Thank you, Mr. Chairman. The Standing Committee on Finance reviewed Bill 34, Supplementary Appropriation Act, No. 2, 1992-93, during its meeting on October 1, 1992.
Mr. Chairman, the committee had no major concerns about this supplementary appropriation. A large portion of the bill was for transfers relating to the reshaping government project currently under way. As the Minister noted in the opening remarks the bulk of the request for new funding was to maintain current commitments for homeownership assistance units. This funding was needed as a result of reductions in funding from C.H.M.C..
Mr. Chairman, due to the short time between our receipt of this bill and prorogation, the committee was unable to meet with the Minister, and his staff, to undergo a line by line review of this bill. As a result, Members of the committee will have questions on the specifics of the bill during committee of the whole today.
Mr. Chairman, the committee voted on October 1, 1992 to refer this bill, to committee of the whole for consideration. Thank you, Mr. Chairman.