. The Price Waterhouse report, which is an accountants' report prepared "in contemplation of litigation", does not, comprise a list of payees or other beneficiaries.
. The report addresses only those specific transactions and bank accounts which Price Waterhouse was instructed to examine.
. Two-thirds of the payments, listed from the bank accounts examined by Price Waterhouse are such that the nature of the payments and the beneficiaries cannot be determined.
. Approximately 50 per cent of the attributed payments from the bank accounts examined by Price Waterhouse have been to persons who are clearly not relevant to this examination.
. As the major portion of the payments examined were in the form of cash or bearer cheques, the main basis for the attribution of benefit is the existence of endorsements on some of the cheques.
. Endorsements do not precisely identify the person passing title to the cheque and cannot be held to be sure evidence that the endorser is the actual final beneficiary of the funds.
. The name of one-public representative was obvious due to the nature of the transaction. This was the well-publicised case of Mr Michael Lowry TD.
. Three names were noted who are related to a former public representative.
. One name was noted which was similar to a public representative's in Dail Eireann. This public representative has assured me he is not the person named in the report.
. None of the attributed payments were to persons bearing the same names as any member of the Seanad.