On the latter point, the hon. Gentleman is well aware of what was said at the time of the Barlow Clowes affair, following an investigation by the ombudsman into what was seen to be a unique set of circumstances.

To answer the hon. Gentleman's other points—I hope, not taking too much time over it—the debt-on-wind-up provisions were originally linked, as I think the hon. Gentleman knows, with the wider provisions for limited price indexation. As they involved a great deal of the same work to bring them into effect—work that would have taken a considerable time—and would have imposed further contingent or actual liabilities on funds at a time when there was already considerable anxiety because of the uncertainty over the Barber judgment—