Agenda item

Report of the Chamberlain.

The Board received the monthly review from March 2014, which detailed the list of current investments. Members considered the report and, in response to questions, the Chamberlain reported that investments were not placed in financial institutions with a Fitch credit rating (or equivalent) of less than A. The acceptance of building societies was based on the financial strength of their balance sheet. 

RESOLVED – That the report be noted.