Mr. Tom Browne:

Again, you know, I don't think ... it wasn't unsustainable in the context of where we were at at that moment of time. The exceptions, as I explained ... you have to look behind the reason behind the exception in every loan. You know, at the time in the marketplace when you were actually going out to investors, you were being quizzed on a continuous basis in regard to the sustainability of the model. And in every situation we were actually able to kind of explain why we felt the model was sustainable. And the growth in the bank really in the years was going to come from markets such as the UK and the USA.