Mr. John Coleman:

It would be preferable for our activities to be off-balance sheet. Ultimately, that is a consideration for the Central Statistics Office and EUROSTAT. The point is that one would like the LDA to be quite active during a downturn, when the private market might not be as active as otherwise. Post 2009, the private market was effectively dormant. An organisation such as the LDA which can operate independently, could have stepped into the market, which would have been of benefit. It is important for our long-term objectives but it is not exclusive-----