Mr. David Duffy:

There are two questions there. I will respond on the first and then Mr. Stanley will respond on the issue of commercial property.

We were not capitalised for negative equity, but we may end up disagreeing on that. With regard to what the capital is for, it is for multiple purposes. I would not characterise needing to create private investors in the bank to return taxpayers' money as a sole purpose. We are in a position where we must have capital at a minimum level for regulatory purposes. On top of that, we must have capital for restructuring when we do write-offs, because what happens is capital is destroyed then. We must also have capital for growth.