manxman8180 Posted March 22, 2005 Share Posted March 22, 2005 Interest is added on each year <{POST_SNAPBACK}> Interest can accrue at whatever rate is agreed between the parties, it can be yearly, monthly, daily. Or it can be agreed to be a fixed rate for the term of the loan. I don't know what the arrangement was and I doubt you do either. But you'll probably tell me anyway...... Link to comment Share on other sites More sharing options...
The Old Git Posted March 22, 2005 Share Posted March 22, 2005 With a population of about 75000 it means every man, woman and child would have to pay £746 per anum to cover the dept and this would be on top of the electric bills This doesn't take into account the electricity bills paid by businesses. At work we pay about £4k pa for electricity. I'd hate to think what some of these offices full of computers, etc., pay each year. Link to comment Share on other sites More sharing options...
ans Posted March 22, 2005 Share Posted March 22, 2005 I'd guess two or three of the larger organisations on the Island (MT/Barclays/Skandia/Martin Baker/etc) would be more than the total bill for all residential customers. Finger in air guess though, could be way off. Link to comment Share on other sites More sharing options...
manxman8180 Posted March 22, 2005 Share Posted March 22, 2005 not to forget the leviathan which is Government itself. I know it's our money anyway, but you know what I mean. Link to comment Share on other sites More sharing options...
When Skies Are Grey Posted March 22, 2005 Share Posted March 22, 2005 Its also possible that any loan could be capitalised.... Link to comment Share on other sites More sharing options...
crumlin Posted March 22, 2005 Share Posted March 22, 2005 Tynwald were told that the MEA had forcast a turnover of £35-4 million for the current financial year, if that is true how can they afford to pay back £21 million interest plus the capital. Its been said by someone that the loans are over ten years, and if thats true it means that the MEA would have to pay £35 million per anum of the capital, so its impossible for the figues to stack up Link to comment Share on other sites More sharing options...
manxman8180 Posted March 22, 2005 Share Posted March 22, 2005 .........Its been said by someone that the loans are over ten years........<{POST_SNAPBACK}> The moral of that little story is.........(wait for it, you'll like this crumlin).....Don't always believe what people tell you !! Link to comment Share on other sites More sharing options...
crumlin Posted March 22, 2005 Share Posted March 22, 2005 Its over twenty years. How much is Manx Telecom (02) going to pay for the cable takeover Link to comment Share on other sites More sharing options...
FCMR Posted March 25, 2005 Share Posted March 25, 2005 Its over twenty years. How much is Manx Telecom (02) going to pay for the cable takeover <{POST_SNAPBACK}> They cant take over the cable. Link to comment Share on other sites More sharing options...
Observer Posted March 26, 2005 Share Posted March 26, 2005 I must admit, I've watched my electricity bills take quite a hike recently - they seem to be regularly 'reviewing' my monthly direct debit arrangement in favour of an upward turn. My last bill (last week) was quite an eye opener... Oh, and was followed by the now almost mandatory 'review'. Bah humbug. Link to comment Share on other sites More sharing options...
Fatty Posted March 28, 2005 Share Posted March 28, 2005 My last bill (last week) was quite an eye opener... Oh, and was followed by the now almost mandatory 'review'. Bah humbug. <{POST_SNAPBACK}> Jesus H... just got my latest electicity bill... my thoughts now are that the MEA will survive... we're going to pay for its survival, like it or not... Question, has anyone tried buying power from suppliers in the UK? I often get spam mail from various companies over there asking me to change... Uswitch was the latest one... Link to comment Share on other sites More sharing options...
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