David Cullinane (Waterford, Sinn Fein)
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I will be less than one minute. To be fair to Mr. McDonagh, he should be afforded an opportunity to retract his view on the view of the Comptroller and Auditor General if it is incorrect. Mr. McDonagh said in his opening statement that the view of the Comptroller and Auditor General is that a discount rate of 5.5% would have been appropriate to derive the market value of the portfolio. I have read the report. Nowhere in the report does it say that. Could the Comptroller and Auditor General acknowledge that it does not say it? Could an opportunity to withdraw the remark be given? It is not in the report. In layman's terms, is it the case that the probable loss, as referred to by Mr. McCarthy, arose when the decision was taken to sell the portfolio as a lot?