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Cabinet resolved unanimously:
 
That under Section 100(A)(2) and (4) of the
Local Government Act 1972, the press and public be excluded from
the meeting for Item 12 on the grounds that it involves the likely
disclosure of confidential or exempt information as defined in
Section 100(A)(3) and Paragraph 3 (private financial or business
information) of Part 1 of Schedule 12A of the said Act (as
amended).
 
In resolving to exclude the public in respect
of the exempt information, it is considered that the public
interest in maintaining the exemption outweighs the public interest
in disclosing the information.