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LAW SOCIETY
PRELIMINARY
SOLICITORS
EXAMINATION 1988
SHORT INTENSIVE COURSE
Tel. Nerys Ryan 894026
(4-7.30 p.m.)
CORRESPONDENCE
The Editor,
Gazette,
Law Society, Blackhall Place, Dublin 2.
8.2.1988
Dear Sir,
In your edition vol. 18, no. 10 for December 1987, on page 316, I am
referred to as having made some observations at the Society's A.G.M.
on 12th November last. However I am only quoted in part and the
incompleteness takes from the point made by me. To start with, I said
the 2 4% rise in expenditure was for 1986 (the accounting year in
question) as against the basis year 1984, and was a rise for a two-year
period only and was a rise three times in excess of the national inflation
rate for the same period. No reference was made to my statemment that
the Society's return on capital employed went from 3.6% in 1984 to 1.7%
in 1985 to 0 . 3% in 1986 and this was an eleven-times decrease for 1986
on the 1984 figure. I stated strongly that this decelerating return coupled
w i th the increasing expenditure at three times the inflation rate
represented an alarming financial situation for the Society, and I
demanded, as a member of over 12 years, that the 1988 budget should
have a targeted 5% reduction in expenditure w i th pegged membership
and registration charges.
I never dealt w i th the membership subscription revenue at all but I did
advert to practising cert, fee revenue in terms of the average per capita
charge obtained by dividing the total practising cert, revenue per year
by the number of certs, issued. For 1984 this came to £210, for 1985,
£230, and for 1986, £250. This represented an increase in this average
figure in excess of inflation for each of the t wo years and without making
any allowance for the annually increasing number of certs, issued.
I hope, as a matter of fair play, that you will publish this letter in your
next issue to remedy the omissions.
Yours faithfully,
BRENDAN GARVAN,
Solicitor,
36 Wicklow St., Dublin 2.
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