Some basic questions

I note with interest that Cr Holstein has stated he is going back to basics.

Well in that case, he might care to respond to some basic questions:

1. How much exactly has council lost investing in collaterised debt obligations (CDOs) and other overseas investments?

All sorts of figures have been mentioned but according to the Sydney Morning Herald and amount of $74 million was involved.

This figure was obtained from Lehman Brothers.

2. Who in council was responsible for investing this money and what were the terms and conditions including commissions?

3. Has council written off the sum of $1 million owed by the now defunct North Sydney Bears?

4. What is the situation with the sum of $300,000 payable by the Memorial Club towards the Ettalong foreshore improvements?

Fred Landman, Daley's Point