Missing type specifier?

I don't know what I'm doing. Can someone point me in the right direction on how to properly code this type?

Type balloon
	
	Global List:TList
	Field Link:TLink
	
	Field xloc:Int
	Field YLoc:Int
	Field Speed:Int
	Field BFrame:Int
	Field Direction:Int
		
	Global BalloonCount:Int = 0
	Global MaxBalloons:Int = 20

   Method New()
      If List=Null
         List=New TList
      End If
      Link=List.AddLast(Self)
   End Method

   Method Kill()
      Link.Remove()
      Link=Null
   End Method

		Function CreateBalloon:Int(BalloonCount:Int)
		
			For Local xiter:Int = 0 To balloon.BalloonCount
				Local b:balloon = New balloon
				b.XLoc = GraphicsWidth()/2
				b.YLoc = GraphicsHeight()/2
				b.Speed = Rand(3,10)
				b.BFrame = Rand(0,4)
				b.Direction = Rand(0,359)
							
				If balloon.BalloonCount >= balloon.MaxBalloons
					Exit
				End If
				Return BalloonCount			
			Next
			
			If balloon.BalloonCount => balloon.MaxBalloons Then balloon.BalloonCount = balloon.MaxBalloons
		End Function
		
		Method UpdateBalloons()
			DrawImage AllBalloons,xloc,yloc,BFrame
				xloc:+ Cos(Direction) * Speed
				yloc:+ Sin(Direction) * Speed
				
				If xloc > 1050 or xloc < -50 
				
					balloon.Kill
			
				End If
				If yloc > 790 or yloc < - 50
				
					balloon.Kill
			
				EndIf							
		End Method
		
End Type

I want to be able to remove a balloon when it exceeds it's boundaries.

I'm still not that good with OOP. :/