THE total amount of money invested in Icelandic banks by local authorities has reached £46.5 million.
Following the collapse of Landsbanki, money deposited by councils and the police in the Bucks Herald circulation area.
The biggest depositer is Hertfordshire County Council who have £28 million invested in Iceland, dwarfing the combined total of all the other authorities that serve our readership.
Bucks County Council and Thames Valley Police each have £5 million at risk along with £3 million deposited by Aylesbury Vale District Council and Hertfordshire Police.
Wycombe District Council, which serves Princes Risborough, have £2.5 million invested and Dacorum Borough Council say they did not deposit any money in the Icelandic banks.
Chris Williams, chief executive at BCC, said: "We understand that the money placed on deposit with Landsbanki is being held by the Icelandic government and will be returned to us in due course."
What is at risk?Aylesbury Vale District Council £3 million
Bucks County Council £5 million
Hertfordshire County Council £28 million
Wycombe District Council £2.5 million
Dacorum Borough Council £0
Thames Valley Police £5 million
Hertfordshire Police £3 million
Health and fire services do not have money in Icelandic bank accounts
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