Message from CIG President David Hamilton

Commission Funds The Commission’s Funds held by FAI are in US$. The Bureau has considered the depreciation in its funds due to the weakness of the dollar. Having taken financial advice, the Bureau has decided that the Commission Funds be held in Swiss Francs, a more stable currency. The existing funds have now been transferred. In future the Commission’s transactions will be in Swiss Francs (CHF). President's Report The CIG President's Report 2003/04 to the FAI General Conference in Madrid is available at President's Report 2003/04.