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Revocation of Royal Charter
I know that the splitting of the society has been covered in other threads but I wondered if anybody had noticed the paragraph in last weeks PJ about the Royal Charter.
Firstly, I struggle to believe that in 2005 the RPSGB assets were valued at £5,246 MILLION - that by my calculations is £5.2 BILLION (I think) - probably the GDP of some small countries!!!
Secondly the last sentence reads:
Does this mean that if the society does end up splitting and the Royal Charter is revoked, that Mr Brown gets a delightful £5.2 Billion to aid his dwindling coffers???
This does seem slightly unfair to me, surely it should go back to the members?
Hmm, let me see £5,246,000,000 going 44,000 ways gives us members £119,227.27 each – I’m gonna pay off my mortgage, go part time, buy a new car, more holidays….
Ref:
1. Implications for the Society and its current Royal Charter. Pharmaceutical Journal 2007;278:207
Firstly, I struggle to believe that in 2005 the RPSGB assets were valued at £5,246 MILLION - that by my calculations is £5.2 BILLION (I think) - probably the GDP of some small countries!!!
Secondly the last sentence reads:
The Charter does not provide for distribution of assets if revocation is imposed externally, which means that they would become Crown property. 1
This does seem slightly unfair to me, surely it should go back to the members?
Hmm, let me see £5,246,000,000 going 44,000 ways gives us members £119,227.27 each – I’m gonna pay off my mortgage, go part time, buy a new car, more holidays….
Ref:
1. Implications for the Society and its current Royal Charter. Pharmaceutical Journal 2007;278:207
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