Mr. John Stanley Purcell:

Well, INBS at that stage, although it was a building society, was moving towards seeking to have legislation that would allow it demutualise and engage in trade sale. So, it wasn't the sort of a situation whereby for years we were always going to be a pure mutual. We were moving in certain direction. We were in a market that was very competitive. I think as people have referred earlier, that the home loans market got very competitive in 1999 and it had been competitive before that. Banks, both foreign and domestic, were vying strongly for residential business. INBS had moved gradually away from dependency on residential so we were in the commercial market. We had worked with clients over a number years. Many of those had expanded with the market and we had expanded with them. So, at the time, there was probably a surge in lending generally anyway from what was before. So, we were a part of that.