Thank you, Mr. Speaker. My question is to the Minister of Financial Management Board. Mr. Speaker, I recognize that it is often difficult for home owners in small communities to receive mortgage financing from banks. So when the Minister of Finance announced, as part of his Budget Address, that a Mortgage Investment Corporation would be established to enable Northerners to purchase government staff housing, I understood the reasoning. I was then pleased to hear recently that the banks and CMHC may very well provide mortgage financing in small communities. This suggests that we may no longer need the Mortgage Investment Corporation. We had authorized the setting aside of $5 million to start up this Mortgage Investment Corporation. Now that we may not need it for that purpose, I am sure there are many suggestions as to what we can do with the money.
My first question to the Minister is, when does he anticipate knowing whether or not he will need the Mortgage Investment Corporation?