Thank you, Mr. Chairman. Mr. Chairman, the arrangement or the requests and working with the NWT Development Corporation began in March of 1999. Thank you.

Thank you, Mr. Roland. Mr. Braden.

Okay. So it started in March of 1999 and up to what period? I am looking for the time frame here. Thank you, Mr. Chairman.

Thank you, Mr. Braden. Mr. Roland.

Thank you, Mr. Chairman. The operation concluded, seized to exist, in March of 2002 or approximately that time. Thank you.

Thank you, Mr. Roland. Mr. Braden.

Thank you, Mr. Chairman. Were there any other contributions or assistance from other agencies of this government to this business? Thank you, Mr. Chairman.

Thank you, Mr. Braden. Mr. Roland.

Thank you, Mr. Chairman. I better correct myself. Initially, it was August of 2002 that the relationship had changed. There were other funds provided through other sources within the government and the BCC was involved in this as well to the tune of approximately $100,000. Thank you.

Thank you, Mr. Roland. Mr. Braden.

Thank you, Mr. Chairman. There was no other agency involved and the total amount of GNWT contribution to Nats'enelu was then $250,000. I just want to confirm those numbers so far. Thank you.

Thank you, Mr. Braden. Mr. Roland.

Thank you, Mr. Chairman. No, the total amount owing to the government was approximately $350,000. The first amount was for $150,000 in 1999 and then in 2001, through the Development Corporation, it was another $100,000 and then a further $100,000 from BCC. Thank you.

Thank you, Mr. Roland. Mr. Braden.

Okay. So we are up into several hundred thousand dollars of contributions to this organization. I guess, Mr. Chairman, I would like to ask was a substantial amount of this paid back or recovered through the organization? Thank you.

Thank you, Mr. Braden. Mr. Roland.

Thank you, Mr. Chairman. No, there wasn't a substantial amount repaid. Thank you.

Thank you, Mr. Roland. Mr. Braden.

Mr. Chairman, then to add some numbers up here, we see that we have a total of $350,000 that was advanced to Nats'enelu from the Business Credit Corporation and the Development Corporation, and in addition about $430,000 was provided through other departments. So we have almost $800,000 by some accounting here to Nats'enelu, but we are able to go after $150,000. Do I have that right, Mr. Chairman?

Thank you, Mr. Braden. Mr. Roland.

Thank you, Mr. Chairman. Mr. Chairman, the total amount is $350,000; $150,000 of that was in preferred shares and that is the amount that we are accounting for through this write-off. We are no longer able to count on those preferred shares as an asset. Thank you.

Thank you, Mr. Roland. Mr. Braden.

Thanks, Mr. Chairman. This is a very difficult forum in which to exchange this kind of information and I am not going to drill down into this any further. What I wanted to do, Mr. Chairman, for the record and the people who are looking and listening to this kind of thing, is to show that over the course of time, the Minister has suggested about three years, maybe four, that this government was involved in some fairly significant contributions to a business. Over the course of time, we kept putting money into something that really wasn't showing it could get through the start-up difficulties. So there was a failure here, and a regrettable one at that, because Nats'enelu put out a tremendous product. It's regrettable that it didn't go. What we are involved in here is looking at how we assess and the kind of decision-making process we have for businesses. It seems that perhaps in this case here, over a period of several years, we were just trying to help a business hold on that really didn't have a good plan going for it from the start, perhaps hadn't put together all the ingredients that it really needed.

So our ability to assess and properly support and fund a business was really not quite up to snuff. We've lost a fair amount of money and the business has failed. So as I say, Mr. Chairman, this is illustrative of some shortcomings that we have had in our business support system and we have an upcoming fairly major changeover to our whole support to business support, so some of these things may be addressed in there. I have no other questions on schedule 1, Mr. Chairman.

Thank you, Mr. Braden. Mr. Roland, would you like to comment?