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B4RN – “Crowdfunding”!!!!!

According to a recent article in The Visitor, B4RN is proposing to raise £3m through what is being referred to as a “Crowdfunding initiative”. What they are in fact doing is selling bonds that will pay a 4.5 per cent gross interest per year for its seven-year term and the minimum investment is £50.

Photo courtesy of The Visitor

The article says “As a community benefit society, its profits are reinvested back into the community”. It also, however, points out that “As with all investments, capital is at risk and returns are not guaranteed.”

As I pointed out last December, B4RN has been trading since 2012, seven years this year. In that time they have never, not in any year, made a profit. Their losses up to March 2018 total £862,208.

The placing is being handled by, what I understand to be, a reputable Bank. But I am sure that the diligent people of Whittington will think long and carefully before joining the “Crowd”.

You can read the full article at this link: “The Visitor”

John Keegan

Dig Up Church Street

It beggars belief (in my opinion) that having resurfaced Church Street our County Council are now proposing digging it up again, They have just issued the following notice.

LANCASHIRE COUNTY COUNCIL
(CHURCH STREET, WHITTINGTON, LANCASTER CITY)
(TEMPORARY PROHIBITION OF THROUGH TRAFFIC) (No.2) ORDER 2019

NOTICE IS HEREBY GIVEN that Lancashire County Council intend to make an Order under Section 14(1) (a) of the Road Traffic Regulation Act 1984, as amended, the effect of which will be to temporarily prohibit traffic on the roads set out in this notice.

1. No person shall cause any motor vehicle to proceed over that length of Church Street, Whittington from its junction with Main Street to its Junction with Hosticle Lane.

2. The prohibition will be operative from 0700 hours to 1600 hours on Wednesday 13th March 2019 or until completion of the works within this period.

3. An alternative route for vehicular traffic affected by the closure is via:- Hutton Roof Road – into Cumbria – B6254 Robraine – B6254 Church Street to Robraine.

The temporary prohibition is necessary to allow utility works to be carried out.

Authority given for this Order to be made:

Michael White,
Network Regulation Manager
Lancashire Highway Services
0300 123 6701
[Ref: HRiT/16809/EF]

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