Mr. Paul Maloney:

I resisted the request on the basis that the board was not aware of it or party to it. According to the minutes, the executive agreed it would bring the matter to the board at the first opportunity, which was 2 November. The paper also highlighted the positives and negatives of Mr. Quinlan coming in. In respect of the negatives, we had already been dealing for the previous 20 days with one joint venture leader, Mr. McNamara, and we were comfortable with that. We were now being asked to deal with another investor about whom I knew nothing and, therefore, I had to consider the criteria I applied to the other investor before making a recommendation to the board.