Mr. Speaker, I would have to check back in the previous government to find out exactly why it was put in the FMBS and why it wasn't instead put into the Business Credit Corporation, for example, who also have the authority to give loan guarantees. I expect, Mr. Speaker, that the reason was that we, as a government wanted to maintain hands-on on the loan guarantees. Also the amount of the loan guarantees could quickly use up the surplus positions or money the Business Credit Corporation would have available to it. So I expect those are the reasons, but I would have to check with the previous government to find out exactly why.
Joe Handley on Question 125-14(6): Responsibility For Loan Guarantees
In the Legislative Assembly on February 28th, 2003. See this statement in context.
Return To Question 125-14(6): Responsibility For Loan Guarantees
Question 125-14(6): Responsibility For Loan Guarantees
Item 6: Oral Questions
February 27th, 2003
Page 415
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