Thank you very much.
To the witnesses, we appreciate your presentation. We appreciate how you come as representatives of the people of Newfoundland and Labrador and as the all-party committee.
We only have 10 minutes. I'm going to start off, and then hand it over to my colleague, who you may know, from St. John's South—Mount Pearl.
I wanted to ask you a couple of things.
What I hear you saying is this. You do recognize that there's been a change in the resource and that the federal government needs to respond to that in dealing with the quota. In your recommendations, though, you do say there needs to be more science and more study and that these decisions need to be made on that basis. I appreciate the recognition you've given to that.
Also, the question of this last in, first out policy is not set in stone. There are questions about how it was established in the first place, as I understand it, and there's the fact that it's not set in stone, right or wrong. The circumstances are such now that there needs to be equity in the way the reductions are implemented. I appreciate that.
It's interesting what you've said about the offshore versus the inshore. Relative to the reductions that began in 2009, and the impact that you've seen in the communities that you've spoken about in the inshore, could you speak briefly to the impact you're already seen, the economic impact, to the reductions that have already been borne by the inshore?