A、Two. B、Three. C、Four. D、Five. D

I’d like to say a few words about the organizational structure of Lampell. Now, if you look at the chart you will see that the Managing Director, that is Mr. Bruce, is responsible for running the company and is accountable to the Board.
    Now, he is assisted by four executive departments. These are Human Resources, which is responsible for personnel, training and management development; then there’s the Finance Department, which takes care of corporate finance and accounting; next we have the Management Services Department, led by Peter Collins, who is in charge of rationalization throughout the company; and finally, there is the R&D Department research and development -- which works closely with the five regions on new product development.
    So this then brings me on to the regions. Directly under the Managing Director, there are five Regional Managers. Each of them is responsible for the day-to-day management of a territory, these are geographically split into north, south, east, west and central regions.
    Now then, the five regions are supported by two sections -- Marketing and Technical Services. They are organized on a matrix basis with section leaders accountable to the Regional Managers. They work closely with the regions on the marketing and technical side.
    Now, in addition to the parent company, Lampell has three subsidiaries, namely Lampell France, Germany and Japan. The subsidiaries report to the Export Sales Department, which in turn is accountable to the Board.
    Right, well that’s a brief overview. Are there any questions?