I recognize what the Members are saying, however I think it's important to point out that even though this study isn't completed, it is clear from the study that there is close to somewhere in the region of $2 million worth of savings if we reallocate the POL products from Churchill to Rankin Inlet. This year alone, based upon the changes we made to moving POL from Edmonton by truck, from Winnipeg to Churchill by train and from Churchill to the communities and reversing that when we moved the POL products from Montreal to Churchill, there was $1.8 million in savings. So, in defence of this investment, I have to say that out loud. There was $1.8 million worth of savings between that, and between what we did in Pelly Bay and the movement of the freight into the Baffin region. Pardon me.
---Laughter
It's important to understand that right now what we're endeavouring to do here is to take a hard look at the costs of moving the POL products from Montreal directly into Rankin Inlet and then out from Rankin Inlet into the other communities.
Right now 43 per cent of the total fuel oil products reside in Rankin Inlet. Therefore, we move it twice. That's a fact, that's not fiction. We move it from Montreal to Churchill, Churchill to Rankin. We would save the costs of moving that freight from Churchill to Rankin by making this move, that's all I'm saying. There is also somewhere in the region of $300,000 to $400,000 worth of storage fees that get built into the price of POL products that we pay the federal government because I believe it's Supply Services in Churchill, federal Supply Services.
So, I'm not disputing the need if you want to complete this study. I'm not disputing that one bit. I support the fact if you want us to delay the project, but I want to make it clear that we can save significant dollars based upon the research we've already done. About 43 per cent -- let me repeat it -- of fuel oil resides in Rankin Inlet. We are moving twice, simply by moving it once there has to be a saving. There is some requirement in the area to put some deep water facilities in there. The only thing I would ask is that we need the $50,000 on the front end to complete the study to your satisfaction and that we're prepared to leave the project until 1995. But you know, I want to make it clear that it's done on economic grounds and no other reason. Thank you.