Thank you very much, Mr. Chair, and I thank the witnesses for being here.
I have just a few questions.
Mr. Gardner, when you brought up the report, one of the comments you made was that there was no way of knowing how quota holders would aggregate. I guess that wasn't contemplated in 2005. I guess what I'd like to ask you and the other panellists as well is, if that wasn't contemplated, could that change the potential interpretation for how the sharing would be done? Mr. MacDonald and Mr. Denny talked about the equity principle that the minister used. Is it fair to say that there could be some interpretations?
I'd also like to get the panellists' thoughts on this situation in which the quota is on the way up, and their interpretation, based on the minister's decision, of what will happen on the way down in a couple years' time. Could you address that, please?