Thank you, Mr. Speaker and welcome back. Welcome back colleagues. The honourable Member is correct. I did have a meeting with Mr. Martin, on January 8th or the 9th. My meeting with Mr. Martin, just for clarity's purposes, was to deal with the existing formula that we have and some of the problems we have with it in relationship to our projected revenues for 97 and 98, 99. I will deal with that in the budget on Monday.
Another discussion took place in relationship to the incremental costs associated with the development of two new territories. I believe there is a protocol being established by ourselves and Mr. Martin's office to at least get the participants to the table and who they should be, to set some timelines as when we can move forward in an orderly way trying to identify the appropriate base funding and the incremental costs. I have Mr. Martin's assurance that this whole process will move forward in a timely manner.
No discussion took place in relationship to the level of money that was required, because that is premature at this time until we determine the appropriate government frameworks that are required east and west. But there was assurance that we would move on a timely basis and there was assurance that incremental costs were a key component to the discussions. The level of those incremental costs and the degree in which we will negotiate, I am unable at this time to be clear as to whether there will be sufficient money or not sufficient money because again, we need to determine very shortly what kind of basic Nunavut and western governments we are going to have so that they can be costed, and the appropriate incremental costs associated with that costed, and negotiations can then proceed. Thank you.