Mr. Noel Cahill:

I will comment briefly. On how we might get started with cost rental, in the first instance, a local authority which has land would be in the position to do some cost rental developments. The issue of being on or off the books has slowed things up too much. There would be benefits if an entity could be created formally outside the government sector. One of the benefits would relate to the economic cycle. When recessions come, there is invariably pressure to cut spending. In the Austrian case, however, cost rental providers have continued to build during recessions, something that has been facilitated by the fact that the entities are formally outside of government. One could start with local authorities but ideally cost rental would be done with other entities such as a public body that operated on a somewhat commercial basis, but there are various models.