I should have clarified for my honourable colleague. It is not the individuals who run the board. It is the position. It is important, so that if the fund is still there, future Finance Ministers, Ministers of RWED, et cetera, would sit on that fund. The position of our fund is no different from it is in New Brunswick, Nova Scotia, Newfoundland, Quebec, BC, et cetera. They all work on the principle of some government involvement. You have to remember a little of the history. The federal government put this in place because under the previous funds where there were private sector funds, there was a great deal of problems associated with that. In fact, new Canadians were losing their money because of the term would be, scams that were in place. Under the new regulations for immigrant investment funds, the federal government made it clear that they want some presence of either provincial or territorial governments. Our system is not any different from it is in some of the other provincial jurisdictions. Thank you.
John Todd on Question 320-13(5): Aurora Fund Status
In the Legislative Assembly on February 13th, 1998. See this statement in context.
Further Return To Question 320-13(5): Aurora Fund Status
Question 320-13(5): Aurora Fund Status
Item 6: Oral Questions
February 12th, 1998
Page 786
John Todd Keewatin Central
See context to find out what was said next.