Professor Snyder, thank you very much for your opening remarks.
Colleagues, I am challenged by the clock this afternoon. I propose that we do what we did in the first round, which is to compress our rounds of questioning slightly to make sure that everybody here has a chance to ask our second panel at least one question. I'm also mindful of the fact that it's Thursday night, and that at least some of us are travelling to our constituencies tonight, so I'm not terribly inclined to go late.
If colleagues are okay to start with an opening round of four minutes, I propose that this would give us the flexibility to potentially bring everybody into the conversation. If you're good with that, I will go to Mr. Chong for the opening round of four minutes.
Please go ahead.