Mr. Mark Griffin:

I do not know what is going to come out of it yet because we know we will get back our capital plus whatever return might arise. We were in a particular situation when the fund was being established. We wanted to explore what models there might be to generate activity in the private sector. We were limited in the type of fund that could be put in place because we could not direct the activities of the fund. This was because doing so would have meant the money would have come onto the general Government balance sheet, which would have been problematic given the budgetary situation at the time. To comply with state aid rules, there was an obligation on the Department to be at arm's length to an extent.

As to lessons learned-----