Read Online Mightier Than the Sword by Jeffrey Archer - Free Book Online Page A
Authors: Jeffrey Archer
Ads: Link
so we can discuss it in greater detail at the next board meeting?”
“Good idea,” said Dobbs.
“I’m not against the idea,” said Emma, “but our finance director has come up with an alternative solution that some of you might find more attractive.” Emma nodded in the direction of Michael Carrick.
“Thank you, chairman. It’s quite simple really. If we were to go ahead with building a second ship, and take advantage of our repeat order option with Harland and Wolff within the specified contract period, we would avoid paying any corporation tax for the next four years.”
“There must be a catch,” said Knowles.
“Apparently not,” said Emma. “Any company can claim tax relief on a capital project, as long as it keeps to the price agreed in the original contract.”
“Why would the government agree to that, when their other proposed measures are so draconian?” asked Maynard.
“Because it helps to keep the unemployment figures down,” said Seb. “Which the Labour Party promised to do in their last manifesto.”
“Then I favor that solution,” said Dobbs. “But how much time is there before we have to decide whether or not to take up Harland and Wolff’s offer?”
“Just over five months,” said Carrick.
“More than enough time to come to a decision,” said Maynard.
“But that doesn’t solve the fifty-pounds restriction on our passengers,” said Anscott.
Seb couldn’t resist a smile. “Uncle Giles pointed out to me that there’s nothing to stop a passenger cashing a check while on board.”
“But we don’t have any banking facilities on the Buckingham,” Dobbs reminded him.
“Farthings would be only too happy to open an onboard branch,” said Seb.
“Then I suggest,” said Anscott, “that such a proposal also be included in Mr. Clifton’s report, and any recommendations should be circulated to all board members before the next meeting.”
“Agreed,” said Emma. “So all we have to decide now is when that meeting will be.”
As usual, some considerable time was spent selecting a date that was convenient for all the board members.
“And let us hope,” said Emma, “that by the time we next meet, the Home Fleet incident will be nothing more than folklore. Any other business?” she asked, looking around the table.
“Yes, chairman,” said Knowles. “You asked us to suggest possible candidates for the other vacant position on the board.”
“Who do you have in mind?”
“Desmond Mellor.”
“The man who founded the Bristol Bus company?”
“The same, but he sold out to National Buses last year. Made a handsome profit, and now finds himself with time on his hands.”
“And considerable knowledge of the transport business,” chipped in Anscott, revealing that he and Knowles were working in tandem.
“Then why don’t I invite Mr. Mellor to come in and see me some time next week,” said Emma, before either man could put it to a vote.
Knowles reluctantly agreed.
When the meeting broke up, Emma was delighted to see how many directors went over to Sebastian and welcomed him to the board. So much so, that it was some time before she was able to have a private word with her son.
“Your plan worked perfectly,” she whispered.
“Yes, but it was pretty obvious that your idea was more palatable to the majority of the board than mine. But I’m still not convinced, Mother, that we should risk such a large capital outlay on building another ship. If the financial outlook for Britain is as bad as Uncle Giles is suggesting, we could be stuck with two turkeys next Christmas. And if that’s the case, it will be the board of Barrington’s who are stuffed.”
6
“H OW KIND OF YOU to find the time to see me, Mr. Clifton,” said the cabinet secretary, ushering Harry to a seat at the small oval table in the center of the room, “especially remembering how busy you are.”
Harry would have laughed if he hadn’t been sitting in No.10 Downing Street
“Good idea,” said Dobbs.
“I’m not against the idea,” said Emma, “but our finance director has come up with an alternative solution that some of you might find more attractive.” Emma nodded in the direction of Michael Carrick.
“Thank you, chairman. It’s quite simple really. If we were to go ahead with building a second ship, and take advantage of our repeat order option with Harland and Wolff within the specified contract period, we would avoid paying any corporation tax for the next four years.”
“There must be a catch,” said Knowles.
“Apparently not,” said Emma. “Any company can claim tax relief on a capital project, as long as it keeps to the price agreed in the original contract.”
“Why would the government agree to that, when their other proposed measures are so draconian?” asked Maynard.
“Because it helps to keep the unemployment figures down,” said Seb. “Which the Labour Party promised to do in their last manifesto.”
“Then I favor that solution,” said Dobbs. “But how much time is there before we have to decide whether or not to take up Harland and Wolff’s offer?”
“Just over five months,” said Carrick.
“More than enough time to come to a decision,” said Maynard.
“But that doesn’t solve the fifty-pounds restriction on our passengers,” said Anscott.
Seb couldn’t resist a smile. “Uncle Giles pointed out to me that there’s nothing to stop a passenger cashing a check while on board.”
“But we don’t have any banking facilities on the Buckingham,” Dobbs reminded him.
“Farthings would be only too happy to open an onboard branch,” said Seb.
“Then I suggest,” said Anscott, “that such a proposal also be included in Mr. Clifton’s report, and any recommendations should be circulated to all board members before the next meeting.”
“Agreed,” said Emma. “So all we have to decide now is when that meeting will be.”
As usual, some considerable time was spent selecting a date that was convenient for all the board members.
“And let us hope,” said Emma, “that by the time we next meet, the Home Fleet incident will be nothing more than folklore. Any other business?” she asked, looking around the table.
“Yes, chairman,” said Knowles. “You asked us to suggest possible candidates for the other vacant position on the board.”
“Who do you have in mind?”
“Desmond Mellor.”
“The man who founded the Bristol Bus company?”
“The same, but he sold out to National Buses last year. Made a handsome profit, and now finds himself with time on his hands.”
“And considerable knowledge of the transport business,” chipped in Anscott, revealing that he and Knowles were working in tandem.
“Then why don’t I invite Mr. Mellor to come in and see me some time next week,” said Emma, before either man could put it to a vote.
Knowles reluctantly agreed.
When the meeting broke up, Emma was delighted to see how many directors went over to Sebastian and welcomed him to the board. So much so, that it was some time before she was able to have a private word with her son.
“Your plan worked perfectly,” she whispered.
“Yes, but it was pretty obvious that your idea was more palatable to the majority of the board than mine. But I’m still not convinced, Mother, that we should risk such a large capital outlay on building another ship. If the financial outlook for Britain is as bad as Uncle Giles is suggesting, we could be stuck with two turkeys next Christmas. And if that’s the case, it will be the board of Barrington’s who are stuffed.”
6
“H OW KIND OF YOU to find the time to see me, Mr. Clifton,” said the cabinet secretary, ushering Harry to a seat at the small oval table in the center of the room, “especially remembering how busy you are.”
Harry would have laughed if he hadn’t been sitting in No.10 Downing Street
Similar Books
