Thank you, Mr. Chairman. The Standing Committee on Government Operations reviewed Bill 11, Write-off of Assets Act, 1998-99, at its meeting on March 23, 1999. The committee would like to thank the Minister of Finance and his officials for presenting the bill. This bill would write-off approximately $941,000 in stock piled granular material assets the Department of Public Works and Services held in the granular products revolving fund. In most cases, the write offs reduce the book value of the material to reflect the actual value. In some cases, stock piled material has no current value due to a lack of market, poor quality material by the small size of the stock pile. The committee understands that there will be no further granular production under the fund as it was not cost-effective. Mr. Chairman, the standing committee had no difficulty with this bill and this concludes the report of the Standing Committee on Government Operations on Bill 11, Write- off of Assets Act, 1998-99. Thank you, Mr. Chairman.
Roy Erasmus on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 23rd, 1999. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
March 23rd, 1999
Page 88
Roy Erasmus Yellowknife North
See context to find out what was said next.