Mr. Seamus McCarthy:

The board will be in place from 2015 to 2018. I think it was a complete replacement of the pre-existing board. Obviously, the current board members have a difficulty in rectifying situations that prevailed prior to their appointment but I am satisfied that they are taking strong steps to improve the situation. I anticipate that matters will be better for the 2013 to 2014 period but I cannot give an opinion until the audit is completed. I will certainly be reporting and drawing attention to matters if I am dissatisfied.

I would also expect the capacity of the college to speed up the delivery of financial statements to improve. We are further along with the 2013 to 2014 statements. I would expect to have those early in the new year and then the 2014 to 2015 statements by about the middle of next year.