Mr. Liam Kelleher:

You quite fairly, rightly, refer to the property sector and I've been ... we have been both been drawing a bit of a distinction during this morning in saying that the focus of the federation was on contractors, subcontractors and house builders. Now, there are elements of the property sector ... the wider property sector that are absolutely remote from the ... from the federation. In fact, if I can digress for just one minute Deputy and I'm not cutting short on you, on pages 115 to 118, there's a reference to a series of representations made by ... by bodies to Government Ministers and I've taken from the year 2001 to the end of 2007 and there are 62 references there ... 62 items of correspondence. Twenty three of them just were made by the CIF or the IHBA, a constituent member. Thirty nine were made by other bodies in the wider construction, in the wider property sector, 19 different organisations and individuals. So, I suppose a point I would make strongly is that property is wider than construction. Construction is the most obvious and most visible. Construction is the supply side that adds to the stock of property in the country. But that's what it is. It is the new build ... it is the new build side of things, not the wider property and not the financing of property-----