Mr. Lar Bradshaw:

When he said the executive had advised it was in an overheated property market, there was a further element to this, namely, that the executive had recommended it. Let us not get into that issue.

I will talk about what is the analogy and what is not. I completely accept the Deputy's point that the property market was at a different stage. However, in 1998 we took a very significant risk because no matter what analysis was made, we could not understand the cost of contamination. We could not get to the bottom of that matter. So much so, that at the time many commentators and critics – it is easy to be a critic - said we had exposed the State to unlimited liability. We figured that there was such a strategic case for our acquiring the site------