Mr. Brendan McDonagh:

Well, I suppose ... going back to what the chair ... Mr. Daly said earlier, when you looked at the balance sheets of the banks at the end of 2008, of the €160 billion that was lent in land and development lending, €60 billion of that €160 billion was to pure land and development lending. Typically, land and development ... when you're involved in that type of lending, there really ... there's no income coming on the assets until the assets are built out, either rent at that stage or sold. So, typically, in that type of lending, the banks roll up the interest. There's interest accruing each year. Say, if they lent a loan at €100 million of a loan, for argument's sake, to buy land and to build an office building-----