Mr. Alan Gray:

It wasn't considered by the board members but it certainly was considered by myself. And on the second page of the detailed document that I put in, I put a potential option would be that there would be a Government or ministerial statement indicating a State guarantee would be provided if required or an intention to provide such a guarantee but with no immediate commitment or legislation. And I gave my assessment of that would be that that would be in danger of being seen as too weak and it would probably be better not to have any such statement. And that if in the scale of the crisis we were facing, any systematic wide initiatives must be seen as sufficient otherwise it would fail. And I think the idea that in the scale of the crisis that people were facing that a general political statement from the Government would've prevented a bank run, I think would not be a credible option.