Mr. Declan Lavelle:

We do various capital valuations for certain public bodies and advise them on rental levels. The clients we have include the Department of Agriculture, Food and the Marine, for example. We value the fisheries harbours. The Department has properties on those harbours that it lets from time to time. When those leases come up for renewal, the Department asks us for advice on the current letting value of those properties. We also do work for the Department of Housing, Planning and Local Government, which looks after the foreshore. We do a significant number of foreshore leases every year, advising on a fair rental value for those properties. We also do a number of what we call asset valuations for accounting purposes for various public bodies.

We also do work connected with the Department of Public Expenditure and Reform's circular of 11/15 dealing with the interest rate transfer of property between one body and another. We do a number of valuations on those at-----