Mr. Seamus McCarthy:

No, I do not think it was. I think the Higher Education Authority backed the recommendation that there be consolidation. Under accounting rules, the universities are not obliged to consolidate, because the way they have structured the foundations fails the test that would require them, and make it absolutely necessary for them to consolidate. There was a gap there. The committee suggested that if a university has a foundation, it should attach the financial statements of the foundation, so that at least those people who look at the financial statements, would then at least be able to see the set of financial statements.