Mr. William Beausang:

It would be a matter for the Central Bank to determine the basis on which the ... it would be prepared to advance ELA, so in the circumstances on 29 September ... presumably ... I mean they were clearly happy to advance emergency lending ... ELA on the basis of a letter of comfort but I mean, it then links into what was the ... and the timing and the sequencing of the broader guarantee that was being provided because I mean, the fact that the State ... the Government were saying that they were guaranteeing the institutions was providing that guarantee that the Central Bank might wish to see in a circumstances where it was lending into institutions that there might be concerns about loan losses and so on. So ... the Central Bank, whenever the question of ELA arises and it might be reflected in the black book, the black red book, if they're going to give ELA, they want a letter of comfort because they don't want to be on the hook for any losses from ELA. So, that's always been the position and it was never ... it was ... I won't say traditional but it was the practice that if there was ever any question of ELA, the Central Bank would require a letter of comfort from the Department.