Mr. Aidan O'Connor:

I thought I was quite clear on it. I said I did not accept what HomeBond did with the withdrawal of that insurance. I do not accept it. I am not endorsing it. The question originated with the existing occupant in that role. That board has now ceased. We should be clear on that. He does not occupy that board position anymore. I am suggesting that when he occupied it, he made a significant contribution, as did the person before him, to the workings of the board at a technical level. I am referring to two separate entities. There is no explanation or excuse for what the board did by withdrawing the guarantee. It was disgraceful. That does not mean that a person who worked for the board was behaving in that manner and he did not behave in that manner, but he was curtailed by its decision. That board has now ceased. He is not a member of it.