Mr. Jim Brown:

The issue is not one of negative equity. The mortgage arrears issue is an affordability issue. Either people's incomes have been affected through employment or they have had a reduction in income, and that is the problem we are trying to address. The solutions that have been put in place, and the way we are handling them, deal with this. Hence, we have been seeing the number in arrears fall, quarter on quarter, for the past 12 months. It has nothing to do with negative equity; it is about affordability.