Mr. Frank Daly:

What Mr. Cushnahan declared, speaking generally, was that he was acting as a consultant or giving financial advise to debtors A, B, C. I was aware of this and, as far as I was concerned, the really important thing was that I was aware of it and should ensure, as chairman of the NIAC, that there would never be a discussion even remotely related to any of these debtors. As well as or supplementary to this, at the beginning of every meeting each member of a board or a committee is required to make an oral declaration of any conflict of interest in relation to anything that might be on the agenda. He made several such declarations and we have indicated them for the committee.

They were never relevant, actually, to anything discussed at any of those meetings. In the normal way when one does that, one recuses oneself. He never had to because there was never any-----