Thank you, Mr. Chair. I want to thank all you gentlemen for coming in today and making a presentation. I want to thank you for the report.
What Mr. Easter was alluding to earlier, that who you listened to, who you took advice from, and who made presentations wasn't your job; your job was to provide us with some food for thought on transition, and you've done that. As a committee, we have an opportunity to review all the information that's been presented to committee. The government and the minister definitely have all the different reports out there, the pros and the cons of the Wheat Board, and we're going to make use of all the information out there in making this decision. This is just another part of the information package that's going to be required to move forward on policy development.
I do have some questions about the report you've prepared in particular. I was quite surprised about having a new Wheat Board Act, changing the existing legislation and moving into a new piece of legislation. In your vision, does CWB II have regulatory powers that would require legislation and a government stamp of approval?