Thank you, Mr. Chair.
Good day, gentlemen. Thank you for your welcome.
I would like to hear Mr. Gordon MacDonald who was alluding, earlier... Perhaps he could provide us with further explanations about why there was no earlier intervention. We are talking about a program, a plan or a type of agreement that was launched in 2005. In 2009, this was changed and you intervened, it would seem, in 2009.
Unless I am mistaken, you said earlier that you could perhaps explain to us why you did not intervene prior to that.