantage in the payments or distribution of money than the least: That they, in getting in and receiving outstanding debts, will not favour one more than another: that they for their own account will take, and, during the continuance of their administration, will continue to take such sum of money as by their charter is allotted to them; and moreover, that they will, as far as concerns them, to the utmost of their power, observe and keep, and cause to be observed and kept, all and every the particulars and articles herein contained.

XXVI:: All which privileges, freedoms and exemptions, together with the assistance herein before mentioned, in all their particulars and articles, we have, with full knowledge of the business, given, granted, promised and agreed to the aforesaid individual; giving, granting, agreeing and promising moreover that they shall enjoy them peaceably and freely; ordaining that the same shall be observed and kept by all the magistrates, officers and subjects of the Imperium of Mankind, without doing anything contrary thereto directly or indirectly, either within or out of these realms, on penalty of being punished both in life and goods as obstacles to the common welfare of the realms of Mankind, and transgressors of our ordinance: promising moreover that we will maintain and establish the Warrant in the things contained in this charter, in all treaties of peace, alliances and agreements with the neighboring princes, kingdoms and worlds, without doing anything, or suffering any thing to be done which will weaken their establishment. Charging and expressly commanding all governors, justices, officers, magistrates and inhabitants of the aforesaid Imperium of Mankind, that they permit the aforesaid Trader and managers peaceably and freely to enjoy the full effect of this charter, agreement, and privilege, without any contradiction or impeachment to the contrary. And that none may pretend ignorance hereof, we command that the contents of this charter shall be filed with the Administratum, as is proper; for we have found it necessary for the service of this Galaxy.

XXVII:: In regard to the actions of Rogue Traders and their factors and agents, recognizing actions both the honourable and not, and deeds performed by them and their kin, and the actions of their lineage bearing this Warrant, we deem it necessary to decree, as to ensure continued development of the Imperium of Mankind as well as to allow the bearer of this Warrant to show his duty, devotion and loyality to Mankind:
XXVIIa:: That each new paterfamilias of the Traders lineage will have to undertake a Grand Endeavor of exploration outside the realms of which is known as the Imperium of Mankind, to broaden humanities knowledge of the realms of the without, and to bring the childrens of the Golden Throne, lost in dark ages of strife, far astern in time, back under the guiding light of the God-Emperors authority and rule.

XXVIIb:: That the tasks and objectives of said Grand Endeavour, as they are laid down individually for each Trader by the Adeptus Administraum, or by any other subject of our choosing suited for this task, but excluding all of those which are not blessed with knowledge of trafficing, shall be completed without neither haste nor delay, within the time of one and a half years (in consideration to the unfathomable rules regarding travels through or by the Immaterium) as recorded on the bridge of the ship of the Traders choosing, for all there to be seen, or any other place he places his foot and steps unto.

XXVIc:: That the results of his exploration shall be compiled and send to us and our appointed representatives among the Adepta as, pending further notice, the Imperial Sector Commander of the Calixis Sector, the Administratum Master of the Calixis Sector and the Lord High Admiral of the Segmentum Obscuris, with no more time than two month elapsing after the finish of the Grand Endeavour.

Given under our Great Seal, and the Signature and Seal of our Recorder, at the Imperial Palace, Holy Terra, 0499621.M38
 
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