SOUTHAMPTON City Council has finally come clean about how much it has invested in the troubled bank Northern Rock.
While all other councils in Hampshire said they had nothing to hide Southampton twice refused to open its books.
After taking two weeks to decide its excuse of "commercial sensitivity" didn't stand up, it has at last published the figures - but now won't say where other cash is held.
The council admitted it had £3m deposited with Northern Rock, once Britain's fastest-growing mortgage lenders.
The council's investment now stands at £1m as a deposit matured.
It can withdraw the rest of its cash in February.
The figures were revealed after the Daily Echo made a request under the Freedom of Information Act.
EASTLEIGH Borough Council, meanwhile, has revealed that a short-term, multi-million pound investment they made with Northern Rock has been returned on time.
The council made the fixed-term, three-month investment of £2m back in September, and has now confirmed that the investment matured and was returned to them in full, as expected, on December 7.
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