Mr. Mike Aynsley:

As Mr. Dukes stated, we do not have retention bonuses or any other type of bonus at this point. Having said this, the attrition rate at the bank over the past 12 months has been unacceptable. In an organisation such as ours, much of this comes about from the fact we do not provide a career future for people, but also because we are involved in a very specific type of work. We are contracting our organisation to a single focus, which is work out of loans and achieving the highest possible result for the taxpayer in every circumstance, either through refinancing performing portfolios or recoveries and collections on the poorer parts of the portfolio. We are not the only organisation in the country which has this type of portfolio. As we go through the process of building teams, they are at risk. They get poached, and not only by other State-owned organisations but also by foreign organisations which have difficult and distressed portfolios which they need to work out. The Department of Finance has realised this and it has in train a review of remuneration throughout all State entities. We are involved in this and as we go through the process, we hope it will contain measures designed to assist us retain people through to completion.