Thank you, Mr. Speaker. We had a meeting this morning, myself, the Deputy Minister of Resources, Wildlife and Economic Development, the new president of the NWT Development Corporation. We know there is urgency to come up with a business plan for the NWT Development Corporation as well as a need to respond quickly to the business plan that was tabled by Mr. Morin the other day. I have asked them to work quickly to address that and come up with some plan with the community that would ensure the ongoing viability of the sawmill and to look at different options on how that could be done. It is clear to all of us that the level of funding that was available in previous years is simply no longer there. There is a real need on our part to make sure all subsidiaries are treated the same way, and given the same level of support. We will work to achieve that. There are concerns with the auditor general that need to be addressed. We will be looking at ways in which we can make sure the operation of the Development Corporation is done in a way that assures the public, this government and the communities that we are doing everything we can to operate in line with legislation, in line with

acceptable accounting practices and with sound business practices and policies in place.

An operational audit, as I said, was requested by the Financial Management Board in February and we are now looking at doing a full comprehensive audit, and are requesting that to be done on the NWT Development Corporation and each subsidiary, looking at the value-for-dollar component of it by asking the Auditor General of Canada to do a comprehensive audit of the Development Corporation. Thank you.