Thank you, Mr. Chair.
Thanks for your participation today.
I'll jump into the same stream we're discussing. Larocque, of course, has been inconvenient and upsetting to long-standing practices. Now we're going through a transition period of trying to address that, and it is complicated.
Estimates from the Canadian Fisheries Working Group were between $25 million and $30 million on the amount required to fund research activities previously covered by allocations of fish. We heard a remark that the fishermen think they shouldn't have any responsibility and the taxpayer should pay for all that science.
So we are going through that consultation period, and I'm still trying to reconcile figures. On this slide under new fisheries research investment, we see $10 million for 2007-08, and $12 million for each year up to 2012. That is about $12 million toward what they estimate as $25 million to $30 million needed, not only for the basic science of conservation and sustainability goals but for optimizing the fisheries.
If we did all of the fisheries, it would be another $12 million or $13 million perhaps. Is that correct?