Taipan,
like the value of the Ff of 31 Dec. 1959 has been divided by 100 on 1 Jan. 1960
. to compare Ff year xx to Ff year yy
. to compare Ff year xx to Euros year yy or
. to compare Euros year xx to Ff year yy
you have to use this official calculator using: French ministry of finance, Banque de France, INSEE figures
http://inflation.free.fr/calcul.php
1,200,000 Ff end of 1940: 420,882 Euros end of 2005
1,200,000 Ff end of 1941: 358,341 Euros end of 2005
1,200,000 Ff end of 1944: 196,425 Euros end of 2005
(for an accountant having studied several available information or documents, the amount of the profit of the federation from 1934 to 1940 seems to be 900,000 Ff to 1,400,000 Ff)
and other huge problem
if the funds weren't in an interest bearing bank account -Persuant to the French Laws-:
1,200,000 Ff end of 1940 or 1941 or 1944 or 1952 or 1959: equals 12,000 Ff or 1,829.39 Euros end of 2005 or today !
Very important: The exchange value figures are in Ff of the 1st January 1960, not in the exchange value of the years before
http://fr.wikipedia.org/wiki/Livre_sterling
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An other main question: were the managers end of 1940 and in 1941 idiotic ?, Stupid ? : I think NO
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For the re-installment of the federation and clubs -mid Sept to end Oct. 1944- the funds didn't fallen from the sky !. From where they came ? : Like the majority of the clubs were in union with a huge majority of their own properties -1940 to 1944-, it is from the clubs and of ?
Nothing is fully White, Nothing is fully Black, Nothing is fully Blue, Nothing is fully Red, etc. etc.
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