The Lamèque Harbour Committee derives its income from electricity and mooring fees, and from renting out unloading docks. This is paid for by users. Our revenues are the same as our annual expenses. Sometimes, at the end of the year, we have a deficit of $2,000 or $3,000 on the books.
We then have to wait until April 1 to collect our rental fees. Then the year starts again. The port committee has never had $15,000, $20,000 or $30,000 in the bank. We are being asked to fund 20% of the value of each project. So a $5 million wharf would require us to invest one million dollars, money which we will never have.
Thank you.