Mr. Tony Grimes:

Well, it's absolutely clear that if the institution is insolvent the Central Bank could not lend without a formal guarantee of the Government. Now ... and yes ... that's absolutely clear. In the situation in which the authorities think that the institution is solvent but illiquid, it has been the practice also to require a guarantee of the Government, even if the institution is not formerly insolvent. But ... and that's the way it has been in practice.