Thank you, Mr. Speaker. From my examination of the chronology of events related to the dismissal of the mayor and council in Iqaluit, it seems as if there was considerable discussion in March and there was an exchange again in April. On both of these occasions the local MLA was informed. He was given letters to explain exactly what was going on.
This eventually led to a decision time. On September 22, a submission was made to the Financial Management Board to refinance the Iqaluit land development debentures. My question to the Minister of MACA is what options -- given the fact that the refinancing was turned down for this debenture -- did the Minister of MACA have?