Ms Bernie Gray:

I will start and then my colleagues will contribute.

The Deputy opened by referring to pension funds' awareness of public sentiment. When we launched our strategic vision last April, we engaged in extensive consultation with all the stakeholders. We carried out several surveys of the public. The response and dialogue that emerged did not indicate there was any concern about our approach. In fact, the primary response was to ask us whether we could not do more. The response on Gresham House and what happened was unexpected because all our previous discussions and dialogue had indicated a positive response to what we were doing. That is the first point.

On the fund, whose full details will be given by Ms Hurley, we have an agreement with Gresham House that the fund will plant 12,000 ha, 3,500 ha of which will be new forest. In the same way that we have to honour our agreement, Gresham House has to honour its one, as it has outlined to the committee. Some 3,500 ha of new land will be planted.