Mr. Des Carville:

That is a fair challenge and I will try to explain it. There are two parts to this. One is that NAMA is down to the last 2% of its portfolio. The second point is that whatever is left at the end of 2025 will go into the resolution unit within the NTMA. It will continue on. If a State agency such as the Land Development Agency has an interest in some of NAMA's assets, which are loans rather than property, as the Deputy knows, there is scope for the LDA to become involved and to deal with NAMA and-or the resolution unit. It is in that context that we believe it will have a neutral impact.