Thank you, Mr. Speaker. Mr. Speaker, the Member is correct in a sense of how those royalty revenues would impact on transfers. The federal government would use that as an opportunity to drop the transfer payments, but at the same time, what we are trying to negotiate is a better deal where we would get to keep a larger portion before the federal government takes back from our transfers. So an actual incentive. Right now there is very little incentive to do any development in the Northwest Territories for, number one, any new revenues we get, we get a drop in transfer payments. That already exists today. So if we get more corporate taxes and so on we are going to drop down on our transfers. That happens today.

On the royalty revenue side, if we can negotiate a more positive deal we get to keep more of that. Today, existing in the formula, for every dollar we raise in additional revenue from the Northwest Territories we get to keep 20 cents of that dollar, 80 cents goes back to Ottawa. That is the way we lose it in the transfer. So we are hoping to increase that incentive, instead of 20 cents more where we can really start beginning to see a net revenue and result coming to the Northwest Territories where then we can really enhance the programs that we have. Right now the way it is there is no real incentive for us as a government to see big development because we get to deal with the impacts of development, we don't have the payback after development happens and companies start making profits, and we don't get to see the royalty revenues side of it. So that is the negotiations side, but optimistically we would be lucky to see that by 2007. So we have to, as I have set out in a fiscal strategy, live with what we have and try to operate and fix our structural problems around our debt situations going forward. Thank you.