Thank you, Mr. Speaker. When we set up the fund, I made sure the investment committee was made up of southern appointees who were knowledgeable in the lending and funding institutions of Canada so we could avoid any appearances that there may be political interference in the allocation of where the dollars go. This fund operates independent of government. We acted as the seed money which we put it which we have recovered from the fund. I would have to check with the fund managers and the others if in fact we are going to deliver a report to this House. The way I envision it right now is independent of government, and it is set up in a manner where political interference is nil. It is proceeding with applications for business interests, $750,000 and up. We are excited about the fact we have been able to sell the fund as successfully as we have. As I said earlier, we are on the second fund, moving forward to provide investment capital for entrepreneurs at a time when it is desperately needed. Thank you, Mr. Speaker.
John Todd on Question 570-13(4): Aurora Investment Fund Status
In the Legislative Assembly on October 2nd, 1997. See this statement in context.
Further 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 1382
John Todd Keewatin Central
See context to find out what was said next.