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

8314:26:551 regard.23 If you turn to the transaction of the 28th of October of 1994, the rate on that4 day was 1.007. And if you take 4,000 pounds Sterling and divide it by that14:27:145 rate of 1.007 you reach a figure of 3,972.19. And again if you subtract two6 pounds commission from that, you reach a figure of 3,970.19. And again, those7 figures accord with the documentary records with which you have been furnished.89 Now, I then turn to the transactions of the 9th and 10th of May of 1994.14:27:4810 And the rate on the first of those days was .9975. And if you take 5,45011 pounds Sterling and divide it by .9975, that results in a figure of 5,465.6512 pounds Irish. And that does not accord with the figures on the document which13 you have been furnished.1414:28:3715 We will make inquiries as to whether we can shed any further light on that.16 But that is the position at present.1718 Now, if you take the following day's transaction involving the 50 pounds19 Sterling. The right on that date was .9980. If you divide 50 pounds Sterling14:28:5720 by that rate of .9980 it yields 50.10 Pounds Irish. Again, that does not21 accord with the documentary record and we will, if we can, try and clarify the22 position.2324 If as an exercise you were to apply the previous day's rate, the figures would14:29:2325 be as follows:2627 50 pounds Sterling divided by .9975 equals a figure of 50.12 Irish Pounds.28 Again, that does not accord with the documentary record.2914:29:4330 As to what the significance therefore of the documentary record is, that is asPremier Captioning & Realtime Limitedwww.pcr.ie Day 839