Hon GRANT ROBERTSON (Minister of Finance): Firstly, any decisions we took around the question of an indemnity were based on the advice that we get; but in the end, the Minister of Finance is responsible for those decisions. The advice that I received from the Treasury was that an indemnity was justified. The way in which the Reserve Bank's finances appear on the Government's balance sheet mean that, in a sense, we're moving money from one part of the balance sheet to the other, but obviously there's a marginal cost caused by being involved in the secondary bond market. When we did do this, we considered all of the options, both on the positive and the negative side. I repeat what I've just said to the member: when we were doing this, we were facing the prospect of double-digit unemployment, we were facing the prospect of economic activity slowing significantly. Had the Reserve Bank, through its monetary policy, or indeed the Government through its fiscal policy, failed to act, and had we seen a much deeper impact on the New Zealand economy, I'm quite sure that the member would be raising her concerns about that right now.