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<br />MR. STAPLETON: <br /> <br />MR. SMITH: <br /> <br />MR. STAPLETON: <br /> <br />MR. SMITH: <br /> <br />MR. SPARKS: <br /> <br />MR. SMITH: <br /> <br />MR.. SPARKS: <br /> <br />MR. SMITH: <br /> <br />MR. ,SCOTT: <br /> <br />MR. SMITH: <br /> <br />"And as I understand it, the cost of <br />obtaining the 14,000 acres is $900,000. So <br />we are talking in terms of almost 100 times, <br />or in excess of 100 times, the annual loss <br />to acquire this property. Is that the proper <br />evaluation of what I am reading? I may be <br />off base but I am just trying to understand." <br /> <br />I <br /> <br />"I'm Don Smith from the Game, Fish and <br />Parks Division. That $6,500, I think, should <br />be 6,500 man days. Now I think the author of <br />the report is in the room and he can correct <br />that. I thought that was man days." <br /> <br />"What is a man day in dollars and how is <br />it figured? First of all will you explain <br />to me what the loss is and then how you have <br />evaluated it. I don',t care how you do it. <br />I am just reading $6,500 and I may be wrong." <br /> <br />"In answer to your first question it <br />could be as high as $5.00. I don't know <br />what the Bureau of Sport Fisheries and Wild- <br />life has used there, $4.50 or so, but it is <br />my impression that that is a man day figure <br />and it would be about oh, maybe five times <br />that much actually as an annual loss." <br /> <br />"This quote that I have made in my memo- <br />randum is a direct quote from the project <br />report. " <br /> <br />"Right and I think that is a mistake." <br /> <br />"Then there is an error in the project <br />report?" <br /> <br />"That's right. I can ask Bob Scott, is <br />that right?" <br /> <br />I <br /> <br />"Yes, that's man days." <br /> <br />"There is an error in there, it should be <br />6,500 man days." <br />