Mr. Jeremy Masding:

Deputy Creed mentioned in his original remarks the phrase "balanced objectives". A chief executive officer of a bank tries to get the right balance between the funding side of the balance sheet, which is the lifeblood of the business, and the assets side of the balance sheet, which is made up of bank customers who the bank is trying to help with life events, which is in our case mortgages. We are trying to find the right balance, particularly on the deposit side of the balance sheet. It takes time for us to reduce the cost of funds because not all deposits are on-call, as we would call it, or on over-night. Some of the deposits have got term periods against them. It is important that we are sensitive to those who entrust their savings with us. At the same time, we must be equally sensitive to those who are borrowing from us at a certain rate. My answer would be that I believe that over time we can find that balance. Have we found it yet? No, we have not.