Thank you, Mr. Speaker. Mr. Speaker, I will refer again to Tabled Document 53-13(3), Report of the Auditor General for Canada on the Legislative Assembly of the NWT. Mr. Speaker, the WCB manages an investment portfolio of some $135 million on behalf of the stakeholders. In 1993, the income from the investment holdings was reported in its financial statement as $13.6 million, some 60 per cent of its assessment income for that year.
However, in 1994, investment income fell to $4.8 million and represented less than 20 per cent of the assessment revenue. The WCB's recently-tabled corporate plan contains a reference to the board's 1994 investment returns being lower than projected, but notes that increased assessment revenue and reduced operating costs managed to offset this adverse effect. This does not explain, as is explicitly required by the FAA, the year over year changes and returns from this significant business activity. My question is why.