Mr. Des Carville:

I will expand on this because it is very important. We examined this with Goldman Sachs in 2015. This advice was free of charge, incidentally, as we had Goldman Sachs on retainer for a year free of charge. We examined it again in 2016 when, following a public procurement exercise we appointed Rothschild as our independent financial adviser. This examination considered precisely the question the Deputy raised, along with other questions. Using our own expertise we did our own internal analysis. All three led to the inescapable conclusion that if we were to hold the bank in perpetuity and run it for dividends it would take decades - I think it was 30 years - to recover the money.