Mr. Alan Gray:

And we were informed that the NTMA were at a meeting the previous day with the Central Bank, the regulator, the then Minister for Finance and their teams of advisers and the outcome from that meeting was the proposal that was being put for consideration to the Central Bank board, and I wasn’t at those meetings that Mr. McDonagh was at on the 24th but I am outlining what we were told as Central Bank directors the next day and what the formal signed-off minutes by everyone shows was the case.