First of all, my understanding of it is there is no deemed default right now, I believe. I want to remind everybody again, this Aurora Fund does not have any government financing behind it. If you remember, what we did is, we asked for $380,000 worth of seed money to move the thing forward, which was repayable. I believe they have done that. If there was any default, the loser, in fact, would be the fund itself, which would then be the bank, which is Pacific Western, who is backing this fund. There would be no liability. I believe that is what Mr. Henry is looking at, no liability of this government should a loan that the Aurora Fund has given be in default. Thank you.
John Todd on Supplementary To Question 633-13(5): Status Of Aurora Funds
In the Legislative Assembly on June 3rd, 1998. See this statement in context.
Further Return To Question 633-13(5): Status Of Aurora Funds
Supplementary To Question 633-13(5): Status Of Aurora Funds
Point Of Order
June 2nd, 1998
Page 1589
John Todd Keewatin Central
See context to find out what was said next.