Mr. Speaker, on Monday I asked the Minister of Industry how much public money had been flushed out to sea by the Shearwater Development Corporation. The Minister of Veterans Affairs responded with some meaningless gobbledegook.
I now know that Shearwater received an initial payment of $2 million and a later top up of $600,000. The company is not only broke but is being sued for $660,000 for the cost of airport operation and maintenance. The only physical evidence of this so-called development program is a boardwalk and retail complex to which the company contributed about $200,000.
We can do the math. A handful of Liberals has frittered away more than $3.2 million in four years. This cries out for an independent investigation.