Mr. David Begg:

Yes, well, the board was pretty much aware of the general conditions in the property market. It was debated, as John said. I made my own inputs in relation to that, from my own experience. I think there were other people who had different views, certainly. There was one particular view I remember a board member had, somebody who had worked in the property sector for a long period of time and who felt that, you know, Ireland was somewhat unique in that Ireland had never had a property collapse, unlike Britain and the Scandinavian countries and so on. There were other people who were extremely worried by it and, you know, there were general debates about this into which I contributed my own particular views.