Mr. Gary McGann:

But there was an argument that the categorisation could be thought about differently, for example, the categorisation was towards development investment, property investment, when in actual fact, Anglo's model, in the first principle, was around income stream. It was based on income stream lending with a collateral, with the, if you like, the underpin being the property, and then there was, obviously, collateralisation across other businesses and then personal guarantees. But the ... if you categorise it across the basic income streams, and the source of those income streams, you get a different categorisation.