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    Sid - the money in Icelandic banks invested by KCC was only about 5% of their portfolio, thats all. The £50m was spilt between reserves and pension. They need large reserves given the size of the authority (and a large pension pot). The whole issue of reserves is a red herring, we can all see what happens when reserves get spent from the panic we had in Dover during the last year or so of the the Labour regime at DDC.

    JHG, as the Whitfield housing build is in respect of a planning period of 30 yars its hardly going to do much for DDC finances for an awful long time!

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