Mr. Donal Forde:

I was conscious of the weight of our business that was in property and construction. I was party to discussions above me and below me as to whether or not we were in an appropriate place. The conclusion of all of those discussions ultimately was that we were in an appropriate place and that, you know the rationale for that was the view we had of the risk which I now accept was mistaken. The fact we weren't growing at any pace that was faster than people in the market and the fact that, notwithstanding that there was one or two people who were critical, the broad mass of those who essentially were offering a view on the market and offering analysis of the market were positive about the outlook.