MINUTES OF A MEETING OF THE BOARD OF DIRECTORS OF TRENT 
      RADIO, held at 451 Stewart Street, Peterborough Ontario, 
      on April 16 1996. 

P R E S E N T: 
           Barb Bell, Darcie Death, Andrew Fogarasi, Scott 
           Gordon, Lisa Howard, and Suzie Young; being Directors 
           of the Corporation 

Also present; John K Muir and Barb Woolner

REGRETS: Jonathan Priddle.

The meeting was called to order at 6:30 p.m. with Scott Gordon 
acting as Chair and Lisa Howard acting as secretary. 

With all the directors being notified of the time and place of 
the meeting, and a quorum present the meeting was declared duly 
constituted. An agenda was agreed upon and discussion followed. 

Programme Director's Report: 
April 26 is the last day of programming for the school year. On
April 21 there will be an operator's meeting to discuss summer
programming. Programme proposals for next fall are already coming
in. A party will be held after the operator's meeting on the 21st
at the Hangman.

March For Jesus:
A motion was made seconded and carried that Trent Radio permit the
March For Jesus organisers to use the Trent Radio facilities under
the direction of a Trent Radio staff member on March 25 from 1p.m.
to 3 p.m. The fee for this service is four hundred dollars.

Manager's Report:
John Muir brought foward a companion brief for the C.R.T.C. frequency
change. There will be no change to the Promise of Performance.
There will however be new provisions for advertising revenues. A
provision for the first year of four thousand five hundred dollars
has been made and ten thousand for the next five years. Five of the
ten is expected to go towards an ad copy person. No more than two
minutes per hour will be reserved for advertising, price and brand
name advertising are to be avoided. Ads will be sold at seven to
fifteen dollars per minute. Two ad salespeople are already involved
in ad sales.

Committees:
On the Membership and Fundraising front, an estimated six hundred
dollars was raised at the Trent Winds benefit. 

Suzie Young arrived at 7 p.m.

A post mortem of the Trent Winds benefit revealed that there may
have been too many bands and that the evening might have ended at
five in the afternoon. That is, the event was too long. The Trent
Winds is a good space, but food was not provided as per the
agreement with management. The kitchen was not open.

Trent Radio has been in contact with Eilleen Grady, the Loans
Officer at the Bank of Montreal. Trent Radio is pursuing a Demand
Loan option. The advantage of this over a mortgage is that with a
Demand Loan the Trent Radio building would be less at risk in the
event of default. There was some discussion Ms. Grady's insistence
on a commitment by Trent Radio to fundraise specifically to finance
the loan. A letter must be received by the C.R.T.C. from a
financial institution in order for the C.R.T.C. to approve Trent
Radio's frequency change application.

At 8 p.m. Barbara Woolner left.

A motion was made seconded and carried to negotiate a twenty 
thousand dollar demand loan with the Bank of Montreal repayable 
over a five year period at a rate of prime of 2%, that there be 
blended payments of interest and principle. The Board of 
Directors of Trent Radio will give the bank a general agreement 
to sell or mortgage the house at 715 George Street in the event 
of default. Loan repayments are to be made from fundraising and 
advertising revenues i.e. Two thousand five hundred to be raised 
from fundraising, two thousand five hundred from ad revenue. 

Minutes:
A motion was made seconded and carried to pass the minutes of 
the previous Board of Directors meeting. 

The next meeting of the Board of Directors of Trent Radio will 
be held on the 14th of May, at six p.m, at #5 Fleming Place. 

There being no further business the meeting was adjourned at 
8:10pm. 


______________________________          ______________________________
Scott Gordon - Chair                    H Lisa Howard - Secretary