 What I'm trying to do is provide to you a refinement on the projections contained in the June budget of where we believe we are going to be at the end of the fiscal year, and to do that on the basis of data that has been collected during the first quarter of the fiscal year. I'm going to focus on the fiscal year and some of you may ask about projections for the two out years. The fact that we went through this in detail in June means we're going to focus on this fiscal year and the updated forecast for the out years will lay out for you in the second quarter report. So I guess the summary document, these reports usually have good news and bad news. The good news is we remain on target for balanced budget in 2013-2014. That good news includes increases in net revenue by $69 million. Finally taxationed, the not so good news is that is offset by higher spending in the amount of $86 million, mostly virtually all of it relating to increased direct fire and flood control costs. So more money coming in, but slightly more money coming out. That means our projections today based on the information that we have would see the budget surplus reduced by $17 million down from what we projected at $153 million in June to $136 million today. And as you might expect, we're monitoring that very closely and we'll continue to do so and report out to you in the public in the months ahead. What's the breakdown on that? Here it is. The what's up, what's down taxation revenue up, but there are differences within that. Personal income tax revenues were projected to be down at this stage by $116 million. On the other hand, corporate income taxes are projected to be up by $165 million. I can tell you also that property transfer tax, the estimate now is for an additional $25 million beyond that which we anticipated in June. On the natural resource side, resource revenues up slightly, $23 million, mostly forestry. And that's offset by lower revenues out of mining, mostly the result of lower coal prices. Equal gas, which is something that we in this province have had some experience with. I thought I just mentioned right now, employing the methodology that Dr. O'Neill recommended for us back in February, we seem basically to be on track. It seems to be coming in at this point, essentially where we thought it would. Moving into the winter, we'll see what happens to prices as temperatures begin to drop, but right now no pleasant or unpleasant surprises on the natural gas front. You may have some additional questions, but there's a breakdown on what's up and what's down, and it translates into that $69 million figure with respect to revenue. On the spending front and expenses, I gave you that figure, $86 million is anticipated for the fiscal year. Most of that relating to fires and floods, not the worst year by any means that we've had on the forest fire front, but certainly we're spending more than we had hoped for. And I was away last week, but I take it there were some reports and people might be confused based on the number of fires and the number of hectares that have been consumed by fire. 1,012, 52,000 hectares consumed by wildfire, just over 1,300 fires. This year, it's only 1,200 hectares thus far. More fires, over 1,700 fires. The challenge here is where those fires have been located. More of them have been in the south, and that has prompted the need for rapid response, aerial response, to a greater extent than was the case the year before, and that accounts for the higher than anticipated, higher than hoped for costs on the emergency side. On the debt side, we're continuing to manage very carefully, as you might expect, the objective of course being to reduce the debt-to-GDP ratio within the fiscal plan. The taxpayer-supported debt is anticipated to be down slightly, that is by $29 million, and in terms of how that translates into debt-to-GDP, in February, when I tabled the budget then we were anticipating a debt-to-GDP of 18.2%. In June, that had ticked upwards to 18.4%, we're now adjusting that squarely in the middle to where we are anticipating debt-to-GDP of 18.3%. Although I don't want to overstate the significance of a 0.1% decline since June on the eve of the next round of meetings with the bond-rating agencies and investors, I'm off tomorrow for that little tour, it is good news because they, as you know, and we are told repeatedly place a great deal of importance in setting the target, hitting the target, if you can, overachieving, and we've talked in the past and you all know about the advantages that accrue to British Columbia by maintaining the AAA credit rating. So if after this people want to talk off to Toronto, I think New York and Montreal to spread the news and talk to our international investors about the state of the BC economy and the state of the provincial books. On the projection side, we are, I don't think anyone will be surprised about this continuing our practice of being very cautious going forward, no real change. I can tell you that the number you see from the private sector is based on a subset of the economic forecast council and they have provided that 1.6% figure for growth. We're sticking with 1.4. How does that, what are the highlights of that in terms of positives and negatives? The positive side, exports are up. They are up year to date by almost 5%. So that's good news. The housing market is showing some modest signs of strength. That's good domestically and in the U.S. as well. Less positive from my perspective, consumer spending still seems sluggish and so far as that may be an indication of a cautiousness out there amongst families. That is a factor that we have to be aware of on the employment front. We are projecting modest growth but we have more work to do there and positioned where we are nationally. We continue to be out or near the top but in terms of our objectives of creating more jobs, working with the private sector to create more jobs in British Columbia, we have I think more work to do on that front. But there are the projections going forward, no significant change. I think the private sector number for 2014 is down 0.1. I think the forecast council had it at 2.5 back in June, I'll check that. Risks? Well, there's always risks and we tend to worry more about the downside than the upside. You've heard me talk about this in the past. The global situation of course in Europe, the sovereign debt crisis, recessionary tendencies over there, the relationship with China and Europe being China's biggest customer, how that impacts their purchasing behavior with respect to British Columbia. I sound like a broken record but for British Columbia, trade diversification being again that much more important. Mr. Dinsa, the exchanges that take place between our countries, again emphasizing the importance that I think both countries have assigned to amplifying and expanding the trade linkages that exist between our countries. Domestically, natural disaster fires floods more so in the spring than fires represent ongoing risks. We as you know continue to maintain within the budget a contingency allowance and a forecast allowance which the forecast allowance stands at $150 million so there is that measure of additional prudence that continues to be maintained in the budget but we'll be of course watching all of that closely going forward. I promised you last time that we'd keep you apprised on the status of property and asset sales. About 42% of the target has been realized of the current property and asset sale target of $475 million. We're five months into the fiscal year. I think you get these slides if I'm not mistaken so I won't dwell on this. The point being I've said as a target, we've said as a target that by the end of October the properties that are slated for disposition in this fiscal year will be on the market and you'll know, you'll see and hear the activity taking place around that. I thought I'd, on the next slide, give you examples of the properties that have been sold or have negotiated contracts in place if there are specific questions. You'll see it's a lot of schools. There is the one property in Kitimat relating to LNG development that you see there. If there's questions we can get you the information about the specific sites. And here are some other properties that I expect will be on the market later in the fall. And again, if there are questions, I'll do my best to answer them. The legislative committee is kicking off its consultation work. In fact, I think I'm going to meet with them later today as they embark upon their tour. They're releasing the consultation paper and I think they've already planned out their tour. It looks like they've got an ambitious schedule ahead over the next month or so. Their task, of course, is to engage with British Columbians and ask some questions about the priorities that British Columbians have. Yes, we seek for them to engage in that conversation within the context of the government's commitment to a balanced budget. And on that front, I will tell you, we're not out of the woods yet. I think I and some of you have made the point that we are still projecting a balanced budget on a razor's edge. At this point, the wage freeze continues. The for excluded staff, that wage freeze remains in effect. Hiring freeze remains in effect. There is no room based on the projections that we're laying out here for additional spending. Now, having said that, as you look forward a couple of years, the conversation in my view is beginning to change a little bit from exclusively being about how to eliminate a deficit to in, as we look out a couple of years, how to allocate the benefits and the proceeds of modest budget surpluses. So I anticipate that their consultations will take some of that into effect and that British Columbians will hopefully have some feedback that they'll want to offer in that context as well. In terms of the schedule going forward, I just mentioned the consultation process. We'll be working on the budget through the fall. The report from the committee comes in November the 15th, second quarter by the end of November. I can't remember if I mentioned second quarter will include the growth projections for the out years revised forecast for the out years as well. The economic forecast council meeting, get your tickets. Don't be forced to pay scalpers prices. Anyway, you're invited if you want to come and hear what these folks have to say and of course the budget in February of next year.