Mr. William Beausang:

Just to make sure that I haven't over-stressed that point, I mean, that would have been a report that I would have done, or a note I would have done up the line in the Department. I mean, you would have to ask the Governor, I suppose, at what stage, or look at his evidence as to what point he might have made that argument to the president, or indeed, did he ever make that point to the president? I know at a much later stage, and I think I enclosed the document with my written statement, around 17 September or so, we had a meeting of the DSG, and one of the specific action points from the DSG was to alert the European authorities, the authorities in the ECB, as to our difficulties, and the significance of our difficulties at that time.