•  The first Audited Annual Report of the HSF has been prepared and has been submitted to Parliament; the Central Bank has also prepared quarterly reports that are sent to the HSF Board. •  Pending the appointment of the external managers, the HSF Board has approved a transitional investment plan that’s currently being implemented by the Central Bank.
•  For the record, the current fund balance is $ million. From 2002 to the present, the Fund has increased by $ million, roughly $ million a year. This represents about 12 per cent of average annual energy tax collections. (I note, that this is the figure even though the Government has always deposited more than required by the formula.)