Madam Chairman, again, I cannot understand the way the Liberals do the numbers over there, but the Auditor General evaluated the Coast Guard fleet at $2.4 billion. She said that if we were a private owner, if we were the former finance minister, that we would invest about 4% a year in fleet revitalization and replacement. That comes out somewhere around $40 million a year. We have not been doing that in the last few years.
In fact, the Auditor General also noted that even moneys that were designated for fleet revitalization were siphoned off elsewhere so they were not dedicated. That is part of the problem with the structure of the Coast Guard where it is part of the Department of Fisheries and Oceans. The problem is that it cannot protect its own budget because instead of reporting to the commissioner here, it reports to the director general on the west coast and elsewhere in the country.