Thank you, Mr. Chair, and thank you, gentlemen, for coming.
Mr. Etchegary, we did have a chance to meet in Newfoundland a few years ago. I imagine that was more memorable for me than for you. So we have met.
I think I understand your position on these amendments to the NAFO Convention. I'm not going to talk too much about that. I think I understand your position, but we don't agree on everything you say.
Let me start with a quote from our fisheries minister in 1978. It sounds like you're making the case that all of our troubles are due to foreign overfishing. I certainly acknowledge that they're a big part of the problem, don't get me wrong on that, but in 1978 one of our most respected fisheries ministers, Romeo LeBlanc, when he was addressing the Fisheries Council of Canada, said this, quite eloquently, I think:
The present groundfish fleet of larger vessels has the capacity to take half again its present catch and provide better incomes—if we increase the fish...and catch rates. If we do it the other way around—increase the fleet first—we are like a man with an exhausted woodlot, who instead of planting more trees...spends all his money on more chain saws.
He went on to say, speaking to the fisheries industry in Newfoundland at the time:
I would like to see you join me in resisting suggestions that fleets should be vastly expanded, that plants be vastly enlarged—in other words, to resist the temptation of exaggerated expectations. I see no faster road to disaster than forgetting the very simple lesson that biology cannot keep up with the technology—that the wealth of the oceans cannot yet match the greed of man.
Those were pretty poignant statements, I think. Isn't there some truth to the fact that in fact the industry of the day ignored the plea of the fisheries minister and did expand their fleets? Instead of rationalizing, they expanded their capacity.
At the time that you were involved, Mr. Etchegary, in FPI, I would imagine your company expanded at the same rate that others did at that time, and that we have some involvement as Canadians in the collapse of the cod fishery as well. Could we have just your comments on that, please?