Welcome to the witnesses. Unfortunately, time is the enemy. I appreciate the challenge for lawyers to talk within seven-minute time frames, so to Mr. Falconer in particular, just pretend you're in front of the Supreme Court and you have to get to the point.
Without any further commentary, I will ask witness Falconer to speak for seven minutes. Generally speaking, at five minutes I'll put up two fingers and at six minutes one finger, so please just keep an eye on the chair as you do the presentation. After that, we will go to rounds of questions.
Mr. Falconer, we're keen to hear what you have to say for the next seven minutes.