Thank you, Madam Speaker. I want to talk briefly about a lady who is well-known to us; a lady named Peggy Witte, president of the Royal Oak mine. She is the former Peggy Kent, a Member of a prominent family of the small Nevada town of Falon and a graduate of the Mackay School of Mines.

She generated tremendous enthusiasm, during 1994, throughout the mining world, not just Canada and in the States. In fact, she was named by the Mining World News as woman of the year in 1994. Right from the very beginning, I know the lady generated passionate emotion, some for and some against, but I have always been concerned that when a company acquires properties in the Northwest Territories, that you have some sense that you belong to that part of the world. You should have some commitment to it.

So I am sad to say today, Madam Speaker, that despite all the good things that many people may have said about her, the fact that she has now moved the headquarters of Royal Oak from Vancouver to Seattle tells me where her heart really is. It is not in the Northwest Territories or Canada. To me, this is a sad story. We like people to pay their taxes where they make their money. I know that as a chief executive officer, you have an obligation to your shareholders, but you also need the goodwill of the people you have to work with. Many people have shown goodwill, despite tempestuous times in the Northwest Territories. It is a sad reflection on the state of the industry that this event has taken place, because there was much hope and expectation that this company would become an important part of our structure. Thank you, Madam Speaker.

---Applause