Mr. Speaker, there is no doubt that there are rules to be followed in this type of transaction. As I have indicated on a number of occasions, the arrangements between the president of CN and the board is one that is subject to the controls that are internal to a crown corporation.
The rules as I understand them are that if any loans are made in excess of salary they have to be declared. That was the basis of the legal advice the president referred to yesterday. I have indicated in this House before that it is very, very complicated when you get into loans and acquiring homes in defining what the rules are, as the leader of the government in Quebec well knows.