|There would have been tax considerations if Madge had just handed over her shares.|
|no, bad idea - agressive take over bid from a disgruntled former chaletian who had been secretly obtianing shares from whereever she could!|
|Hmmmm ... interesting question.
Re - Mlle Lepattre
I seem to recall that Mademoiselle Lepattre said that she didn't want anything out of the school except for Simone and Renee's education. I've always assumed that this meant she didn't receive a salary, however she must have had some money, even if it was just to buy incidental things like stamps or to pay her train fares when she returned to Paris to visit her family? Presumably she wasn't independently wealthy since she wanted the Lecoutiers education in return for working at school, so perhaps it meant she didn't want anything out of the school in the way of dividends?
I think Mademoiselle did receive some earnings from the company. I seem to remember a vague mention in one of the Tyrol books about a small, steady income was paid to the partners ...
are orphans, with a sister twelve years younger than ourselves to be
responsible for . . . Between us we seem to have some fairly decent
furniture, this house, and three thousand pounds in East India Stock at
four per cent.—or something over a hundred pounds a year.’
‘Twenty over,’ interjected Dick.
‘We can’t live on that in England,’ she went on, unheeding the interruption.
|Seven years ago the Chalet School had been started by Madge Bettany - now Mrs Russell - with only eight pupils. During the years, it had grown till it numbered some hundred and sixty girls, and not only paid for itself, but provided a steady if small income for its two partners. Naturally, such a school cost much to keep going and up to date.|
Hilda, what will Mademoiselle do? We all know here that she has nothing
but what she earns. And then, she has helped her cousins, the
'We needn't trouble about that, said Miss Annersley. 'The Russells will see that she does not want. And as for the Lecoutiers, Simone will, in two years' time, have finished her course at the Sorbonne, and come here to teach. Renee's education is secured here, of course; and when she is sixteen, she is to go to the Paris Conservatoire for training. Her music is very good. And then Mrs Russell suggests that Monsieur and Madame Lecoutier should take one of those large, chalets they are building on the Sonnalpe and let rooms to visitors. They would be near Mademoiselle - and Simone, when she returns. And there is much need for pensions up there, as you know.'
'That's like Madame,' said Miss Edwards thoughtfully. 'Yes; that would certainly seem to solve all difficulties so far as Mademoiselle and the Lecoutiers are concerned-‘
Interesting. At the start of that 'we' refers to Dick and Madge as the responsible people. By the end it's 'we', meaning Madge and Joey who can't live off £120. Rather implies Dick won't be needing the money - perhaps as he is seen to be more capable than Madge of earning.
|I imagine that the Russells/San paid for her once she was ill. Or perhaps she had savings as she wouldn't have had much to spend her money on at the Tiernsee. Not that I imagine they were paid that much and medical care would eat money. I reckon the Russells would have seen it as their job to look after her.|
|Dick seems to have no trouble a few years later supporting a wife and four children on his salary, though, although maybe he is getting some of the revenue from the school.|
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