Mr. Speaker, the member obviously does not understand interest. To think that there would be a payment of $160 million up front instead of $8 million a year for 20 years is entirely wrong. It will be discounted by an appropriate interest rate. That is exactly what I meant when I said it was a fair and reasonable substitute, with the discounted factor. That is the amount we will paying.
In the House of Commons on May 17th, 1996. See this statement in context.