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

4812:30:361 A. That was their professional opinion.2 Q. 128 No this is facts. He is dealing in hard facts here. He is dealing in actual3 outlay as against surplus on valuation.4 A. Well let's see what this is in respect of. This seems to be part of a bigger12:30:565 letter.6 Q. 129 It's what?7 A. The overall letter I would like to see.8 Q. 130 Well I don't know, we are dealing with what's here in front of us, that's all9 we can do.12:31:0710 A. No that's part of a, of a professional, of their professional thing on this,11 and you will find that it's part of an overall --12 Q. 131 No it's just Mr. Foreman telling you that your land valuation from Gunne's is13 17.5 million pounds and your outlay in assembling the site at 11.3 million of14 which 2.5 has already been paid?12:31:3815 A. Yeah but the site wasn't fully assembled when that was done. The outlay at the16 time, but I think you will find that the Rahilly land and other bits and pieces17 were not fully in the bag at that time.18 Q. 132 So the valuation was to show a surplus.19 A. Rahilly land came much later and one or two other bits and pieces.12:32:0320 Q. 133 Mr. Foreman is saying the land required to develop the proposed site has21 already been acquired or is under offer and the cost of the land which we22 assume under offer --23 A. There was 185 acres, the land to develop the shopping centre was which as you24 know was zoned was 120 acres, there was another 60 odd acres over and above12:32:2625 that Mr. Lawlor. He is referring to the actual footprint of the shopping26 centre we had proposed.27 Q. 134 No I think he is just dealing with the specifics of the situation at the time?28 A. No I said this is part, it's number 3 as you can see on what ever that report29 that he was doing at the time.12:32:4930 Q. 135 Okay. Just --Premier Captioning & Realtime Limitedwww.pcr.ie Day 474