Yes, thank you, Mr. Chairman. Good question, very statesmanlike by my colleague, Mr. Picco, in his new glasses and suit. There was a meeting January, 9th, 1997 with respect to the formula and, of course, the issue we have really is the floor, not so much the ceiling, trying to ensure any future cuts to provincial and local government spending does not impact on our formula until 1999. I felt reasonably assured that Mr. Martin was sympathetic to our position and in fact did instruct his department to once again discuss this issue with our department officials and one meeting has taken place. While no arrangement has been made, I think there is a political understanding that an accommodation has to be made. As those negotiations proceed, I will only be too happy to keep the house involved or advised and of course, my good friend from Iqaluit, will keep him abreast of this important issue as we move on. I indicated in the House, as you know when I returned, that we have not signed off the agreement which gets concluded in 1999 because of the floor. As I say, we are moving expediously to seek an appropriate resolve in compromise so we can sign off this agreement and protect the base that is in place at the present time. Thank you.