Mr. Frank Daly:

Would I write to him? Knowing what we now know, certainly. The Deputy should remember that we did write to him afterwards when we received other information on his activities. Knowing what we knew in March 2014 which was nothing other than PIMCO's statement that he was to participate in a success fee arrangement and knowing that he had been gone from the committee for several months at that stage, we took the view - the Deputy has her view and I have mine, which is quite legitimate-----