Agenda item

Report of the Chamberlain.

A report of the Chamberlain was considered which proposed an increase to the proportion of assets held as investments in order to maximise growth of the Bequest, whilst still being able to achieve its aims through the award of dowries.

RESOLVED – That,

1.    the purchase of City of London Charities Pool units such that the remaining cash balance of the Bequest at 1 April 2014 be between £750 and £800; and

2.    the Bequest’s holding of Charities Pool units be reviewed at three-yearly intervals hereafter, and the Chamberlain be authorised to sell units if the cash balance falls below £450 before the next review takes place.