Mr. John Collison:

That was the approach that PIMCO made to NAMA. We looked at our portfolio at the time to establish exactly who were the Northern Ireland-based debtors and what the bundling, as the Deputy described it, of their debt would amount to in terms of potential value. The Deputy is right, and it is referred to in the board paper, that some of these debtors only had assets that were located in the North while others had branched out and had bought property in-----