Thank you, Mr. Chair.
David, you've mentioned the cornerstone of controlling capacity. Control of economic overcapacity and overcapitalization in the industry has been maintaining the rigid standards in terms of vessel length and volume. There has not really been a substantial change in the policy other than the revisions in 2003, which have been adapted by some.
There have been instances in which there have been significant capacity increases in the industry. Could you describe, for example, the consequence of the decision to allow a very large segment of the fishing fleet in northern Quebec and on the northeast coast of Newfoundland to convert from basically a fixed-gear fleet to a mobile-gear fleet? How many vessels? Given the fact that there was no change whatsoever in the DFO requirements for adjustments to vessel size or to volume, there have been very significant capitalization issues in that particular fishery. Could you describe for this committee exactly how many vessels underwent dramatic changes in capacity? What do you think was the net investment into that capacity, to create that situation?