nkf reserves, 4.5, 7 or 30 years
this is getting to be very exasperating. it was 3 years before the court case. during the court case it became 30 years. a week ago it was 4.5 years or 7 years. today a forumer in the straits times, cheong wing lee, worked it out to be 26 years. cheong's figure is based on an annual expenditure of $19.6 mil against an interest income of $7.8 mil from the $206 mil in reserve plus a govt grant of $4 mil. this gives an annual shortfall of $7.8 mil. $206 divide by $7.8 will give 26 years. then there is the monthly donation of $1.7 mil which gives a total of $20.4 mil a year. this alone should be more than enough for the 19.6 mil expenditure, without having to touch the $7.8 mil. assuming that nkf did not go an an expansion drive to build more facilities, the $206 mil can last forever. and the $7.8 mil interest will actually be a surplus! now which is which? can all the experts and finance people please tell us what is the correct number? the public deserves the truth. or can the newspaper get someone to do some investigative reporting and explain to the public, once and for all, what is the true number?