Government and Administration, no more secrets say the people.

[boatyboy]

I would not be surprised, if the full register is not on line in a week. This will indeed and excuse the expression, put two fingers up to Jerseys secret loving States members.

Is there not something wrong when the Jersey Government especially the CoM are against the Freedom of Information law being made legal ?Is there not something wrong when passed ( probably through the ensuing public outcry ) it will take until 2015 to enact ?


Today.

THE register of States Members’ property and business holdings will be published, but not until after the elections.

Members agreed this week to publish the register online, which records brief details of the assets of politicians and their partners, but that it should not happen until the next ‘class’ of States Members is sworn in from December.

At the moment, anyone can inspect the register in the States bookshop in Morier House, but it has not been published online.

The register was set up in 2005 and has been published by the JEP – but the law prohibits the States Greffe from putting it on the internet.

http://www.thisisjersey.com/2011/06/13/politicians-agree-to-publish-interests/

2004

POLITICIANS have backed a ‘charter for corruption’ by failing to make it an offence to deliberately omit their business interests from the register of Members’ interests, claims Senator Stuart Syvret.

Members voted by 27 to 19 to reject proposals from the Senator that would have made it a crime for a politician to deliberately not declare an interest.
And Senator Syvret contends that the decision will lead the public to have an ‘even lower opinion of their elected representatives than they do now’.
‘This means any corruption can continue unabated and the penalty will be nothing more than a slap on the wrist.

Article posted on 17th November, 2004

www.thisisjersey.com/2004/11/17/states-vote-for-right-to-keep-interests-secret/

----------------------------------------------
Article posted on 16th July, 2004 Senator Ozouf.

The panel, chaired by Deputy Robert Duhamel, were not happy to accept the Senator’s contentions and repeatedly asked him why he had not declared the family interest in his entries on the official register of States Members’ interests.

www.thisisjersey.com/2004/07/16/senators-silence-comes-under-fire/
------------------------------------

Article posted on 21st April, 2006 (Proposer admits interest after debate).

Earlier this month the States debated a proposition from Deputy Fox about service level agreements for the UK and France ferry routes.

At the end of the debate Deputies Fox and Andrew Lewis declared that they had an interest because they owned property in France, but the remaining six Members with property in France

WWW.thisisjersey.com/2006/04/21/states-members-keep-quiet-over-debate-interests/or the UK did not do so.
-------------------------------

WEB board gets slap on the wrist

Article posted on 1st July, 2008

THE directors of the Waterfront Enterprise Board have been criticised for not declaring their interests, according to an independent report released today.

www.thisisjersey.com/2008/07/01/web-board-gets-slap-on-the-wrist/

---------------------------------

It is easy to understand why Stuart Syvrets proposition was not supported.

BB

[Chevalier Blanc]

Look Al Capone did not tell the government all they should know so why do you expect the mob of the CoM to be any different!

[boatyboy]

Sorry I wrote,

I would not be surprised, if the full register is not on line in a week.

It should have read,

I would not be surprised, if the full register is on line in a week.

However I think some off you would have known this already.

BB

[boatyboy]

Not appearing on CTV,BBC or in the  JeP but of course at the speed of light on a local blog.

 what  a strange kettle of fish the BDO Alto financial report  into DCO Lenny Harper has turned out to be. You may be well up to date after reading the deep and  revealing details so far on Rico Sorda’s blog  but there is now to be a scrutiny sub Committee enquiry  into the controversy surrounding the BDO Alto report, which cost in the region of £48,000 and was commissioned by Senator Le Marquand home affairs minister. Some have suggested it is an effort (again using taxpayers money ) to dig the dirt on the main investigator’s  spending,  regarding  the HdlG investigation.

Two other States reports  by BDO Alto Jersey,  clearly show them liasing with all parties involved. One of the questions scrutiny will be asking is why they did  not  interview the focus of the report Mr Harper ? Was this part of the TOR  (terms of reference) if so who wrote them, and did the home affairs minister have input as is normal practice ?     

SCRUTINY
PRESS RELEASE
23 June 2011
Education and Home Affairs Panel
Review of the Inquiry into the financial probity of
the Haut De La Garenne Police Investigation

. http://ricosorda.blogspot.com/2011/06/hollywood-harper-bdo-alto-13.html

BB

[rogueelement]

Disgruntled sacked cops moan and whinge quite a lot , fabulous information er, not

[boatyboy]

What a clear signal that  CM Le Suer, Treasury Minister Ozouf et al have managed Jersey's finances so badly that this small island holds funds for obviously other people and corporations of £196 Billion pounds and yet the low and middle incomes of islanders are being financially squeezed with the States taking more and more money from us, giving us all less spending power in our pocket or purse and by default less quality of life.   

JEP

Published  15/09/2011 ( highest level for two years 196.7 Billion)

THE value of funds administered in Jersey rose to its highest level for two years in the second quarter of this year.

The value of funds under administration increased by 4.2 per cent, performance which Geoff Cook, the chief executive of Jersey Finance Ltd, sees as a sign that the Island’s financial services industry is achieving healthy results and stability in spite of the persistently volatile global environment.

In absolute terms, the value of funds increased to £196.7 billion, a 10.5 per cent year-on-year increase.

End.

http://www.thisisjersey.com/2011/09/15/registered-funds-value-hits-two-year-high/

So Article published on 19th June, 2009 - 3.00pm ( to £215.1 Billion )


The net asset value of funds under administration decreased by £26 billion to £215.1 billion over the quarter and the total number of funds fell by 59. Company registrations were down by 24.4 per cent compared to the same period last year.

End of Quote

http://www.thisisjersey.com/2009/06/19/funds-sector-shows-resilience/

You would think that with well paid spin doctors working at taxpayers expense they could at least get the figures right. The accountants amongst you will have noted that assets can go up / down over a quarter by  £26 billion guess what, we have not had another quarter when this was published, which would end at the end of September 2011 - to add or deduct the figure any figure.
So clearly the figure quoted is less than 2 years ago is higher ……………..than the figure quoted now which means the article is just spin again from the JEP and JFSC can any figures be trusted..

So this Dompycat turns up and seems to know what he is talking about and puts his pennyworth in blog form. I thought though to be fair, that most markets were suffering ?

Dompycat

World markets on average increase by nearly 30% in the year to June 30, 2011 which I assume is the date being used by Mr Cook based on the final sentence of the article. If assets therefore only increased by 10%, it is safe to assume that Jersey actually lost a significant amount of business last year in actual cashflow terms.

Mr Cook should be worried and concerned by this data not lauding it in public.
$197bn is also a pathetic amount of assets given the size of global markets. Based on our good friend Wiki, global assets under management are estimated to be $60trillion. On this basis, Jersey’s market share of the administration (ie Low margin grunt work) is 0.0005%.
I think a little less self congratulating and back patting and more kicks up the backside are in order.

BB.

[Calimachon]

What a clear signal that  CM Le Suer, Treasury Minister Ozouf et al have managed Jersey's finances so badly that this small island holds funds for obviously other people and corporations of £196 Billion pounds and yet the low and middle incomes of islanders are being financially squeezed with the States taking more and more money from us, giving us all less spending power in our pocket or purse and by default less quality of life.   

JEP

Published  15/09/2011 ( highest level for two years 196.7 Billion)

THE value of funds administered in Jersey rose to its highest level for two years in the second quarter of this year.

The value of funds under administration increased by 4.2 per cent, performance which Geoff Cook, the chief executive of Jersey Finance Ltd, sees as a sign that the Island’s financial services industry is achieving healthy results and stability in spite of the persistently volatile global environment.

In absolute terms, the value of funds increased to £196.7 billion, a 10.5 per cent year-on-year increase.

End.

http://www.thisisjersey.com/2011/09/15/registered-funds-value-hits-two-year-high/

So Article published on 19th June, 2009 - 3.00pm ( to £215.1 Billion )


The net asset value of funds under administration decreased by £26 billion to £215.1 billion over the quarter and the total number of funds fell by 59. Company registrations were down by 24.4 per cent compared to the same period last year.

End of Quote

http://www.thisisjersey.com/2009/06/19/funds-sector-shows-resilience/

You would think that with well paid spin doctors working at taxpayers expense they could at least get the figures right. The accountants amongst you will have noted that assets can go up / down over a quarter by  £26 billion guess what, we have not had another quarter when this was published, which would end at the end of September 2011 - to add or deduct the figure any figure.
So clearly the figure quoted is less than 2 years ago is higher ……………..than the figure quoted now which means the article is just spin again from the JEP and JFSC can any figures be trusted..

So this Dompycat turns up and seems to know what he is talking about and puts his pennyworth in blog form. I thought though to be fair, that most markets were suffering ?

Dompycat

World markets on average increase by nearly 30% in the year to June 30, 2011 which I assume is the date being used by Mr Cook based on the final sentence of the article. If assets therefore only increased by 10%, it is safe to assume that Jersey actually lost a significant amount of business last year in actual cashflow terms.

Mr Cook should be worried and concerned by this data not lauding it in public.
$197bn is also a pathetic amount of assets given the size of global markets. Based on our good friend Wiki, global assets under management are estimated to be $60trillion. On this basis, Jersey’s market share of the administration (ie Low margin grunt work) is 0.0005%.
I think a little less self congratulating and back patting and more kicks up the backside are in order.

BB.

It is a false hope that if you pander (The Government) to people (Finance) who have money that some of it will rub of onto you!  How did most of these people collect such collosal amounts, probably by being tight and mean-fisted in the first place.  I have a friend  who thought she had won the lottery.  In fact, what she had done was attract a suitor who was a millionaire.  She found out after she married him that he would not give her any money.  She was trapped in a gilded cage.  Sound familiar.

  Cali

[Fritz]

So your friend married for money?

Says more about your friend than it does about ,"The Suitor she attracted".

[Calimachon]

So your friend married for money?

Says more about your friend than it does about ,"The Suitor she attracted".

Yes Fritz but doesn't the analogy sound familiar?  Is not the States bound to a mean and tight-fisted partner = Finance!

Don't worry about my friend, she managed a good divorce settlement and yes!  It does say more about her but she wouldn't take my advice at the time - Love is blind you see!


Ye makes yer bed and yer lies on it I say.

Cali thanks the Lord everyday that he gave her a pretty comfy bed to lie on.