Thanks, Mr. Chairman. You know flow-through shares are an issue that we promote as best we can.
We had two specific recommendations on improving the flow-through share regime. One is that the annual Canadian development expense conversion limit to Canadian exploration expense tax treatment be increased to $4 million a year from $1 million per company; and secondly, that the taxable capital test to access that conversion from CDE to CEE tax treatment be increased to $50 million from $15 million. Those are the two that are linked. We think it would make the opportunities a bit more flexible for junior oil and gas companies and take advantage of.... We have to deal with the fact that the costs to invest in oil and gas have been going up and up and up. These limits need to be increased to make the program more viable.