Mr. Michael Fingleton:

I'll try, Deputy. In the early '90s, I think it was '91 or '92, I looked at my pension fund and the value that accrued on that fund. It was managed by an outside insurance company - an outside fund - and I discovered that if I had invested all the contributions in the lowest deposit account or the lowest paying deposit account operated by the society at that time, that would have produced more than what was produced by the insurance company in the fund. So I agreed with the society at that time that I would manage my own fund and I would invest the contributions that were provided by the society in that fund. So I made the decisions from that time on what to invest in and the fund was, of course, administered by the trustees of that particular fund. So that's the genesis of where it started and originated. And over the years the fund built up to almost €30 million based on my decisions on what to invest in.

And when the fund matured and when the retirement came, as I said, there was €30 million in it, €30 million in it. Now the net cost of that, Deputy, to the society - booked it in a public document that doesn't appear to have got great circulation - was in my view almost nearer to €3 million than what the experts said was nearer to €4 million. So in that period, I increased that fund by almost ten times, tenfold. So you can appreciate, because pensions and the pension pots and funds are very much discussed within your environment, and you can appreciate what €3 million, what sort of a fund €3 million would buy you today, or even €4 million would buy you today. So the cost to the society was €3 million, or if you believe the ... some of the experts who have examined the account, and I will come to that in a minute, nearer €4 million.