Thank you, Mr. Willy.
To all of our witnesses, I would ask, if you could, to try to keep your remarks within 10 minutes. We were considerably over time for that one, but I was showing some latitude.
I mention this only because we want to have time for questions. Our committee members are the ones who want to find out more about what you have to say. We ask that you to try to keep your comments as concise as possible.
With that, I'd like to now welcome Mr. Christmas for your opening statement, sir.