Mr. John Callinan:

On the latter point it is a theoretical possibility. I am not sure that there is any strong reason to believe that it is a real political possibility at the moment, but if they were to reverse we would not be objecting to it given that our objective is to maintain the status quo.

In terms of transition, much depends on the nature of the exit and the nature of the future relationship, and no one is in a position to say at this stage how long that will take. There are many different estimates floating around about how long it might need to be. Different industry sectors are saying it might require two, three or five years. It is very difficult to estimate at this stage of the process. As the discussion moves on and we begin to get into the future framework it will become more apparent and clear what the nature and the time-----