I think the Member makes a very good point. I was on committees that tried to review the performance of the Development Corporation and the BCC, as well, and was frustrated with the same sorts of issues. In creating this organization, one of the key things that came to the forefront was the need to delineate between the various mandates of this organization. There is no doubt, and I firmly believe, that there is a social mandate. The Development Corporation currently carries it out. That mandate will exist in the BDIC. There will be different funds. There will be a venture fund that will be for investments that have to perform and that are measured by such things as return on investment. We will have discussions around economic measures like payback period. Then there will be the pool of funds available to subsidiaries that really will be looked to to create economic development in communities, create employment, and will have to be tested by that. It is important for us to develop criteria around these two programs, around these two separate funds so that they can be measured and we can determine whether or not they are successful.
I think we have had some discussions with the Auditor General who has pointed out in the past when that office felt that subsidies were being exceeded. Allowable subsidies that we laid out in our programs were being exceeded for an organization. That, obviously, is very troubling. It is something that we don't want to see. It is important for us to continue to measure ourselves and to identify areas where we aren't seeing that level of success, because you can't put, as the Member has indicated, a return on investment or business case test to an organization that really has been tasked with creating employment, nor should you.
I think these dual mandates exist. It will still be a lender of last resort, which means it will take more risk than a chartered bank would, but it would still be measured by performance. We will have to clearly lay that out for this new organization. We will not get away from the social mandate. We shouldn't hide from that mandate. I think it is a very important one. But I do take the Member's point that we still need to be able to ascertain whether or not we are being successful. We can't just say, oh yes, don't look at that or don't grade that because that is a subsidiary and its only role is to create employment. There still has to be tests. There still has to be standards. We have to make sure we are creating the most employment from money that we can with that organization. We intend to do that. Thank you.