Mr. Speaker, there are two things I would like to point out to my colleague from Kitchener Centre.
First, with all due respect, the alleged optionality of these institutions is completely misleading. I wish I had more time to explain to the hon. member some of the points I made earlier in my speech, but the fact is they are statutory national bodies that would affect the rights and interests of all first nations in Canada, whether or not they are added to the schedule. I will have to stop there because there is no time to elaborate on it, but I would like to emphasize that point to her.
Another point I would like to make is she mentioned that optimistically they hope to free up about $125 million over five years in venture capital or private financing for projects. Does she not find it odd that the budget for these four institutions is $25 million per year? In other words, it will cost $125 million to run these four new institutions for five years, and that is the exact figure they are optimistically hoping to free up from private sources to promote initiatives. To me that adds up to a recipe for failure. I would like her comments on that.