Mr. Frank Daly:

Yes. Of course I was interested in feedback in a strategic sense. We have been talking at Northern Ireland committee meetings for months about the lack of opportunity in Northern Ireland; there was no interest in the portfolio, no interest really in any of the debtors and no interest, in particular, in any proposals to NAMA for investment in any of those assets. Then suddenly we got an expression of interest, and of course I was interested in what they thought of it. I am just reading back on the note here and it does not seem that we got a huge amount of feedback from the external members.

As to telling them, here was an approach and the board would consider it in due course, that is routine sort of stuff. The Deputy talked about courtesy earlier. It would have been quite disingenuous of me to go to a meeting in October and talk about strategic opportunities in Northern Ireland and not indicate that suddenly there is an expression of interest and is it not great-----