Mr. Derek Quinlan:

Well, Deputy, I'm going to tell you something that you're not aware of in relation to that site. When we bought that site initially, our intention was to put a hospital out there and bringing in an international, US operator to build a hospital that would have student facilities; in other words for students in UCD or College of Surgeons could go there and I travelled to California to meet these people. And I said, "We want to build a new hospital with new facilities, big accident and emergency, everything there" and we spent a lot of time looking at this before we looked at any alternative. And what happened was that these people came here ... now, the investment in this hospital and for Ireland would have been huge, hundreds and hundreds of millions, to build a completely new, standalone student hospital that would teach students, the best accident and emergency and American facilities. And they arrived in Ireland and they went straight to the VHI and the VHI said, "Build the hospital first and then we'll see whether we'll give you accreditation." So that was our plan-----