Mr. Brendan McDonagh:

I will deal with the remaining questions. Senator Coghlan asked about the hotels that are in NAMA. When we started off, we acquired loans with 121 hotels. At this stage we have only managed to offload about six of them and we have 115 left. The Senator raised the old chestnut about complaining about NAMA hotels. I often hear people say on radio shows that a particular hotel is a NAMA hotel. I feel like ringing in myself, except I would not want to be identified, and saying that it is not actually a NAMA hotel at all.