Mr. Jim Baneham:

I will go back a little bit and explain the nature of the arrangement with the AHBs. We had capital money, so it was straightforward for us to buy the houses once there was good title and the local authority was happy for us to buy them, etc. That was the relatively easy bit. When we were selling them, and this was how the fund was rotated, by selling the properties on, mainly to AHBs, those AHBs had to fund that acquisition.