Public Accounts committee  My assertion is that it's not calculable. It is in the abstract, but are we going to look at the 90-day bond that's released, the 10-year bond that's released, the 30-year bond, or the 50-year bond? Which one will be used? When governments go to the market to raise money, they do

Public Accounts committee  Boy, that's a complicated question, because it speaks to the intent of the investors. I guess one way I would look at it is this. The incentive structure that was put in place was the subject of very intense negotiations between the Government of Canada, other governments that a

Public Accounts committee  A number of these are large, sophisticated investors who invest all around the world. An example is CPPIB. Did the money that CPPIB put into these four funds of funds come out of money that they otherwise would have invested internationally in ports, or airports, or roads? I gues

Public Accounts committee  I'm going to have to defer to my colleagues on the list of companies. I'm not sure. But on the rate of return, there is no calculation right now of the rate of return. It is a dynamic concept. I'm not sure what to do with that, actually. Is there some point at which...? There cer

Finance committee  I'm Richard Botham and I'm the assistant deputy minister of economic development and corporate finance, which includes activities related to review of corporate assets. The funding you see in supplementary estimates (C) is a continuation of temporary funding that has been provide

Finance committee  It is not mandated by legislation. It is mandated by policy decision of the government and, as I say, this is a continuation. It's a continuation, not a last time issue; it's ongoing.

Finance committee  It certainly is an amount that has allowed the department to carry out the work that the mandate has governed our department to do in the current year. Should that mandate change, either to end or increase, then, yes, there would probably be a request for a different amount of re

Finance committee  I guess there are two parts. The one part was a statement around temporary moving to permanent, and I guess from our perspective there are two opportunities for the government to evaluate whether government feels it's getting value for money. There is an approval required for the

Finance committee  What you see represented here, as you've mentioned, is the first installment of funding provided to the bank. You're correct that it is money being used to establish the bank: start-up costs around buildings, real estate, staffing, and IT systems. This is start-up money. The sec

Finance committee  That's correct.

Finance committee  In that last part where you said there is no plan, what I was trying to convey in my earlier statement was there is a corporate plan process. One corporate plan has been received. The focus of that was on start-up. There will be another corporate plan in the next fiscal year that

Finance committee  Typically those plans would come forward to the Treasury Board for its review in spring or early summer, so that's what I would anticipate.

Finance committee  That's the typical planning framework for corporations, but not all corporations fit within the typical. I don't have a date at which that second corporate plan is going forward.

Finance committee  Yes. It's $19,006,000.

Finance committee  I'm sorry. Do they have....?