Mr. Bill O'Herlihy:

The environment is very difficult and there is no point in pretending otherwise. The position in Ireland is that we have improved the position on tax in the sense that qualifying Irish expenditure has increased from 28% to 32%, while the cost to the Government has been reduced, which is a positive step. However, there is no doubt that we face enormous competition from Northern Ireland and Britain because of the benefits to be gained there. To achieve the level of growth in Ireland that is being discussed, there must be a very strong selling of Ireland, in terms of creativity, the strength of our personnel, the attractiveness of locations here and so forth. That will be of major importance for the board, me as chairman, the chief executive and his team. There is no doubt, however, that it will not be easy.

To be honest, I have forgotten the other questions posed by the Senator.

I have no idea about the capital funding; I have not a clue, because I have not discussed that with the chief executive or the Minister. The first board meeting, if I am appointed, will take place on Thursday and I have no doubt it will exercise the board members greatly.

We must bear in mind that I do not pretend to be a film maker, even though I have a background to some extent in the sector. I understand the environment.