Mr. Mark Fielding:

The major challenge is to pull down as much as they can. There are businesses which are seeking credit in order to expand and they are being refused despite the assurances from the banks that they are giving nine out of ten loans being sought. We read in the report on Sunday last where the clarification to the ACC in the US was that the nine out of ten loans referred to fully completed formal applications, not "do not come near me for the moment, Mark, because you will not get a loan at the door of the bank or over the telephone". They are not counted.