Thank you very much, Ms. Fraser.
There are a couple of points I want to bring out. The study Ms. Fraser referred to, of course, is set out at tab 3 of the binder that has been circulated. I should point out, because it's a disjointed session, that we're going to adjourn at approximately 4:20 to go back and do the conclusion of some of the reports.
I'm going to start the first round. Of course, we're not going to get beyond one round, I don't think.
I should point out that the caucuses can deliberate among themselves. You may want to share your time.
Ms. Ratansi, for eight minutes.