Mr. Speaker, I would now like to read my second written question and it's the long one.
Mr. Speaker, I've recently been made aware that recipients of loans under the Business Credit Corporation are free from any public scrutiny unless they are written off as bad debts. Mr. Speaker, however, the Business Development Fund, accountable to the same Minister, has its own report solely for the purpose of recording the names on the loans and how much has been given out on each loan. Mr. Speaker, that is truly accountability. The public has no idea how much public money is being lent and they are not privy to whom it is lent to because section 15 under the BCC Act protects the borrower and not the lender, which is, in this case, the public.
Mr. Speaker, I would encourage the Minister not to take steps but to rather take leaps in addressing public accountability and to help remove the stigma that the BCC is the bank for the well connected.
Mr. Speaker, would the Minister responsible for the BCC Act, using his directive ability, correct this flaw and report back to Members a list of whom the BCC has lent money to and how much they have lent in that last 10 years?
Thank you, Mr. Speaker.