Yes, Peter. Thank you for your questions.
I'd like to go back to the buyout, the FRCC report.
I read the 1995 and 2007 reports several times. I don't share the same opinion as the FRCC in the 2007 report, whereby they think it should be a self-rationalization program, because they didn't see the positive aspects of it.
I'd like to have them reflect back to between 1975 and 1978. The Province of Prince Edward Island, under the comprehensive development plan, and the federal government bought out 186 licences on P.E.I. I don't think you would find a fisherman in this room or in Prince Edward Island who would say that was a bad move. It was a very positive move. It had a very positive effect. It allowed a few people to go out. They got some money for their outfit and they were able to find other employment and carry on.
The problem I see with the FRCC is that they should be putting themselves in the place of the fishermen and trying to imagine the problems our fishermen today face, the real financial crisis they're in. I think you'll find that a buyout program—and in this particular case, one that is cost-shared, if you will, between the fishermen and the government—has many positive features.