Yes, sir. In terms of the Atlantic fishery, if we take it as a whole as opposed to just Prince Edward Island, I think the fishery is in dire need of a total restructuring. We look at Newfoundland and the situation they face there. Looking at the situation in southwest Nova Scotia and the Bay of Fundy, they have problems of their own. Certainly here in the southern gulf we have serious problems.
By just a rough estimation, we perceive possibly a restructuring cost of about $2 billion to buy out certain vessels and certain fleets and to revamp marketing and processing efforts. It will be a reduction in the number of fishermen, but we suspect in the long run it will be a viable fishery that will continue to earn income not only for the rural coastal communities of this region but also to turn solid profits for fishermen and the processors.
It's a very difficult thing to do, but we see it happening in other industries, whether it's the automobile industry in Ontario or the aerospace industry in Quebec. Unfortunately, the most recent federal budget did not address similar problems in the fishing industry.