Mr. Speaker, my question is for the Minister of Fisheries and Oceans.
In 1994, the Minister of Fisheries and Oceans committed $1.9 billion to the Atlantic groundfish strategy. The minister claimed at the time that this amount would be sufficient to restructure the Atlantic fishing industry within five years. Today, with 80 per cent more benefits than forecast, we see that the strategy did not achieve its goals and that the funds may be depleted by 1996.
Does the minister admit that his strategy is a failure and that the funds committed will be depleted well before the deadline?