Mr. T.J. Flanagan:

It looks reasonably benign at the moment in terms of “anybody can set up their own reserve”. We would be concerned as to where this would go. It is creating a demand a person who is trying to establish whether to set up a co-operative or a company of some sort, it does not apply to the company but it applies to the co-operative. That is going to be a block to establishing co-operatives. We have never seen a need for it. Certainly in our sphere we do not believe it would add anything. It would effectively be a drag. There is a fear of where it would go.