Mr. Diarmuid O'Flynn:

We got a copy of the promissory note through a freedom of information request. I will read it out. It was from December 2010. The promissory notes were issued over the period 2009-2010. It was not just suddenly €31 billion. It was done stage by stage and step by step. The note is addressed to Professor Patrick Honohan, Governor of the Central Bank of Ireland. It states:

Dear Patrick

I am advised that the Central Bank (the Bank) may decide-----