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    QUOTE from BarryW: "Try reading what Charlie actually says and while you may not fully understand the complex financing issue at least accept that some of us do. He deserves a chance." UNQUOTE

    What Charlie says in his proposal is: "The monies required by HM Treasury could be raised by the Trust through (i) a joint venture with a ports operator (ii) the provision of finance by an infrastructure fund (iii) the provision of finance by a finance party or (iv) an offer of bonds to the public with a return backed by Port revenues."

    Is this what you are referring to as it seems pretty straightforward? Alternatively could you point us to the complex financing issue details with which you are au fait, and perhaps help us to understand them?

    The sources quoted appear to be more or less the same as those from which DHB propose to raise finance.

    If you are privy to the complex financing issue details then obviously you must have a rough idea of the figures involved or the whole proposal is meaningless. The Peoples Port proposal stands or falls on whether the figures add up.

    Can you give me a rough idea of the following figures:

    (1) How much do you think the port is worth?

    (2) How much do you expect the Treasury to sell it for?

    (3) What percentage return would a global infrastructure fund, or other purchaser, expect to get for an investment of this magnitude?

    (4) What are the annual profits for the Port of Dover after all operating costs, maintenance and essential everyday construction works have been deducted?

    (5) What amount would you expect the Town of Dover to receive annually?

    I have my own idea of what these sums are and it would appear to me, with my non-existent financial acumen, that they do not add up. I have grave doubts that the annual profits for the Port of Dover give anything like a reasonable return for the full purchase price of the port, let alone that there would be anything left over for the Town of Dover. If that were to be the case then there can be nothing in this for the Town of Dover, which is what it is all about. I would welcome your expert financial viewpoint, with a considered estimate of the ballpark figures.

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