Mr. John A. Moran:

I made reference to this issue in my statement. The process of developing that legislation involved the participation of people from my Department, other Departments and the Central Bank in a steering group which ultimately reported to a Cabinet sub-committee. The discussions involved a review of the various policy issues and the choices to be made in developing the legislation. There was a balance to be struck as to how the Bill would deal with creditors and classes of creditors. That was part of the process.