Mr. Jeremy Masding:

It is important to emphasise that. All my experience says there will be a consequence through legal proceedings and it invariably means that they go back up the chart into a treatment or they go, sadly, down the chart into a repossession scenario. Over time, as we get through this stock of customers one can see the mix in these charts will change.

I am sure the committee does not want to invite me but if I was back here in six months time the mix of the charts would change. Slide 3 is a useful chart because we wanted to show the members that things moved between 30 June as of today. Obviously, as an industry, we have taken a lot of stick for inertia and I do not believe that is fair in Permanent TSB. We are trying to get through this stock of customers and this is the latest up-to-date chart which shows members that there has been much movement between 30 June as of today.