Thank you for that.
I also want to touch on a report that was done by the Leslie Harris Centre of Regional Policy and Development, at Memorial University of Newfoundland, in September 2013. It's footnoted in a lot of the briefing notes that have been presented to the MPs on this committee, Mr. Chair.
This report centres on three particular licences. One is for Fogo Island—we didn't hear your presentation, Mr. Barnes—another is for the northern peninsula, I believe between Big Brook and Goose Cove, and the other is in southern Labrador, for the shrimp company you just mentioned. This report talks about how, in the allocations for these three particular areas of Newfoundland and Labrador, they use the shrimp allocations to help sustain local inshore or nearshore owner-operator fisheries within the regions. Basically, the royalties are used to diversify coastal regions and long-term economic and social sustainability.
Can you comment on that, Mr. McCurdy, on the need for community ownership of the resources off our shore given the principle of adjacency?