Thank you, Mr. Speaker. Following the concerns by the auditor general in his report that was given to us as a government, there were procedures set out for approving the business plans of each of the subsidiaries. We asked that each subsidiary develop a business plan which would include all the financial information including projected revenues and expenses, that these plans would then be reviewed and evaluated by the subsidiary managers and the business advisors within the NWT Development Corporation. The business plans would then go and be reviewed and approved by the corporation president and given then to the board of directors for their consideration and approval. It would then also go to the Minister and the Financial Management Board. We also set out that the Minister should submit a list of the recommended contribution agreements for each subsidiary to the Financial Management Board for approval. Those were the processes used in considering the measurable objectives that were asked for by the auditor general.

For the marketing operations down south, one of the major indicators of success, we thought, was the amount of sales generated and if those exceeded the cost of operations, that would tell us whether we are making a profit or not. I am not sure if Members are aware, but we did set up these outlets so that there were weekly and monthly figures coming out, so that the president could monitor very closely the performance of each of these outlets down to the point of tracking the sales. The fact is, all these outlets, even with subsidies, were losing money generously. That led to the decision by the executive of the Arctic Canada Trading Company to begin shutting down those outlets and for Arctic Canada Trading to look at other ways to market and sell our products. Thank you.