I thought it would be useful just to give a little bit of background. The first thing is that the Government, quite rightly, offered to advance the company last year $900 million at a rate of 9 percent, which at the time was an incredibly high interest rate. The company has taken up roughly about $350 million of that loan. That loan of $900 million was offered without any letter of expectation. The troubling bit about this change is that very recently the Minister offered another $600 million, which took the total offer to Air New Zealand to 1.5 and reduced the interest rate from 9 percent to 5.3 percent. Bearing in mind that the company's only taken up $350 million, the most troubling thing is why the Minister took it upon himself with this second tranche of lending to the company to then write this letter dated 8 April. So that's the first issue: why would you in the first instance—and he talked about it before; trying to support the business. He did that in a manner free of interference from the company but the second tranche came with significant conditions. 