Mr. Kieran Wallace:

Let me take those questions in reverse. I can give the Deputies and the Chairman a categoric assurance that no payment has been made to Mr. Mike Aynsley or any sweetheart deal done with him, nor do we intend to make any payment. Mr. Aynsley voluntarily withdrew that litigation. On the costs being covered in the potential US court case, there is a slight confusion. The meaning of what was said was that we may have to cover his legal representation costs at the hearing, whether he is director or not. There are quite a number of people named in that litigation who are not directors of the bank who may still have to cover the costs of that. We intend filing an objection to that litigation for the very reason that there was a stay on all IBRC litigation in the US and that it would join us by the backdoor in that litigation if we had to cover all those costs. On his resigning as a director in the companies office, that is a matter for him. We have corresponded with him but that is an issue for him, not an issue for us. We cannot unilaterally do that.

The first question was on the details of the loans bought by individuals. I am happy to confirm the general details to the committee but not on the quantum at this juncture for commercial sensitivities because we are still in sales processes going down the track.