Mr. Seamus McCarthy:

The point I was making was that it was college resources that were being put into a foundation that the college regards as being a separate entity. The concern I would have would be that the resources of a body that is accountable here would be alienated from the body. That is the concern to which I wanted to draw attention. I believe I pointed out that it gets a substantial part of its funding from the Higher Education Authority, HEA, but that it also has other sources of income. As I said, the point in question was the transfer of college resources into a foundation.