Mr. Frank Daly:

I want to apologise to the committee for the late arrival of the statements. It was not intended as any discourtesy towards the committee and its members. The reality is that we have been working long and hard in recent weeks not just on the statements, but also on the great number of questions the committee has quite legitimately sent to us. I know some members of the committee were in the Dáil until very early this morning for the debate on the Finance Bill. I assure the committee that many people in NAMA were working very late on these statements. No discourtesy was meant in the late arrival of the opening statements, which was a factor of the volume of work that is involved in this.