3 4 CHAIRMAN: Good morning, Mr. Murphy. 5 - The Tribunal of ...

5612:37:581 A. Well maybe that was the wrong word but go on.2 Q. 398 Well that's your word?3 A. Well then I retract it.4 Q. 399 What are you saying to the Tribunal. That you apply different rates for12:38:095 different people, is that it?6 A. No that's not what I'm saying. I was saying that was the rate that that7 operative put through that machine at that time. What I can't comment on what8 rate actually used or not. I assume that it was correct.9 Q. 400 Well we've heard your evidence on the time. Let's just take the time page12:38:2410 number up on screen 27286 the time is 10 24. Right?11 A. Yep.12 Q. 401 On page No. 27288, page 289 is more legible actually. The time is 10:31. So13 are you suggesting that there was a rate change in the Irish Permanent even14 between 10:24 and 10:31?12:38:4915 A. No.16 Q. 402 So how do you explain the difference?17 A. I can't.18 Q. 403 You don't?19 A. I can't.12:38:5320 Q. 404 It's is it possible that these were different transactions with different21 people?22 A. Different operatives.23 Q. 405 No. Different customers as in a sweet heart deal for Mr. X?24 A. No.12:39:0725 Q. 406 And a different deal for Mr. Y?26 A. No.27 Q. 407 So what are the possible explanations that you could offer to the Tribunal for28 the different exchange rate?29 A. I'm not in a position to make that explanation to the Tribunal.12:39:1930 Q. 408 But Mr. Hughes, you are the manager of the branch, you had 11 years experiencePremier Captioning & Realtime Limitedwww.pcr.ie Day 839