Thank you, Madam Speaker. This is in response to a question asked by Mr. Ballantyne on April 7th.
Mr. Ballantyne asked a question as to what the timetable was to have an updated Companies Act revised and brought into modern context.
We wrote to Mr. Ballantyne on the 25th of April indicating that the drafting of a new Business Corporations Act had begun, and it was expected at the time that completion of this draft would be in the latter part of 1995. Thank you.