Mr. Alex Pigot:

The Chairman asked a question about the price elasticity for consumer mail. Consumer mail represents 10% of overall mail. I have given a reference to this in the paper I have made available to the committee. I can find more references if asked to do so. As it says in the reference in the paper, "As far as letters sent by consumers are concerned, we can now speak of a service that is completely without price elasticity." What I am stating there is that increasing the prices for the consumer side of mail should have little effect on our volumes.

If I may have one more moment, I thank the CEO of An Post for saying my presentation was interesting. I have been in the postal world for 30 years and have a huge number of contacts and information from outside the country. If he is interested, I would be delighted to talk to him later.