Thank you, Mr. Speaker. I thought I said it, but I will reiterate again today, $380,000, I believe, has been repaid, but I will double check that. The important thing I want to say again is that the decisions to recommend a loan are not made by deputy ministers and are not made by Ministers. I specifically structured the fund that way to ensure there was no political interference in who got loans. The fund is structured in such a way that there is an investment committee, made out of three external people in the investment community, who recommend to the board what should go and what should not go. There is no, repeat no, liability to this government whatsoever should somebody be in default of a loan in which emigrant investment money, not GNWT money is being used to lend out.
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 1590
John Todd Keewatin Central
See context to find out what was said next.