5. This record of growth has continued into the first quarter of 1973 when the company reported quarterly results of $9,200,000 or 63 a share on a fully diluted basis. Quarterly results are not too significant in our company but this represents an increase of 15% over the comparable quarter last year. For the quarter the earnings contributions by Marcona and Pima were lower than in the previous year but Utah's other mining profit centers all reported higher earnings and again, as in 1972, coking coal was the principal source of earnings gain. In coking coal Blackwater earnings were up sharply and we had the benefit this year of earnings from Peak Downs which was not in operation in the first part of last year. So much for the present and the past. Experience has taught me that shareholders and security analysts have short memories and like political constituents are interested in what you are going to do for them and not in what you have done for them lately. Looking ahead, I would like to dwell on those factors that give us confidence that Utah's earnings are going to increase this year and indeed for the next several years, to discuss some of the problem areas, and finally to touch briefly on some of the prospects that may or may not come to pass. As we enter the second quarter of 1973 our optimism about Utah's continued growth in earnings over this year and the several years to follow rests firmly on volume increases flowing from contracts already in existence and out of physical facilities already in place or under construction. 1. Australian coking coal will continue to be the prime mover in expanding profits. Coking coal shipments will continue to grow with 1973 volume expected to be up 75% over last year. Shipments will continue to increase,