Mr. Alan Gray:

No, this was the only - I gave that as a member of the Central Bank board, who earlier that day was told that the Government were looking for urgent actions to deal with the escalating liquidity crisis and that the Government would be seeking the views of the Central Bank board. I outlined my views at the board meeting but I wanted to make sure that there was full understanding, because in a board of nine people you can only have - a bit like this committee - you know, conversations can get a bit shortened even though it might be worthwhile to continue. And I went home that evening. I dropped everything I was planning to do and I wrote that detailed memo. Nobody had requested it, other than they had pointed out that this was likely to be the option and I felt it was important to encourage consideration of other options.