I will soon yield the floor to Mr. McCauley, but I would first like to share one of my observations.
We are in 2016. A lot of money has been invested. We already have a lot of public servants, and new ones are being hired. But where are the vessels?
I was listening to you talk about the conspiracy of optimism. I just had a quick look at your report, and I must say that it seems totally unrealistic to me. You are talking about an icebreaker that will be delivered in 2021, while there are joint support ships to deliver. Is the conspiracy of optimism ongoing?
At some point, you will have to stop hiring public servants and build and deliver vessels instead. Currently, vessels are rusting faster than they are being replaced.
I will let Mr. McCauley continue.