Mr. Speaker, if I understand the member's suggestion we should eliminate the obligation to post personal bonds in order to get loans under this program.
I want him to understand that we are going to look, with the assistance of himself as well, at the mechanisms underlying this program and try to find the best possible way to make the program most effective to the largest number of small businesses.
He will understand the cost incurred in doing that is one that has to be recovered. This is clearly the principal program we have for dealing with the borrowing needs of small business. In designing the program we will have to make sure we do it in the most effective way possible to benefit the largest possible number of small businesses.