Mr. Brendan McDonagh:

In terms of that memo that was produced by Merrill Lynch on 28 September ... that was a Sunday and there was a meeting convened in Treasury Building, in our building, on the Sunday ... on the Sunday morning where all the parties came along because obviously there was concern that if these meetings were known to be happening the ... people might be seen ... a lot of people coming out from the Central Bank or the Department of Finance, so have it somewhere else off-line, so it was decided to have it in Treasury Building. And Merrill Lynch came along to that meeting and said they were working on this memo and discussing the range of options. There was lots of, I suppose toing and froing in terms of what was going on. People left Treasury Building and went off, I thought the people were going home. I found out subsequently that there might have been another meeting at the Central Bank which we were never told about, from evidence that other people gave. And Merrill Lynch stayed on our premises and I stayed there with them, along with Mr. Whelan and they started trying to finalise this memo and they circulated it then for ... I suppose comments or ... and I think we supplied comments back on the Monday morning. Dr. Somers and Mr. Corrigan were already gone to the States so it was up to myself and Mr. Whelan to give what we believed appropriate commentary on it and the next time that memo appeared then was ... I think it was sent directly by Merrill Lynch to Mr. Cardiff at around 7 o'clock on the evening of the 29th.