Mr. Des Carville:

That is a good question. There is a very involved process when a creditor puts in a claim. Special liquidators must ensure that every claim is valid and that all of the paperwork stacks up and so on, which protects the interests of taxpayers. I have the figures to hand in that regard. The liquidators accepted 1,200 claims, rejected 1,000 and 800 are in progress. Those figures are slightly rounded. The most recent update report, issued at the end of February, indicated that 3,000 claims were received and I am just updating those numbers. For the 1,200 accepted claims, if that is the accepted level as at the record date when the special liquidators decide to make the second payment, the creditor will receive 25% of its accepted claim. Some creditors were not accepted when the first payment was made and will receive a catch-up payment to bring them to the 50% level. As soon as a case of the 800 that are in progress is accepted, it will receive a catch-up payment to the 50% level.