SUBSCRIPTION DODGING by members is costing the ICE thousands of pounds every year, according to finance director Ian Powney.
Subscriptions for 2001 were due on 1 January, but six months later more than 11,000 members have yet to pay, leaving the Institution funds ú1.2M ($1.7M) short.
Subscriptions account for over 90% of the Institution's income and delays in payment hit hard, said Powney.
The annual administrative cost of chasing these funds is upwards of $110,000, says Powney. He urged members with outstanding subscriptions to pay up. 'This money is vital to providing services for members, ' he said.
The ICE is able to expel members who refuse to pay their subscriptions, but Powney said this was a tactic of last resort and would only be applied if gentle persuasion failed.
The ICE will put pressure on members with outstanding subscriptions by blocking benefits.