Mr. Richard Burrows:

What I'm saying this morning is that the creation of NAMA was a very important element in the package of measures. It was necessary for Bank of Ireland to get property loans, which had a questionable value, off its balance sheet to NAMA, if it was to become an investable proposition in order to gain third-party capital and so that was done. In terms of how the value of the loans was measured at the time, as I say, that can only be I think reviewed when those loans are either paid back or sold on to somebody else.