I apologise to the leader. Now look, I say to the National Frontbench, I've asked the Honourable Leader of the Opposition to ask his question, it should be possible to hear it. I'm sure the Prime Minister wants to hear it. The Honourable Leader of the Opposition. Why hasn't National learnt the lessons of history and the failures of past privatisation as the last Labour Government did, which sold no assets, knowing that the sale of some assets, like New Zealand Rail, led to asset stripping, others like Air New Zealand led to a previously successful business being run into bankruptcy, and the sale by National of the BNZ for a mere $1.5 billion has resulted in $12.5 billion worth of dividends flowing out of this country. Why hasn't he learnt those lessons? The right Honourable Leader of the Opposition asked a good question, and that is actually this Government has learnt those lessons. That's exactly why there will be majority ownership held by the Government. That's exactly why Kiwi mums and dads will be at the front of the queue. But I say this to the Leader of the Opposition in all sincerity. The investment portfolios around New Zealand have changed. Back in the 1980s and 90s, there wasn't 1.7 million Kiwi saver accounts. There weren't Crown Financial Institutions. Those entities are actually not in the form there is today, but not in the form there is today, and what they are looking for is genuine investments in New Zealand companies. What they're not looking for Trevor is a capital gains tax money. Everything they may ever own. The Honourable Leader of the Opposition. Order. The Honourable Leader of the Opposition. The Honourable Leader of the Opposition. That's not being advised by Treasury and other officials. That the cost of the taxpayer of actually selling these assets could be between 2 and 9% of their value. Which, if you take the midpoint of those figures, I mean that he'll be spending $340 million worth of taxpayers' money just to plug off the assets to foreign corporates. The right Honourable Prime Minister. No, what we have actually been advised by Treasury is that the average cost of an IPO in the United States at 3 to 4%, in fact, when contact energy was sold off, I think it was about 1.8%. And that's exactly what we're working towards, and the member knows that because, in fact, that advice was presented to his office some months ago. Point of order, the Honourable Leader of the Office. I seek leave of the House to table a letter to the Minister of Finance from the Crown Ownership Monitoring Unit date at 17 May 2011 that says in New Zealand, large IPOs in recent years have cost around 2 to 9%, the figure I quoted. Leave the sort to table that document, is there any objection? There is no objection.