Mr. Ned O'Hara:

Yes, it did ten or 15 years ago. The issue in banking and serious loans is a capital issue. For instance, 40,000 or 45,000 mortgages were issued in the country last year. If one mortgage was done by each post office per month, approximately €2.7 billion would be needed; that is 12,000 mortgages a year. To finance one mortgage a month, then, for 1,000 post offices there is a capital requirement of €2.7 billion. Who will generate that kind of capital?