Mr. Tony Smyth:

Yes, we raised that matter with Insurance Ireland when we met the Minister of State, Deputy Harris, and Insurance Ireland a month or six weeks ago. The flood scheme in Cork is not driven by a sum of money, which it seemed to indicate in its letter. Rather, it is driven by providing a particular standard of protection against flooding. The budget is then developed to support that. A cost-benefit analysis and other things have to be done, but we do not start with a sum of money and see what we can get for it. We start with a level of protection and then determine how much that costs. We raised the issue that it was of concern. It is too early for it to make a call. That can be done when it sees the scheme in spring 2015.