Yes, Mr. Chairman, in May the Standing Committee on Finance was meeting in Coppermine and the Minister of Finance had the opportunity to brief the committee on the fiscal situation and on the surplus that the Housing Corporation had for the 1990-91 fiscal year.

At the same time, the Minister of Housing was able to identify to them the problem with the C.M.H.C. funding reductions and the potential need for using some of the surplus from 1990-91 to replace some of that federal funding, if, in fact, the federal cuts went ahead.

Although there was not a specific notification at the time of the warrant approval, there had been an alert provided earlier. Generally, the Member is quite right, it is the agreement between the standing committee and the Minister of Finance, that any special warrant over half a million dollars of formal notification will be provided.