Mr. Michael Fingleton:

Because, at the time, when we made the decision in 1995 we looked at our position as a stand-alone building society. And our advice was, at the time, that we hadn't the critical mass to convert to a company and launch the society in ... to the public. So, therefore, we decided then that we had two options. One was to merge with another building society. Secondly was to effect a trade sale and the second one we chose to do. At that time, we sought to get the change in the legislation. There was absolutely no commercial reason for that change in legislation not to have been implemented at that time. Even the Central Bank, without ... without the Government or the Department of the Environment bringing in new legislation, the Central Bank could have made the decision in the interests of the shareholders or depositors, but they chose not to. So we lobbied for years for the change in that legislation and we were obstructed from time to time. If you want the whole history-----