Mr. Alan Dukes:

And it would be interesting to see, and I don't know whether we'll ever be able to do this sum, what kind of return NAMA got from the loans that were transferred to it.

It's a kind of an interesting theoretical speculation, I think, in the case of Anglo loans, NAMA will turn out to have made more than a net 39% off the face value of the loans that were transferred, and that'll go into making up the surplus of NAMA at the end of the day. From the State's point of view, it's just one pocket or the other.