Mr. Dargan Fitzgerald:

In broad terms, I must say the answer to your question is "Yes" and, if I just give a little bit of background, in terms of our review of the loan book generally, we, as you would expect, take a view based on a sample weighted towards higher value and more risky loans and our audit work comprises a number of tests of those loans. It also rests on tests we have carried out during our audit of the systems and processes that lead to the booking and recording of the loans. And, in that context, when we come to the year end or balance sheet part of our audit, as it's called, we also examine the loan files and review further documentation and obtain appropriate explanations from management in relation to the status of the loan as of the balance sheet date. And, in doing that work, we also review any property valuations that have been carried out. Sometimes these are formally required by the bank and they are third-party valuations from external valuers. In some cases, they're values derived internally from either analysis of cash flows or updating of previous valuations. In any of the work we carried out, generally, I must say, the work was very satisfactory. We had few, if any, occasions where we were unable to obtain a satisfactory explanations for management for the decisions they had taken in relation to any valuation for impairments on loans and that's ... given the fact that the market at the time was showing the beginnings of considerable uncertainty in relation to the values of collateral in cases where loans were already stressed.