Thank you very much.
I would like to make a suggestion before we go into the first round. There are many witnesses and advisors around, so if you want to get the biggest bang for your dollar, please point to whom you want to answer, or if you want everyone to answer and take up your minutes, that's fine too. We're very strict with our time, to be fair to all members.
Madam Hall Findlay, you have eight minutes.