Minister and Ms. McPherson, I apologize, I'm going to have to stop right there. I've been somewhat lenient.
For the benefit of our colleagues, we're going to go through a complete second round. We are going to surpass our scheduled time by five to 10 minutes, but given our late start I thought that would be the equitable thing to do.
Now, we go to Mr. Waugh for five minutes, please.