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00:00 [Applause]
00:10 First of all, thank you for your invitation to come. I've been before, but what a change.
00:15 I was just going to want to reflect on what a way to celebrate a centenary, but to bear in mind that just over 100 years ago,
00:25 my predecessors came up with a remarkably good model. Quite often people reinvent that particular wheel.
00:34 What you've done is make this model work better and better.
00:40 Arguably, it's a little sad that it is as unique as it appears to be, and that this model doesn't happen elsewhere.
00:49 But what you've done here is to make sure that that initial investment of understanding and need has been fully worked up for a relevant model that exists today.
01:03 Can I just thank you and congratulate you all for being involved here to make it, at the moment, still unique, but hopefully, maybe not in the future,
01:15 and that you will continue to maintain its relevance and to build on what your predecessors started here.