Investment in Icelandic Banks Deloittes Review

Dear Mr Silverman

I am writing in response to your Freedom of Information Request below.

The information you are requesting is exempt from the Freedom of
Information Act 2000 (the 'Act') pursuant to S21 of the Act which states
that information is exempt from the requirements of S1 of the Act if the
information is reasonably accessible to the applicant by other means.

In this instance the review to which Cllr Bianco referred was
commissioned by the Audit Commission to review treasury management
arrangements for money held on deposit by English local authorities.
Hillingdon were not identified as being non-compliant. A copy of this
report is available from the Audit Commission Website
(http://www.audit-commission.gov.uk/) and is titled 'Risk & Return'.
I have also attached a copy to this email.

If you are not satisfied with our response you should put your
complaint in writing to:

Principal Corporate Lawyer, Legal Services, Civic Centre, High St,
Uxbridge, UB8 1UW (or via email to [Hillingdon Borough Council request email] marked for the
attention of the Principal Corporate Lawyer).

Please remember to quote the reference number above in any future
communications.

If you are not content with the outcome of the internal review, you
have the right to apply to the Information Commissioner for a decision.
The Information Commissioner can be contacted at: Information
Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire,
SK9 5AF

If you wish to discuss this matter please do not hesitate to contact us
on the details below.

Richard Ingle
Data Protection &
Freedom of Information Officer

Legal Services (3E 04)
London Borough of Hillingdon
Civic Centre
High Street
Uxbridge
UB8 1UW
01895 55(6923)

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10/03/10 13:03 >>>
Dear Hillingdon Borough Council,

At the Council Question Time meeting on 2nd Feb Cllr Bianco, in
answer to a question about the Council's investment in 2
Icelandic
banks, said that Deloittes (who are the Council's external
auditors) had undertaken a review of the matter and found that no
rules had been broken.

Could you please let me have a copy of Deloitte's full
report/review document. Please provide this as an electronic copy
if possible.

You can hear exactly what Cllr Bianco said at

http://www.hillingdon.gov.uk/media/mp3/f...

Yours faithfully,

Peter Silverman

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