Agenda item

To agree the public minutes and summary of the meeting held on 17 October 2014.

RESOLVED – That the minutes of the meeting held on 17 October 2014 be approved as a correct record, subject to the apologies of Nicholas Bensted-Smith being noted.

Matters Arising

Bursary Fund – 2013/14 Report and Financial Statements The Deputy Chairman referred to her query at the previous meeting concerning the apparent low rate of return on investments and she reported that she had discovered that the figure of 3.78% related to the dividend yield and the total return was, in fact, 11.7%.