Mr. Justice John Hedigan:

We had our third formal board meeting last Thursday. We had a board meeting very shortly after it was launched as a get to know you exercise and have a training session. We had people from the Institute of Bankers come to deal with issues such as competition law, the problems that arose when one got a group of bankers together and current issues in banking in order that our non-banking staff, including me, could be brought up to speed on issues with which bankers were familiar.