Blogmaster: Helpful comment, thank you. It’s not Clubs in general we’re talking about here remember, just the Federation. Individual (independent) Club can do what they like. The idea of placing a limit on the Federation’s reserves was primarily so that money wouldn’t become the tail that wags the dog – so that the Federation (or rather its Trustees) wouldn’t be tempted to get expansionist or megalomanic ideas and end up turning themselves into a ruling committee. The Federation’s excess monies (if they ever have any, which ideally they won’t because they will not seek to acquire them) could be used for good works in various ways. I personally would be content to leave that sort of detail to the Trustees. I see no need to get into too much detail; it’s the principles which are important, especially at this stage.

Blogmaster: The thinking behind this is that unnecessarily large reserves can become the tail which wags the dog. Two years operating costs is just an attempt to set what might be a reasonable maximum in order to avoid this risk. Since the Federation is planned to be a low cost operation which must not be allowed to try to turn itself into a ruling body, I think something like this is necessay. Have you got a better idea?