Thank you, Mr. Chairman. I was not going to make any comments pertaining to this issue, but since the Minister made defensive comments in regards to this, I agree to a certain extent with the comments he has made. Maybe those people we had over there tried their best to represent us. I am sure they did represent us over there. However, the bottom line is, Mr. Chairman, it cost us $4.2 million. That is a lot of money. We are supposed to be in a business where we are supposed to make money, or at least break even, but that was not the case. One cannot say that we have done a good job over there. If you look at the bottom line it is not very good for us. Whatever happened over there affects our overall fiscal framework for the government. The Minister has to realize that. Maybe if we did not get into this $4.2 million deficit for this project, we would not be haggling over this payroll tax that we just completed one hour ago. That only raises $1.6 million net every year. So, I cannot reason with the Minister when he says those people tried their best, they represented the territories very proudly and everything else, the bottom line is it cost us a lot and now we are paying for it. It is a lesson that we have learned. From our mistakes, hopefully any mega projects like this we have to consider all those types of deficiencies that the Comptroller General noted. We have to make sure that those types of controls are in place before we get into any type of project of this magnitude, or else we are going to lose money again. I just wanted to indicate that I am not too happy with what happened over there, but we cannot cry over spilled milk either. What is done is done, but this is a lesson we have to live with. Mahsi.
Henry Zoe on Tabled Document 133-12(3): Evaluation Of The Financial Operations Of Expo '92 Revolving Fund And Tabled Document 134-12(3): Aurorales Expo '92 Revolving Fund Account Balance Sheet, March 19, 1993
In the Legislative Assembly on April 2nd, 1993. See this statement in context.
Tabled Document 133-12(3): Evaluation Of The Financial Operations Of Expo '92 Revolving Fund And Tabled Document 134-12(3): Aurorales Expo '92 Revolving Fund Account Balance Sheet, March 19, 1993
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
April 2nd, 1993
Page 1481
See context to find out what was said next.