Thank you, Mr. Chairman. Mr. Chairman, we have a diamond project section in RWED. It's been very helpful and useful for our government. We have no plans at this time to downsize it or eliminate it. The reason I say that is the whole diamond industry is totally unique and different from any other mineral producers in this country to date. The NWT is now one of the largest producers of diamonds in the world. I think we are going to be third. There are a lot of national issues in terms of the Competition Bureau definition. There are also other jurisdictions in this country, Ontario, Quebec, Saskatchewan and Manitoba where there is major diamond exploration going on and I would like to say that we are the leading expert in Canada on diamonds. There is also international work through the Kimberly Process to track the whole area of blood diamonds. At a national level as well, there is the excise tax matter that we need to keep track of.

There is a lot of work, not only in the North to monitor our existing arrangements with BHP Billiton and Diavik and the work that needs to continue with De Beers and Snap Lake. We have a framework policy requiring the different producers to have a memorandum of understanding with us, so that 10 percent of the rough they produce every five weeks is allocated to northern manufacturers. We also have a certification program to track the diamonds from the mine to manufacturing to the finished product. I think this is a very useful tool for us. Through the work of this project we are able to get the different diamond mines to supply rough to manufacturers in the North. I know there is work to be done in looking at that policy with regard to the smaller diamonds. We need to look at that. There is still a lot of work to be done in this sector. Thank you.