Mr. Paul Maloney:

I have a two-part answer to that. I accept the Deputy’s premise. That we paid off all our debts without recourse to the taxpayer is a very significant issue, notwithstanding the Deputy’s point on public gain, which I accept. Second, I accept the Deputy’s point that if we had had another valuation, it would, of course, be of great comfort to me sitting here today, but I must counter the point by saying, with all my professional experience, that I have no doubt that had we got a valuation three weeks in advance of what the Comptroller and Auditor General refers to, it would have been in excess of €3.75 million. It would have given comfort from a corporate governance perspective, which I absolutely accept, but it is my absolute contention that the figure would have been around that valuation. Three weeks later, an independent company gave a valuation of €412 million. As the Comptroller and Auditor General said, this is an independent RICS valuation.