Mr. David Duffy:

The way we look at it is that there is a market and also an internal objective in terms of the Government monetising value. We must balance the two of these all the time. The most appropriate way to proceed is to make sure we obtain the maximum price and do a number of sales rather than one big bang. We have our advisers and the Department of Finance has its advisers and we try to engage the best knowledge and market understanding from all of those parties, including estimating values if one sells over a period of time. This is all under the umbrella of maximising the return and getting the full amount back. There is no way that one can predict entirely in advance what is right, but there is a logic to selling pieces of the bank over a period of time. I have yet to determine, with the Department of Finance, whether or not that will be the plan.