Thank you. I had intended initially to direct my questions toward Professor Ward, but I'm going to pose my first question to Mr. Husum.
You indicated the number of wasted votes under the proportional system. Within an STV district, for example, it is going to be essentially the percentage or fraction that is the number of candidates minus one. Is that correct? If you have three candidates—three vacancies, effectively—it would be one-quarter of the votes, which is 25%, that would be wasted. Did I understand that correctly?