Mr. Frank Daly:

One cannot get into the scenario about which the Deputy speaks without taking account of the risk involved. The scenarios we examined included an 80% disposal by 2016, accelerating even more if possible. The question that arises is if that gets us a good return and, in particular, if it gets us to the key objective - which is always in our mind - of repaying all of our senior debt and getting beyond that. The answer is that it does. One could suggest that this be done up to 2020 or 2030.