Mr. John Collison:

We felt that the value was in decline. There is no doubt about that. The fact of the matter is that the portfolio, like very few very attractive assets within that portfolio, comprised investment property and was throwing off a rental income of close to £100 million, but these were secondary and in some cases tertiary assets. Much of the portfolio was mixed. Over 40% of it was located in Northern Ireland. Probably a little over 40% was in Britain but these were not located in the south east in London. These were located in regional locations. Our view on that was these were challenging markets. Our overall sense was the value was under pressure.