I admire Bord Iascaigh Mhara and do not want to criticise it, but I have few childhood memories as poignant as seeing fishermen's boats being repossessed. The children of those employed in the industry left school at 13, not because they were not bright, but because they could not afford to stay there. They did not have the experience of learning beyond that age. A few years later they were given responsibility for a boat costing hundreds of thousands of pounds with huge bank repayments in an industry which was totally weather dependent. They had never learned how to budget. They were still working on the basis of the old co-operative method of fishing where there were ten shares – one share for the boat, two shares for the skipper, and so on. They tried to run modern boats in exactly the same way. It was completely wrong. Many of the decent, hard working men were devastated and never recovered from the shame of being unable to make the necessary repayments and their boats being taken from them by a sheriff. When it came to paying back the loans nobody explained to them the importance budgeting over a period of a year. That is a difficult thing to do.