Mr. Brendan McDonagh:

I would not accept that. In fairness, one tries, at the time, to take a decision. We had business plans from 800 debtors. We had to review those business plans and make an assessment of what we thought the assets were worth when we were putting it forward to, in this instance, the credit committee of the board. If a property was being prepared for sale, we would accept that whoever was selling the property would give us an assessment of value for the asset. If it then went on the market, the market would determine what it was worth.