Mr. Michael Buckley:

In my opening statement this morning I ... among the things I said was ... a point I made that if you rely on percentage numbers when you are looking at growth rates ... I'm talking about lending now ... that it may be misleading. Because ... in my time at the beginning of my time our actual exposure to property and construction overall started at the number of €6 billion ... this was for the whole group and it went up during those four and a bit years to €19 billion. And on the Irish side of it within that number it went from €4 billion to €11 billion. And I said this morning that ... and I would repeat it again .. that in the context of the demographic situation to which I alluded which was unprecedented in the history of the State, that I felt that at that point we were not significantly running ahead of what was required in terms of infrastructure in the country. So the percentages don't ... how do I say ... I don't work off the percentages. I mean what kills a bank is pounds, shillings and pence lent rather than percentages lent so that's really my answer. I hope it ... it meets your question.