i'd just like to make  two or three points  first of all the exchange factor which frank touched upon when, when talking about  profits  you probably all totally familiar but i have forgotten quite how much the dollar has strengthened recently  beginning of the year it was nearly two dollars  and the result of that is that for the erm first half as a whole  the impact of er exchange translation was adverse for our profits compared with last year to the tune of about one and a half million pounds.