Exposure to Icelandic Banks

Dear Mr Brown,

Thank you for your request received yesterday in relation to the above.

I have spoken with our finance team and they have confirmed that we have
no money deposited in any Icelandic Bank. With regard to question 3, we
do spread the risk of our investments to avoid the issue of a bank
collapsing. Lastly, we publish the details of our investments on a
monthly basis as part of our budget monitoring process and if you were to
search our site you would find the documents. As a public authority, we
have a Publication Scheme that contains the details of what information we
routinely publish. In the future, please search the Scheme for the
desired information and, if you are unable to find the information you
want, then you can make a request in writing to the authority. In this
particular request the latest investment information is contained in
Appendix 5 of the Revenue & Capital Budget Monitoring to end of August
2008. The link below will take you directly to the appendix:

[1]http://www.weymouth.gov.uk/docstore/demd...

I hope this is of use to you and if there is any other information you
require, please do contact us.

David Sinclair

Records Manager

Weymouth & Portland Borough Council, Council Offices, North Quay, Weymouth
DT4 8TA

Telephone 01305 838619

Weymouth & Portland - Sailing Venue

2012 London Olympic Games & Paralympic Games

References

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1. http://www.weymouth.gov.uk/docstore/demd...