Lord Louis Mountbatten said ...

[BlueSkyNick]

..... at the opening of Lymington Marina in 1968

the charges for a Marina berth at £7 per foot overall length per annum would, a few years ago, have sounded outrageous – perhaps they do to some today ? With space for moorings at a premium everywhere, the demand is such that it has only recently become economic to spend large sums of money on dredging and capital works to provide the sort of ideally convenient facilities in front of us today.

£7 pa per foot, eh? That'll be £280 for a 40 footer.... which sounds cheap, but how does it compare to £157/ft, the current rate, in today's money, I wonder.

He went on to say that

The days of mud flats, old punts as tenders and taking all day to prepare for sea in a leisurely fashion are, for the majority of yachtsmen, on the way out. The man who nowadays can afford a yacht is very well aware of all his costs and one excellent feature of Marina living is the potential increase in boat utilisation. Another point is that in the winter we often have more settled weather than at times during the summer. With the comforts of shore side electrical heating available, I can see people using their boats all the year round.

Right on some points, wrong on others, I'd say.

 

[Twister_Ken]

What was the Irish joke...

...What's white and flies over the sea?



































Mountbatten's plimsolls.

 

[BlueSkyNick]

There is a sicker one than that which I hope nobody quotes, as I was trying to start a sensible thread, for once !

 

[230K]

Hi

To the day i die i will never forget throwing stones into the water at Rosnowlagh pier as a 9 year old on holiday and one of the stones hitting the mast of a a large boat which i was later led to believe was Mountbatten's..

All the what ifs still to this day go through my mind.

230k

 

[jerrytug]

Glad he favoured greater utilisation of yachts,shame about his dandruff.

 

[RIB_imposter]

£7 pa per foot, eh? That'll be £280 for a 40 footer.... which sounds cheap, but how does it compare to £157/ft, the current rate, in today's money, I wonder.

,,,

Current data is only available till 2008. In 2008, £7 0s 0d from 1968 was worth:
£90.98 using the retail price index
£90.42 using the GDP deflator
£177.25 using the average earnings
£208.26 using the per capita GDP
£231.36 using the share of GDP

If you need help determining which result is most appropriate for you, see Choosing the Best Indicator to Measure Relative Worth.

 

[DJE]

Or looking at it another way the increase from £7 to £157 over 41 years is an average rate of growth of 7.9% pa.