Mr. Speaker, my questions are directed to the Minister of Finance with regard to my statement earlier about the loan to Discovery Air to the tune of $34 million. The Minister talks about due diligence and when we review the report it’s surprising to me that there was no market disruption review done in regard to this particular loan. There are other lending agencies out there who had loans in place, they had a major stake by way of shared equity in this company, but they weren’t even contacted in regard to this government’s $34 million loan which undermines their ability to basically provide that service in the northern economy. Yet, Mr. Speaker, the loan that the Gwich’in presented at $10 million was at 9.25 percent but the government loaned some $34 million at 10 percent, which is higher than what’s presently in place now. I find that kind of odd.
I’d like to ask the Minister, during the evaluation of the loan request submitted by Discovery Air, did the government officials or Deloitte Touche provide information about the possible ownership, management options and what could be an exchange between the Gwich’in Development Corporation or other private investors such as lending agencies to take ownership of that loan?