Thank you, Mr. Boulton. I have to ask you to end it there because we've gone way over the five-minute mark for your opening statement. Hopefully, anything you didn't get to say will come out in our rounds of questioning.
I want to get a consensus from committee members. We have about 15 minutes left before we have to go in camera, so we will try to get through one round of questioning. Normally it's six minutes. That gives us about four minutes each if everybody is in agreement.
I'm seeing nodding of heads. I think that's the fairest way to do it.
We'll start off with Mr. Arnold for four minutes or less, please.