Thank you, Mr. Speaker. Mr. Speaker, perhaps I did not make myself clear enough. The reason is, Mr. Speaker, that we have to borrow, at the present time, that money to give to the hamlets, or to the municipalities. We have to borrow money for three months, for that payment to them, and pay it out in one month, whereas our funding is coming monthly. So the cost is in the borrowing cost, Mr. Speaker. Thank you.
John Pollard on Question O307-12(2): Cost Of Monthly Payments To Hamlets And Municipalities
In the Legislative Assembly on March 11th, 1992. See this statement in context.
Return To Question O307-12(2): Cost Of Monthly Payments To Hamlets And Municipalities
Question O307-12(2): Cost Of Monthly Payments To Hamlets And Municipalities
Item 5: Oral Questions
March 10th, 1992
Page 361
John Pollard Hay River
See context to find out what was said next.