Mr. Cormac Butler:

I have quite a lot of evidence. We have to bring it down to concrete evidence, to looking at the letters and seeing the links, but from what I have seen so far, small businesses in Ireland that had property would normally be given loans on a term basis. This means that, if a business had a property, it would be given a loan for 20 years and that it paid part of the interest in principle. Some of those small business owners were given letters stating that, under the new facilities, the loans would operate as on-demand loans rather than term loans. When these loans were transferred to recovery groups these groups were free to demand all of the money from the customer the next day and to sell the company's assets if it was not provided.