Mr. Michael Walsh:

First of all, I take it at a number of different levels because at the beginning of 2007, the society was expecting to actually complete its sale and one of the areas that is always problematic in any of these sales is valuation of pensions and pension liabilities. So here we had a situation where, you know, at the beginning of 2007, my recollection is that we got a proposal from the managing director, as was his right, to enable him to actually take, you know, the money from something that was directly on the balance sheet of the society or in a fund, as I say, noted on the balance sheet into an independently managed situation. From the society's point of view, it actually made complete sense. You know, if there was an actuarial liability there of whatever magnitude it happened to be then transferring, you know, the risks associated with that onto another individual made perfect sense. You know, I mean-----