Pragmatopian Posted February 13, 2011 Share Posted February 13, 2011 Allowing shareholders to use company assets to finance their purchase of the shares should never have been legalised and should be phased out. Also any public service contractor or monopoly operator should be made to make full accounts disclosure in the interests of transparency. Couldn't have put it better. It's up to the legislators to make it so. Quote Link to comment Share on other sites More sharing options...
Sean South Posted February 13, 2011 Author Share Posted February 13, 2011 Allowing shareholders to use company assets to finance their purchase of the shares should never have been legalised and should be phased out. Also any public service contractor or monopoly operator should be made to make full accounts disclosure in the interests of transparency. Couldn't have put it better. It's up to the legislators to make it so. It won't happen anytime soon then...! Quote Link to comment Share on other sites More sharing options...
Tugger Posted February 13, 2011 Share Posted February 13, 2011 It won't happen anytime soon then...! It won't happen soon not because of inertia, but because such a step is actually contrary to existing government policy. The prohibition against "financial assistance" was not included the Companies Act 2006, and was recently taken out of the Companies Act 1931. So recent steps have been taken, but not the ones John Wright wants. It is pointless to try to retain the prohibition. All people will do is use BVI companies to own assets instead of Isle of Man ones. Quote Link to comment Share on other sites More sharing options...
Sean South Posted February 15, 2011 Author Share Posted February 15, 2011 I thought they might hold on to it now they've seen off the competition? Seacat For Sale 1 careful owner... Not! Quote Link to comment Share on other sites More sharing options...
Tweek Posted February 15, 2011 Share Posted February 15, 2011 Also any public service contractor or monopoly operator should be made to make full accounts disclosure in the interests of transparency. I think that too. A general question: Take a completely hypothetical example under a completely hypothetical government agreement to provide a completely hypothetical public service - where hypothetical services provider A, was to 'pay off' hypothetical services provider B to 'keep off' his patch and was then to pass on the costs of that directly to the public. Or felt 'forced' to use a sub-contract or issue shares or the like, in order to keep hypothetical operator B off his patch. Do the public need to know that, or is that none of the public's business, and just 'business'? - or am I being too hypothetical? Quote Link to comment Share on other sites More sharing options...
asitis Posted February 15, 2011 Share Posted February 15, 2011 Boy oh Boy do we need competition just phoned SPCO to try and book a crossing been spoken to like dirt by a snotty woman ! These people think they are doing us a favour right from the CEO downwards !!!! GRRRRR Of course now anger subsides have to ring back as no alternatives !! Quote Link to comment Share on other sites More sharing options...
Tempus Fugit Posted February 15, 2011 Share Posted February 15, 2011 Boy oh Boy do we need competition just phoned SPCO to try and book a crossing been spoken to like dirt by a snotty woman ! These people think they are doing us a favour right from the CEO downwards !!!! GRRRRR Of course now anger subsides have to ring back as no alternatives !! but of course it was much cheaper to take the car on Mezeron and a seat in the 1st class lounge Quote Link to comment Share on other sites More sharing options...
Sean South Posted February 15, 2011 Author Share Posted February 15, 2011 I thought they might hold on to it now they've seen off the competition? Seacat For Sale 1 careful owner... Not! And they might have a job shifting it... There's a few available for charter/sale around Europe and the Middle East... Quote Link to comment Share on other sites More sharing options...
Andy730 Posted February 15, 2011 Share Posted February 15, 2011 Boy oh Boy do we need competition just phoned SPCO to try and book a crossing been spoken to like dirt by a snotty woman ! These people think they are doing us a favour right from the CEO downwards !!!! GRRRRR Of course now anger subsides have to ring back as no alternatives !! Book it on line, then you needed speak to any of the snotty little cows then :-) Quote Link to comment Share on other sites More sharing options...
Sean South Posted February 16, 2011 Author Share Posted February 16, 2011 I thought they might hold on to it now they've seen off the competition? Seacat For Sale 1 careful owner... Not! Fair dues to Manx Radio... it only took them twenty hours to lift this story: Manx Radio Maybe now they'll address some other issues we flagged here... Like who the ten people who are charged over the Douglas East Election debacle! Quote Link to comment Share on other sites More sharing options...
asitis Posted February 17, 2011 Share Posted February 17, 2011 Boy oh Boy do we need competition just phoned SPCO to try and book a crossing been spoken to like dirt by a snotty woman ! These people think they are doing us a favour right from the CEO downwards !!!! GRRRRR Of course now anger subsides have to ring back as no alternatives !! but of course it was much cheaper to take the car on Mezeron and a seat in the 1st class lounge freight dear boy !!! Quote Link to comment Share on other sites More sharing options...
theambo Posted February 17, 2011 Share Posted February 17, 2011 Are the packet and condor ferries that serve jersey related....? Read the comments on the attched link and you may see some similarities ! http://www.thisisjersey.com/2011/02/16/new-tough-line-with-condor/ Quote Link to comment Share on other sites More sharing options...
John Wright Posted February 17, 2011 Share Posted February 17, 2011 Yes Condor is owned by Commodore, which is owned by McQuarrie http://en.wikipedia.org/wiki/Condor_Ferries Quote Link to comment Share on other sites More sharing options...
Andy730 Posted February 17, 2011 Share Posted February 17, 2011 Yes Condor is owned by Commodore, which is owned by McQuarrie http://en.wikipedia.org/wiki/Condor_Ferries Wasn't the sister ship to the Ben down that area? I seem to remember that they had one built just after the Ben but had seen the 'issues' with passenger seating and had the extra room fitted before it left the builders. Please correct if I’m wrong... Quote Link to comment Share on other sites More sharing options...
ManxBaz Posted February 17, 2011 Share Posted February 17, 2011 The Commadore Clipper is the main Ro/pax vessel running to the Channel Islands, basically doing the same job as the BMC. She is very similar to the BMC, built to fit the run she was to be used on. She had a very serious cardeck fire last year but luckily there were no casualties. Also down that area are Wightlink, another Macquarie purchase. Quote Link to comment Share on other sites More sharing options...
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