Mr. Seamus McCarthy:

There are two points from the discussion this afternoon. The first is to say that I think it is incorrect for my report to be characterised as stating that the discount rate of 5.5% was to be used in arriving at a likely market value. That is not what the report says, so I just want to put that on the record and we can talk about it again. The other point I would like to make concerns board members not having the opportunity to present a view. The board members did have the opportunity to present a view. I wanted the views in writing so that there would be no dispute about what those views were so I could take them into account.