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February 28, 2005 Sinn Féin "in the red" Another interesting report in the Irish Times, Sinn Féin in the red for the first time in years. According to Sinn Féin's Finance Director, Dessie Mackin The party's accounts for the year 2004 will be published in April and will show that it is "in the red for about €400,000" - that's the party's head office accounts, which for 2003 showed a surplus of €271,358, and for 2002 recorded a surplus of €188,639. Some detail of SF's Head Office accounts, and official assets, are given - Mr Mackin said the party owns numbers 44 and 58 Parnell Square, Dublin, and 51, Falls Road. Its accounts give a value of €1.88 million to these buildings. Number 58 Parnell Square was bought in 1984 for Ir£47,000. Additionally local cumainn's accounts are not included in the head office accounts - Local cumainn also raise finance and own or rent property, and their finances are not included in the head office accounts. Most properties owned have mortgages against them. The article finishes with some details of Mr Mackin's own business dealings - Mr Mackin, a native of Belfast, was joint Sinn Féin national treasurer with the late Joe Cahill for 10 years up to about four years ago, when the party established the position of finance director. No doubt some wag will ask whether these figures include all recent transactions.. and, according to the Electoral Commission, with representation in either Westminster, the NI Assembly or the European Parliament, a political party is required to have an accounting year of 1 January to 31 December. But the cynic in me has to note the fact that in a 2003 High Court judgement, in SF's failed appeal against the refusal of an Electoral Commission policy development grant, specific mention was made of the fact that "there was no suggestion that Sinn Fein was so lacking in financial resources that its failure to receive the grant would prevent it from imparting information or ideas, or from developing policies for electioneering".. hmmm.. Will that decision now face a renewed legal challenge? Maybe that's why the 'Ra had to go out and rob a few banks?
Posted by: Young Fogey *ahem* "No doubt some wag will ask whether these figures include all recent transactions.."
Posted by: peteb Fantasy stuff. A bit like the prince Charles' 'voluntary' tax returns.
Posted by: Ringo I'm sure selling badges of people who starved themselves to death raises them plenty of money for SF. Maybe that's why the army council (apparently) let them die by rejecting british offers of a deal.
Posted by: El Matador A clear case of Off Balance Sheet Financing if there ever was one!
Posted by: smcgiff El Matador its this type of snide remark and innuendo that has left your party in the political wilderness.
Posted by: J Kelly El Matador, Is that all you have to say? I do remember this quote about the SDLP from a tape made by the prisoners which I came across once and which was requoted by Anthony McIntyre: 'This party should now be recognised for what it is, an amalgamation of middle class Redmondites, devoid of principle, direction and courage. This party is spineless and weak and is very capable of selling out to unionist intimidators for imperialist perks. Their whole leadership combined do not possess a fraction of the moral fibre demonstrated so valiantly by our comrades'. SDLP obviously haven't moved on much in 24 years.
Posted by: George devoid of principle surely their rejection of violence as a means to attain their political goals counts as a principle? In most societies it mightn't be remarkable - but it wasn't necessarily the choice of all the parties around them.
Posted by: Ringo What has the SDLP done about the lack of rejection of violence by others?
Posted by: Belfast Gonzo Sinn Fein in the >>>RED RED............... RED........... REAL RED........... AS IN REDDER THAN PINK.......... STRONGER THAN ORANGE............. PETE ME THINKS YOUR HAVIN' A LAUGH WITH THAT POST
Posted by: The Devil Now, now, Mr D. It is a direct quote from the article and, in fact, a quote from SF's own Finance Director.
Posted by: peteb Its like watching a building burn down.
Posted by: aquifer The insurance on the Falls Road place must be fierce altogether - I hope they have an effective security firm looking after it.
Posted by: Hardy Handshake Belfast Gonzo- led by example?
Posted by: Ringo Post a comment
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