Mr. John Hannigan:

The committee should also know that this was the first tranche of work done by the CSO. The latter has started the second tranche of work on tier 2 and will eventually look at tier 1 as well. Whatever opportunity there might be for tier 3 bodies to return to where they were or to acquire a different classification, as a result of how the others are set up, if they are to be designated as on the State balance sheet, the likelihood is that they will never be removed.