Thank you, Mr. Speaker. I would like to share some interesting statistics with my honourable colleagues today, I have here figures comparing the problems of Prince Edward Island with the Northwest Territories. I am providing this information because there is an important lesson to be learned from it. As the smallest province, PEI's population is closest to that of the Northwest Territories. Our population is 66,000 whereas PEI has 137,000, our government's budgets are similar. In 1996/97 PEI had an $800 million budget, and the Northwest Territories had a $1.2 billion budget. We expect to spend about 3 - 4 million in interest charges this year. Prince Edward Island's government had to allocate over $120 million to service their debt which has grown to almost $1 billion, that 120 million represents 15 percent of the total expenditures of the province's government and is the second largest item in the budget next to salaries of provincial government employees. In our case, Mr. Speaker, that percentage would represent over $180 million, we have already made substantial cuts in this years budget to stay as far away from that debt such as PEI has. You imagine what $180 million in cuts would mean in the Northwest Territories, it would mean cutting out 100 percent of our capital projects, or could it mean cutting the size of the public service in half. The fact, Mr. Speaker, is that we simply can't handle a debt load of that size. At least Prince Edward Island gets 60 percent of their revenues from sources they can control. In our case only about 20 percent of our revenue is from sources other than from the federal government. We have to learn from the mistakes of others, we do not dare let ourselves get into the situation similar to that of Prince Edward Island, we must balance our budget as soon as possible. Our plan as an Assembly upon approving this year's budget was that we would