Thank you, Mr. Chairman. As I have said, I am prepared to provide the information that the Members have requested for those companies that have supplied us with waivers. Some companies have expressed concern that information might be released without their permission. It is important to remember that there is no government money here. It is a bank. All of the seed money that the government had put in has come back from the proceeds. The fund pays for its own administration. This is private investors putting money in and it is being invested in northern businesses. If it is important for Members to know the details of who received the money, any investors who we have signed waivers is information I can make available.
I am trying to make the point that we will have difficulty placing all of the monies, simply because we do not offer any benefit over going to a bank. There is no improvement of the interest rate. The program itself has to be self-financing. The administration costs are coming back out, just like they would from a bank. It is a situation where these monies are available for investing in the north by companies that have good solid business plans. It is not going to risky companies. The underwriting company has insisted that there be solid blue chip business plans and that the funds are fairly well guaranteed. It is a difficult sell when you have no advantage over the banks and you then have to know that if you went to a bank no one would know how much you borrowed. However, if you utilize this fund there are going to be questions as to the amount that you received. Thank you, Mr. Chairman.
