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Can you explain in more detail what unlocking the sasine register means?

So just to be clear, as an alternative to completing the land register we will—semi-permanently, I presume—still run the sasine register alongside it?

How closely do you work with the Scottish Government sponsor department on that?

Can you explain that a bit more?

Therefore, one could describe that as a pragmatic compromise.

The report also states that there is a £70 million maintenance backlog. That is a heck of a lot for an organisation of this size and with the resources that it has. How on earth did the backlog reach that level?

How much reassurance can you give us that your partners are vigorously pursuing that if you are not currently looking at it?

I am still a wee bit worried about the differences north and south of the border. Did we approach it very differently up here, as opposed to how it was done down south? Did they not use local authorities as the obvious avenue to manage a great deal of Covid-19 payments? I am worried that there may be a hidden amount somewhere that will jump out at us.

First, I want to go back to the intervention that I made earlier about the smelter, just for clarification in my mind. You are relying on a 2019 book value to cover the Scottish Government’s potential liability. Book value is not necessarily market value and it is certainly not forced sale value. Normally, as a matter of prudence, when the Scottish Government is in the position of a lender and, if you like, a guarantor, it would look at forced sale value to ensure that, in the worst case, it would be covered. Has that forced sale value been calculated? If so, does it still cover the potential liability of the Scottish Government?

Okay. I was taking the book value as the book value, but you are saying that there is a bit more behind it. Nevertheless, the important thing is the forced sale value, to ensure that we have cover.