"sean neill" <[EMAIL PROTECTED]> wrote: >Posted by: "David Cragg" [EMAIL PROTECTED] dhsrcragg > Sun Aug 5, 2007 3:42 am (PST) > The SVR million was given by 'Our@ West Midlands Quango (Advantage >West Midlands) set up to give out Government grant money as they see fit >in the West Midlands (Britain) region of the EU. On the Monty, having >given money for certain stages they (AWM) withdrew from funding further >restoration as they did not see it being worth it (and an election was >due it is alleged). > >(My comment) > >I would have thought Adrian would have approved of AWM making commercial >decisions on where to invest!
If you invest, you put in capital with the expectation of a return to you, and (preferably) also ensuring the preservation of the capital so it can be retrieved later and invested again. AWM gets no income (i.e. return to AWM) from its spending. Also, it has no way to recover its capital. Despite the language practice of Prudence, rigorously imposed on his party, government spending is almost always just that - spending - not investment. AWM is not investing; it is merely spending. Adrian Adrian Stott 07956-299966
