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Fisheries committee  The audit took place while Manitoba had already decided to withdraw. They ran in the election with that as part of their promise. They took the decision and made it public last year before the publication of the audit. No, I think what really drove them was the desire to have a c

October 31st, 2017Committee meeting

David Bevan

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  Certainly. It's a different kind of environment that we're working in and that has changed our behaviour as well. We have been a little more flexible than buying fish and moving prices up and down in order—

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  I think so. If you're asking in the long term, there are going to be challenges. If somebody wants to invest money in a fish plant in the south, they may be able to siphon off profitable fish.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  They are about 2% of our supply.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  It's about 80%.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  That's similar to the case in Saskatchewan.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  I have to confess that in most of the communities we buy from, there is nobody on the wharf trying to push us out of the way. There is a potential if you have access to roads and if there are potential buyers, or depending on your species mix, you might be able to sell privately

October 31st, 2017Committee meeting

David Bevan

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  That's correct, but if you're not signing a contract, that's not going to be part of the remuneration for your fish.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  At the moment, we are.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  That's absolutely correct, yes.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  It's just good business practice. The retained earnings are there to deal with economic shocks or the need to reinvest in equipment, etc., and we have done a lot of reinvestment over the period of 2010 to 2017, millions of dollars' worth—maybe $13 million.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  That's correct. The decision was made, in response to the 2010 audit, that we should have retained earnings equivalent to about 20% of our gross sales.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  We do in Saskatchewan, and we will in Manitoba.

October 31st, 2017Committee meeting

David Bevan