My hon. Friend is absolutely right: memories of what happened in the 1970s certainly do run deep, and for very good reason. That is why I sought to stress that we, as an independent sovereign state, regard control of our own resources as something we cannot barter away. Of course we want to co-operate in the management of stocks with our neighbours, but the approach we take will be similar to that of other sovereign states or regimes such as Norway, Iceland and the Faroes. As an independent coastal state, we will regulate access to our own waters on our terms.