Mr. John Stanley Purcell:

I think at that time the question of having the credit committee approve loans and that the loans then would be notified to the board ... It was discussed at the board and, I mean, it was a board decision to do it that way and I think the proposal came from ... it probably came from myself. You know, this is my best recollection. I was discussing the matter with the internal auditor and I think we concluded that the way Irish Nationwide was doing it wasn’t the way everyone else was doing it and that maybe ... it was time, maybe, to change the system. And it was a good time to do it because we weren’t lending anew, we were trying to cut back on lending. If there was lending, it ... there wouldn’t be much; it would be in relation to maybe stuff already committed and that it would be done on low volumes and that maybe it was moving towards the practice that was used in other institutions.