Under agenda item 2, we must decide whether to consider a proposed contingent liability in private at our next meeting. A contingent liability, as its name suggests, is a liability that is not certain but contingent on some event, the most obvious cases being guarantees or indemnities. I ask members to agree to that item being considered in private because I understand that there may be some on-going negotiations in relation to the liability. However, if negotiations are concluded in time for 23 March, it is my intention to take the item in public. Are members agreed?
The final two agenda items will be taken in private.
Meeting continued in private until 12:26.
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Budget Process 2005-06