Mr. John O'Connell:

A danger of large numbers of head count being reduced and so forth is that we lose that corporate memory and the local knowledge, whether that is a farmer or a small businessman. If they are not there we are then into a situation where a decision is being taken remotely by somebody who does not understand the implications and that every couple of years this particular farmer or business has a downturn but that it is cyclical and will come back. That is the type of knowledge that determines the categorisation of loans and so forth that it is important to retain.