Mr. Vincent Jennings:

Deputy Spring opened up by speaking of the report prepared by Tony Foley. That report was for the CSNA and at that stage, it did not matter who was going to be the owner or whether An Post would be involved. We were looking at the kind of numbers and, given that the Minister already had ring-fenced a certain amount of the expenditure for good causes, how we could ensure of position. We were scratching our heads as to how this licence was going to make money for somebody because we were not going to concede readily. That is the major concern to which Ms Tara Buckley and Deputy Sean Fleming have alluded. Our biggest concern is that both savings and shavings have been made. Deputy Spring thinks that An Post somehow or other would be able to do otherwise but given the circumstances, it is working under completely different strictures now as this is a private body. This is the land in which we live, that is, in a capitalist society. We understand the need for an investment but this €405 million is a lot of money and were one to put it on deposit, one would make a lot more than one might make on-----