Mr. Tony Grimes:

Well, I think it should probably be read in the context of the message of the 2007 FSR, which recognised a lot of the issues that you talked of, the increase in concentration in property, even though some of the aggregates had actually started to improve in 2000, you know, in the period. But it would have been referred to in the presentation, the fact that the concentration in property was still high, at the time we were speaking there were just the first signs, I think, of a decline in the commercial property market. So it would have been a concern certainly of the bank in its presentation.