Steve Heaven <[EMAIL PROTECTED]>
wrote:
>On Tue, 2006-10-03 at 13:02 +0100, Adrian Stott wrote:
>
>> "
>>
>> BW should now be asking for a one-time transfer of a significant
>> additional property portfolio, as an endowment, which it can then
>> manage to produce the *secure* income it needs to replace that
>> withering grant completely.
>
>
>But that's not really secure either, since any future government can
>simply grab it back or, more likely, sell it off from under BWs feet.
True. And the government could decide to sack all BW employees, and
fill in all the waterways. But it is much less likely to do such
things than it is to keep cutting the annual grant.
So funding through an endowment would be much more secure than the
present arrangements..
Please support the idea. Unless you've got a better one (I've been
listening, but no-one has come up with one yet).
Adrian
Adrian Stott
07956-299966
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