Thank you very much, Mr. Smith.
Now we're going to move to the question and answer portion of the meeting. The first round is a six-minute round. The six minutes includes both questions and answers. I'm going to ask you to be as crisp and concise as possible so that each questioner can ask a few questions they may want to ask. I will once again give you a warning when you have 30 seconds left in your question.
We'll begin with Mr. John Nater for the Conservatives.