One of the most impressive success stories in Native administration of treaty funds and resources came as a result of the conclusion of the Western Arctic Claim Agreement in 1984. This agreement, which settled the issue of Native title in the western Arctic, granted the Inuvialuit people of the Mackenzie Delta region ownership of a stretch of land amounting to 96,000 square kilometres. Additional monetary compensation of $55 million was also provided. The Inuvialuit Regional Corporation, with Inuk Roger Gruben named chief councillor, was established to invest the funds for the benefit of the people. The corporation's development branch owns assets ranging from a northern shipping and transportation firm to a business for the sale of musk-ox products. From the corporation's profits, annuities of over $1,000 are paid to Inuvialuit elders, and occasional dividends are distributed to all adult community members.