Mr. Alan Stewart:

I think he did follow it through in the sense that, after 11 March, the message to take back to PIMCO was that the board viewed this as a very serious issue for NAMA and that message was delivered back on the morning of 11 March. In fact, it was immediately after that board meeting. So, that was taken back to PIMCO. The call later that day was PIMCO saying it was willing to withdraw. If we look at the record from 11 March, there is a note at the top of the page. I do not know if Deputy Cullinane has it. We can see that it was explained and "reiterated that it was a very serious issue for NAMA and that there was a need for Pimco to reflect on this and what this meant for Pimco in terms of the Eagle process". That was said on the call on the morning of 11 March immediately after the board meeting. The board's view was taken back, I believe, very clearly to PIMCO and its was the next move, as it were, and it stated-----