Mr. Seamus McCarthy:

As I understand it, we have not seen the draft McLoone report, but I understand it is very wide-ranging. We have looked in detail at the FeedHenry spin-out and the development, or at least the disposal, of the institute's interest in it. I was holding off on making a decision to produce a report pending the issuing of Mr. McLoone's report because I felt it would be better to see it. I believed that if we had something additional to add, we could then make a decision, but, given the time, it is probably better that we press ahead with the report. I am working on it, with a view to clearing it with the interested parties. It will, however, focus exclusively on interests in FeedHenry.