Thank you, Mr. Chairman. I have a few comments that I would like to make. It is regarding the statement the Minister made. Much of the budget for this year hasn't been approved by the board and it won't be until November. A lot of the decision is based on whether the Public Utilities Board will approve their application or not. Many things are still up in the air. From the figures in this document, it states that in 1993-94, the corporation made a profit of $9.363 million. From this profit, the corporation paid the government a dividend of $3.48 million, which was redistributed in the form of a power subsidy to the northern consumers. I will have a question about this later on. The remaining $5.88 million went to new capital projects. However, the forecast for this year, 1994-95, indicates that the profit is going to be forecast at $4.8 million, which is about 50 per cent less than what was earned last year. As a result of that, if you take the -- I don't know whether the government is going to get a dividend this year or not -- $3.48 million off the profit, which was given last year, that leaves only $1.32 million for new capital projects.

Up front, the Minister is saying that the budget calls for an expenditure of $20 million to $24 million. I take it that a lot of that will be in the O and M part of the budget. In the 1993-94 statement, with a profit of $9.36 million, it will be interesting to know what the total operating costs of the corporation were, to realize a profit of this amount.

The other thing is, if this current year's profit is going to be $4.8 million, would the corporation still pay the government a dividend from that and how much would it be? Would that dividend be applied to the power subsidy for northern consumers? Would that dividend be enough to cover all the power subsidy that is offered to northern consumers? Is the $3.4 million the total amount for power subsidy to northern consumers? Could the Minister answer those questions, Mr. Chairman?