Thank you. On the issue of risk capital, I do not have a copy of speech, but I believe I heard in the speech some reference to this, that the business loan fund has to be self-financing. The committee is concerned, and I have spoken on a number of occasions, as chairman of the committee, that the Business Credit Corporation, in our opinion, should be seen as the lender of last resort.

All of us are aware that the commercial banks and lending institutions, at least for the present, are shrinking their lending exposure. This reduces the accessibility of risk capital for the entrepreneur in Grise Fiord, Whale Cove, Chesterfield Inlet, and some of the other smaller communities. Clearly, at least in the eyes of this committee, there is a need for this government to take greater risks, and not to be seen as competing, or running a lending institution as a bank.