Mr. Speaker, we have been discussing this particular matter with the federal government. I want to be fair to the federal government and I want to tell people that any tax increases that we have put in place, since 1989, the increased portion comes to us outside of the formula. It becomes very technical because as the volume increases, if you put more people to work at those tax rates at the time the 85 per cent was established, then we lose $1.30 out of the formula. But when we increase taxes, we gain that outside of the formula. So my preference would be to make a new arrangement with the federal government that would see some incentive given to us for putting people to work. I think that is in the best interest of Canada and people in the Northwest Territories.

I will give you another example. In Mr. Koe's area, there was a lot of oil and gas activity some years ago. Under the existing terms of the northern accord -- I am talking about the one that was sent to us several years ago -- we would have to wait 10 years for development before we got revenues coming in. Yet, the taxes of general application would start to come in and they would act in a perverse fashion against the formula. So there is another issue with perversity that needs to be worked out with the federal government with regard to the northern accord.