Thank you, Mr. Speaker. I think it is important to understand how the Aurora Fund is set up. It is not set up as a bank. It is set up as system where immigrants are prepared to invest money in the Canadian north. Based upon them meeting certain criteria and certain security checks, they then receive a passport into Canada, as is done in pretty well all jurisdictions across Canada from British Columbia to Quebec. As the potential new immigrants come into the system, the money comes into the system and goes into an escrow account. We have a manager of the Aurora Fund who then reviews applications with the investment committee. As the money flows in, it then flows out with respect to the investments that may be on the books that the management investment committee have recommended. I do not know if that has answered the question of my colleague, but that is it.
John Todd on Question 570-13(4): Aurora Investment Fund Status
In the Legislative Assembly on October 2nd, 1997. See this statement in context.
Return To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
October 1st, 1997
Page 1381
John Todd Keewatin Central
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