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Laurence Hogg

CRT press release: PROTECTOR GIVES TRUST INVESTMENT PERFORMANCE A CLEAN BILL OF HEALTH

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Dear All,

This email from CRT will not lift as text to paste here so here is the link from the CRT site:

 

 

https://canalrivertrust.org.uk/media/original/25011-protector-gives-canal-and-river-trusts-investment-performance-a-clean-bill-of-health.pdf

 

 

Edit to add title should read HEALTH

Edited by Laurence Hogg

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Edit to add title should read HEALTH

 

"HEL ATH"

 

Damm - when I saw who had posted, and the subject being a C&RT press release I thought it was "Hell ath no Fury like a boater scorned"

Edited by Alan de Enfield

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4 December 2015
The second annual report from the investment expert appointed jointly by the Secretary of State for
the Environment and the Canal & River Trust to oversee the Trust’s investment strategy has been
published.
The ‘Protector’s’ role is to monitor the Trust’s strategy for its investment assets to help ensure they
continue to provide a valuable long term source of income for waterway maintenance.
The Protector has access to all the Trust’s minutes of meetings, reports and information as reasonably
required in order to fulfil the role.
The formal report to Defra, covering the financial year ended 31st March 2015, states that the
charity’s investment assets have been managed in accordance with policy and that investment
performance during the year was strong.
Environment Minister Rory Stewart said: “Canals and rivers have gone from being the arteries of
the Industrial revolution, to treasured rivers of beauty and tranquility in our landscape.
They are loved by millions - as places for boats, for walking, for cycling and for wildlife.
“We are so proud of the work of the Canal & River Trust and its volunteers, and are delighted to
support our waterways as places we can all continue to enjoy and of which we can be very proud.”
Protector, Malcolm Naish, is an investment property professional with a career advising major
corporate and public bodies on their property investment. He is also the owner of a 62ft
narrowboat based on the Grand Union Canal.
Malcolm Naish comments: “In my opinion the Trust has continued to manage the investment
portfolio in accordance with the terms of the Grant Agreement. The total value of the investment
Page 2 of 2
assets increased during the year, with the total return ahead of the market average and very
significantly above inflation.”
Stuart Mills, property director at the Canal & River Trust, comments: “The Trust’s investment
assets are a very important source of funds. They are amongst the Trust’s biggest sources of
income and a significant proportion of the money we’re able to spend each year looking after the
canals. For that reason, it’s vital that the Trust and government has the view of an independent
expert about the way the waterway’s investments are managed.”
Malcolm’s appointment is for an initial term of five years. The position is unpaid and requires a
commitment of between five and ten days per annum. The Trust and Government jointly meet any
expenses of the post.
The report can be viewed at:
Ends
For more media information please contact Jonathan Ludford on 0203 2044420
Notes to editors:
The Canal & River Trust is the guardian of 2,000 miles of historic waterways across England and
Wales. We are among the largest charities in the UK, maintaining the nation’s third largest
collection of Listed structures, as well as museums, archives, navigations and hundreds of
important wildlife sites.
We believe that our canals and rivers are a national treasure and a local haven for people and
wildlife. It is our job to care for this wonderful legacy – holding it in trust for the nation in perpetuity
and giving people a greater role in the running of their local waterways
www.canalrivertrust.org.uk
Malcolm Naish retired from Scottish Widows Investment Partnership in 2012 having been
responsible for their £8bn of property funds. He is currently non-executive chairman of two UK
property funds, and non-executive director of another, a member of the Advisory Panel and Board
at Greenwich Hospital and a non-executive director of a European fund of funds.

Sorry. Started editing it then got bored. What a load of poppycock. Am sure you made all that up Laurence

Edited by jenlyn

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Dear All,

This email from CRT will not lift as text to paste here so here is the link from the CRT site:

 

 

https://canalrivertrust.org.uk/media/original/25011-protector-gives-canal-and-river-trusts-investment-performance-a-clean-bill-of-health.pdf

 

 

Edit to add title should read HEALTH

title edited.

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"PROTECTOR GIVES TRUST INVESTMENT PERFORMANCE A CLEAN BILL OF HEALTH"

 

Wonder what his qualifications were?

 

Reminds me of the TV advert for specsavers where the vet puts a stethoscope on a fur hat, screams for the nurse "cat without pulse" and she dons the hat ....

 

Should have gone to CRTsavers....

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Of course the Protector is an idiot, not qualified and must need checking themselves, was deliberately deceived by CRT,went to the wrong office and doest know his ar** from his elbow..........because we all know better.

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"PROTECTOR GIVES TRUST INVESTMENT PERFORMANCE A CLEAN BILL OF HEALTH"

 

Wonder what his qualifications were?

 

Reminds me of the TV advert for specsavers where the vet puts a stethoscope on a fur hat, screams for the nurse "cat without pulse" and she dons the hat ....

 

Should have gone to CRTsavers....

It is not within the protectors remit to ensure that CaRT maintains its waterways but rather the reverse. He is there to ensure that CaRT's assets do not shrink but rather grow over time as government funding declines

 

As such he will not mention that, over the next three years, CaRT will be spending about £20m less on maintaining its waterways than it originally told government.

 

Why should he?

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It is not within the protectors remit to ensure that CaRT maintains its waterways but rather the reverse. He is there to ensure that CaRT's assets do not shrink but rather grow over time as government funding declines

 

As such he will not mention that, over the next three years, CaRT will be spending about £20m less on maintaining its waterways than it originally told government.

 

Why should he?

Indeed.

And given that it is not within his remit, that is, with the greatest of respect, a silly question.

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