Mr. Seamus McCarthy:

I have not seen the material that has been issued and reported on in today's newspapers. I made the point last week that where a legal agreement is entered into, the valuation of land at the point of the making of the agreement is normally the value that stands on completion, even if there is a delay of a number of years. If one is acquiring an asset, one might have to pay a price that would be the price fixed at the time the agreement was made. If one is disposing of an asset, one might have to receive such a price. As I have said, because we are approaching the wind-up of the redress scheme, I am examining it and I propose to report on it in September. I would prefer not to prejudge any of the issues until I have seen the data in relation to this.