Mr. Speaker, my honourable colleague is correct that both the Aurora Fund I and Aurora Fund II have been fully subscribed. I will not go through a dissertation of what fully subscribed means and my definition of it because I tried that before with Mr. Ootes. I am sure Mr. Henry understands fully what I said at the time. The Aurora Fund is currently sitting with, I think, somewhere around $6 million or $7 million. As the applications come forward, the management team, which is an external team outside of the territories, provides their recommendations to the board of directors and we approve these loans. That is kind of where it sits right now. Thank you.
John Todd on Question 633-13(5): Status Of Aurora Funds
In the Legislative Assembly on June 3rd, 1998. See this statement in context.
Return To Question 633-13(5): Status Of Aurora Funds
Question 633-13(5): Status Of Aurora Funds
Item 6: Oral Questions
June 2nd, 1998
Page 1589
John Todd Keewatin Central
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