Thank you.
That will conclude our hearing. Thank you all very much.
Mr. Friedman, I just want to point something out to you. I have been on this committee a long, long time. One might think it is easier for smaller organizations to follow all the rules and details, but it has been my experience that the lack of capacity to stay on top of those things....
This is the first examination of your organization by the Auditor General. In my mind it would have been, maybe not acceptable but certainly understandable if there were procedures that were very loose, shortcuts taken, and you made up your own way of doing things, that everything was nice and clubby, and it could work. Yet, the Auditor General went in there and I want to repeat what he said:
We are pleased to report that we found no significant deficiencies in the Foundation's systems and practices during the period covered by the examination.
In my opinion, given everything I have seen, that is something you should be very proud of. No one has ever gone in there and come out, having been analysed by Mr. Ferguson, received a report like that. That speaks an awful lot to the commitment of the people that are running that organization, the staff and volunteers.
The last thing I want to leave you with is a suggestion. If you can't find an individual that doesn't have a lot of economic experience, maybe you could tap into one of the local universities that could create an economic advisory board, or investment advisory board, made up of some of their leading students and some of the profs who could provide that on an ongoing basis regardless of who your individual person is. That's just one more suggestion. Again, sir, well done. Please keep up the good work.
Mr. Saxton.