Thank you very much, Mr. Chair.
I want to thank everyone for their presentations and for welcoming us here in Saskatoon. I am used to saying, “Welcome to the House of Commons”.
I am very pleased that everyone is taking part in this initiative to present their ideas on how we might improve the next federal budget.
I want to add to the Chair's comments. I want to commend not only the work of the University of Saskatchewan, but also that of Canadian Light Source. I had the pleasure of seeing it at the last minute during my last visit. I want to thank Mr. Norris and his team at the University of Saskatchewan for welcoming me. The centre is extraordinary. That brings me to the questions I wanted to ask.
Many of you raised the issue of the federal government's disinvestment in science and research. All of you mentioned it with regard either to the Canadian Institute of Nuclear Physics or materials research.
Mr. Root, I have a question for you. If I am not mistaken, you mentioned that your recommendation is to invest $24 million over three years to eventually end up with an annual investment of $19 million. You also said that that was a lot less money than is being invested in Chalk River. Did I understand you correctly?