Mr. Speaker, my view is that where appropriate it is a useful tool. My example of that would be the Canada Foundation for Innovation which has been managed very well in the interests of building scientific research infrastructure across the country. The amounts are determined by an independent arm's length board of directors that does the technical analysis in the context of the strategic infrastructure fund. By contrast we decided that should not go to a foundation but rather be done as a government program with responsibility in the appropriate minister's hands.
In the House of Commons on June 5th, 2002. See this statement in context.