Oral questions. Mr. Picco.
Debates of Jan. 30th, 1998
Topics
Further Return To Question 160-13(5): Return To Conflict Question
Question 160-13(5): Return To Conflict Question
Item 6: Oral Questions
Page 450
The Speaker Samuel Gargan
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
January 29th, 1998
Page 451
Edward Picco Iqaluit
Thank you, Mr. Speaker. Mr. Speaker, during the interim review, the Minister in charge of the Power Corporation committed to this House to provide the results of the environmental audits carried out by the Power Corporation in January. I wonder if the Minister could update us if he is going to table that today? Thank you.
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
The Speaker Samuel Gargan
The Minister of the NWT Power Corporation, Mr. Dent.
Return To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
Charles Dent Yellowknife Frame Lake
Thank you, Mr. Speaker. Mr. Speaker, unfortunately, I do not have that document available for tabling today, but it will be before the end of this session. Thank you, Mr. Speaker.
Return To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
The Speaker Samuel Gargan
Thank you. Oral questions. Supplementary, Mr. Picco.
Supplementary To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
Edward Picco Iqaluit
I would assume, Mr. Speaker, from that, then, the Minister has seen the document. I am wondering if the Minister could update us then, again, on what is happening with the environmental audits? What are the concerns here? How many liabilities do we have? It is very interesting and I would point out because we are, indeed, looking at the division of the Power Corporation. So, my supplemental question to the Minister is, could the Minister provide us with an update now, orally, on the environmental audits? Thank you.
Supplementary To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
The Speaker Samuel Gargan
Mr. Dent.
Further Return To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
Charles Dent Yellowknife Frame Lake
Thank you, Mr. Speaker. In fact I have not seen any such document yet, so I cannot respond to the Member's question.
Further Return To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
The Speaker Samuel Gargan
Oral questions. Supplementary, Mr. Picco.
Supplementary To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
Edward Picco Iqaluit
Thank you, Mr. Speaker. Mr. Speaker, is the Minister indicating then that the question is taken as notice that he will not be answering that question right now or could I follow up with a supplemental question on the environmental audits?
Supplementary To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
The Speaker Samuel Gargan
Mr. Dent.
Further Return To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
Charles Dent Yellowknife Frame Lake
Thank you, Mr. Speaker. I know the rules of this House quite well and I did not take that question as notice. My response was that I have not seen the report. In the previous answer I had told the Member that the report would be tabled before the end of this session. Thank you, Mr. Speaker.
Further Return To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
The Speaker Samuel Gargan
Thank you. Oral questions. Final supplementary, Mr. Picco.
Supplementary To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
Edward Picco Iqaluit
Thank you, Mr. Speaker. Thank you, Mr. Dent for that lesson in House procedure, I appreciate it. Mr. Speaker, my supplemental question then on the environmental audits is, can the Minister tell the House at this time, indeed, if there is any serious situation regarding environmental audits as outlined in this report that he has had briefing. Thank you.
Supplementary To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
The Speaker Samuel Gargan
Mr. Dent.
Further Return To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
Charles Dent Yellowknife Frame Lake
Thank you, Mr. Speaker. Mr. Speaker, having not read a report that has not been on my desk yet, it is difficult for me to respond to a question asking if there might be some problems in that report. I have given my commitment that the report will be in this House before the end of session. That is the only response that I can give.
Further Return To Question 161-13(5): Results Of The Environmental Audits
Question 161-13(5): Results Of The Environmental Audits
Item 6: Oral Questions
Page 451
The Speaker Samuel Gargan
Oral questions. Mrs. Groenewegen.
Question 162-13(5): Details Of Aurora Fund Expenditures
Item 6: Oral Questions
Page 451
Jane Groenewegen Hay River
Thank you, Mr. Speaker. Mr. Speaker, my questions today are for the Honourable John Todd, Minister responsible for the Aurora Fund, in response to Mr. Todd's Minister's statement on the Aurora Fund which was recently presented here in the House.
My question, Mr. Speaker, is the report refers to approximately $1.5 million which has been expended in marketing, sales fees and initial start up costs. Previously in the House my colleague from Iqaluit had questioned the Minister on the seeming lack of information that was available in the public regarding this fund. I would like to know if the Minister would be prepared to outline for us what that $1.5 million was spent on? Thank you, Mr. Speaker.
Question 162-13(5): Details Of Aurora Fund Expenditures
Item 6: Oral Questions
Page 451
The Speaker Samuel Gargan
The Minister responsible for the Financial Management Board, Mr. Todd.
Return To Question 162-13(5): Details Of Aurora Fund Expenditures
Question 162-13(5): Details Of Aurora Fund Expenditures
Item 6: Oral Questions
Page 451
John Todd Keewatin Central
Thank you, Mr. Speaker. I can get a very detailed response for my honourable colleague but I will outline today some of the areas where the costs are. You have
got costs on the front end for the agent, Mr. Lockyer, who goes out and sells the fund and travels all across Asia and the Middle East. That is significant. There are fees that we attach to the sellers of the fund. There is a fee we attach to the investment manager of the fund. There are travel expenses. There are some marketing dollars, et cetera. Most of the money, I believe, if my memory serves me correctly, most of the dollars are really attached to the fees that we expend on the front end to the sales agents that go and market the fund. However, I will get a detailed response for my colleague and table it in the House later next week. Thank you.
Return To Question 162-13(5): Details Of Aurora Fund Expenditures
Question 162-13(5): Details Of Aurora Fund Expenditures
Item 6: Oral Questions
Page 452
The Speaker Samuel Gargan
Thank you. Oral questions. Supplementary, Mrs. Groenewegen.
Supplementary To Question 162-13(5): Details Of Aurora Fund Expenditures
Question 162-13(5): Details Of Aurora Fund Expenditures
Item 6: Oral Questions
Page 452
Jane Groenewegen Hay River
Thank you, Mr. Speaker. I thank the Minister. That is wonderful news. I do not understand entirely what the relationship is between the liquid funds, referred to in here, that are held in investment, and it refers to the administering of liquid investments of both funds. What is the commitment on behalf of the fund with respect to liquid investments? Thank you, Mr. Speaker.
Supplementary To Question 162-13(5): Details Of Aurora Fund Expenditures
Question 162-13(5): Details Of Aurora Fund Expenditures
Item 6: Oral Questions
Page 452
The Speaker Samuel Gargan
Mr. Todd.
Further Return To Question 162-13(5): Details Of Aurora Fund Expenditures
Question 162-13(5): Details Of Aurora Fund Expenditures
Item 6: Oral Questions
Page 452
John Todd Keewatin Central
Thank you, Mr. Speaker. Part of the conditions of the fund that was set by the lender, Pacific and Western, was that 30 percent of the fund has to remain liquid, in bonds and in liquid assets. That is approximately 30 percent of the overall fund. Thank you.
Further Return To Question 162-13(5): Details Of Aurora Fund Expenditures
Question 162-13(5): Details Of Aurora Fund Expenditures
Item 6: Oral Questions
Page 452
The Speaker Samuel Gargan
Oral questions. Supplementary, Mrs. Groenewegen.