Thank you, Ms. Lee. Mr. Roland.

Thank you, Madam Chair. One of the difficulties of this is that the estimates -- for example 2003-04 main estimates that were provided during the previous year of $51 million and again if you look at 2004-05 proposed main estimates of $57 million -- that is our department working with the federal department to come up with an estimate as to what we will be receiving. They collect our taxes for us and remit them back to us. So that's how we work with them.

What you find in the 2003-04 revised estimates of $57 million, are prior year adjustments. The possibility is there with the 2004-05 numbers -- although we're proposing $57 million because that's the numbers we are working with with the federal government -- that there will be some adjustments again coming forward and that will be reflected in the next cycle. It makes it complicated in that way. Normally the comparison should be from mains to mains, to reflect adjustments that are made throughout the year as there are either more earnings or fewer earnings. In fact, this shows a prior year's adjustments being incorporated in the revised estimates; that shows a $57 million figure. Thank you.

Thank you, Mr. Roland. Ms. Lee, your 10-minute time limit has expired. I'll put you back on the list. Next I have Mr. Menicoche.

Thank you, Madam Chair. I was just looking at the budget address. Our projected revenue was stated at $917 million. On page 3-22, it says total revenue is $820 million. I wonder if you could give me an explanation of the difference.

Thank you, Mr. Menicoche. Mr. Roland.

Thank you, Madam Chair. The $820 million shown here in total revenues is the total amount this department receives. There are a number of other smaller funding amounts that go directly to other departments. I should say it comes into consolidated revenue, but other departments account for it in their budgets. So this is what we account for. All the total money goes into a consolidated revenue fund, but other departments account for some of the pockets of funding they have where they have specific agreements with federal departments. Thank you.

Thank you, Mr. Roland. Mr. Menicoche.

Thank you very much for that explanation. I take it it's other transfers or other grants that other departments receive that don't actually show up in the Department of Finance.

Thank you, Mr. Menicoche. Mr. Roland.

Thank you, Madam Chair. The Member is correct. Every department, as we go through this exercise, will have a similar page of revenues, recoveries and transfer payments. For example, Transportation charges fees for licences and so on. They account for it in their section of the budget and if there are any specific agreements that are dealt with by department by department, that's where it would be accounted for. That's why we don't have the total amount here. At the end of it, it's all in the consolidated revenue fund and that's where we come up with the $917 million of revenue. Thank you.

Thank you, Mr. Roland. Mr. Menicoche, please go ahead.

I just have one more question with regard to taxation revenue and property taxes. It looks like a $3 million increase. I am just wondering what to base that on. In fact, it looks more like a $6 million increase if you go from mains to mains.

Thank you, Mr. Menicoche. Mr. Roland.

Thank you, Madam Chair. The reason that jumps up is assessments are done and

incorporated, so there will be some increases just due to the normal assessments that are done. The reason there is such a large jump in this one is we have also done assessments on property taxes or properties to do with the large industry out there right now. That's why it's such a large jump. The vast majority of that is the exercise of now doing assessments for mines and other large developments and that's the income on the property tax side.

Thank you, Mr. Roland. Mr. Menicoche.

Thank you, Madam Chair. Will this figure be used for the next four years annually, $14 million taxation revenues and school revenues? I am just wondering if we will be using that figure for the next four years.

Thank you, Mr. Menicoche. Mr. Roland.

Thank you, Madam Chair. The number we are establishing right now is for current year and there could be slight changes as the taxation assessment role changes. So if there are new properties put on, for example, if more lot development takes place and houses are built in tax-based communities, that would show the growth in that area as well as any small changes in how the assessments are done in the value of properties, but it is forecast to go up by a small amount going forward. Thank you.

Thank you, Mr. Roland. Mr. Menicoche.

Thank you, Madam Chair. I am just trying to establish if that will be our revenue base in that line item in the next few years. It seems like that is how it's going to be. Thank you very much.

Thank you, Mr. Menicoche. Are there any other questions on revenues, recoveries or transfer payments? Ms. Lee.

Thank you, Madam Chair. I have a short question, which has been introduced by Mr. Menicoche on the property taxes and school levies. May I get the information as to what portion of the increase between 2003-04 mains to 2004-05 mains, which amounts to almost $7 million, is coming from the diamond mines? Thank you.

Thank you, Ms. Lee. Mr. Roland.

Thank you, Madam Chair. We don't have the exact figure. We do have estimates and we are looking at the majority of the increase coming from the mines, the establishment of taxing the mines. We are projecting an increase of 30 percent largely due to the assessment of one of the mines and we already have an assessment of another mine. A large majority of that increase is mainly due to the mines.