Mr. Dermot Weld:

To answer Senator Mary Ann O'Brien's point which we discussed at lunchtime, there is much inward investment by international owners which means an increase in employment. Not only is a particular new international owner helping me to employ more staff, he is so taken by his visits to horse racing in Ireland that he is moving his head offices which were located in Melbourne, Australia and London to Dublin. He will employ between 250 and 300 people in his company offices. He had never been to Ireland before last year and visited again recently. He enjoyed the country and visit and because of horse racing will move his main offices and employ between 250 and 300 people. This is a spin off and such things do happen. I always try to get across the employment factor. The horse racing industry is a 32 county rural employer and produces spin-offs in terms of further employment in other industries.