Mahsi. Most of our funding is through an application process. We either set up a subsidiary business, which is wholly or partially owned by the corporation, or we set up a venture company. So most of our investments are through a company, a business, so the coordination with other government departments is through that one business.

We do not do workshops or training programs as such, other than if they are channeled through a specific business. We could be doing some generic programs. There was one in the Beaufort-Delta with Aurora College on the career program. That was run by the Aurora College. It was not run by the Development Corporation. They used our facilities. That was the tie-in, so there is coordination in the sense that we do look for sources of money that we can access so that we can train people that are working in our businesses.

Thank you. We just recently, as the deputy minister indicated yesterday, upped the amount to $2 million dollars. It was $250,000 and the board had authorization to go to $500,000. Just recently, we have upped the amount. Thank you.

Thank you, Mr. Chairman. Mr. Chairman, through the board's structure, the board, whenever a loan of a large magnitude -- well, any loan that mattered goes to the board. They closely scrutinize it. They operate like a bank. Therefore, they scrutinize the application very closely. It goes through the board's process and any large loans goes to the Minister's office for me to approve it.

We can put mechanisms in place to review these different large loans. In response to your pre-amble, I would like to turn it over to the deputy minister to reply to those.

Thank you, Mr. Chairman. When we brought forward a legislative proposal to change the legislation to increase the size of loan to a maximum of $2 million dollars, at that time, we presented information as to the percentage of losses. When the cap was a million dollars, the BCC board loans ranked fairly well in comparison to other jurisdictions, when compared to Saskatchewan and others. I think it was in the neighborhood of 14 percent, in that range. We were very good compared to other lending agencies that were in the same area.

With regard to the market disruption, the BCC board faces a lot of importance when they are evaluating proposals and applications for loans. They put a lot of emphasis on the ability to repay the loan. If there is no capacity to repay, their tendency has been not to recommend it for approval.

Thank you, Mr. Chairman. The Community Futures fund is a fund that was devolved from the federal government. Our government expanded it to cover all regions. It is primarily a loan program. With the success of the Community Futures, they have been able to take on additional programs and deliver it on behalf of either the federal government or ourselves. Primarily, we provide O and M funding to the Community Futures. In most cases, we have provided capital funding so they can use it to make loans. They make loans up to a maximum of $75,000. For those Community Futures that are not capitalized, we have made arrangements so that they can lend money from the Business Credit Corporation loan fund.

Business development funds are money, grants and contributions that are made available to businesses. Generally, they are made by our regional trade and investment people. Each region has been allocated approximately $300,000 in grants and contributions. Thank you.

That is correct. It is based on the draw. In some cases, not all regions utilize the whole $300,000, so we generally move the money around to where the demand is the greatest. Thank you.

Mr. Chairman, the Member is correct. It has been a problem in the past but we took steps this year to deal with it. What we did is we instituted a policy change so that the -- generally, the rule of thumb that we use is we limit the size of the contributions to a maximum of $25,000 so we do not have that problem anymore. Thank you.