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Although the reason for writing this page is to achieve some sort of catharsis, I would have no objections at all to receiving any 'offerings' from the Isle of Man towards partially re-establishing my financial position.

Statement

Isle of Mann This is a statement of my grievance against the Isle of Mann government.

In 1975 I bought two sets of I.O.M. platinum coinage for £ 1175. When I was forced to sell them in 1990, all I received was 1300 pounds.

Letter from me

Dear Mr. Craig,

Having heard your "appearance" on Radio 2 this week, I wonder whether you are in a position to answer a query I have about the IOM's coinage policy.

In 1975, when I was 21 years old and inflation was running at 25%, I invested 1200 pounds in IOM platinum coinage. This was directly as a result of a Granada TV program in which it was said that the investment would "grow and grow".

In 1989, I had to sell the coinage because of a desperate financial situation but was greatly aggrieved to receive an amount in the region of 1300 pounds, when I was naively expecting around 5000 pounds on the assumption that would at least approximately have kept up with inflation

The dealers that I dealt with effectively told me that this coinage was recognized as a total waste of time right from the beginning. Would you be in a position to comment on this belief ? I feel that I have been taken advantage of when I was young and "impressionable" and lost a considerable amount of money into the bargain.

I cannot possibly believe, given the virtually non-existant return on this "investment", that the Isle of Mann Government were unaware of the situation right from the very beginning.

Letter from Stuart Craig, Isle of Man Treasury

Letter from Isle of Man Treasury

Isle of Mann

Letter from me

The interest rate on this investment is around 1% per annum - is this what you call even the most solid investment ?

Isle of Mann

Letter from Stuart Craig, Isle of Man Treasury

Letter from Isle of Man Treasury
Isle of Mann

Pertinent Statement from Private Eye, which could have some relevance here also

Pertinent Statement from Private Eye