Mr. Hubbard, I read their transcript and I would take exception to the description they made. I would tell you that CN is the predominant railroad for passenger operations, whether it's VIA or commuter. The vast majority of the deals that we have with the commuters were done when CN was owned by the government and operating under the direct authority of the Minister of Transport. I have seen every one of those transactions and I have told you the example of the Deux-Montagnes line; they pay less then half of what market value would call for.
I will tell you, for instance, about the Deux-Montagnes line just to give you a sense of things. They go on 30 kilometres of prime property in the suburbs on Montreal. They go through a five-kilometre tunnel, which is the longest tunnel in North America, and arrive right in the middle of downtown, and we charge them 25¢ per passenger for access. If we were to charge them on net book value, it would be a cent or two. Are you telling me that 25¢ is not a fair amount? It is a very fair amount.
Would the commuter agency like to have an even better deal? I can understand that. Would they like to have recourse to the agency to arbitrate in case we don't agree? I would agree with that. Should the determination be done on historical net book value at the beginning of the century? I think that's just unfair and I don't think it's the proper guideline.