Financing plans in disarray.

Guernsey's public spending financing plans are in disarray.

The Treasury wanted money currently held in the Ports Holding Account to go into general revenue to help pay interest on public borrowing.

But Bernard Flouquet, the minister with his hand on the port cash, successfully fought off that proposal.

Now Deputy Parkinson will try another tack to prise money out of the fund. He'll propose a three million pounds a year dividend is paid to the Treasury from the account.

Parkinson will get he way....

Where does the money in the Port Holding account originate from ?

Landing fees, mooring fees etc

OK thanks. So is this surplus to the Port operating cost ? If so what would it be used for.