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Is the Australian Federal Government helping to pay for Ascot Vale?

Discussion in 'Australia & New Zealand' started by mate, Dec 3, 2009.

  1. mate

    mate Patron Meritorious

    http://www.heraldsun.com.au/news/me...l-stimulus-money/story-e6frf7jo-1225806364542

    It has been estimated that the school’s current enrolment is somewhere between 17 and 30 pupils.

    As stated elsewhere, a mortgage was taken out by the board of the school for some $1,000,000 which was given to the Ideal Org Fund in Melbourne for the purchase of the Ascot Vale property. Apparently the school board had received pledges from three scientologists, who are now, no longer scientologists. While the interest rate is unknown, it is probably in the order of 8% if not greater. This means that interest payments would be accruing at something like $80,000 per annum, which is well in excess of the total fees received for the pupils, which I suspect, would be less than half this amount, which would have to cover all their running costs as well.

    So where is the balance of this $80,000 coming from? They wouldn’t be using their federal aid of $340,000 over four years, surely. If they were, this would mean that the Federal Government is effectively paying for a substantial part of the Ascot Vale property for the Church of Scientology, and I don’t think that such would have been the intention of this aid.

    Just a thought.

    David.
     
  2. Panda Termint

    Panda Termint Cabal Of One

    A thought well worth investigating. :)
     
  3. Carmel

    Carmel Crusader

    All the scoop on this (along with docs backing it up, which Scooter can provide), have already been forwarded to those who need the info. :)
     
  4. Doom

    Doom Lurking.

    OH YEAH, more footbullets.
    [​IMG]
     
  5. mate

    mate Patron Meritorious

    I said before that you are a gem and what have have achieved, was amazing. You have now surpassed that. You are, without doubt, right on top of every aspect of the whole operation. Absolutely brilliant.... and you still have time to do interviews!!! Remind me never to become an adversary or opponent. Now, if you need a personal manager ........

    Regards, David.

     
  6. Aerial

    Aerial Patron with Honors


    Yes, she certainly is a gem (you are too) and hats off to Scooter as well

    :clap: :clap: :clap:

    You people are amazing