Thank you, Mr. Chair. The answer is no. In terms of subsidiaries, and you might think of a current subsidiary would be the Fort McPherson Tent and Canvas shop. For that type of organization, we will not put a return on investment economic test to that organization. The mandate is to create employment. We will talk about the amount of employment created. It will be measured against that standard, but venture investments that we make in organizations will be put to the test and will be tested against return on investment. So the adjustment to the bill was simply to clarify that. It makes it very clear, I believe, that return on investment does come into play when we are talking about venture investments. It does not come into play when we are talking about subsidiaries. I think the Member can see that we would logically see negative returns on investment on our subsidiaries if you put that strict economic test to those organizations. Thank you.
Brendan Bell on Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 16th, 2005. See this statement in context.
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
February 15th, 2005
Page 1292
See context to find out what was said next.