I was intrigued to read in the Malvern Gazette (July 18) that the Malvern Hills Conservators, currently investing £1 million in the stock market, are considering investing a further £600,000. In the article Sue Thetford states "'we mustn't lose sight of the fact this is not our money".

A question can be raised here; are the Malvern Hills Conservators happily investing our constantly rising Council Tax? If not, from whence arises Malvern Hills Conservators' accumulation of so much cash?

RITA TAYLOR, Quest Hills Road, Malvern. rita.taylor@totalise.co.uk