§ Mr. Denis Howell
The legal processes in the establishment of the Foundation were completed last week and articles of association were signed. The Foundation has announced a list of cash grants to potential Olympic competitors with the approval of the governing bodies484W concerned, to assist them in their preparation and training for the Olympic Games. These are the first in a series of awards to promising young sportsmen and sportswomen, and I understand that the Foundation has been able to meet the full amount of all applications for assistance received so far. The Foundation is an independent body for which its Trustees are responsible, and I do not have detailed information on its financial position.