Thank you, Mr. Chairman. Mr. Chairman, the amendment to the Student Financial Assistance Act I am introducing today proposes that the amount of the revolving loan fund be increased from $11 million to $12 million in 1992-93, and to $13 million in 1993-94 and subsequent years.

This increase is proposed to accommodate the steady increase in the number of students with loans for post-secondary studies. In 1988-89 there were approximately 580 students accessing loans, and this year we anticipate approximately 700. It is possible by December, 1992, the loans granted could exceed the $11 million loan limit.

Thank you, Mr. Chairman.