Dr. Ruaidhrí Neavyn:

The same; the DCS structure will deal with those loans. They will be a subsidiary of the college. The advice we would have received, indeed the advice Mr. Quigley may have received, is that the loans were not incurred by the institute as such, therefore they are an undertaking of the subsidiary structure or the company structure. However, the plan is well in place to deal with those loans. With regard to the repayment of the moneys to be forwarded for Manor Village and Carriganore, exact details and workings have not been fully calculated at this stage. We have just effectively made the company structures subsidiaries of WIT since 1 October and we must now do the detailed financial analysis of the cashflows of the companies and their ability to repay the money. That will be greatly connected to the Manor Village income, and Mr. Quigley makes the point in his report that it is a financially viable entity. We are using the assumption that the funding generated from the Manor Village complex would repay the moneys to be forwarded by the Department.