Mr. Speaker, I am glad we have returned to the question of New Zealand. The New Zealand post office created the Kiwibank and capitalized it out of postal revenues to the tune of about $360 million. This is a country, by the way, of about four million people. Kiwibank has been very profitable—the member is correct—but it is cannibalizing postal services, actually. The capitalization of Kiwibank has cannibalized the postal delivery service.
The member can google this right now if he wants to, but New Zealand is cutting back delivery to three times a week, closing dozens of postal offices and slashing 1,000 postal jobs. I thought that postal banking, as New Zealand was saying it, was supposed to save those jobs. It is not helping postal delivery services. It is helping a postal bank, by the way.
Will the member be able to tell us how much creating a postal bank would cost in Canada? How much would it take to capitalize it; how much would it take to run post offices as branch banks; and how would Canada Post be able to afford that in its current fiscal situation?