Ladies and gentlemen, here are the facts: in 1963, under Keith Holyoake, he set up Manapōuri to supply electricity on the belief, like the movie says, that if you build it, they will come. They didn't have Comalco as a partner at the time, but they knew that if they built this power station using all this reserve water, the big industry would come to Invercargill, and it did. The plan in the 1963 agreement, all laid out there, was that they'd pay all the cost of supply right to Tīwai Point plus a margin of 10 percent. That's a massive dividend.