<SEC-DOCUMENT>0001567619-18-005205.txt : 20181107
<SEC-HEADER>0001567619-18-005205.hdr.sgml : 20181107
<ACCEPTANCE-DATETIME>20181107105153
ACCESSION NUMBER:		0001567619-18-005205
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180930
FILED AS OF DATE:		20181107
DATE AS OF CHANGE:		20181107
EFFECTIVENESS DATE:		20181107

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Veritas Investment Management (UK) Ltd
		CENTRAL INDEX KEY:			0001577920
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-15534
		FILM NUMBER:		181165080

	BUSINESS ADDRESS:	
		STREET 1:		90 LONG ACRE
		CITY:			LONDON
		STATE:			X0
		ZIP:			WC2E 9RA
		BUSINESS PHONE:		44 0 20 7961 1600

	MAIL ADDRESS:	
		STREET 1:		90 LONG ACRE
		CITY:			LONDON
		STATE:			X0
		ZIP:			WC2E 9RA
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/thirteenffiler" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0001577920</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>09-30-2018</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>09-30-2018</reportCalendarOrQuarter>
      <filingManager>
        <name>Veritas Investment Management (UK) Ltd</name>
        <address>
          <com:street1>90 LONG ACRE</com:street1>
          <com:city>LONDON</com:city>
          <com:stateOrCountry>X0</com:stateOrCountry>
          <com:zipCode>WC2E 9RA</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F COMBINATION REPORT</reportType>
      <form13FFileNumber>028-15534</form13FFileNumber>
      <otherManagersInfo>
        <otherManager>
          <cik>0001576707</cik>
          <form13FFileNumber>028-15533</form13FFileNumber>
          <name>Veritas Investment Management LLP</name>
        </otherManager>
      </otherManagersInfo>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Alison Fawcett</name>
      <title>Compliance Officer &amp; MLRO</title>
      <phone>02037408380</phone>
      <signature>/s/ Alison Fawcett</signature>
      <city>London</city>
      <stateOrCountry>X0</stateOrCountry>
      <signatureDate>11-06-2018</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
      <tableEntryTotal>35</tableEntryTotal>
      <tableValueTotal>362917</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
    </summaryPage>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>form13fInfoTable.xml
<TEXT>
<XML>
<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">		<infoTable>
			<nameOfIssuer>ACCENTURE &apos;A&apos;</nameOfIssuer>
			<titleOfClass>SHS Class A</titleOfClass>
			<cusip>G1151C101</cusip>
			<value>19151</value>
			<shrsOrPrnAmt>
				<sshPrnamt>112519</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>112519</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALPHABET &apos;A&apos;</nameOfIssuer>
			<titleOfClass>CAP STK CL A</titleOfClass>
			<cusip>02079K305</cusip>
			<value>9991</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8277</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>8277</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALPHABET &apos;C&apos;</nameOfIssuer>
			<titleOfClass>CAP STK CL C</titleOfClass>
			<cusip>02079K107</cusip>
			<value>14862</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12453</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>12453</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALTRIA GROUP</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>02209S103</cusip>
			<value>353</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5858</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>5858</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMAZON.COM</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>023135106</cusip>
			<value>337</value>
			<shrsOrPrnAmt>
				<sshPrnamt>168</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>168</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>APPLE</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>037833100</cusip>
			<value>599</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2655</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>2655</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ABERCROMBIE &amp; FITCH &apos;A&apos;</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>002869207</cusip>
			<value>2</value>
			<shrsOrPrnAmt>
				<sshPrnamt>110</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>110</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BERKSHIRE HATHAWAY &apos;B&apos;</nameOfIssuer>
			<titleOfClass>B Class</titleOfClass>
			<cusip>084670702</cusip>
			<value>27346</value>
			<shrsOrPrnAmt>
				<sshPrnamt>127719</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>127719</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BROOKFIELD ASSET MGMT &apos;A&apos; -LTD VTG-</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>112585104</cusip>
			<value>166</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2884</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>2884</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BROOKFIELD BUSINESS -PARTN.UNITS-</nameOfIssuer>
			<titleOfClass>UNIT LTD LP</titleOfClass>
			<cusip>G16234109</cusip>
			<value>3</value>
			<shrsOrPrnAmt>
				<sshPrnamt>57</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>57</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BROOKFIELD PROPERTY</nameOfIssuer>
			<titleOfClass>UNIT LTD PARTN</titleOfClass>
			<cusip>G16249107</cusip>
			<value>10</value>
			<shrsOrPrnAmt>
				<sshPrnamt>368</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>368</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CERNER CORP</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>156782104</cusip>
			<value>17154</value>
			<shrsOrPrnAmt>
				<sshPrnamt>266332</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>266332</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CHAMPIONS ONCOLOGY</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>15870P307</cusip>
			<value>36</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2083</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>2083</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CHUBB</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>H1467J104</cusip>
			<value>14</value>
			<shrsOrPrnAmt>
				<sshPrnamt>108</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>108</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>COGNIZANT TECHNOLOGY SOLUTIONS&apos;A&apos;</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>192446102</cusip>
			<value>18563</value>
			<shrsOrPrnAmt>
				<sshPrnamt>240613</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>240613</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CVS HEALTH</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>126650100</cusip>
			<value>19933</value>
			<shrsOrPrnAmt>
				<sshPrnamt>253210</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>253210</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>FISERV</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>337738108</cusip>
			<value>20442</value>
			<shrsOrPrnAmt>
				<sshPrnamt>248141</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>248141</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>FRANCO-NEVADA</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>351858105</cusip>
			<value>23457</value>
			<shrsOrPrnAmt>
				<sshPrnamt>290314</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>290314</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HONEYWELL INTERNATIONAL</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>438516106</cusip>
			<value>1580</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9495</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>9495</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>INTELLECT NEUROSCIENCES</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>45822W308</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>37</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>37</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>JARDINE MATHESON HOLDINGS</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>047115402</cusip>
			<value>2717</value>
			<shrsOrPrnAmt>
				<sshPrnamt>43300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>43300</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>JARDINE STRATEGIC HOLDINGS</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>471122200</cusip>
			<value>1498</value>
			<shrsOrPrnAmt>
				<sshPrnamt>41255</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>41255</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>JPMORGAN CHASE</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>46625H100</cusip>
			<value>253</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2240</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>2240</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>LABORATORY CORP AMERICA HOLDINGS</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>50540R409</cusip>
			<value>22117</value>
			<shrsOrPrnAmt>
				<sshPrnamt>127342</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>127342</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MASTERCARD &apos;A&apos;</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>57636Q104</cusip>
			<value>24609</value>
			<shrsOrPrnAmt>
				<sshPrnamt>110546</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>110546</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MICROSOFT</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>594918104</cusip>
			<value>27049</value>
			<shrsOrPrnAmt>
				<sshPrnamt>236505</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>236505</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MOODY&apos;S</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>615369105</cusip>
			<value>1895</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11335</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>11335</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>PHILIP MORRIS INTL</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>718172109</cusip>
			<value>125</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1535</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>1535</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>SCHLUMBERGER</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>806857108</cusip>
			<value>11751</value>
			<shrsOrPrnAmt>
				<sshPrnamt>192900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>192900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TAIWAN SEMICONDUCTOR -ADR SPONS.-</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>874039100</cusip>
			<value>24027</value>
			<shrsOrPrnAmt>
				<sshPrnamt>544094</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>544094</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>THERMO FISHER SCIENTIFIC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>883556102</cusip>
			<value>27588</value>
			<shrsOrPrnAmt>
				<sshPrnamt>113030</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>113030</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TRISURA GROUP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>89679A100</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>16</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>UNITEDHEALTH GROUP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>91324P102</cusip>
			<value>30477</value>
			<shrsOrPrnAmt>
				<sshPrnamt>114558</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>114558</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WELLS FARGO</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>949746101</cusip>
			<value>118</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2248</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>2248</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>XYLEM</nameOfIssuer>
			<titleOfClass>Com</titleOfClass>
			<cusip>98419MAB6</cusip>
			<value>14691</value>
			<shrsOrPrnAmt>
				<sshPrnamt>183936</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<otherManager>NONE</otherManager>
			<votingAuthority>
				<Sole>183936</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
</informationTable>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>