Mr. Donal Forde:

Well, the loan would always be issued subject to the undertaking because you didn't have the facility to perfect the security there and then. I suppose you're ... I think I'll answer it in two ways, Chair. The first is to say that I, and I reference this in my statement, the first thing is, I suppose, to make sure that we see this issue in context. The practice for all the larger exposures was that the security was handed over to be perfected to first and second order legal firms. So they would do it for the bank. So those loan cases with greater exposures were never a problem, they were not an issue. So this issue related to the lower level cases, but yes, it was a constant difficulty, and as you see, the audit ... that audit report would have been given the board so they were aware of it, but it was one of those issues that I was always working on and we were never ... we were never in a comfortable position. But it would be important not to overstate that, as I've said, because all the larger exposures would not be at issue here.