Thank you, Mr. Speaker. Let me say that, this year, we know that the Development Corporation has a smaller scope of operation, there are fewer subsidiaries to support and fund. The headquarters staff have less work to do. The Arctic Canada Trading Company, I believe, also has less product to move because the entire jurisdiction of Nunavut is now no longer the responsibility of Arctic Canada Trading Company. It follows that we can expect them to downsize at least on a temporary basis. We have concerns from the Auditor General that suggest that we should have some concerns about the size of some of the operations of the subsidiaries.

On the political side, and I have said this to the standing committee, many of our communities in the west do not receive a single dollar from the Development Corporation because there are no subsidiaries, no projects in many of the communities. We now have some projects that are being proposed to us for which we are unable to respond. It follows that some of the subsidiaries that are taking more than the approved allocation of funds by the FMB should be reviewed and the Great Slave Forest Products is one subsidiary that is taking a large amount of funding support from the Development Corporation. It is necessary to address that.

It should be pointed out, I guess, that this is not a subsidiary that is exactly locally owned or controlled, but we have advanced to the people of Fort Resolution a number of suggestions. The difficulty we are having right now is trying to make sure that the financial information we have about the operation of that subsidiary, the financial information that we get is accurate and factual. That is going to take us a little while. We have been unable, as I understand it, to provide the information that the Auditor General has been asking for a number of years now. Thank you.