Mr. William Beausang:

Yes, well I mean I think it's in one of the documents that I submitted with my witness statement for the Minister for a meeting that he had with the chair of one of the banks in the course of September 2008. There's a couple of references to ... you know, it's the ... in circumstances that the case for a guarantee was put to him, well, why wouldn't a guarantee be a good idea? I'm not sure whether the cost of funding was explicitly mentioned on it - I'd just have to consult that note - but certainly, there was a concern that ... you know, there would be a concern that you're taking a contingent liability ... a huge contingent liability and you'd expect that there would be a cost in terms of the cost of funding the sovereign.