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MR. NOSSEL: The Board.
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MR. GOLDSTE1N: You have three different
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Retirement Boards. The law says they are responsible.
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In order to have the proper guidance, we have an Advisory
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Council, three top men, Mr. Baker, Mr.Roystor ,
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Mr. McCardle, and we have Lewis Tignor, a full time man
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who works for these three retirement systems, works
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with the Director of the Retirement Systems. Then we
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also have your company down there, T. Rowe Price and
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Associates. We have got top counsel. We are responsible
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for the money. At least, we now have a system that
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is working. It is really, good, because of our earnings.
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MR. SAYRE: I have a line of thought here.
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This is good. Everything you have done, I think was over-
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due and you made it come into being, but the function
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there that you are placing is as a member of the Board?
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MR. GOLDSTE1N: That is right. Also as an
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elected official. I want a job to be done so it reflects
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credit to me and the State of Maryland.
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MR. SAYRE: This reflects your estimates becaus
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if you have a larger return --
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