Mr. James Menton:

Yes, I concur completely with the Deputy's analysis. There are two aspects to what is under discussion here. Obviously, the national maternity hospital project is the main business of the day but I think the Deputy raises a very interesting point. If we had never been asked by the Government or other stakeholders to partner on the national maternity hospital project, I do not have a scintilla of doubt in my mind that we would have a new holding company with the same constitutions and same share purchase agreement with the share indemnity. The Deputy's point is well made. Demographically, it was withdrawing.