Thank you, Mr. Chairman. Earlier this year, the Auditor General for Canada, Mr. Denis Desautels, forwarded his Report of the Auditor General to the Legislative Assembly for the year ended March 31, 1994 to the Speaker, the Honourable Sam Gargan.
This document, Mr. Chairman, along with the Public Accounts 1993-94, Volumes I and II, became the focal point of two days of public hearings in early May of this year, and one day of follow-up work at the end of the month.
Mr. Chairman, the Auditor General's report is divided into seven chapters: chapter 1 deals with matters of special importance and interest; chapter 2 deals with financial statement issues; chapter 3 deals with compliance with authority issues; chapter 4, audit observations; chapter 5, student financial assistance; chapter 6, municipal loans; and finally, chapter 7, deals with the issue of hidden subsidies.
Our committee presented its report on Tuesday, Mr. Chairman, and I believe Members had an opportunity to review it. We have three recommendations in the report but before I deal specifically with the recommendations, maybe I can go back to you, Mr. Chairman, to hear from other Members who may have comments on the report.