Thank you, Mr. Speaker. Yes, I can update my honourable colleague from the future capital of Nunavut, Iqaluit, on the formula financing arrangements as it relates to division. The political committee, made up of NTI, interim commissioner, the Western Coalition and ourselves, met early last month to try to reach a common position on how we would move forward with respect to the two new formulas that are necessary in the creation of two new governments on April 1, 1999. I think it would be fair to characterize those meetings as cooperative and the overall objective is the same for all parties, that is we want to ensure there is adequate funding in place to maintain the level of services that we currently have and hopefully onward into the future in the 21st century.
Each of these entities have an official that is a working official that will be part of the formula financing discussions with the federal government, who will call the meeting. The first official meeting is planned this Friday, I believe, and what will hopefully unfold there is we will be able to determine some time-lines because that is important. The criteria I suggest for what kind of formulas we want because there are a number of options out there, particularly in the new territory of Nunavut and how we are going to proceed with respect to the argument, if you want, as to how we quantify the kinds of dollars that we are going to require to meet the demands that are being placed upon us by our appropriate jurisdictions. I think I would probably be in a better position earlier next week to advise my colleague as to any further developments as it relates to these two new formulas, at the officials level, Tuesday or Wednesday. Thank you.