Sorry, thank you, Mr. Chair. So the purpose of the limit is to ensure that the assets, the current assets, of the Liquor Commission don't exceed the current liabilities of the commission in an amount in excess of $6.5 million. So it is really there to allow the Liquor Commission to purchase the inventory necessary to operate the commission, but it is also there to ensure that the Liquor Commission manages its working capital efficiently, and then, when it does build up excess assets in terms of cash, it transfers that cash back to the consolidated revenue fund. Thank you, Mr. Chair.
Mr. Kalgutkar on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on May 31st, 2018. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
May 31st, 2018
Page 4142
Kalgutkar
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