SV thinks that if you miss the renewal boat the it's tough shit regardless of the reduction, be it £152 or £1.52. One gets a date and then if one misses it one can go and micturate up a halliard. One only has one's self to blame.
One can argue about the principle, but essentially the principle is that there are two sorts of people in this world.
Those who get organised and meet deadlines, and those who don't. One doesn't negotiate with the housemaster when one's prep is late. One accepts the detention like a proper English gentleman and one does one's lines, or at least get one's
fag to do one's lines while one practices the forward defensive with Chuffington Major and Snipe-Warthmondleigh Minor.