Finance committee  Which could introduce an element of uncertainty, yes, absolutely.

Finance committee  In the steel sector we found the dynamics have changed tremendously, largely as a result of business-led consolidations. It's really not the same industry now as it was back in those days. A lot of that was industry-driven internationally. We did have quite a few anti-dumping actions, in the steel sector in particular, and it's been very cyclical.

Finance committee  We already have two pending challenges, so the Americans have already demonstrated that they are watching closely. I think they will look at any measure in detail and juxtapose that against the obligations under the agreement—the provision I read earlier, for instance—and they would not be loathe to take a challenge if they felt that there was one to be had.

Finance committee  I would prefer to say “could”, because I really don't know enough about a lot of these elements in here. For example, the reimbursable contributions element, does that include reimbursement of an amount that reflects the commercial cost of capital, or is it just the reimbursement of the original amount?

Finance committee  On the softwood lumber agreement, SLA, the governing provision is article XVII.1. It's fairly clear. It prohibits the taking of any action that has the effect of reducing or offsetting the commitments agreed to under the export measures and commitments under the agreement. To the extent to which you're structuring an offset of some sort, the devil is very much in the details.