Mr. Chairman, just before Mr - The Tribunal of Inquiry into Certain ...

3411:50:201 Q. 103 Well we would welcome an opportunity to revise our opinion of value in the2 event that the proposed planning application is successful. I am putting the3 question, Mr. Gunne or his agents valued your land at 97,222 pound per acre4 without any potential further planning endorsement to the lands. Do you agree11:50:455 or not agree?6 A. That's the valuation Mr. Gunne gave.7 Q. 104 You agree that's fine. You agree let's leave it at that.8 A. How can I disagree with that?9 Q. 105 That's fine.11:50:5510 A. But it was on the footprint that I had put together.11 Q. 106 No no, no footprint.12 A. Yes it is on the footprint of the whole. As I said before the value of the13 whole was greater than the some of the parts. Because the Dublin Corporation14 land was, to all intents and purposes more or less land bound, there was access11:51:1515 onto the Irishtown Road which devalued it immensely.16 Q. 107 That's not even part of the question. I will just move onto the next valuation17 then on 2596. And this is Lisney's valuation I think, instructed by one of the18 bank's Mr. Gilmartin, isn't that correct?19 A. Probably.11:51:3420 Q. 108 They have put two values on it I won't delay. They have put 12 million pounds21 or 66,666 pounds per acre, or on a break up value 16 million pounds which is22 88,888 pound per acre. Do you agree that that was what Lisneys valued the23 lands at at that time for the bank?24 A. That's -- well correct. I think this document came from my documentation, that11:52:0525 I supplied.26 Q. 109 Fine. Okay. We are agreed. Now could we just -- now can I just go on to27 3269? Maybe you could have up along side it 2558 please? Now this is your own28 letter heading I gather Mr. Gilmartin, for the Westpark project and you are29 writing to AIB. This is a schedule, I think this is prepared by Mr. Foreman on11:52:4330 the right and your letter on the left.Premier Captioning & Realtime Limitedwww.pcr.ie Day 474