Ashington parish council has money in Icelandic bank
ASHINGTON Parish Council has an undisclosed sum invested in an Icelandic bank.
Some years ago it invested money received from developers when a public open space was handed over to the parish.
The money was for permanent future maintenance of the land and was invested with Kaupthing Singer & Friedlander (UK) Bank before it came into Icelandic ownership.
The bank had been a long established British Finance Group.
For full story see West Sussex Gazette October 15