Thank you, Mr. Speaker. I would imagine it would be blue chip investments because they want the ability to be liquid. The Pacific Western holds onto that. The escrow account is run by the Bank of Montreal. I think it is important to point out that it is not something that you just leave and sit there. Under the rules and regulations of the Immigrant Investment Fund, we have to get the money out within 75 days and lent to northern businesses. On the investment side that money has to be out within 75 days, I think it is 75 days on the liquidity side that remains in place until the fund is paid back in the fifth year. 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.