Ajibade, Tayo wrote:
> Don't know how John can be certain there will be less money
> collected. Even if this is the case, the subscriptions will start to
> be collected in a more predictable way.
>
> If membership renewal becomes automated, the finance stream will be
> more stable, i.e. direct debit payments and renewal being automatic
> if you were a member the year before and a payment authority has been
> set up. This will mean less of a deficit while waiting for someone to
> renew.
>
> Money is spent on reminders and sending material to lapsed members
> while waiting for unpaid subscriptions. This means that at the moment
> money is spent each year providing services and/or reminders to renew
> for individuals who may not have paid their membership dues and
> indeed in the end may decide not renew.
I was confining my comment to 2005. As the Option 1 rates are less than
those of Option 2 (the existing system increased in line with inflation),
there cannot possibly be more money collected. The best that can be hoped
for is that the reduced sum is collected quickly - and there is no guarantee
of that.
John Briggs
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