Mr. William Beausang:

Well, the long-established understanding was that the Central Bank would not be prepared to provide emergency liquidity assistance unless, at a minimum, it had a letter of comfort from the Minister for Finance which wouldn't be a ... you know, as set out in the text that you've already quoted, isn't a legally binding undertaking because the Minister wouldn't have legal powers but it would be a recognition that if the bank experienced losses on those lending ... on that lending, they would be made good.