Mr. Robert Watt:

These charges go back to the 1970s. People were able to seek redress for charges that were levied from the 1970s. An estimate of €1 billion was the number that was set out in that regard. That was an estimate of the number of claims that would come forward and an estimate of the legal costs and actual settlements. Therefore, there were a number of different factors. There were at least three different factors. As I understand it, a calculation of the charges was made and then a calculation of the State support for those charges. Then, there was an uplift with regard to the consumer price index, CPI, and whether interest and penalties applied in this case. There were, therefore, many different moving parts. The significant element is that there was an estimate on the number of people who came forward. While a large number, almost 30,000 people, did come forward, 22,500 were ultimately in receipt of payments under the scheme. Then, €480 million was the total cost.