Mr. Speaker, the government has been working very hard on this file. Up until the present day, the Government of Newfoundland and Labrador is receiving 100% of the revenues and 30% in the offset clause, which is no transfer of equalization. The remaining 70% is on a declining formula. The offer on the table today is 100% of the revenues plus the equalization plus the 30% plus the 70% until it reaches the Ontario level, and then it will still keep receiving 100% of the revenue and a--
In the House of Commons on November 4th, 2004. See this statement in context.