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But we do wonder if this is fair: by the same argument, should not local authorities be repaid any surpluses?
As a social enterprise, the new organisation will be able to use any surpluses to fund further service improvements or invest in other community facilities.
The recent revelation in a letter from health minister Earl Howe to Lord Haskel that Circle shareholders will have first call of £2m annually on any surpluses raises serious questions about the terms of the contract.
The government is under pressure to make clear that any surpluses from the insurance scheme will be spent on providing incentives to make houses more resilient to floods, but it is resisting the proposal.
The favourable financial position of the late 15th century derived from trade in slaves, gold, and spices did not long survive into the 16th century, when the expenses of maintaining far-flung and unproductive foreign stations and the depredations of pirates quickly absorbed any surpluses.
The editorial board of The Philadelphia Inquirer, which circulates in the southern third of New Jersey, endorsed Mr. Franks today, noting his "deep experience" and calling him "a smart, articulate, moderate lawmaker who would chart a sane path for using any surpluses: Don't risk huge tax cuts, pay down the federal debt, invest in children and entitlements, do some targeted tax relief".
Similar(46)
Any surplus powder can be reused.
We don't have any surplus".
Any surplus breeze coke becomes industrial boiler fuel.
If required trim any surplus sealant with a sharp knife.
The true size of any surplus is debatable.
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