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

8214:24:111 A. It's automatically generated.2 Q. 525 I see. Now, can I just deal with one other matter. Sir, in a sense this is a3 matter of mathematics rather than evidence. But just for the record, as far as4 the bank is concerned and I think Mr. Hughes may or may not feel able to14:24:365 comment on this.67 It was put to him that there was an inconsistency between the 4,000 pounds8 Sterling transaction of the 9th of March of 1994, and the 1,000 pounds Sterling9 transaction, that was put to him. And it was put to him that if you multiplied14:24:5510 the 1,000 pounds transaction it's equivalent in Irish Pounds, you didn't get11 according figure in the 4,000 pounds transaction. The bank's position is as12 follows:1314 As to the 4,000 pounds Sterling transaction. If you divide that figure of14:25:1515 4,000 pounds Sterling by 0.9705 and omitting indeterminable decimal points, you16 get 4,121.586. You may round that up to 4,121.59. And if you subtract a two17 Euro commission you end up with 4,119.59 Irish. And that is the figure which18 is recorded on the relevant docket.1914:25:5720 As to the remaining two transactions on that day, I need only cover them once21 because it is the same transactions repeated. If you take 1,000 pounds22 Sterling and again divide it by the same rate of .9705, you get 1,030.39.2324 Now, if you were to take the course of rounding that up to 1,030.4 and subtract14:26:2925 the same commission of two pounds sorry. I have referred to Euro where I26 should have referred Irish Pounds. Subtract the same commission of two Irish27 Pounds, you reach a figure of 1,028 Irish Pounds and 40 pence, which again28 accords with the relevant dockets and records.2914:26:5030 So the position of the bank would be that there is no discrepancy in thatPremier Captioning & Realtime Limitedwww.pcr.ie Day 839