Mr. John Tierney:

The Deputy must distinguish between two pieces here. I endeavoured to distinguish between them at the beginning through my introduction. I gave a more full explanation yesterday evening. There are two parts to this; first, there is the Irish Water programme that was set up within Bord Gáis to do the establishment work. That is the budget we spoke about yesterday evening. Second, there is the permanent organisation, the Irish Water business which has been coming on gradually since I took up duty as the first person to do so, on 29 April last year. It has been building up to take on the metering programme and then the responsibilities under the legislation from 1 January. There are several issues to be dealt with in terms of the treatment of assets and liabilities in Irish Water, including the-----