I think that an analysis of the numbers shows that last year, which ended on March 31, 2008, was the last year of large surpluses. I have not undertaken a comprehensive analysis, but the simple fact that $3 billion was taken out of the reserve shows that surpluses will be much more modest, at least over the next two years. If there were going to be a modernization fund it would have to draw on the surplus of the year ending March 31, 2008.
I am not a legal expert. Can this fund still be created with this surplus, given that the year is not yet over and that financial statements will not be signed before September? I do not know and I leave that debate up to the legal experts. Perhaps it is possible.