Mr. John McCarthy:

The legislation going through the Houses on rates at the moment includes a provision to allow local authorities to create rates alleviation schemes for particular purposes. One of those could be the Patrick Street urban renewal-type concept. Subject to that legislation getting through, we will then have to make regulation to work out how that will actually work in practice. It is trying to provide a mechanism through which the local authorities objectives in some areas, be it regeneration or otherwise, and other activities for levying rates can be married together in a more coherent way, in order to give local authorities more flexibility.