I was surprised to hear yesterday that about 40% of the Irish fleet has been targeted to be taken out of circulation, although there seems to be no definitive information to prove it. If that is true, the Minister need not worry about any vessel licensing because the fleet would be totally depleted. I assume that is an exaggeration, but it is likely that Ireland along with its other European Union counterparts will be asked to reduce its fleet. Where is the coherent strategy for the fishing industry? We appear to have an ad hoc approach. A person has specifically said that 40% of the Irish fleet are targeted. However, a few years ago the then Minister for the Marine and Natural Resources, Deputy Woods, had a defined brief, confined exclusively to the marine and natural resources. Over a period of years there were progressive improvements in the white fish fishing fleet. Every week there seemed to be launches of vessels in Killybegs, Dingle or Galway. At that time we were upgrading our fishing vessels, which was most desirable and the then Minister, Deputy Woods, rightly got considerable kudos from the fishing industry. The Marine Times, which is circulated out of Killybegs, called him "our hero". This emphasises my point about the lack of a coherent policy. Having upgraded our fishing vessels with the support of European funding, we are now talking about reducing by 40%. It does not make sense.