Thank you, Mr. Chairman. Mr. Chairman, right now, Alberta's corporate taxes are 13 percent for large corporations. This brings us to 12 percent, so we have an advantage over them. Next year, they are lowering theirs to 12.5 percent. In 2004, they are going to 11.5 percent. Then in 2005, down to 8 percent. That is their schedule. We do not know if they are going to stick to it or whether they are going to do like Ontario. Yesterday, Ontario deferred their reductions. Alberta has deferred theirs once already as well in their last budget.

We know we can go down to 12 percent with our current financing formula and still come out ahead. We cannot go lower than 12 percent on the current formula. We will begin to lose money rapidly if we go any lower than that. With the changes we are proposing here, it does give us the advantage until at least 2004. In 2004, a number of things can happen; our economy can change, our financing formula will be renegotiated. There are a number of things happening.

In a lot of ways, we are dealing with unknowns and we are dealing with a lot of players. As you said, it is something of a poker game, but by doing it the way we have, we have managed to retain our advantage for at least the next couple of years. Thank you.