Mr. John Collison:

Again, it was more like an expression of interest. On page 22 of the Comptroller and Auditor General's report there is a reference to a letter that they submitted to NAMA and I believe they valued the Northern Ireland proportion, in other words, the Northern Ireland assets, at about €1.1 billion. I think that was the figure they might have put on it at the time but it was a tentative offer. I suspect they probably could not have had full knowledge of what were the cross-collateralised positions on some of these debtor connections. In other words, the fact that a debtor might have had three or four assets in the North, they then might have bought some property in Britain-----