Lastly, in the interests of time, I want to ask a question in regards to three waters, which is a significant element of Government expenditure. I want to know, from the Minister of Finance, whether he believes the nearly $3 billion that has been allocated to local government for the three waters no-worse-off funding is good value for money? The context for that is, is that part or a portion of that payment in Auckland, $127 million, was utilised to repay an operating deficit from a prior period. It didn't lead to one single metre of water pipe going into the ground in that country, and I'm sure that is probably a joint concern for both of us.