> On Feb 20, 7:52 am, Carl carldouglas.co.uk> wrote:
>

>>Teaplant wrote:
>>

>>>>They would be acting outside of their fiduciary duty if they allowed a loss
>>>>making business to absorb funds which should be used for charitable purposes
>>>>(i.e. education). Even Eton College has to comply with Charities Act.

>>

>>>Or put another way, it would be an abuse of charitable status to make
>>>a loss since it means that ERB were knowingly not charging enough for
>>>its products/services. This constitutes an unfair price advantage
>>>against those companies that *have* to make a profit to pay its staff
>>>and overheads. Eton College has certain financial privileges on
>>>account of its charitable status and therefore it cannot offset these
>>>against the production costs of Eric's boats to allow him to undercut
>>>his competitors (intentionally or not).

>>

>>>Its very sad but he seemed to get caught in the doldrums between the
>>>durable-club-boat market and the top-end-uber-boat market. Fighting on ...