Thank you Mr. Chair.
Mr. Williams, I'm pleased that you said earlier that crab fishing licences in Atlantic Canada, and especially in my region—the Acadian peninsula—are now worth $10 million, $15 million or $20 million. Lobster licences are worth $1 million and more. For the younger generation of fishers, it's becoming very hard to buy such licences.
I'd like some clarification on this point. You said that the lobster industry in Maine uses long-term contracts for licences and that the licences don't belong to the fishers. How does that work? What happens to the licence of a fisher who retires, for example? Does the licence go back to the government to be assigned to someone else?