We wanted to make sure that the loans were fully allowed for, so that the Business Credit Corporation would not inherit a white elephant. The loans that existed that were doubtful, were, in fact fully allowed for. So they are not written off, it is just that we made an excess allowance in the event that we do not collect on them. Right now we are still collecting on them, yes.
Mr. Kennedy on Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on October 1st, 1992. See this statement in context.
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
September 30th, 1992
Page 1256
Kennedy
See context to find out what was said next.