3 4 MR. QUINN: Good afternoon, Sir. Mr. John - The Tribunal of ...

1814:44:171 O'Callaghan, Mr. McGrath, Mr. O'Farrell where you review Riga and the Barkhill2 position, that's the 11th of January '94.3 A. Yes.4 Q. 103 And I think you advise in relation to the Barkhill situation. That "Mr.14:44:385 O'Callaghan was meeting with the County Manager on Thursday and that he had6 indicated that there would be no difficulty with planning and that they would7 be going for retention".8 That's in the fifth paragraph commencing from Thompson/Riga point of view.9 Just if we look at the very last sentence of that.14:45:0410 A. This is in relation to Carlow, is it?11 Q. 104 Yes.12 A. Is that right?13 Q. 105 Was there a company Thompson Holding Limited?14 A. Yeah, that's Carlow.14:45:1715 Q. 106 Is that in Carlow?16 A. Yep. As you will see from the top of the note, I think if you scroll up a bit.17 Q. 107 Yes you're quite right it's headed Carlow. So you were developing in Carlow18 and you had borrowings from Riga in relation to that development, is that the19 position?14:45:3320 A. Yes, that's one of the developments we were undertaking jointly with Thomas21 Thompson Holdings at the time.22 Q. 108 And if we look at 10648, I think you had a number of other developments under23 way at the time including Cumberland House, Prize Bonds House and Athlone.24 A. Could you just enlarge the top of that there please?14:45:5225 Q. 109 Cumberland House is the first one.26 A. Yes, I just, the fact that Cumberland House -- you will see there that we27 expect to achieve a loss of 750,000 pounds on the sale of that. You may recall28 that was the investment we made when we thought Mr. Gilmartin was going to29 actually pay the full amount of money and due to pressure from the bank to14:46:1730 regularise our borrowings we committed to sell that. And you can see therePremier Captioning & Realtime Limitedwww.pcr.ie Day 881