Thank you, Mr. Chairman. The Standing Committee on Finance reviewed this bill, Bill 14, An Act to Amend the Borrowing Authorization Act, on March 16, 1994. The committee understands the need to deal with this bill quickly. The Members discussed the proposed changes to the act and agreed it should be moved into committee of the whole for further discussion and action.

The Standing Committee on Finance did not feel it was necessary for the Minister to appear before the committee regarding this bill. Therefore, individual committee Members will take this opportunity in committee of the whole to ask questions. Mahsi, Mr. Chairman.