Thank you, Mr. Chairman. Mr. Chairman, the bill that's presented would allow us to deal with the impacts of fuel prices before we get it delivered into the tanks. There is no provision in the act itself to deal with the fluctuating costs throughout the year. The policy that we've been directed to fulfill is to recover actual costs of product delivered into those tanks. In some cases, that can work in a positive way for some of the communities because if we can get a price product delivered at a time of year when the prices are somewhat lower and as they increase throughout the year, other places with private markets would adjust their price upward, ours would be locked at the same price. But right now, I mean, we've not really had this happen to us before where we went out and bought at a higher price and then it's worked its way down. The Member is correct; in a lot of the other communities where prices were $1.30, 40 cents a litre, even in Yellowknife, I believe, it was as high as $1.20 or in that range for a short period of time. It's worked itself down, but because we purchased a price at rack price, we're stuck with that price for that product. What I'll commit to do is find out the volume sales and what's

happening out there. But what I'm informed as average right now across the board that the communities were involved with, we're actually selling more fuel now than we've done in the past year.

But for the particulars there, this bill will not give us the flexibility of taking a loss on fuel product sales. That's what we'd have to look at, is if we're going to drop the price of the product in the tankage, then we're going to have to account for a loss of revenue and potentially, if that continues to happen, we're going to have to come to this Assembly for a write-off for some of that. Thank you.