Thank you. I just want to make the point that we are dealing with the 97-98 report, but the '99 report has been tabled and there are still problems with the Development Corporation. So I agree, maybe we are turning things around in certain areas, but clearly there has been at least a ten-year trend here. I think the governments have come and gone, but we seem to not have been able to get this under control. I think that is disturbing.

So I am glad the Minister takes the recommendation seriously, but I think if we back up and start right at the mandate, he said he has a committee to address the roles of the various lending agencies of this government. I think that is important. I think at the root of the problem with the Development Corporation is we cannot decide if we want to have a social or economic mandate.

What business is the Development Corporation in? Is this social assistance? Is this something that Education, Culture and Employment should be in charge of? Or is this economic creation and economic development? One of the criteria when we get involved in investments and subsidiaries with the Development Corporation is that we do not invest in anything that we do not believe within three years can be self-sustaining. The idea is that these will be sold. Well, I mean if we ask the Minister how many of the businesses it has created have been self-sustaining after three years, I am willing to bet it is none or very close to none. So I think we have to set realistic goals.

I think we have to re-look at the mandate and decide if it is a social agency or if it is the business of economic development because clearly it is not, in my opinion, achieving. It is achieving job creation, but in some instances, it could be argued that these are make-work projects, that they are not economically viable. So again in 1999, we do see considerable problems with the Development Corporation still, so I hope we are working to get a handle on this. Thank you.