Mr. Frank Daly:

I think regarding the reference to "As agreed at its 12th December 2013 meeting", that was not a decision of the December 2013 meeting - that there would be a £1.3 billion. It was a general discussion. I would refer the Chairman to page 109 of the Comptroller and Auditor General's report, which states: "The Board agreed to consider the matter of price in conjunction with consideration of the above sales process paper." I agree with the Chairman that a bald reading of it, one would say: "Where's the decision on the 12th?" However, there was not a decision on the 12th.