Minutes from a City of London Financial Investment Board meeting on March 22, published this month, showed a member queried why the Corporation had made loans to the (Northamptonshire County) council. The minutes state: “The chairman advised the board that the outstanding £20 million loan to Northamptonshire County Council was underwritten by central government. "A member raised a query about loans to local authorities that the board agreed to discuss as a non-public question relating to the…