Mr. Ray MacSharry:

The Deputy is correct. People who are meeting their commitments may find that in time due to reasons such as unemployment, increased taxes or cuts in wages they fall into arrears but now the management have set up the structures to ensure that there will be full consideration given to their position and the best deal that can be worked out for them so that they can continue to stay in their home. The last thing we want to see is anybody being faced with repossession. When the chief executive appeared before the committee he stated there were 300 repossessions, 200 of which were voluntary. We do not want voluntary repossession, we want to see whether we can work on behalf of the company and the individual borrower. That is our intention. It must be in the public interest.