A report by the Director of Finance presented a review of Treasury Management activities during the third quarter of 2010/11 and confirmed compliance with treasury limits and prudential indicators. The report had been prepared in accordance with the revised CIPFA Treasury Management Code and the revised Prudential Code.  Councillor I Lewis wanted to know how much would be saved in interest by repaying the debt.

RESOLVED: That

(1)  the Treasury Management Performance Monitoring Report be noted; and

(2)  the Deputy Director of Finance be requested to provide a written response to Councillor Lewis’ question above and circulate it to all Cabinet Members for information.