Thank you, Mr. Speaker. As I have said on a number of occasions, that while we are fully subscribed to both funds, and there is a difference of opinion on fully subscribed, as the money flows from the immigrants who receive approval for their Canadian citizenship, as that money flows in, 30 percent of that money goes into the liquid fund and the other goes into escrow for investment in northern businesses. It would be difficult today to determine an actual amount, but all I can tell you is that whatever monies have flowed through the system, $11 something million if my memory serves me correctly, 30 percent of that will be in a liquid fund and that is an agreement reached by all parties for them to back and to support fiscally, this Aurora Fund I and Aurora Fund II. Thank you.
John Todd on Question 162-13(5): Details Of Aurora Fund Expenditures
In the Legislative Assembly on January 30th, 1998. See this statement in context.
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
January 29th, 1998
Page 452
John Todd Keewatin Central
See context to find out what was said next.