Mr. Speaker, first of all, I thank my hon. colleague from Newfoundland and Labrador for his presentation today. As part of the fisheries committee, I was very proud to, on behalf of our party, support the recommendation of the custodial management of the nose and tail of the Grand Banks.
For those who might be listening, the actual name of the Grand Banks is the Grand Banks of Newfoundland. They are adjacent to Newfoundland and Labrador, but the mistake made in 1977 when we created the 200 mile limit was that we forgot to extend it to the Flemish Cap and to the nose and tail. If that had been included, we probably would not be having this discussion today.
The member is absolutely correct. If only the government had any sense of duty or loyalty to the people of Newfoundland and Labrador. We pay 50% of the cost of NAFO right now. I would like him to estimate exactly how he and the people of Newfoundland and Labrador, in terms of government, would see custodial management happen if we did indeed take over.