North Lanarkshire Municipal Bank Minutes 5 November 2002

 Councillors, J Pentland,W Wilson,V Mathieson, And J Jones -

Directors.In Attendance: A Crichton, Company Secretary/Director Of Finance, Nlc.

J Quinn, Assistant Treasury Manager, Nlc

Apologies

Councillors, G Murray, F Griffin, And J Shaw - Directors

Minutes Of Previous Meeting

The Minutes Of The Meeting Held On 12 March 2002 Were Tabled And Unanimously Approved.

Sponsorship

A Report, Distributed Prior To The Meeting, Listed The Replies In Excess Of 20, Received As A Result Of An Advert Placed In The Local Press, Indicating The Municipal Bank's Intention To Sponsor Events/Activities Subject To Certain Criteria And Budgetary Constraints. They Were Subdivided Into Different Groupings And The Directors Considered Each Application Received On Its Own Merits. The Successful Applicants Are Listed Below Including The Amount Approved By The Directors-:

• Radio Broadcast Advertising : Clan Fm £ 467
• CharitableOrganisations : Motherwell Disability Forum £1,500
• Personal Requests :Cancer Research: L Clark £1,000
• Stadium Advertising : Motherwell F.C £ 600
• Stadium Advertising : Clyde F.C (Estimate) £ 600
• Stadium Advertising : Albion Rovers £ 400
• Local Clubs/ Organisations : M'well Miners Bowling £ 900
• Local Gala Days/Fetes : Kilsyth Civic Week £1,615
• Local Gala Days/Fetes : Misc Programme Adverts £ 250

Total Approved £7,332

• Previous Award – Shotts Highland Games £1,500
• Promotional Materials (Estimate) £1,000
• Estimated Annual Outlay £9,832
• Annual Budget Approved £10,000

The Above Parties To Be Informed Of The Approved Awards In Due Course.

The Directors Rejected The Other Applicants Listed Below On The Grounds That Subject To The Budgetary Constraints, In Terms Of Ranking These Were Perceived To Be Less Advantageous To The Bank In Achieving The Objectives Of The Sponsorship /Advertising Campaign.

• Radio Broadcast Advertising : Radio Heartbeat
• Charitable Organisations : Cabia
• Charitable Organisations : Shotts Golf Club Charity Pro-Am
• Personal Requests : Raleigh International: J Flanagan
• Local Clubs/ Organisations : Air Cadets
• Local Clubs/ Organisations : Kildrum Thistle
• Local Clubs/ Organisations : Townhead Amateur Football Club Local Clubs/ Organisations : Kildrum United Football Club
• Local Clubs/ Organisations : Carbrain Boy Football Club
• Local Clubs/ Organisations : Dowanfield Community Nursery
• Local Clubs/ Organisations : Cumbernauld Baton Twirlers
• Local Clubs/ Organisations : Lanarkshire Badminton Group

After All Applications Were Approved/Rejected Councillor Pentland Expressed His Opinion That The Strategy Adopted This Year Was Not The Way Forward And Proposed That The Strategy For Advertising/ Sponsorship Of The Banks Activities Be Revised And That The Directors Look At Alternative Approaches For Next Years Budget.

Impact Of Interest Rate Change

All Parties Agreed That Since The Latest Interest Rate Change Had Only Taken Place On The 1^st May 2002 It Was Too Early To Gauge The Impact On The Level Of Depositor Balances. It Was Also Agreed That The Economic Climate Be Continuously Monitored To Ensure Any Significant Movements Are Acted Upon Immediately.

Date Of Next Meeting

To Be Advised