Wednesday, 30 October 2019

CARLOWAY ESTATE TRUST - STATISTICS (22)

At this point in time,  and since we have nothing better to do,  let's take a quick look at Carloway Estate Trust statistics.

The lands were formally transferred from Carloway Estates Ltd to Carloway Estate Trust on 01 May 2015.  The ballot for the buy-out had taken place some time previously.

Of those who voted,  75% were in favour of the buy-out while a very substantial minority of 25% were against.  Translated into figures rather than percentages,  254 individuals were for the buy-out while 86 were against.  A total of 340 people voted.

The more worrying figure was the very large number of people who did not vote at all.  A total of 503 individuals were entitled to vote but only 67% did so.  That is the most concerning statistic of all.  It means that of the 503 individuals entitled to vote,  only 254 voted for the buy-out or,  in other words, only 50% of the population were in favour.

That,  in our view,  was never a proper basis on which to proceed to buy-out.  However,  big egos mattered much more than cautious common sense and we have been paying the price ever since.  

We truly have been sold a pup and - we know it.  The unfortunate part is that those responsible refuse to acknowledge it.




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