Mr. Alan Gray:

And apologies. The only reason I left that out of the board minutes was that I was proposing that all of the annexes that I had submitted would be publicly released, and because it referred to two specific institutions it was my interpretation under section 33AK that I might be breaching that to include it in my evidence. The legal advice to the commission is that I can't include any of that in my public evidence, so that was the only reason for that. My recollection of the minutes ... and not the minutes ... my recollection of the meeting was the Governor explained that there had been discussions with the banks prior to this issue coming before the board of the Central Bank. And he explained that the major banks had up to this date been against a guarantee but that, given the evolving liquidity position, that their view may have changed, and that the Governor and the Department of Finance were going to continue their discussions with the banks.