ICE MEMBERS should be encouraged to upgrade to become Fellows, Council was told during discussion of the financial report.
Figures for the year showed that despite the 3.8% rise in subscription rates over the previous year the Institutions income for 1997 had only risen 2.6%, a shortfall of some 100,000 on that anticipated. Increasing the take-up of Fellowship would go some way to maintaining income, it was suggested.
There are 6,000 Fellows. The (Fellowship) panel feel that the number should be doubled and a policy developed, said Panel chairman Terry Mulroy.
Professor Roger Duffell posed the question: What are the benefits of being a Fellow? This was answered by Mike Casebourne as: Recognition by your peers in the market place. Casebourne suggested that Members who were of suitable stature within the profession should be invited to apply.
Context of the discussion was that the ICE has resolved to fund day to day activities out of subscription income. Cash generated by the commercial arm, Thomas Telford Limited, is dedicated for use in building up funds on deposit to build a six month reserve and cope with one-off expenditures such as modernisation of ICEs headquarters.