Ms Ethna Tinney:

Because they were always presented so well. They all made sense. I think Alan refers to that in his document, that, you know, it seemed perfectly okay in that ... in that exponential growth to accept proposals that were based on land values that were, you know ... that the money we were giving were ... was 60% of what the valuers were saying it was worth. But then, I think that we possibly were naive about the relationship between the developers, the builders and the valuers and the various other advisers, because everybody stood to gain if we said, "Yes", and handed over the money, yes.