Newfoundland and Labrador Hansard — Statements by Ministers — 4 July 1988 (40th General Assembly, 4th Session)
1988-07-04
Newfoundland and Labrador — Debates (Hansard)
Volume XL Monda y Province of Newfoundland FORTIETH GENERAL ASSEMBLY OF NEWFOUNDLAND Fourth Session VERBATIM REPORT {Hansard) Speaker: Honourable P.]. McNicholas Number 67 4 jwy 19 88
The House met at 2:00 p.m . MR. SPEAKER (McNicholas): Order, please! Statements by Ministers PREMIER PECKFORD : Mr . Speaker. MR. SPFAK[R: The han. the Pr~::~mier . SOME HON. MEMBERS : Hear. heai~! PREMIER PECKFORD : Mr . Speaker, th e hon . member s of the Opposition continue to do government a favor by bringing up the topics of the Prov inc e's une mploymen t rat e and the topic of economic performance in speeches, comments to the media and mo st rece ntly , on Private Memb ers Day last we ek.
It is a favor because it prov ides us with ano ther oppor tunity to outline the tremendous gains, on all fron ts , that are bein g made in Newfoundland and Labrador. SOMf HON . MEMBERS: Hear, h~~ar! PREMIER PECK FORD : Tl: Jnll st., und erstandabl y, be demoralizing for the Opposition ,....,hen they have a neiAJ, h.i.gh --prJc ed Lea der, that the y see the polici es of l:he governm ent successfull y pulling the Pr ovince from the recessi.on of l:he eal~l y f:o m·Ld 1980's and leading us to unprecendenled economic achievements. I appJ.aud thE!m for their pluck and tenacity .
Their efforts to misconstrue and obfuscate the gains being made, however, border on the irresponsible and demonstrate new L3827 July 4, 1988 VoJ. XL highs in negativity in the face of progress . Take, for exampJ e, their rE·peated reference to labour market statistics included in the "Labour· 8ul1e l.:in" campi led by thE! Departmen t of Labour for the fir st quarter of 198 8. Thi s bull eti n is intended to prov ide both business and labou r wlth collective bargain ing info rma tion and r.ln nou nc::l! ments of n'i!w a.ct :lvities and programs in that department.
Tt is nol intended as an indicator of economic activity in the Province, as Lhe Oppos LLLon so misleadingly have used it. Yet, even if IJ.Je look at the stati.st.lcs included in t:he bull et in, the deception the Opposit io n are undertaking is clear . The wo nderfu lJ.y damag ing figure used repeatedly is that the unemployment rate ros e betwe en January and Mar ch of 1988 from 19.6 to 21 .9 percent. Wha t is also includ ed in the bulletin , but which is conveni ently ignored by the Oppos itio n, is that emplo ym ent rose by 4-,000 or 2. 3 percent from January to March. SOME HON. MEMBERS : 11~::1a.r, hc,,ar!
PREMIER PECKFORD : rhe rea son Lhe unemployrnc"•n !:. rate increased was that an even greater nurnbo.1~ of IAJorkE!Y'S, 12,000, jo ·ined the labour for'CE! to search for a job. Demons tr·a t i. ng how ou L of touch they arE! with ·thE! reality of e~rtploym<:!nt :in th(:1 Pr·ovince, the~ Opposition seem unaware - as every NewfoundJ.ander knows - that the Spring is u.Jhen fj _shermE!n and plant workers, loggers, construction workers, service workers in the tour:ism industry, all r'E! .. -enter· the No. 67 R3827
workforce. Our economy is largely seasonal, and it demonstrates little to compare one month to the next in the same year. A morE:~ reveal "i.ng and relevant basis. Mr·. Speaker. for comparison i.s to compare the same month From one year to the next, when the same seasonal characteristics are at work. When we compare March, 1987 to Mar·ch, 1988, we see that the labour force rose by 11,000 or 4.1 percent, employment rose by 12,000 or 7.3 percent and the unemployment rate fell by 2. 5 percentage points, from 24.4 percent in March, 1987 to 21.9 per·cent in March, 1988.
The seasonally adjusted unemployment rate was, of course, much lower. during the first five this year the seasonally Lln(:~tnployrnent~ rate IAldS In fact, n1onths of adjusi:ed 17. 6 p<:!r for th:i.s cent, th1E! lowest recorded per:i.od s:i.nce 1983. SOME HON. MEMAERS : II ear, hE:~ar! PREMIER PECKFORD : Thj s was on the strength of employment levels in the First five months of 1988 that were the highest ever recorded in the Province. Seasonally adjusted elllployment u.ms 194,000 and unadjusted employment approximatE!d 180,400 on a monthly average basis.
The decline in the unemployment rate is even more significant, Mr. SpeakE!r, in light of the fact that the labour force (adjusted and unadjusted) has increased to the highest levels ever recorded in Newfoundland and Labrador. As more people enter the labour force , tAli i: h o p t ~i. mi s m based on the strength of the increased economic activity generated over the last two yeai"S, the Province 1 s L3828 July 'l·, L98a Uo l XI . p i:'l i" i.: i. ci . p r.d: i. on r a i.: e r (~a c 11 e d i l: s highest level ever in 1987 - 53. 1 ·pei" r:f~nt.
Mor(:' pE!Ople c~re entering the workforce than ever befor·o and rnorc,~ people are be"i.ng employed than every before. To argue t·~hat thE! unE!mploymeni: rate is falling because of out-migration, as the hon. the Leader of the Opposi U.on has beNl tryi.ng to do, ts, tn light of these figures, completely unjustified. In fact, compared with thE! 11 Halcyon Days 11 of U.beraJ. government in this Province, net migration has decreased by half. SOME HON. MEMBERS : Hear, hear!
PREMIER PECKFORD : F1nom 1.96l to 1966, m~t rni.grat'.ion totalled cloSE! to 24,000 and from 1966 to l9'7l -~ d11ring which U .me thE! hon. the Leader of the Opposition was a member of the Smallwood Cabinet - it j umpE!d clasP. to 29,000, Mr. Spee~kE!r. SOME HON. MEMBERS: Oh, oh!
PREMIER PECKFORD : In the economic boorn and outburst of optimism i:.hat came :in the wake of the Liberal goVE!rnrnE!nt 1 s fa].] .. n e t mig rat. ion d r o p p e d to l <~ s s than 1000 from 1971 to 1976; and from 1976 to 1981 .it went back up to close to 20,000 and from 1981 to 1986 - under the current administration - it dropped to under 15,000. SOME HON. MEMBERS : Hear, hear! PREMIER Pf.CKFORD : T.f we t~..dsh to locaLe l~.h(~ sour'CE! of the Province 1s sluggish populatton growLh, thai. Lhe Leadl=H' of· the Opposition talks about, an No . () 7 1nan
increase of less than a 1000 from 1981 to 1986, it is mor·e useful to study our declining birthrate. While net migration was some 10,000 more from 1961 to 1966 compared to 1981 to 1986, the birthrate was 55 per cent lower in 1986 than it 1.1.Jas in 1966. Our net migration was lower, but our birthrate was lower. From 1961 to 1966, there were over 75,000 births i.n the ProtJince; from 1981 to 1986 there were 44,000, from 75,000 dotAJ11 to IJ.4,000. Thero i!; your reason for a stagnating populati.on, Mr. Speaker, l:h0 s.';tme as for industrialized na ti ons throughout the Western t.~.Jorl.d.
The Newfoundland and Labrador economy still suffe rs from an unemployment rate that i.s unacceptably high. Everybody in the Provi.nce agrees t.oith that. We have nevertheless made tremendous gains from the disastrous rates reached during the recession. In 1987, more people:~ had jobs than at any time in the Province 1 s history. More people had jobs in 1987 than at any time in the Province 1 s history. SOME HON . MEMBERS : Hear, hE!ar! PRfMIER PFCKFORD: It is sti_ll not good enough, but it still indicates something.
We are rna k "i. ng u npr~~ cend{:~ n LGd s tridP!> on all fronts and we have good reason Lo expect i·.hi.s progr'E!SS to continue. For those who might be confused by the tni.sguid0d ravi .ngs of the Opposition, Mr . Speaker, do not just rely on my statements. Verify them yourselves, as I say to the medi.a, wi th Statistics Canada, the Economic Council of Canada, the Investment Dealers Association of Canada, the L3829 July 4-, 19!38 Vol XL Newfoundland and Labrador Econorn:lc Council.
Better still, ask those invoJ.ved in our toud .srn industry, :in our tr·ansportat:i.on industry, in our construction industry, in our Forestry, mining and the fishery. Th"i.s Province is undergoing an economic revival, Mth. Speaker, the strengths of which can pr:H'haps most accurately bE! mE:'asured by the shr·~i.l.J.nc,~ss of the Oppos.iL i.on. Thank you. SOM E liON . MEMB ERS: Hear, hear! MR. WELLS : Mih . Sp~'akc.;!r. MR. SPEAKER: The hon. the Leader of l~he Oppos i. t.:ion . SOME HON . MEMBERS : Hear, hear! 'MR. WELLS: Mr. Speaker, t)Je have just witnessed a classic manifestation of a government on the run.
MR. TULK : Rtght on . SOME HON. MEMBERS : Hear. ~war! MR. Wf::LI_S ; They have got to stand in the i·lot~se and subs-1:-i.L:ute announcC'!fTll'~nts and ministerial statements on govet'rllnenl : policy and For t:hat they have got to substitute criti.cism of the Opposition. SOME HON. MEMBERS : Hear, hear! MR. WELLS: And Lhey have got to put resolutions that criticize No. 67 down thE! R3H29
Oppos:i tion, a dc::~speratol.~ on lhf:~ the:iln hE!E:~ls. government i~un, l:i'1king l:o SOMf HON. ME"MHERS: Hear, hear . MR. WELLS: Mr. Speaker, the Premier can take these figures and try and twist them into anything he wants to, but what he cannot do is avoid the bottom line. Let him make these statements to the 18,000 people who have been driven out of this Province i.n the last three year·s to earn a living. SOME HON. MEMBERS : Hear, hear! MR.
WELLS: Tell that to those people' Tell it to the 5,600 people by which our population is decreased, actually decreased, never before since Confederation has our poplJl.al:ton ctecrea~;od 'i.n an~ yectr over year. We are now in the Four·th s l·:ra.ight year i.n a Y'OI~I or reduction of popu lation, tell that to those people, Mr . Speaker. Tell i.t t:o the ad<HI :.i.onal. 20,000 people on unemployment rolls, in re c ei .pi: of u nc::~rnp l.o yme ni: i. n s u ran c e, tell it to those people. Tell it to the 30,000 people who have been added to our list ·of those living be lotAI the pov e:~rty l.i ne.
Te l.l it to those people and see if they believe you. SOME HON. MEMBERS: Hear, hear! MR. WELlS: See if they believe that nonsense! Now, le t us take a look at the 1 Hal.cyon Days 1 of the last Libe:~ral administration to which the Premier rE=!fE!r'S. L<,~ L I.IS take a 1 .. 3 8 30 July 4, 1988 Vol XL look at those 1 Halcyon Days 1 when UH ~ unelflpl.oyrnl'::'nt rate IJJas a 1ittle over 6 per cent, 2.3 per cent h -i. g her· 1:. h a n Uw nat tonal a v E! rage . Today, Mr. Speaker, it is 11. percentag e:! po ·i.n·l:.s higher than l::hE• national average! SOME HON. MEMBERS : Hear, hear! MR.
WELLS: Now let us take a J.ook at thoSE! 1 Halcyon Days. 1 Our· population was increasing, steadiJ.y increasing . The n urn be r tJJo r k t n g were increasing. The number out of jobs tJJas much lower. The whole truth is th(~re . Look at IAlil.l see Speaker. the bottom linE!S and the whole truth, SOME HON . MEMBERS: Hear, h~:!ar·! MR. ~ELLS : you Mr. That is what produced the jobs, Mr. Spe~ker. SOMF.: liON . MF.MBERS : Oh, oh! MR. WELLS: Mr .
Speaker, ther·e ar·l'::~ tens of thousands of people in this Prov '"i.nce today tJJho are crying for a return to those days and they are going to get it after the next election! SOME HON. MEMBERS: Hear, hE!ar! MR. WELLS: Maybe t.he members oppos:Lt :~". do not likE! it but, Mr. Speaker, :it is a cl.( ,~ar measure of t:he policy bankruptcy of this govE!rnmE:~nt that they can br·i .ng noi:h i.ng mor·e befor·e this LegislaturE! than a politicaJ. criticism of i:he Opposition! No . 67 R3830
Mr. Speaker, :l t is time tAJe go~~- ri .d of the government and let us take th e first poss"ibJ.r:' oppor-tunity to do so. SOM E HON. MEMBERS: Hear, hear! MR . FENWICK : Mr . Speak!i:1r. MR . SPEAKER: The han. the member for Menihek . MR. fENWICK: Thank you, Mt". Speaker . Mr'. Spec~ker', the problems about migration and unemployment are not new. These pr·oblems have been w:i.'t h us s :i. n c e abou t 1 8 3 0, qui.
I; e fr ank ] y, and ex ce pt for I thin k the Firs ·t and Second World War!>, we neve r had a pe riod of full em pl oym ent or a period of an y ti me wh en we hav e no t had relief or social assistance in significant numbers . Listening to the Premier and the Leader of the Opposition looking at the same figures, allegedly, and trying to say that one indicates a great economy and the other indicates a terrible economy, re!minds me of people in a roller coaster who are going up and dou.m on a roller coaste!r in whi ch one is sayi.ng, look, how - PREMIER PECKFORD : On a point of order, Mr. Speaker . MR .
SPE11KF.R: Ot nder, please! (l po-int of ordE!r, thP. hon . l:hP. PtnE~miE~r . PRFMIFR PECKFORD: rJJ r . s p e a k E1 r , i. f 1:: h e Men i he I< ( M 1n . Fe nwi c
k) bE! accurate, go-Lng L3 8 31 July 4, 1988 tnE1mber for is going to to givE ~ a VoJ XL reasoned respons e t o the statement, Mr . Speaker, welJ. thE!I"I, hr:1 should quotr:~ me correctly . I did not say, we had a gr ·eat economy in Newfoundland, as the member is trying to indicate I said. MR. SPEAKER : To that point of order , there is no point of order. The han. the member for Menihel< . MR . FFNWJCl<: Mr . Speaker, in th at case, w e 1 jus t hea r-d thE! stand cor-r-ect<~H~ .
Premier of the do no 1-. hr.w e a this Province.' ProvinCE! say, 'we ·· gr eat economy in If that :i.s t..uhat he lAiani ::> t:o say, fine. wfdl, l:hat is The point I was trying to mak e, Mr. Spe<:tk( ~r, .i.s Hl"i.s: The E:'Conomy that we have now is a resource -based E'COI'lOIItiJ in tAJhi ch the price of fish, the price of iron ore and the pri ce of paper and thE! demand for those~ products pr·et.ty t..r..Jel1 deter-rn:ine t..r..Jhat t..r..Je get . Last year we had the price of fi sh almost doubJ.e.
We had the newsprint industry going fuJ.l out for a full tt,r..Jelve month s and the sam e thi ng wi th the iron or e industr y. Und er thos e circums ta nces . Mr . Speaker , we ar e ai: the l:op of lAJh at :ever' cycl e IAJ e can e xpect, but that cy cle stil 1 has 17 .5 per ce nt cts the rea l unempJ.oyrnen t: ratE! . The problem, Mr . Speaker' , is not tha+ ·. t..r..Je shouJ.d bl.a .me (~i'l c h other that we are doing such a great job in terms of Lhe fis cal and monetary levers in ord er to s !: i.rnul.ate our' E:~conorny, UH '~ probl.
E!m is W E:' should lo ok at our' economy and say it is stru ctured in such a No . 67 R383 1
IAJa y t. hat t•Jh en Central Canada, somE!body snHezes i.n we get pneumonia. The fact of the matter is, when thc~~Y stop building car·s, people in my dis l·:r i.e 'I: stop tni .n:i.ng ir·on ore . Whc.:.n peep] e in t.he United States s 1: o p eating f :i. s h .:t 1·. Fa s 1-. food out] ets, IAJE~ stop catching and stop mar·keU.ng fish, and IAJhen there i.s a recession in the United States i.n t.uhi.ch less papE:~r -i.s consutTIE!d, then our paper mills also go down.
The problem with our economy is it is badly structured to weather the vicissitudes of international circumstances and what we neE!d is to change the shape of our economy. This government. has done all it could to try and s tirnulate it and we have gotten nowhere with it. This Opposition on the other side would do virl:ually the sarne t.hing because it has already said that :it is go -i.ny to continue on t.uith the kinds of policies which will increase the advantages of businesses and so on. Mr.
Speaker, until we can r e p a t-. r i. a h:~ o u r (:~ c o nom y , 1 ~ n L .i. l t~IC,~ can get control of it ourselves, unti .l 1.ue can dir·ec L ~he IJ.Jay i 1: i.s on a broad base.:., we are never going to geL away from this roller coasb~r E~conomy we have now. Whether the Premier says things arE:! getting better·, or· thE! Leader of the Oppos:i.tion (Mr. Well.
s) says thE!Y are getting worsE', the fact of the mal".:tE!r' is, neither of them have any particularly grE!at answer to diversifying and broadEHdng the economy. MR. SIMMS: Mr. Speaker . MR. SPEAKER: The hon. the President of the L3B3 2 J u 1 y tJ. , 1. 9 a a lJol XI _ Council . MR. SIMMS: Mr·. Speclker', T. hettH:' a V(~r·y br· .. i.ef statement to make.
I wish to for·mall.y adtJiSE! the House ·1-.hEtt negotiations respecting a collective agreement between the Newfoundland and Labrador Nurses un·i.on and Tr·eaSIIry Soard c:tnd the Newfoundland Hospital and Nursing Horne Associc:tti .on IAH"r(:' sucu:!ssfuJ.l.y concluded over the weekend - SOME HON . MEMBERS; Hear, hear! MR. SIMMS: - on Friday, to be specific. I am therefore very pleased to announce that we have reached a tentative agreement. The agref:~tnent reflects the I:H•st possible settlement of all the issuE!S and I t.uanL t.o compliment all the partiE!S to thE• negotiations For their determined efforts .
The details of thE! agrE!ernent, as rrterrtbF.!Y'S IAJOitJ.d UI'H:I<"!rSi.:t:'l!'ld, of course, Mr. SpeakE!r, cannot be r e l r,) a :; E! d u n L: ·i. l 1·. h E! rn "'~ rn b <,~ r' s hi p of the union have been properly b r· i. e f e d . T h e u rd. o n (,~ x E! c u t i v E! tAd. 1 1. be recommending acceptancE• of l::he agrE:'etnent i:o its rrtf:Hnbers and we will be holding meetings over thE! next Few days to prepare for a ratification vote. SOME HON . MEMBERS: Hear, hE~ar! MR. TU l. K: Mr. Speaker . MR. SPEAKER: ThE! hon--:--fhe member for Fogo . MR. TUI K: Mr. Speaker, sincE! it IAJas only a No . () 7 R3832
very brief statement. I suppose H1e mi.ni.s l:E!r di.d not fE:~el obligated to give anybody a copy of :i 1-:. • B u t I do want to s a y t h a 1: we on this side arE! happy to seE! the negot.i.ations have concluded successfully with the nurses and we are happy to see that those people are perhaps somewhat happier in their· jobs, although I suspect some:~ of them arE! probably going to be laid off this year due to shortages in thE! hospitals and so on t.~.d.J.l not be happy t.1.1i.th many of their working conditions. PREMIER PECKFORD: (Inaudible) close her down . MR. TUI .. K: What is wrong with today. Mr .
Speaker? be 1.1p abo11-l:. somE!thi.ng . the Premier He seems to Mr. Spe<'lke:~r. 1 suspec l thal: irlHny of them are fairly unhappy about l h t~d. r· wo r· k ·L n g. con d i. t i. on s , b u 1: t hi. s is probably the best that they could get .. Ne ver t he less. Mr . Sp ea ker, tAle are happy to see that under the present Pre si dent of Treasury Board, in hi s attempt to get the labo ur peo ple back on the government side for the next election, tha t he is moving al on g very smoothly .
But we can assure him those people will be reminded. and we will keep r·em:i.nding them, 1.-lnd 1.1.Je tAJill walch the details of any agrE:~emE!nts to s E! e t h a t. , i. n fa c t , t. h r,~ y d o ~; er· \J e:~ the labour people :in this Province. SOMF.: liON. MEMB~~f~S : Hea1n, hE!aln! MR. FENWICK: Mr . Speclker' . MR . SPf' :AKE:I~ : 1.3833 July 4-, 1988 Vol XL. The hon. the member for Menihek. MR. FENWICK: Mr.
Spe:~aker, the ~~ fac 1·. t.ue h<:'\VE! concluded a settlE:~mE!nt, or at least we have concluded a tentative agreement with the nurses' union indicates, I think, the absolute urgency for the Minister of Labour to bring in the recommendations of the committee looking at the Publ.oi.c ServiCE! Collective Bargaining Act undE!r which these negotiations were conducted.
T.l -Ls Fortunah' L~o.Je got a satisfac tory agre ement without any ki .nd of job acti.on be i.ng required becau se, as the Pr esident of Tr ·ec1:> 11ry floar·d •::tnd i:he Mini .ste r of Labour know , wi th the Bill S9 amend ment :; :J.n place , IAJe are i.n a posi ti on where our coll ective bi3r \_3i'l·Ln ·i.ng l.egi.s l.ati .on in the public sector is, qu ite frankly, unwork abl e by Lhe Premier 's own words .
On that basis I hope thE:' Min~istE!r o-f Labour t.~.rill bring in those changes as quickly as possible so we can get things back to a normal relationship between the employer and the public service unions. Oral Questions MR. W . CARTER : Mr'. Spc~1akc->.r. .~IL___2f E fl..iS .. ~.R : The hon . Tt,Ji. J. J. : i. n y .:, h:' . MR . W . CARTER : r"' t' . S p e i'\ k E! t' , normally go l::i si 'H:~r,·i.e~; (Mr . not herE! and the member For' In)/ qUC:' ~; l:.-.ion l~IOUJ.d to the Minister of R"i.deottt), bu 1: ho ·is I do no t know if Hw r <=' ·i. !; c:u1 .::~ c-U. n g trl"i . n t s l.t~! r· , s o No. 67 R3833
mayl·H:! l:he Pr·om-ier hi.mself could take this question. I am sur·pr-Ls€:~d t.hc-:~ mini.s t(:~r 'i.s not. hE!Y'(,~ in light of the crisis that we have today i.n the $70 million caplin industry in the Province. M r· . S p o a k to' r , my q 1.1 €:~ ~> '1: -·i. o n "i. s 1·.: o t h e Premier then. On Thursday the rni.n·t!d.:E!r, :i.n r·t~ply to rny qtiC:'St i.on about the caplin fisher·y and the po~;si.bil.i.i·.y of a rwt~J f-i.shC:H'Y to accommodate additional markets that.: app(:~iH' irnmi .nent, the rrd.ni .s tE!r stated that the caplin fishery would bE! closr:1d ~t the 32, SOO metric ton catch level.
In other tA.Jords once tA.J(,~ att.cli.ned l~hat lr:~vel. of catch to accommodate the Japanest~ markE!t, ti'H:Hl the fishC:H'Y would be closed but it would be reopened, and I belieVE! he said almost immediately, certainly 1..1Jithin hours, to accommodate a market that was available in Taiwan and Japan. PREMIER . PECKFORD: A point of order, Mr. Speaker . MR. SPEAKER: The hon . the Premier . PREMIFR PFCKFORD: Are we in Question Period, Mr. Sp(:'akr:~r?
If we arr:~, I think it would bE! 'Jr~.~y dppr·opr·i.'lt8 For· i·.he han. membeJ" fo1·· TtA.Jillingate to pose a qt.S<-?.st'i.on . ll:le tAJOttl.d like to bt1 int.E:'J"r·ogat~~d but IA.J(,~ cannot be iF questions are not asked. MR. SPEAKFR : That point is well taken . MR. W. CARTER: Mr. Speaker, my question concerns - MR. SPI:AKER: Order·, pleas(,~ 1 fhe hon. me:~mber· i.s C(:1rtainl.y entitled to a
preamble but he was beginning to make a speech. 1.3834- July 4, 1988 Vol XL The han. !:.he rnE:!JrJbE!r for· Twillingate . MR. W. CARTER ; My q1.1es t:i.on conCE!r'n~; ~ $70 1rd.ll.i.on industry that affects a lot of people. My question to the Premier : In light of Lhe rn:i. n ·i. s 1: 1:! r· ' !> .:~ n no 11 n c e 111~~ n -1: on Thursday that there would be a new caplln fishery, now lhat the Japanese quota has been caught, Uln Ul<'~ Pt 'E!ln :i.e:'r tell . i:hE! Hou se when we can expect an announcement t·: o i: hat e f f e c 1·.? MR. SPEAKER : The han . the Premier . PREMIER PECKFORD: Shortly, Mr. Speaker. MR.
W. CARTER: A supplementary, Mr. Speaker. MR. SPEAKER : A supplementary . MR. W. CARTER: Mr. Speab:~r, I r'(:Hn"i.nd HH:! Prem'.i.er· that the minister made the same s'l:clti'::Hfl('!n1: on Thur·sdr.\y. My supplementary question to the Pr·E:~mJer·: In l.ighL of l·:hl~ fi."'ct th<:-\t the Japanese quota has now been ouerf·ished by approximately 4000 tons, and in view of the fact that the J~panese haue now wired the Fish Trades Association in 1\let)Jfottndland l:.hr'E!ai:.en ·i.ng to MR. SPEAKER : Ordt~r, pl(,'i'lS(:1! Would the han. member p1 ease posE· thE! q u e s t :i. o n ? MR. W.
CARTER: My question to light of the the Premier: Fact that Japanese quota has overfished, the amount agreed has been surpassed and they In the been upon are No. 67 R3834
no1JJ as!dng i·.o h;:we l:he ptn.i.ce r·enegotiated, can the Premier tell the House whRI~ Jrteaslii"I:'S will. be taken by his governmE:~nt to ensure thai: the Jdpi:'lnesE:~ do not. rc~~nE!9(;~ on the price agr·eE!d to because of this overrun, to protect the Newfoundland caplin fishery? MR . SPEAKER: The hon. the Premier. PREMIER PECKFORD: Everything possible, Mr. Speaker . MR . W. CARTER: A supplementary, Mr. Speaker . MR. SPEAKER: A final supplementary. MR . W. CARTf.R : Min. SpE:~aker. I am afraid the an SIAIE! r· b 1J 1-. hE!
P r' (~'tni ~~ r· IAJ·i.J.l not: be,~ satisfactory to the hundreds of 1\Jeto~.Jf ou nd l..:'lnd fish e r'HH:~ n IAJho i'H' e au.Jcl:i.ting a decision. SOME NON. MEMBERS : H~~i:H'. h~::~ar! MR. W. CAlHER : Mr. Speaker. my final supplementary to the Premier: In view of the fact that many hundreds of N('!Wfoundlt'lnd fisher·rn(-;!11 are waiting for word from the department - MR. SPEAKER : Order, pleaS('!! Would the hon. member pleaSE! pose his final supplementary? MR. W. CARTER: Mr. Speaker, thi .s T:; a tJrd'Y in1port.ant matter and I tJJould hope t.hi:'lt th(~~ HolJ!>e tAli 11 bE:~c?lr' IJJJi.:h Hie. Mr.
SpeakE!In, to~.J011l.d und~::~r·takE:~. thE!n, to rn i. n i. s L e r· • IAJ h (:~ r· t:~ tJ (~ r· h e I 3B3S July 4, 1988 1:h(,~ PrernJ.er instruct his :i. !; • l:.o i:.•'l k E! Vol XL whatever steps are necessary to ensure that the caplin fishery tAr-L l. l. r· I::! o fH:Hl a ~' prom i s E:~ d ;:~ n d i:. h a t Newfoundland fishermen will be able to gel back at the caplin Fishery? PREMIER PECKFORD: Mr. Speaker . MR. SPEAKER: The hon. the Premier . PREMIER PECKFORD : Mr. Speaker, as I have said, I will do everything possible. MR . FUREY : Mr. Spl':~ak(-'!r. MR . SPEAKER: rhe hon . Uw rnernber for· St . Bar· be .
MR. FUR[Y : Mr. Speaker·. my question is to thE' PrE:!tnJer· i;l!> IAJe"IJ .. U:1st ynar the Prnemit:~r gave a commj. tment to the H o u s r:~ I).J h e n h f~ p r· c.Hn ·i. s E'! d t o t a b l e q uar·terly reports wi ·t h respect Lo the $ll.O,OOO a yee1r salary pi'ti.d to Mr. PE:~ter Lougheed. Would thE~ Prl':~l(ti.er· tel.J. 11s t.~Jhy he has not tabled thE!Se quartE!rly reports? Wi.J.l. the Premier· und(:H'take t:o do that now? PREMIER PECKFORD : Mr. Speaker . MR. SPEAKER: The hon . th-e PrerniE!r . PREMIER PECKFORD : We will do it soon, Mr . Speaker. MR. FUREY: Mr .
SpE:'i.-lkE!Y'. ~1R . ~3PFAKFR: A supplE:~mE:~ntar·y, thE:' hon. the rfl(o'tnbt:~ln For· ~H .. Bar·bp . Mf~ . FUf~EY: No. 67 R3835
Mr. SpE:~aker, UH~ la1..u f·irm of Mr. Lougheed received well over $400,000 fr·om the 1986-198'7 budget last year. Mr. Speaker, I ask the Pr·emiE:!r was nny mor·e rnonE:~Y pn-Ld under this year's budget to B c~Hm E:~ t. 1: J o 1'10 !> , thE:~ 1 aw f .i r·m ,....., ~li. c h Mr. Lougheed is a partner· in? If so, hot..u much t.uCl.:> pdi.d out of Lhis year's budget? Was it anywhere near the $400,000 paid last year? MR. SPEAKF.R: ThE! hort . the Pt"mrtiE:H' . PRfMJfR PECKFORD: [do not knot1.J, Mr·. Spe,'lkr:~r. T 1..uill find out . MR . FUREY : A final supplementary, Mr. Speaker.
The hon . l:hE:~ tnE:~rnber for Port.: de Grave. MR. EFFORD: Mr. SpeakE:~t", my qu(,~st:Jon is to thE! MinistE!r of Health (Dr . Collins), e~nd it is a follow-up, Mr. Speaker, of the question I had C~sked him seuersl weeks ago concerning the deplorable sH :ual~i.on ,;d : Lhe rJ!:i.l.l er Cenl·:r-e. I ask thE! Minister of Health, g:ivEHl t h e r "' c I~ 1". h "' 1.: h 1:.~ d i. d 11 n cl e r t "~ I< e t o have h:is officials invesU.gat.(~' thl;• (; :i. Lt.
I"' i: i on cl ctAJI1 the r· e , co u l. d he tell the House if that was done <'lnd tAJhdl: iF any reporl.: tJJa:; br·ought back to him concerning the dE:~plordblE:~ :;i .tuat::ion, the uncleanliness of the Miller Centre? MR. SPEAKER : MR. SPEAKER : The hon. the M.intst.E:H' of HE:~alth . A final supplementary . MR. FUREY: I ask the Prem1er is there any systetn tn pl.ace t.o show full accountability, to fully account for expendittJrE! of this public money in salary to Mr. Lougheed and in legal services expE!nSE!S to Mr. Lougheed's latAJ fir·m for the ldst two years?
Is there any system in place so that the people CC\rl s e e h 01.u y o t.t <H' e=~ p u b l i. c J. y spending their money so as to j ttdge IAJhethE!r or no+ : thHy f:"lr'e getti11g th~~ proper value for Hte expendi.l· ·.t.tr'f:' of thr;1.l:: rnonf:~y. Mr·. SpE!d I< etn? MR . SPFAKfR: The-~ hon. thE:~ PrE!tni.E!r . PREMIER PECKFORO : Mr. Speaker, -- unlj ke the hon . rnE!ltlber' s l,e,'\dE!r, the-?. <.HlSIAJE:~r ts yr.:!s. MR. EFFORD : Mr . Speaker . MR . SPEAKER : 1.3836 JuJ.y 4, 1988 Uol XL DR. COLLINS : Mr·. Speaker·, UH~ mal:.'trdr has bE!en gone into in some detail and I will have the information shortly. MR.
EFFORD: Mr . Speaker . MR . SPEAKER: A stJppl.ernentc.~ry, t.hE! hon thE! member for Port de Grave . MR. FURFY : John , l hI" y clt' e 1 aug hi . n g '" t i. t . MR. FFFORD : WhilE:~ thE:~ MinislE:'I' ' of f n te r•g 0 lJ E! t' rllnE! n l'".r::ll. at the question I (lfft:l ·i r·s laugh s tE!J.] you peopl E· .:-1i:: thE:~ M ·iJl.c,~r· C(!nl· .t"C"! i.·\r'E! no t laughing. MR. DAWE : I IAJas l.c11.1ghing dt UH:' tnernbE?.r', not the question. MR. EFFORD : I ask is thE! Minister of Health atJJi'.lre that some thirty -five No. 67 R3836
pal ::i.enl:s, JflE!n C\nd IAJOHwn, on i:hE:' t-hit"d floor at"~~ using onE! lAJ<:~shr·oom facility? f.s l·.he:~ Minister of Health aware of the c o n d i. ti. o n s l:: 11 "' i: t h e y t''lr' e:~ p J. cl c t~ d under·? MR. RAIRD : How would the minister be aware of that? MR. SPEAKER : The han. the Mtnister of He:~al th. DR. COLLINS: Mr. Speaker, if the hon. member has a part.:icul.ar problem of that nature, I would think it is something to be looked into by some official in the department somewhere.
It "is not a mattE:~r t:hat wotJld be nor·mally brought to UH:~ tn:i.nist.<,~r 1 s i.·lth:~ntion, but i.f he wants to give me a note on it, r. IAJi .l.J. cert.:t'l·i.nl.y Lr·y i:o get ~>orne i n for· mat i on . H e c o IJ 1 d s end a not e to l.: h e d C::' p d r i: rn e n t: d n d r. d m s 11 r· e the officials, who are very co 11 r t. eo us , IAJO 11 J. cl s 1.1 p pl. y h J rn IAJ.i. L h :infor·rnation. Rut if he:~ IAJants to send we a note I IAJoul.c:l send i.t on fOI" him . MR. EFFOlW: A final supplementary, Mr. Speaker. MR. SPFAKER: A final supplementary, the hon . the member for Port de Graue. MR.
EFFORD : I guess, Mr . Spt~al<(;'r, this is why everybody in this Province considers h(:~aJ.th a joke, because'! that is what the minister is doing . MR. SPEAKER : Order, please! A final. suppl.errwni::dr'y . MR. Er'FORO: Yes, Mr. Speaker . 1 .. 3 a :3 7 J11J.y 1~, '19HB lJ o l. X I. T r.l s k .i. :> l: he i.IJ·i n :i ~> i e r· of H ~~ d l t h not concerned? It is under his d E! par· i: rn E! n t t. hE! :> e n 'i. or c ·i t: ·i. z lo! n s division comes I assume. He is not t on c t::! r· ned 1.11i i: h t: he p eo p 1 E:~ at the Hayles Horne and Escasoni.
Is he not concerned about the conditions that those patients at the Miller Centre are living under, the fact that thi rty-five peo ple have to line up in the morning to use one wash ro om facility? Not onl y is it degrading, it is als o unclean and un~walthy. Will l:he minister not instruct his department to investigate this - situ~tion and have it rectified so that thE!se people have not got to liue under these dirty conditions? MR. BAIRD : He will prove you wrong if he chE:'cks Jt·: o11l. MR. EFFORO: It is not wrong! MR. SPEAKER: The hon. the M:i.n·i.~>h~r of HeCl1th . DR. COLLINS: Mr.
Sp(:~ak~;:~r. 1: RltAJ<:·lys chE~ck oul: what the han. mE!mber asks mE:! . I miJSt sRy to dal:e, anyt.i.rn<,~ I chc~ck these things out I have found things to be almost totally the reverse of what he states in this House. But I will continue to check the things out becauSE! somE• day he may stumble on s real problem and I would not J.ike not to respond to it. MR. SPEAKER: The hon. the rn~mtbE!r' for· ME!nihl,~k . MR. FENWICK: My qii(:~S l::.i.on, Mr ·. Spedi<E!r', 'is For· the Minister of Health. It has to do with a situation with 1\Jo . 6 7 R3B37
regard to Robert Pitcher, a constituent whose situation I brought to the attention of the MinishH' of HC::~nlth a '"'htlE! back, and to attention of the the previous Minister of He~lth (Dr. Twomey). It concerns an indiuidUi:\l 1~.1ho op€~rRtec:l ~ dr·ug store in Winterton for a period of Lime I cHld l.•.kl$ For C!~d Oil t of business, he alleges, by actions of the doctor tn the particulctr JocrxUon. Jn r~~cent weeks we hi:we fo1tnd l:hal ~ there arc ,~ ~t l.er'\sl-. two addHionaJ. drug stotnE:~S which hr.J.ve Rl.~;o bl~r~n forced 011l: of businc,~ss. MR. SPF.AKF.R : Order·, plE:~ase! MR.
FENWICK: My q u (:~ s L: i. on t. o t: he mi rri s t C! r· i_ s this: Since repeated requests to Uw Me::~d-i.cal Boc1rd haue not brought any kind of a satisfactory solution to this individual 1 s problem and the problems of the other drug store owners on that shore, has the minister taken any actions, si.nce t.ue notified him t.wo wee::~ks ago about the problem, t.uith respect to the Medical. Board to ensure that they will look at this problem and see that justice ts done->. in this par·ticular situation? MR. SPF.:(.)I<f:R : The hon. t.he Mi .nis l:.c,~r· of Hc,~.:·lli:h . 0 R. COI.I_II\IS : Mt".
Spt~a k er, t hE:H'E:! :is no "i.ndJ.cal:ion Hli:li-: j1tsi:ic~::~ hi'\S nol: b e e n d o 1'1 e . T h e r· e :i s a c o n f 1 i c t of ord.ni .on:; dnd i.l.: IAias bro11ghi: 'l:o tny attention a number of times. I h a IJ E! 11.1 t" i. i:: 1:: C"! n 1:: o 1.: he ME! d -L c d 1 B oct r· d , becalJSe :it is :in their arE:'a, to l:. r· y t o r r::~ s o 1. u e . T h a v e 1"' r· i. t I~ e n i o them a number of times and they a r (~ t r· yin g 1: o res p on cl 1: o b o t h sides, but I do not think that e::~it.hE!r si.de to dat .e has bo(~n L3 838 July 4, 1988 Vol XL satisfied with the Medic a 1 Board ' s responses.
But I strongly suspect that no mattE!r how many responSE!S go out both sides will not be mutually satisfied. MR. FENWICK : A supplementary, Mr. Spoaker . MR. SP£11KER: A supplementary, the hon . thE! rnernbr::~r for· M(!n i.hc,, k. MR. FENWtCK : Mr. Speaker, I have also ~;E!nt cornpJ.ai.nl ·!; l:o l.he Medi .ci'\1. f.lo<H'd for this individual, and I have~ now r· E! c E:' i. IJ e d i'\ r· (;! pl. y f nHn t: hE! · Medical Boar·d saying that th.::~y an' not i.nvesttgat-Lng Further . MR. SPEAKER: Order·, pl€~RS(,~! MR.
FENWICK : Since the Medical Board has now indicated t.hat it considers the case closed, yet they have not investigated nearly half of the evidence which exists out there, w"i.l1 the min ·i.ster assurE~ us that t.ue will direct the ME!dical Board to reopen the invostigation, examine the situation, and cornE! to sorne sort of reconcili.atton, or at least attempt to Find '"'hE!ti'Hc!r or not Lhe rlocl.:or involved is violaU ng the standar·d · code of eHl'i.v; :i.n the actions thc::tl:: he is pursuing? MR. SPEAKER : nu,~ h o n . U1 e M i rl'i . :; 1: P r o f 1-1 c,~ a l. t. h . DR. COLLII\JS: Mr.
Speaker, I certaj_nly will c he c k r:1 n c:l s f::~ r:~ i. f 1-: h f::~ M ('! 1 I i c al Boar· d thinks the case is cJosed, but I do rej f::~c-1-. Mllf l:ho11ght L:hctt they have not looked at the evidence . T h <.W C:~ q u-i. t. C:~ d corTespondence t l·li. :; lrld t t: e r· ' c:.t No. 67 number of pieces of in my offiCE! on rn a 1:: t. t;! r· b !::' 1:: '"' t-:~ E! n t: ,.._, o R3838
i.ndi.vi.du<:~l.s, and T do nor~ kno1~1 l'WPn if it is Cl pr·oper matter to b E:~ b r· o 1 1 9 h L 1.1 p h 1:~ r· e ·i n 1.: h I'! H o 1 1 ~; e o F A!;~;emb1y . It is ~l rnc-.lt:tE!I" of d i. F f E:~ r' l:! n c e o F o p i. n i. o n , o F a complaint bl"ought by one i. n d i. u i. d 11 a l. a g a i. n ~; r·: Uw o t h e r· ·'~ n d lhP- other, one~ denying t.hat cou1pla-Lnl: . l am sur·e i.t goe~; on all thE:~ time ln the communi t.y, in I .. hE! tA.Iorld for t:.ha 1·: ma tl.E•r'.
But I will. c hE:' c k 1: o s e t::~ i. f t. hE:~ case is cloSE!d, but I do reject any thought that. t.hc~ Medical BoiH'd has not given a very large amount of attention to this matter between two individuals. MR. FENWICK: A supplementary, Mr . Speaker. MR. SPFAKER: ~ final supplernentctry . MR. FF.NWICK: My final question: Would the mi n i . s !:<:~ r pl. e"' s E! r:l o 1.: h .:1 1:. qui. c k l y? T have tal ked to t hl':! i.nue:,stigator W h 0 h d !3 d 0 n e 1: h t' 'i. 1'1
l) E! S U . 9 r'\ t i 0 1'1 f 0 t' t.he Medical. Boat"d and thE! i. n lJ (~ s 1: i. 9 i:l l: o r· haVE:' not informs me done the investigating necessr'lry. MR. SPfAKFR: Order, please! MR. FENWICK : (-. ha 1: UHc' y thorough I am posing my question now, Mr . Speak~;;H'. MR. SPEAKER : Order, please! The hon. member knows quite well t h a t "i n a f ·i. n a 1 s u p p 1 erne n t a r· y h r.:~ doE!S not makE• statements like he is dotng now, but h~;:~ asks a final suppleme:~ntary. The hon. the member for Menihek. I 38]9 July 4, 1988 Vol XI . MR.
FF.NWCCK: My final qul':~stion: Would thE:' Min'i.sl .tO!r' of H(:~dlLh plt'!i:'l~)(;! r:.J.ddr'r.:'SS that: p a 1n ·U. c u 1 a r q u e s ·U o n , s i n c E:' 1~1 E:' hi:\lJC·) infor·rrtC\I:.i.on th.'\i··. ·i.nd.icat:~~s that some of the:~ practices bEdng i. n d u l g e d i. n b y i: h e ·i. n d i. u -L d u a l doctor· on that Shore:~ may be life i:hr~~l'li:.en"i.ng? W:i.lJ. L:he:~ lrti.nistE!r' do that quickly, so that we can makE• SUI"(:~ thr ;\i·: ..-\l'lY of theSl"! pr·acti.CE!S are brought to a quick and speE!Cly C'! ncl? MR . SPEAKER: - ·- The hon. the MinistE!r of Health . DR. COLLINS: Mr.
Speaker, if the hon. member has i.nfor'rrtr'll~ion of that nature I would hope he would have giVE!n it: l:.o the:~ Mt::,di.cal. Boar·d, and 1 l~rn sure the Medical Board will act: responsibly in those regards. I am not saying that he shouJ.d not hi.rnsE:~J.F SE)Ild ,;,ny ·i.nFor·rnr.\ti.on hE! has to the Mt::,dical Boar·d becaust::- 1 +·.hi.nk hE' citiZE:~n has a responsibility as a to do th~t, but if he l.~k\ 1'1 1: !) 1-.: 0 !) 1::'1'1 d ('(1 (,~ r'\ C 0 p y l IAI 0 l.l l cl b E~ only too glad to receive it. MR. I USH: Mr. Speaker. MR. SPEAI<FR: Thco~ hon. !:hE:~ rrtE!rnbc,~r· For Bonav .ista North. MR.
LUSH: Mr·. Spt::~i.-lk(o~r·, i.n t.hC:' abS(o~nCE! of thE! MinistE:~r of Municipa1 Affair's (Mr. B r e t
t) t tAli 11 c:l-l r e c t the qu a s t i on to the Premier. Th e Pr em j er wi ll k now tha t on 3 1 0 c-t o be r 1 9 8 7 th e Fagan Commission of Enqu iry st.1bm i tte d i. ts f~ ~a s i b i li ty report, the report prepared con cern ing th e mat ter of a r• e v i.~f:'! d tnand ate for the St . John • s Me tropol it an Board and r-:. :!1.a ted mc ~tt.e r':> . In vtEi w of this, since the report was subrn:Li:I ::E~d ~;orne l:'·ight . ntonlhs i'lgo · No. 67 R3839
noi;..J, I wonder can indicate what is the the Pr(:O!tn ··i.<:~r pr~~sent status of 1:-.h"i. s t'E!por· t? MR. SPEAKER : The hon . the Prem ier. PREMIER PECKFORD : It is being examined by the Cabinet, Mr. Speaker. MR. LUSH: A supplementary, Mr. Speaker . r~R. SPEAKFi~: A supp1E;ITIE~nt.ary, the hon. the rnc:nnber for· Bon< .wis l.:r.t 1\lor·i-h . r~R. I..USII : Ml". SpeakeJ'·, J ask the Pr·emier· i.:hdl: in v-i.ei;..J or l:he fe~ct l.:hi:ll ·.
J.t ha!; bE:HHI E:~ight months since the r t~ p o r' 1.: h d s b eo~ c,~ n i. n l h E:~ h "' n d :; o f t-he:~ Minis teo'r of Munj cipal Affairs, cr:tn t.:he ln"i.n"i.si~E!r l.ndi .Cr:ll·:c~ to Lhi.s House why the:' appa1nent unnecessary dr.:~ldy? MR . SPEAKER : The hon . the Premier . PREMIER PECKFORD : We do not thl.nk lt is an unnecessary delay, Mr . Speaker. MR. LUSH: A supple111entar·y, Mr·. Spf~akcO!r . MR. SPEAK~R: A final supplementary. MR. l. US~I: M r· .
S p ~~ r"·l k t:~ r· , d y i:l :i. n T d ~; k I: h ~) Premj er, in tJiew of the f r· 11 !> 1: r· d l i. on bE~ in g e:~ x p P t' ·i.e n c n cl by t.IH~ S t . J o h n 1 s M E:! t r o p o 1 -.i t a n R o a r d , nol-. knoJ;..J"i.ng J;..J~wl :hr:n· ·i.·l: ·i.s corning Ol" go jng, not knoJ.I.Ij _ng IAlhctt:. its f u t 1 J I" E:~ 'i. s go i. n g 1: o b t) , can '1-. h ~~ Premier indicate to lhis board, d n d i: o o t h c,~ t' c o n c E! r rH '! d c o 1 1 n c i. l !; i. n thE~ St.
John 1 s M.:,tropolit.an arc,~a, IAJhen !~.hey CcHl E:~XpE•Ct SOiriC:~ i'IC 1-:i .on L3840 JuJ.y 4-, 1988 Vol XL fr·om ti'w gov e rnrnPnt reg arding Uli. s . . ? cornm1ss1on. MR. SPEAKER: ThcO! hon. the PrE!mier . PREMIER PECKFORD: As soon as possible, Mr. Speaker . MR. GILBERT: Mr . Speaker·. MR. SPEAKER : ThE! hon. !:hE:) rm~rnber for· BuJ~geo - A r'l :J d 1 F. S p 0 ·i. t' . MR. GTLBERT : Thank you, Mr. Speaker . I hav~~ a question fo1~ thE! M:in :i.ster· o r T r· i:l n s p o t' 1:. i:l 1·. :i. o n ( 1'-1 r· . no y l. P ) .
Many times during the Winler we Cl.~>ked l.he:~ rn:i.n i!;I:Hr' qLJesl.:i.ons concerning the impending cJ.osN.1ut of t:he r·c-d.liAJr :~y clrH :I i·w a11Ali:~ys denied that there wer e nr.:~got.it-lt-Lons ongotng, but I.;..Jhe:~n he did he ta] ked about thE~ conCE!rns of l:hc co111muni t i.cO!s and thE! pc -?.ople who were gojng to be involved di .rectl.y "i.n l:he closeout of the railway, and alu.1ays sa:id that these quetions were going to be addressed adE~quatE!ly.
So I wondE~I~ l. s 1-:.hc~ nrini s bH' ·i. s dlAkH'f~ of any concerns or unrest being (:~XpPr'iEHlCPci by ~?.lllpl.oyE!f:~S IAlhO C:~re going to be affected by the C l. 0 S (;! 0 l.1 1:: () f 1-.: h (,~ Y' r:l i. l.iAli'l y i:l S {:: () (: h (:' package that is bej ng ofFE!red to i·.hprn ct:; sel:I~.J.e:~rnE!n'o-.: For· thf~ closeout? Is the ntin:i stE:H' al.l.l cH 'E• of ctny Prnplayces problE!rn~; J;..J:i t.h that.? MR. SPFAI<FR: Ti'w han . l:he Transport.c.d:::lon. MR. DOYI.E : . r~r· . S p E! r'l !< E! t' , '[ !·li.~ IH' pE~rs onally aware of 1: th:i.nk l·:hc~ lni:li ·:·I ..
E!t ' No. 67 hi'li.J:-i.ng c:;tny f"' "i. n ·i. s 1·: c.-:~ r· of no 1~. be en madE! any pi~oblE•rns . i.~; pi"oceE '!d:ing R3840
as i 1: sho 11l.d. Th<~rc has be en ~1 $7S milJ ion Labour Adju st ment P t:\ c k r:1 g e p tJ 1: 1 n p 1 c1 c e 1: o s a Li . $ f y the -t-er ms ar1d cond:i ti on s of thE:~ exi.s 1: i.ng t:oll.ec 1: i.l)l:'! agr· eer nen 1: o'tt'lcl' over and above that, Canadian 1\Jcil:i.ondl . hi:\:> rnc:tdE:~ Lht-) connrl'i .l:ure:~nt t hclt ·they rJJi 1 J negot:l.a te a no ·t her pr.u:kclc:Jt:' v.d th UH,~i.r· e1npl.oyet:!: >. T letke it that th~)Se negotiatjons <:1re:~ proct:~ecling on sche:~d1rl.e:~ .:1ncl l h1:1ve no r·(,!f.ISCHI t.o think Uli:lt thel"e are any concerns at this point, Mr. Speaker. MR.
GILBERT: A supplementary, Mr. Speaker. MR. SPEAKER : The han. t.he member for Burg eo Bay d 1 Espoi.r· . MR. GTLBERf: The minister is obviously not aware that there are 100 middle management people, not covered by Rny coll(>.ctive agrc~::~m(~nt, IAiho clre ver·y concerned regarding the offer thd 1·. hcis bE:~ en made t.o -l:he:~rn. MR. SPEAKER : Order, please! Wo•tl.d l:he hon. 111mnbe:~r· pJ.E:~i :lSf ) po:;e a question? M[~.
GILBERT: T:> l:hc'! llli.ni .:; lt:H' atJJdrE:~ of i.he:~ concerns baing expressed by the over 1.00 rni .ddl.e l'flt:Hl<:~gewen ·l- employees regarding the offer that hc:lV(:~ b~:!c,'n wade l:o l:ht:~rn for· d cJ oseout package? Is he awar·e of any conc(~rns? MR. DOYLE : Mr. Sp~>.aker· . MR . SPEAKER : The han. the Minister for Transpor·tat.i.on . Mf~. DOYLE : I 3841 July 4, 19BB Vol XI . Mr . Spet'lker, ~11. of th es E;! thin gs will undoub tedl y be the subject of negol :i.aU .on:> be'ttm ;!en CN 1?1nd thet r emplo ye es .
I take it that lhal IJJI)IIl_c:f pr •oceed r'\J.ong l~h ~ I')Or!Oml. route and any concerns the em p 1. o y e ,.~ s h a '' 0 llli ll. b e e x p r· e s s e d by their respective unions and ddd rE:~ :; :; <,'d. MR. GILBERT : A final supplementary . MR. SPEAKER: A final supplementary, the han. the rnembor For Burgeo - Bay d 1 Espoir. MR. GILBERT : These 100 people arE• not represent.E:~d by a urdon. Wi .ll thE! minister undertake to contact Tt:H'retTr·anspor ·t offlcii::tl.s to E!nsur'E! that these non-union employees receive a fclir and just settlement? Will he check to see? MR. SPEAKER : The hon . thE!
M-i. n i. s t: ,,. r· of Transportation . MR. DOYL.f: Well, Mr . Speaker, we would be tJ I:' r y t: on t: e r· I' I('! d i: h i~l I: t-: h <'! s P p eo pl. ('' receive a fair and just ~-~)tl:l.E.~rnent.. Rut i:ht::!n, .:-1gc1 ·i.n, t.hat wi 11 be negotiated out , I a rn s u ,~ E• , betiAIE:~c-:~n Ci\1 i:Hld t:h~):i.r· (~lnpl.oyE:!es. MR. BAKER: Mr. Speaker . MR. SPEAKER : The hon. Uw Jnmnbc-:~r· for· Gand('!r. MR . BAKER: A question for the Minister of Forest Resources (Mr. R . AyltJJar·d).
Th(:! 11r'i.n .l.si:er· knotAIS that. some years ago Bov.Jater· puJ.J.ed out of thr:dr Gl.entAJood OPl"'t'at.ton, and s:ince that time the NorthWE!St C a n d e r IAIO o d 1 :> r· o i:'l d h d ~; b e (~ n u s l'! d No . 67 R384-l
for l-1 Vcn· ·i.e1-.y of p11rpost::~s. RPcen tly I have hear·d that Kruger hds come to a deci.si .on to r·r:~movr:~ the steel bridge across the NorthlAJt:!St Ganck!r Riv(;!t'. I wondr:~r if the minister would express his opinion on this rnov~~ and indicate IJJhether this is in line with his envisioning of Uw pr·oper· use of that particular part of the country? MR. SPEAKF.R: ThP ~10n. the M'Lni.sb~r of For· C! !) t Resources. MR. R. AYlWARD : Mr . Speaker·, this beE:~n brow,3hl: i:o before . I w:i.lJ ad tJ i. s ~) rn I':~ n i.: d 11 d g e t cHI f:HISWel". MR . BAKER : M r· . Sped k l':n' . MR .
SPEJlKt:f~: A supplemt::~ntai"Y . MR. BAKER : matter has not 1r1y r.11:Le11L:i.on tab:! it under· l:hc-) ho11. rn<-:~ml:lr:~r· I wonder would the minister when he contacts Krug(:H' I point out. t.hi'lt the government has issued dozens of cabin permits for that particular road, and that 400 moose licences are issued there every Fall? Without that bridge none of the cabins will be accessible and the moose licences will be rll.most valueless. MR. SPEAKER: Thr:• hon . thE:' MinistE:~r of Forest i"?l:!SOI.Ir'CPS. Mr~. I~ . AYU,.JflRD: Mr .
Speaker, I take all of that 11nc:ler ddtJi:;(~menl·. <:lnd ~~JhE!n T •:Hfl t. f:t J k :i n g t. o I< l" u g e r I IJJi J 1 CE:! r t a ::i. n 1 y b r ·i. n g t h i. :; l. o 1': h lc~ ·i. t' d. t l·: e n i: i. o n . r'IR . RAKf':R : ,..,l". Speai<Pl" . 1_3Bl ~2 July IJ.I '1.9813 Vol. XI. MR. SPF:AKFR : A final supplementary, i::ht'! HlCc'ln~Wr for· Gandc,'r'. MR. BAKER : Mr. Speaker, it is going nE!W questi.on . MR. SPEAKER: Then I recognize the me 111 b C:' r f o r· E rl g 1 e R i. v ~~ r· . MR. HISCOCK : thE! ho n. to bE! a hon. the Mr.
Spea!nH' I Premier, in ihe r'l'i.ni .:;i·.E!r' j.s not hE!r'e. my quest Lon is to l'.:he view of thE! fact lhat of M 1 1 rl'i . c i_ p r.1 l A F fa 'i. r· s The cnrnrnun 'i.ty of Si ~ . l .. e1.~Ji .s , Labrador, was s chE:~dul~~d to 90.1t d I1!·)1J.J :;chool. l:>tl·i.l.l: l.hi.:; yr:hH'. l.<"t~;t. tlugust they changed thE! muni cipal pli:ln. Tn F~~brl l<'lF 'Y l·hE~y hdd meetings with officials in Goose R d y , .:1 n d M·:t y 1. ") 1.: h ~) y ~; C'! n I·~ -L n 1:: hE' application. PREMIER PfCKFORD: (Inaud-Lbl.e). MR.
HISCOCK: Yes I th~~y cl'li'll'l9E!d the totAJn plans . rhe cornrnuni ty has vob:!d on tJJh~:!re the school should be . The DE:~par·tment . of Muni.c tpal Affairs had difficulty in getting a commiss ionaire to go in and do the study, wh:l ch has noLJ.J bE!E!l'l po:;tponed until. August 9 1 whi.ch means a loss of time from the shor·l~ con:;tr'llct-.-Lon S(~i :lson. T see it as the responsibility of the D(:~p.:tr·UnE•ni ·: of Mltrd.ci .prll. Aff, ,d r··s. Wi 11 i:he Pr·ernier under·take:~ to •'lSSIIt'C:.~ l':h!·) COTflllllll'l:i .l·.y Of ~)1: :.
I_( ;!IAI ".LS that t\'ds IAiill be spE!eded up? 1\]lllllbC.t' I.:JMOI I~J'i. l J. l:h!::'Y i:\1~~0 tah' into account that the coiTifiiUni-Ly hr.1:; tJoi :ed IJ.ih~)r'C'' l·he ~;chuol. shoul.d go? We realize tha t the dt '!p;u·hnent : lvt ~> l:o foll.OIAI 1;-\IAJS dncl re~gulations, but thPr'c-:! ha s to bP No . 6 '7 R3B4.2
flexibility, given the short cons t r· u c t-. i_ on s e a s on i. n Labrador. Thank you, Mr. Speaker. MR. SPEAKFR: Tht! hon. thP Pr·ernier· . PREMIFR PFCKFORD: Ml'". Sper.lker, I lAri 1.1 look into it IAJi .l:h 1··. h~~ M -L ni. ~; LE~r· of M11 n·i. ci.pi-1 1. Affa:irs and the MJnister of 1\Jorth~~rn DE!IJ(:~l.optn:~nL (Mr·. ~~r.lrr·en). MR. TULK : Mr·, SpeakE:~,~ . MR. SPF.AKER: The hon. the member for Fogo . MR. TULK : Mr. Speaker, I have a question for l:hE:~ Prcc~mic·H' i.n l:he absE:H1CE:! of the M:i nister of Fisher] es.
It concerns the protection of our saJ.mon resource, in particular as l: h e y rtri. g r a t e i. n 1 a n d t h r· o u g h o u r· riVE!rs to spawn. Now . the PrE:'tnier is probably awctre thdt I have been getting support From the ProuinciRl Minister of fisheries and our· Federal Minister (Mr. Crosb·Le) in Otl.:o'll.lla r·egr:u·d·jng "1-.h ·i:; ntr- .. d·tt~r. l.ately it has come to my a-t:t.E!nl .·.:i.on, Fr·o111 lJw Sdl.111on A~sociatjon of Fastern l\le1AJfounc:IJ.,u1d, l:hr.1l: Rocky R"i.tJf:~r· near ColJnat. where there was a $1.:? rni .l.l:ion sdlflll)n ~::~nh.:lnr:f)fllenl ·: p r· o g I" a rn.
I b E·J.·.i eve • car-r l. E:~ d out • h ct s b 1;! c,~ n 9 "i. v E! n n o fH' o h~ c Li o n b y the fed ~H·al go v er·nrn(Hit . MR. SIMMONS : Read the resolution . MR. TULK: I know cop·i.t:!S of l.:l-w r~~solu+:.ion have also gone to the governmE!nt, l:o i:.hc:~ M.inis tc·H' of Fi.shc,,r· i~~s (Mr·. Siddon). and I believe to our federdl representative in Ottawa as lAH~ll. L.3 B 43 J t.ll. y lJ. • 1 9 a a Vol XI . I ask the Premier, therefore, has l:he go,;er·niTIPnt bt:!Pn "i.n touch IAJi.th the federal government, in p ~-r +:-i . c t.tl .~u· M r .
S i. d d o n • o n t h L s matter, and would he lJndertake to t a b 1. 0 cH I y 1; o r r e :.> p o n r.l '~ n c li! r e 9 t'l r d i. n g the protection of our sa lmon t' ·i_
I) l')t' S 7 MR. SPFAI<FR: Thr,1 hon. l.:hc:1 Pr·f:~lll.i.tH' . PREMI ER PECKFORD : I wilJ check with thE! M:inJster of F Lsher·:i .c,~s, Mr·. !3pc,~<:lb :!r . MR. TULK : n s 1.1 p p l. t~ m t~ n t. d r· y • M r . ~3 p e a. kt:H' . MR. SPEAKER: () s 1 J p p 1 e 1n en t. a r· y , Uw hon . thE! mt:'mbE!r for Fogo. MR. TULK: W~1'i.1e he is at i.t, would Lhe Premier also attempt to find out what: kind of log·ic Mr·. Siddon and the federal government use when on i·.hc-:~ on(:~ hdnd thPy p1Jt:.
IO""i.ll. i.ons of dollars into a Sellman E!nhanceJTIE'•nt progrc:Hn:; on our' r·ivors, yut fai.l to put the necessary protection, .i.n i:H/'111:; of s.:-1l.rnon gl.li:H'Chi.H1S. on dvc·>.r'S J.ike Rocky RiutH', IAJhjch I bl~l.·intJr::' i.n U1r-:' D ·i.~;lr-"i.ct oF ~:; ·1-.. Mar·y' s - The Capes, and otht:!ln Hk\jor· ~;i:\lmon r··i.tJer·:; <'H'Oiind L~Hc' Province? Would he undertake to :; e ~' 1~1 l·~t·ll: k i n cJ o f l. u g -i_ c L he minister is using?
Because it :;(,~(,'1"11:> l··.o nlf~, on l.:ho onu hdnd, he is speaking out of one side of his ulolli- ·.h .u1r:l, on the ot:h(:!r' hand. speaking out of the othE!r side of h·i.s IIIOIII ~h. I wonder would the Premier under·t.;,"kP t:o see whdt kind of logic the federal minister -~s using, if indeed he is usi.ng any? MR . SPEAKER: The hon. the PrmniE!r . No. 6'7 r-nB43
PRFMJFR PfCKFORD: Mr. Spei'tkur·, iHl (:~Xcunj_n<.~i::ion of J-.h(:~ kind of logic is a very complE!X, i.nt<=!ll.c:1ct.ui:ll tnr:\1::i:c:1r', bu+: T t.ui.l.l. do r11y best. ~TUL~: A supplementary, Mr. Speaker. MR. SPEAKER: The ~lon. l:he member· for· Fogo . MR. TULK: Mr. Spe:~aker, I say to thE! PremiE!r, y<;!s, logi.c .is very cotnpl.<,~X, but i.n some cases it can also be very foolish. MR. SPEAKER: Order, pJease! MR. TUIK: :r cl~;k t-he Pl"em:i.er·, the:1n, is he:1 go ·i. n g 1: o i:1 J. J. ot~J UH:~ F t-:~ de r i" l. Tor· ·i. t1 !; SOMF. HOl\1. MF.MRFRS : Qu~~~;t.Jon! r'IR. TU!.K: Tltat :is Cl question .
T~; h<-:' go:ing to allow the FederaJ. Tories in OttawB to ignore Newfoundland and Labrador once age\ i.n, i.n th~! S''Hne manner as ~:hey did with FFTs, the Canada-France fiasco, and once ag;,d_n f<H'U1 hi.s government to give in? This question has bE!<Hl r·aisc-'!d by our Federa l Minister in Ottawa and the Provincial Minister of Fi.sheri.es. For a few po] i tical votes and to h d v <-'! good r· E-~ l a t -L o n s tAd. t h h ·i_ s buddies in Ottawa, are we going to s <'J E! i't no UHH' s e 1 1 . o u +: o F <HlO 1:: he r· r·esourcc,,? PRFMJFR PFCKFORD: 1\J o :: i't 1; t-:1 r :1 g o o d s fH:1 e c h . MR.
FFFORD: Mr. Speaker . 1..3 B!J l'j- July 4-, l.9BH Vol XL "" MR. SPEAKER: The hon . I: hE:' rnmnbE!r' for· Pot'i-: dE! Graue . MR. EFFORD: Thank you, Mr. Speaker. Mr. Speaker, my question, again, i.s to thc,1 Mintst~H' oF Hea.ll:h, and it is a very serious question concerning the situation at the Health Science CornplE•x. ThE! mi.nistar committed some time ago that he would be putting more monc:~y 'i.nto l:.h~~ H~::,al.l :.h Sc-i.ence Complex to prevent any layoffs.
Hcts 1-.:hf~ rnini.ster or· h"i.s clt-=!par·i :ITlE!nt decided to put in more money to opc~n beds ·l~hd::. dr'e nCHAJ cl.o~;pd so that patients try:i.ng to get into ho';p .. i.i:dl. ;-_hi .~; St.JHIIII(!r' IAJ"i.ll nol:. I:H~ pt'E!IJl;!nl-· .l~d fr·on1 doj_ng so? MR. SPFAKER : The han. the Minister of Health . DR.
COLLINS: Mr. ~;pE!akE:1r, T do not r'E!Ccl11 tflr:lki .ng ::1ny c:omnd.tnH=!nl : to put mot't.:' money into the Health Scjences Cenl-:r'E:' or i"nywhere:1 e-lSE! for· Lhat matter, What I did say was we I~J(:H'('! goi.ng 1:_0 :;i.t dOIJ.Jil l.I.J:.i.\-. ·.h management and members of t.he b o "' r cl i:l t t h c,1 H e "'l. t. h S c i. H n C<"! C c.:. n t r e to discuss any concerns they might h d v e .
I Uli. n k I 'i. n d i. c a i:. f'HJ d L t h e same time we were going to do that IAJ "i. t h d n y o i·: h r:~ r 1rti-l j or j n s t :it u t j_ on that had concerns to SE!E! j_f thE!re LI.Jd s d n y f 1 e:1 x i. b i. l. .it 1J i. n 1:: h ~~ budgE· t. s that they already have, or any chang<:' s 1-: he 1J rrri. g h t t~Jd n I·_: L o rna k P i. n view of present day experiences IAJ h .. i_ c h l: hE:' :J d i. c:l no t.
F o r· '" ~; e <~ w h e n they built up those budg~~ts bclck in Jr.HlltdriJ, Ff)br·ttcH 'Y and M<H'ch, to see if any changes in the !)iTI .ICi-.IIT'e of 1:hl:' bttrlgOI.:S lltlOIIlcl b< :' helpful, and t.ue at"('! go:ing thr·ough I: h •'l -1 · e x e r· c ·i. ~; e . ~~ C::' h d 1; o b ''! o n <.J o -L n g thr·ough :it fot" sorn~=! cons:i<:IE:•rabJ (,! i::i .ttte i:lnd 1 t~Jollld '>i.-lY ·i l: i !; dr'diAri ng No. 67 R3B44
to an end very quickly . MR. EFFORD: A supplen1entary, Mr. Speaker . MR. SPEAKER: A suppl.oment~ry. MR. f.:FFORD: Jr. i-t not a concE1rn of the Min ·i.s l:t!r oF lier.-1.1 . l:h or· off·i.c i.r:ll.:; of htr. deportm ent that Jast Wedn es day ni .ghi ·. a yo 11ng gi .rl . fr·ow Pori : d, ,~ Gr ·r1ve had on accident, accompan::i ed by r::t Peni :ecosf :al.
Pa :> l:or· fro m U1H co nunun :i ty v.H:l!: ta l< en to the Hea1th Sci en c e C t~ nt ~ r e , IJJ ~HH' t-) she WC\ $ assigned a cot in the corridor u n L i. 1 T h u r· s d i:l y n i. g h I: r:l 1: s e u c,~ n o•clock when she was assigned a r· E~ g ul. ar· h o s p "i. t ct 1 be d ? I f t. h C\ 1: -j s not a concern of the adm.i. ni s t. r'd t ion and UH:~ Mi. ni. s t<:H' of He a 1 t h , then what tAla u 1 d be a concern? MR. SIMMS: You had better be might turn off voters. MR . SPEAKER : careful . another You fi. f ty The hon. the Minister of Health . DR .
COLLINS: On an ouer·ag~~ annuc:l.] basis thE!re drl::~ 90,000 ddrni.ssi.nn~; i:o l:hf! ho~;p:Jtals in thls Province, and e:~ lJ f! r y s i. n 9 J. 1::~ c:-1. c:l i·wi.-; :; ·i. on · i. ~; a conc<:H'Il t.o Til~:! f..lS M:inlst:E:~r and t.o i:h ·i s 90lH~r·nulf'!n 1-.. nwr·e .:u·e 90 I 000 ar.lrrd:.sions a yE:!ar . NotAl I i:lm sure ·~Hiong!d: Hwsi:'J 90,000 •:-1.drn-i .~;s i.on :; t hP hon. mt~mb8r' can drClg out a pHr' c ~~ n h ·lg (,~ 1.11h ere t l'lE:H'H '"';-~ !> d n cmer ·g~ ·!ncy situation or· a
part i c ul. i.H' d t r F i . c ul. t y , or· d tl':!mpor·alny probJ C:Hfl, IJJha-tevE:~r· . I hav~~ r:l.bsol.ut.ely no doubt: ·. I·H~ could do that every day of th€~ weEd<, b~::~e<:-lUS~~ 90,000 ddllli.ssions in th~~ r u n of a y ear i s an awf u 1 lot of adrrriss-i.ons. But for· 1-.he hon. l.3 845 July 4, 1988 Vol XI.. mt:!mbt'!r l:o come,~ .i.nl:o l .. h.Ls HousP with some vague sort of story such cl S h e j U S t g I) 1:·. 0 n IALi t h j_ S ridiculous. If he has a problem, d r· e "' l.
J. y 1 (,~ g i t :i. rrkl 1: e:~ p r· o b l. l"! rn a n d :i. s trying to ¥lelp out an ind:ividua1, r· c1 i: h (:~ r· 1·: h d n i: r· y 1·: o 1 d ~; h t.: h e governm ent on the back of some poor· :i.ndj,lJi.r:llli:lJ., ht- ) lAJOIIl.d wri .b~ me a le tte r or, euen be tter, he t.uould go wi . s I. 1: 1: he h o s pi . t .:\1 i. t s 01 f, djscuss an y problems th~t he fH ·H' c c-~ i. IH:! !) , a n d 9 e 1: 1: h !:~ ·1: r 1.1 C;l answer. Bu t. for h:im to cc.,me int-o l:h~) Hc) ti !H.! gi .lJi .ng i:h 'i.s lj.:tl"bledy stor y that I have absolutely no k I')()IJJ l. (:~ rf 9 C.~ i-\ S 1:0 l•lh 0 1: h C-H' i. 1: i.
S tru e, false, jndjfferent, - lnc lli. c;i.oliS, ruu1our, my t.h, m~'lde up or what not is incredible! I have· absol.1.1tf~l.y no ·i.d~~d al: l:.his t..i .rne about someone who was adndtt.E•d or· supposed t.o be adm-:i.I~.LHd or· IJ.Ji'lS partly admitted or was going to be admit.t:.r::~d or· w.ight hav(.:o been admitted last week. I mean it hon. member· and time go v e r nrm ~ nt unfortunate ,;H:IIfli . s s i. on s hospitals of MR. EFFORD : is ridiculous for the to be do -i.ng l.hi.s t.irne again, lashing the on the bctcks of poor peopJe, orn::~ of 90,000 r'\rll'l U ct -1 l.
Y 1-: 0 1: h ('' this Pr·ouince . 11 f ·i.nr.~l. ~;11ppl elrH~nl·.dr'y, Mln. ~3FH~o:l!<C'!r . r"1R. SPEAKER: (l fini:l1 stJpplernenLary . MR. fFFORD : l.ei ·: lilt' So:lY to l:he r-1-:i.n- i.s l"er· of H f:~ a l t: h t: hat: it: :i s g E:' t tin g so n ou1 i.hi:ll: MHI1:; h•.-1.ve i:u ·.int::::!r·fer·e 1..1J 'i.l:.h the systE,~rn in orde r to gE>t t:he:dr people :i.nlu hospi.l :.ctl. Tha .t i.s 1·1o1JJ deplorable l:he hea l·th car·e systmn is gel~.t :·Lng. MR . SPEAKER: Order, please! No . 67 R3 84-5
MR. EFFOIW: ~~~t rne i:!Sk ti'tP Mjrdster· of HeaJth, i'1 r· . s fH:' (;\ kl:H' ' IJ.JI·w i: h i-\ :; Uw f ~ ( i:
C) r 9,000 admissions to hospital got to cl o tJ.l "i.l .: h Uw l·.:t)IO p d L ·i. ~) n 1: :; t)J h o were kept on st1n~~b:hers in the co r r· "i do r· for s o 1 n .:: hm~ n I~ y . f o t 1 r· hour·s because of bed closures in l:h~) hospi.tal? V.Jh("i: has l:ha1~ got to do u.Ji th the odmis sions to the hospital? Is it not his fault that they have not got enough money to OfHHl the b1:~ds? MR. SPEAKER: The hon . the Minister of Health . DR.
COLLINS: What t:hE: tiJJo patifH1ts hr.lvc,~ to do with the 90,000 admissions is they cornpr·ise I do nol: know IJJhal .: trli.nor· percentage of the total workload of t h li:~ h o s p "i. h:~ l s y s h:~ 111 ·"L n Hd. :; Province. ThC'.ll is IJ.lhal is has to do IAti .l:h thc,'u1. They "lr·r:~ ·1-.I)J!) oF 90,000 adrwissions Cl yc,~e:lln, not 9,000 btlt 90,000 adnri.:;:; ·i.ons '" y~:!iH'.
So .i.f l:ht:' hon. rnt)tnb~~r· hi ·\:; ''' r·~:~;~l . pr·obJ.ern hE:~ j s concE:~r·nE:~d about, he IJJ·i.l.l not ·. hold i.l: i.n hi.s ba<:k pockc~ ·t· until hE:~ can get to q 1 1 c,~ :; 1:. i. o n P l:~ r· i. o cl i. n ! ... h e H o 1 1 s ~=~ <:-\ n d thN1 try to lash the govE:~rnment IAlith i.t. ~\Jhr.\1.: h~;;~ IAJi.J.1 do "i.f he hCJ.s CJ. pr ·obJ I':'ITI over a patient is he IAri .ll 'i.mlllf~d'i.;,\l:.o1y get i.n i:ouch with the administration of the hospLtal.
TF he has rPal concer·n now, I am ta1king about if he has r· c:~ a l c o n c l~ r· n , L f h t=:~ L s n o t j u s t trying ·to pull off a political poi.nt as he dot":s t i.me and t i.tne again in this House, if he has a t'(~al concern for t:he IJJel :Fr :~re of a particular individual he will i.trnnerJ.iatel.y, once hP gel:.s the~ Jnformation, go to the hospital a n d t.r· y to g C:! 1·: UH~ f •. H: i: ~; r· i. 9 h !: . If i·l~! does not IA.Iant t:o do that, hE! Ci:Hl COlliE! l:o IIH:'. Th1,~ I~HH'~;t 1-)J"i.ng he can do is to hoJd it in his b d C k fl 0 C k C'! !". f
C) t' t h I'' 1:~ f:' [) r• J- 0 I I t' d .,-\ y :; u a 4·6 July Ll, 19BB Vo] XI f. I: h. i. n k h l:' s i·\ ·i_ d "i. I: C) ( 1: 1,1 I" I'' (o~ d l ,,, :> i: WednE:1Sdi:ly --not do i:tnythJng about ·ii:, 1:h1-)i'l COirlro! ·i.n1 ·.o 1·.h.i·; Hous~~ r.itnd h o p e t o l a s h t h E~ g o v e r-rt mE! n t. o v e r· ~;
I) m t:' 9 rH' b l C:' cl y ~; •I: () r· y Ul d t ' t F ITI y expPr-i.ence u.Jil::h lrirn is correct:, is p r· o b ('\ b 1 y
I) e r· y f r:\ r· F r· o tr1 b lo1 ·i n g totally accurate. In act.ua1 fact he Cr"nnot E:xpc~ct 1nc.:. dt th·Ls po-Lnt in time to be ab1e to do anything about i. 1-.. NotAl I cr;~nnot-. Pven, at t.h ·is po·.int in time, do a single thing about i. t. . H e h a s n o t g -L v E: n rn ~~ a n am E• , he has not given rne an addrE•ss, he has not gi .ven 1nf:! par·!:·icu1<'H'S as t.o what part of the hospital was involved.
I have absolutely no information on IJ.Ihich to check out Ul'i.s s l·.ory, l:h i.s bogus stor·y or· LhJs mythical story or this ~~ c,1 n i: d 1·. ·L v ~) ~; l: o r· y o r· l".lri. !> d ll. f~ g f:' d stor·y, or whatever :it is thE! hon. 1nc,~mb€:r· i.~; tr·y"i.ng i'.o liil!>h Uw government with on the back of IJI'i.: ; poor· "i.nd ·i.,J ·i.diiHl :i.f thE:.r'e was a poor individual involved. So T t~lOIIl .d 11r·ge i'.ht'> hon. nwrnber, if he has real concern about ct pdt.J.~)ni :, l:o <JO l>~kE: Lhf' Jnformatjon that he has to the h o s p i. 1:. r·\ 1. o r· g i v e i.
L L: o Trl!'! j n s u c h a form that I can check it out. SOMf HON. MEMBERS: Hf~dr, hE~clr! MR. SPEAKER: Order, please! The time for Oral Questions has elapsed. SOMF HON. MEMRERS : By leave! By leave! MR. SPfAKFR: 0 r· d f'! r· , p 1 E:~ a !> E:! ! Notices of Motion No. 6 7 R3 84·6
MR. SIMMS: Mr . Speaker·. MR . SPEAKER: The han . the President of the Council.. MR . STMMS : Mr· . Spe:~aker, I lAJish t.o moue thai: 1.: h 1::~ f o l.l. OIAJ-i . n g lllE:~lnb (,~ r· ~; b c,~ ""p po ·i. nl· : r:~ d as a Select CommJttee to study and r·evi .,,~tAJ l.:h~) clr<:tFI-. bi .l J. on thE! CottfJ j ct of IrttE:q~c~st Gu:i.del:ines, C~:> l:<"tbl.~:'cl by l:h~) Pr'l ·~lni.t 't' J•rne 29, J 9 B B , and t hat· i ~ I'' e poI" ·t: b a c k to ,. h~:' I-lOII s e o'l. L U·w nc•x [-: s 1-) s s ·i.on . The cornnd t-h:H:~ lAJould cons:i st of : rhf:~ hon .
UH,' llll'!lllbC·H' for ~)l:. rllary I:) The Capes, the M~lnister of Fcluccd: ·i.on (f•'lr'. H:~.u·n), i:he hon . the m~ :!rnl:n~r· for· Hurubc,,r VaJ ley (Mr· . Wood For·d), thE-) hon. 1-.:hc~ meu1ber· for· St .. John's Newt h (Mr· J. Carter), t-.he hon. l::hE! rnc,)nJbE!r For Por··l·. e11 .1 Por·t (Mr . Hodder), the hon. the rnc,)rfll'HH' for· Gander (Mr· . Bakc~r), H1e hon . the member for Burg eo -- Bay d ' E s p o i. r ( M r· . G i. 1 be r· t ) , <-Hl d t he han. the member for St . John's East. (Mr. Long). I so 1noue that. moti.on, Mr. Speakc~r . MR . SPEAKER : You have haard the quGstion .
All. i-.hose i.n f.:, u o ' 1 r· p l. e:~ a s e s d y 'aye', those agalnst 'nay', C 1:H'Y' i. (,~ d . On HIOI ".i.On, lfl(.)l'flbet'!;h-i.p or U'
H) S~!J E~d: Cornrn:i t-1-.E:!E', CiH'l"::i.C"!d . Orders of the Day MR. SHJJMS : Mot .ion J . 0 n motion , t: hat. thE:' l t: ~; "'l. f i. n 1: o Co muli. ttl:~ r:~ to consider certain 1_3 8 ip July 4, 19B8 House resolve of the Whole resolutions Vol . XI.. t' e 1 a 1:. -i. n g to Hw by the Province, the Cha i.r. raising of loans Mr. SpeakE!r lE!ft Committee of the Whole MR . CHAIRMAN (Greening) : Order·, pl.l:~i:,se!
Resolution Th<:'l- Lt-. ·i.:; ~)Xp(!d'i.l;!n·l·. 1-_i) bln ·i.ng in d measure to authorize the raising ft'OIIl 1:·i.1111-:: Lo t ·i.rn~) by IAJdY nF l.odn .. on the credit of the province the Slllll oF !:hr··~)t' hunclr·od and sr:wenty-fiue million doLlar 's ($:17t.),000,000) r:,ncl ~;uch add-i.t .. :-i.onal. sum or sums of money as rnay bE:• ,~e::~ q tli r·od to ,, o -1: ·'i. r· E:', I" e pi:' y , r· ('! rH:!lAJ or refund securjties issuE•d undE:!r any Act of the province. DR. COLLINS : Mr. Chairman . MR. CHAIRMAN : The hon. +:he Min'i.sh~r of Hc,1ct1.l:h . DR . COLLINS: Mr . Chi:drlllt'\1'1, l:hE! hon. thE'!
Minister of Finance (MI" Windsor) 1. ~; on H t:! r· Md j E:1 ~;-!-: y ' s b u ~;j.n e s s elsewhere in the Province today. J 1-) x p f~ r: 1: he IJt LJ 1 be b a c k tomorrow . On hj s I:H :~I'lCl) f I I;.J:iJ J i. n ITo cl 1.1 c
f) t-. h · i. :; r· <) s o J.u i ·.to n . I -t- i s n o t a r· E~ s o 1 u L j o n t h d t L h E:' 1-JOII:;I·.' ·i.!; 1'101: fdrrti ,l,·i,:'lt' I~Jii:h i:JeCdll~;p euer·y yE:!Clr w<-:> havo to br·Jng j n a l.o ;,, n B ·i.ll . The P r· o IJ :i. n c e k c~ ('! p ~; ·_L 1: s account!; :in 'l:LliO fashions, on~'!, ~it hd:; i:' Cllt't':~nl-. •::\CCOUn+.: l~olh -i.ch, by and large, does the day by day Ofll,~Y'c'l.t ·ions of !:.he gov~:'rnrnE~nt ., and secondly, it has a capital account by r~Jirich it Funds such longc:•r' l:c'!r'rn projects as road construction, 1\Jo . 67 R384'7
water and sewer construction, h o s p "i. 1. "' 1. !; , b 1 1 ·i. 1. cl i. n g ~; , s o o n i.'l n d !; o for·th, and tAlE:! borr·ow for those p u r· p n s e :; P 1::~ r· h ,., p s I !; h o 11l. d no 1: h d lJ r-~ r11eni ·ioned l.o~JatEH' and SE:~tAJer, ·i.tnpl.y""i.ng rnunici .pdl . r:1nd '>HIAtf!t', because that is a different t.hi .ng. Whdl: r: i:1nl gE:~l:U .ng o:1L, 1 guE:~ss, is thc-.d: any capital t.o~Jorks U1 a 1: i. s n o 1: a n r,Hl n u ,,, 1. E:' x ~·H~ n d ·i. 1". u r· e or E:~xpense:~ over· a period of time goes Lnto our capi.l: .r.1l. account and we borrow for those purposes. Mr.
Speakt~r. l:.h~~ Loan B·i.l.l has a cap on it that the House sets each y <~ a r ;:~ n d t h E! l o <.Hl b :i. 11 +: h L s y rd a r states a cap of $375,000. MR. SIMMS: Thor·e trri.ght be~ r'Hl i.nb:H'(~St ·in using tha ten and ten debating liiC:~ChcHl i.SIII i':lS oppOS(?.cf 1-.o thi .r·ty o:1nd t h :.i r· t y . W o u 1 d y o u 1. :i k e to j u s t. i.ndtcr:1te "i.f that i.s agre0d? MR. TIJI.K: Ye:~ s . MR. SJMMS : i'lgr'E:H~ 1-.o l:r:!n r:-1nc:l ·1: r,' n bdr : !< r·1nd and for·-t-h a~ ' 1: hi . r· I y . oppOS(o~d to t.h:i r·t y DR.
COI..LT.I\JS : For· qu ::i te r..t number of years, b(:!causc,~ thE!r(?. · i.s t'E:~pedl ·:ed possibil.ities of speaking in co mm .it. t. (;! C:! 1 IAJC:! h d v <o~ 1: ~~ n Clc:! d t. o 1. i.trri. t any onE! speaking turn to ten rn :i n u t e s . T h a t d o o s n o t. 1 n (o' iHl a member cannot have two ten minutes or· t:hr'E!<"!
Ll"!rl T unde rstand uri. nut c~ s we tJJilJ. o r' tAl h a t ~?. v e r· . continue the pract.i.ce for thr?. tAJher·e by rninutE~s that hels bf~,·~n last numbers IAie IJ.I j_l_l_ h r·1 V e r·ul e :in place. i.n place of yE•ars 1-:h(!!' t-.en Anyl.o~li:l.Y, thr:'rE~ :is b'i 1.1 dnd i··h(,~ a cap on Lhe loan o rw c i r· c 1.11. d 1-. e d 1..3BliH JuJy ll, :19B8 VoJ XI mentions $375 million . However, IJH~ r· e r)ri .l J. b r:!
I.Hl 1.~ I fiE'! nd rtHHll.: brought: in to r·educe that so that- l.hE•re tAt -i.ll no ·1: b ~~ i:1 '!>] 7 r-; rn -i. 1. l i. on a b -i.1 -i. 1·.: y to bororot.oll, it ~.o~til 1 bE :! r'E!dUcPd dulAin i:o 'noo mi.l.l.i .on. lhe hon. i·:hr:o Minister of FinanC(o' (Mr . W::i ndso1n), l.ll'ldr:.!r' l::hl::' o'llli:hor· il:y of l.as l: year 1 s LOf.ln Bill, and this :is quitE• in o r· tl E! r· , q u i. 1-. e p r· o p e! r I r ~=! c t~ n t l y concJ.udE!d a borro~.o~lirrg !::hat reduces, LhHrefor8, Lhe amounts that needs to go into the 1988 l.OC1r1 b.ill. .
The loan bill. again, this js not anyth i.ng n(~\AI 1 but the loan b·:i.ll. ··i.s an amount in addition to those · a111ounts 1-.:hi.'lt. t.o~H"!t'~:! bor·r·or.o~H:•d .in certain other forms. For i. n s 1~. i:\ n c (~ I r red s ur·· y B -:i. l. 1. s a r· e borrowed under another authority; bor·r·ot.o~r"ing~; From i~hf?. fr"!dE!r·aJ. government are not included in the l.or:1n bill., i.'\nd that includes bon'OLJ.J:ings fr·orn thE• Canad:i <Ht P 1::~ n s i o n P 1. 1:\ n . T h r::! s r,~ i't r· r;! c o lJ P r· f'! d by oth(->.r <'.luthor·:itiE~s.
Jn add~lt:i.on, any cliTiounts u~><:!d to r·edr-~ntn 1-.h~:.' ottLsL:u1r:li .ng cl~~bl·. of l::ht"! Province->., t.hese do not hav~=! Lo be ·i.n,:l .tldr-~r:l ·i.n Ult::! lr)i .Hl b·i.ll. . ~:)o i·:l·lr:! Joan b:ill actually covers bor-ror~ti .ng~; for · Cdp '"i. h~l. accounl- .s exclusiVE! of those amounl.:s I have rnr• n U.oned . Mr. Ch< .·1"Lr·rnc\n 1 l do nul·: i.nl ::('!nd l.:o go on at length in introducing the r· (~sol. u t ··i. on . T h (! r· ('• Hid y b H so Hit' questj ons come out of the mat. t. E!i~.
Pnr·haps I could jusf: Si'ly l:h;:;tl: th"is particuJ.ar loan bi11, when it is t;1JIIf:!ndc'!d 1 d!> r lllto~n f.: inned I l::o $300 million, is approximateJy the same dS IAI~~ bor"t 'OIAI~'!cl -in 1985, and approximately the same as in 1.9B6. l..dsl-. y(;•r:1r U1t:·r·f~ Wi"S a JargPr amount in the loan bill, d J. t h 0 II 9 h '1-: h 1·:! t' P lA I 'i, 11. b 8 d 1'1 1.1 n U S (:0 cf amount lAJ~dch will ]apsE' fr·om Jast y (:~"' r· I :; l.o i:\ n b :i. l l be c d 1.1 ~; ~~ I r•l ~; T No . 67 R3B4-H
-i s r.~ y , !:: h E! r· E! i. s a c cl p o n i. '1: , r:~ n d +: h e cap was not r·eachecl. So "l:her·e was not 1~.he full alflounl: of cluthor·i.ty used. Anyway, this year's clU thori t.y i.s about. t.hc,~ satnE~ ds IAH-?. s atJJ in p 1 ace :r n 1 9 8 5 and 1 9 8 6 . So jf it is agreeable to the C 0 HHn i. t t e 0 I ~J.i l. 1 lll 0 u E-~ 1: hE?. amendment now that the resolution 1-.o B i.ll. '1-5 br..~ arnE!ncl~:!cl by s t.r·.i. k·i.ng out the t.uords and f:igures '$375 rni .l.l ·i.on • dnd by s11bs :.-.i 1-.u :.
"i.ng r.h<-~ wor·ds and figures '$300 milJ:ion'. [ S 0 HIO l)(:~ 1·_ h d 1-. dTIIC,' ndH!f~ n 'L c'l ~; IAJ<,~ ll . a~; in-l-Toduu~ ·l his r·(-?.soJ uti.on. MR. FIAKfR: rJ!r• . s p (,~ c'l k (:'! r· . r-'IF~. CHAT Rr-1M.J : ThE:! hon. H1e mc,!mber· for· Gander . MR. BAKER: Thank you, Mr. Cha~irman. I t'!lll glad the M~i.ni.ster o-F Health i_ s i. n t. r o d u c --i_ n g t:~ b i. ll. ·;_ n t: h (-~ absenCE! of the Mini st.er of Finance becauSE! hE:~ obviously should bE~ very familiar with this type of bill and know all of the details. Ther ·e ar,,~ '" f~:!IJJ cotmn~=!t 'JI::s 1 t.uoul.d like to make to him.
First of all., 1 unclr:=~r·st.i:lnd l:.hat t.hi.s nOlA! i.s $300 million that_ the government wants to borrow in addition to Mny money which may be borrowed to turn OlJer l'llOI·wy j_j --_ dlt"ei:Hiy OI•Jl,,~;. ThJ s ls ~~ n add:i lion to the T r (~<'Is 1.1 r·y b -;_ ll s , ,,, ~; h H h ,,, ~; "'J. r· <-:! "'d y poJ.nt·E!d out. And this :in no IAJay i. nc /·i. C i:l 1:1:~ :; 1: he 1 () l:c:'\l. dniO II 1'1 ::
C) f' bOJ"t'OIAJJ ng for• the QOUE!r'I'ITTH :!rlt fot" Lh~~ y::!.:H'. TI ·Ji.~> ·i.~; l:ho 1-.nl·i·l_l. dfllOl.! n-(- of I'IE~I.U bolni"OIAJirtg. J t j ~; ~: o ITIE!W h i'..l t. s :i. ru:i l.iu· to UtE~ H y d r· o b -i_ ll tAli:~ d <::' "-' J. l: IAri. 1.: h r· P c 1-:~ n :: l.y wher'E:! they ~tant.ecl $600 rnill.:i on of rH:'I.U bor·roiAJ"i.ng, not coun1· .·-i_ng th(O! L3849 July 4, 1988 Vol XL .. !flO nE:~ y they hav~:· l~o bor·r·o1..r.1 l:o pay back money they already OWE! . So t. h·i. s i. s $300 m.i 11. ton .i.n new borrowing. The minister says this is for c a pi. i: <'11 on l y .
T !J.JO n de r· ·i. f /·1 c,) t s correct there. Does this give cluthority to couer the projected $40 million deficit undE!r cun'E!nt acc:ounl-. c:'lS IAJ<::'l.l. or --i.s it pur·pl.y for capital? I would be interesl-.ed in the minister's comments on that . Tr 'LL i.~; For· c.~p·i 1-.<:~l dl.one, I IAIOUJ.d J.ikE! SOITIE' /dnd of dl'l i:lccoltnl·.i _ng i:l~; l·.o ~~Jhdl: 1-.hE' money ·i.s go :ing t(J bE:! spcc!nt on, IJ.lhe!l ~'fH)Ci.f·i_c f>r'oj pet~; ::h~-:~ i]Ol.Jer·nmenl~ hds in mind to spend the $300 11ri J.J·i. on 1-:! x 1·. r·"' c a Fd .'l·_ <'11 .
HowE~uer, be-?. that. as i-1: rrwy, th(:! $300 million I would like to polnt out to the minister, is in reality still d new borrowing of $375 million this yt>ar. I do not t.uant c:lnybody "i.n UJ"i.s Hous(~ 1-.o go i:~I~Jc:~y with the impression that this lll<::~dl1!> l<::!SS Ci~pit.C'Il. bot't'OI~Jing t.h is year, it does not . It still means 1-:hr.\1 : l:he gov ~::n·nml:'!ni: i~hls yea r i.s borrowing on ca pi tal under the ;wt:hor·LI -.y of l:hi .s b-Ll1 , co,nbln ed with unused authority from la st yei:H ', l.S rlOI~I borTOIJJ .Ln g $375 million. So the amount of bor·roiAJi .ng L; no1 : be .i.ng r·eduu::'d.
The rJ!·i.n ·i :;·l-or' or F i.n. •lnC(:O drll'lOl.lrlCE :Od :in his budget !:hat:. last yE :!ar· thE·y eli_ c:l n n I·_ 1'l <-:! 1-:~ d ·1: o b n rT Ul~l q 11·_-jl --(;~ d ~; much to cover current account cls ::h(!Y h• ~d .~~nL ·ic ·i.pd ·i:u c:l 11nd 1·:hd1 -- i~; t.uhE:!r·e th<:: ! bor·t"owi ng authot"j ty IJ..JaS l 1-~ f 1-_ 0 lJ e r• F r• 0 Hl l. i_., ~; 1: y l'! •'ll" , [ IAJO U l cl J.-jke to po:i.nt out to -LhE:o nr.irdst~~r·, to c n lJ t'! r· c 1 1 r· r· e n 1-. d r c o 1.1 n :·.: d '" f ·;_ c i. t .
This is IAJhy I kj nd oF ques t.:.i on +.ho :;l:i. -,h~lnPnl: ,,1: 1-_h<-:' ~H ,,y·i .nrdng H1at lhis is pUrt:'lY capita1., b8Ci: :tUSE! I do no:: 1--.h·ink i·:.hei"H ·i!> <'~l'lY No. 67 R3849
doi.st.i.nci~ 'i.on br:!tiAJBl'!l1 l~he cur'r'l'!n ·l·. and cap:i l:al boi'Tot.~dng :i.n that sensr:~, i.n l~f:'r·rn:; of author·-i.l:y. I C1 ~;i~ y (,! C\1" IAJB IAJE~ I" E!
S h 0 r· ·[· J. n 0 U r· c 1 H'r' e n 1-. a c 1: o 1 1 n 1-. d e:.~ f i. c i. 1-. , 1: h c,~ r· e For e ·HIE~r·e '"tlJa~; cwthor:i ty lE:!ft for· •'Hlo l-.1'1~-:•r· $'1 S nri :ll .·i.on, :; o l·h1-) M:j 11is1 c,~r· of F:i nance usr:H.:I that i.HII-.hor· ·ity fr·om ld:>i: y:~dr', ~~~~Hlt i:o Ja~'an, r-tnd bon·owc~d a fE~IA.J billion yr:!n tA.Jh'i.ch t:lifiOtlnh-~d i:o dbr.JIIi: 1i7''i ru :i J l:i. o n on J a ~;-t- y E:! a r· 1 s aut h or :i t y .
So J 1Al1Hih~d to make t:he point t.hat: 1:. h i. s n~ d u c t: i. on Uw rni. rri . s l·.nr· i. s doing now by IA.Jay of amendment is not r ~~ ctll. y •'l r· f'! d u c i~ i. on ·i. n borr01.~.Jing. We are borroudng exactly t.hr:~ sc\me auiOIHlt. It . i.s simply a transfer of the authority for the borrowing. I would 1 i.ke H1P 1n.i.ni.s t·:r:~r to indicate before we finish with thi.s bill as well. to wht:lt level this w:ill bring our total pr·ov·i.nci.ctl debt ..
Thdi ... is i:ll.I~Ji:1y~; cll'l intE!rc,~~d:i.ng figur·e and E:~ach y t~ ct r our· d t'! b 1·.: go r:~ s 11 p by $lf .OO rrdJJ:ion, $500 m:il.Lion, $600 rni.ll .i_on, $'100 rnil.l. ·ion, I~Jh;:1t~:~•Jer·. liiiP cH'e now g:iv'.ing e~uthor·ity for· d no 1: h •·H' $3 00 ud.ll. i. on , pl. 11 :; U11:~ $7 S rn:ilJ:ion lllP hi~V€:• a]rparJy l:wrTOIA.Jr~d 1·. h i . :; y t'! iH' , $ :·n r> nri. '1.1 . ·i.o n . To ,~,1·1 ''' 1-.
Jevc,~l tA.J:iJ1 thts br·:ing l:hc,! i.nd~)bl:<,~dnt~:;:; of l:h•-~ Pr·o•J ·i.nc~~ ,.,_·I thP end of this yE:~ar? [ hdvc,~ HH,'Sf:~ J 00 k f OY'IAiiH'd r'E!pl.y. fl.;!IAJ to cornttH:!nl-.s t:~nd T the mjnistE:~r 1 s MR. WEL LS : Mr·. Speaker. MR. CHAIRMAN (Greening) : The han. the Leader Opposition. Mr~. WELLS: Mr~T,-a:Jrnlan, I l.llOU1d lik~' Lo i. t so Uw 1wi. n i s h;! r· 1.3 8 so JuJy lJ, 1988 of thE! to add C Ol.tl. d Vol XI .. p r· o •ri. d <'' tJH~ d n s 1m,~ r :; . 0 n ~:) b:d:. t:• rn fHl t.
One of the budget of course the g~~ner·,,,l. bor·r·ow"i.ng T't:'q'1 ·i r·r~monts for· t hE:' y E! cH' a I" e S E:~ t 0 U t . ThE! t 0 l:. i'l 1 b o r' r' o 1~1 i n g t' t} cp l'.i. t' E~ trtc;! n 1: i :;; ,;d-. $ 50 2 mi11ion. Wou1d the minJster expJaJn First h I)I~J t h (,~ f ·i_ 9 1.1 t' 1-~
I) f '!)] 7 S I[) :i.ll ·i_ 0 1'1 lAid S calculated? We know how it got: r'l,'dll•:r,~d fr·orn <n7~i rni.ll ion l·o $300 nd11 Jon. The hon. mE!mi:H:~r For C ,,, n d E! r· (r"' r . fl d k e
r) j 11 s I~ n x p 1 <:\ i. n t! d that. You have already borrow8d ~~ 'I 5 trl i. l. l ·i. o n 1·: h :i. s y e "' r o n 1·. h e b a ::; i. s of the unused bor·rowing author:i ty 1asl:. YE'!dr. ~3o lAJE! knoiAJ hotAJ l~hal: got reduced to $300 million, but IAJO u l d 1:: h l,~ rrd. n l s 1: ~~ r· <.-H~ v L s E! the House as to how the figure of $375 rnill.Jon IAJas i.n fact det~:!r'trtoinc.;!d knowing that the total borrowing r e q 1.1 i. r· 1-~ 111 e n 1·: s for· L he y E'! ;;\ r' 'i. s $502,650,000? MR. CHAIRMAN : T h 1-} h on . l~ he:~ M:i. n i. s i·. <'!I" of HE'! r;~ 1. 1-. h . DR. COI.LII\JS: Mr.
Che:d rman, to anSIAJE:'I" thE! hon. I: h P I 1:~ ;,, d e r· of l. he 0 p p o s i. ~: ·i. o n fir·st, as he rnenUons, thE• iotc~J b or· r· OIAJ ·i. n 9 r' n q 11 ·i. r· ''!HH~ nl ·. ~; ,., r' e ~t> ~; 0 3 m:ill:ion appr·ox:irnatPJy, jus+.· usjn~~ r'OIIfldnd f·i .yttt'f:!'>. liOI~II'!IH!r, as T :i nd:i Ci:l'tE:!cf E.HH'1:i.€:'Y', IAJ(,~ do not hetV(~ i'. 0 i. 1'1 C: 1 I I rJ<.:! ·j 11 i h ~) l. I) <Hl b "(_ 1 l. u~r·ta:in th:i ngs.
W ~) r:l"i d n o 'i': h .:~ •H! t o · i. n c 1. u d l~! approximatE!J.y $46 mill:l .on that: 1.1.1e 1~1i.l.l. bor·r·oiJ.J fr·o1n l·:h~~ Cdndda Pension Plan, and WE! did not have l:o ··i.nclurlc~ i.n i.t dppr·ox.i.lrti:<~l:E!l.y $241 million which will be used for debt retirement, roll over debt essentially. So tf you ~ake out those two amounts, the forty-six u.Je will bor'r'OIAJ fr·orn Cdl'1•'1dd Pr~ns t on and l::he $24 .1 mil lion that will be a dE!bt r·r~qu .i.r'HHtnn·l- . l::h;:1.l·. The l.odn ()c:t dor:!s No. 67 rnsr.~o
no!-. hdV(! l ... o incl.ucl!-), the t·o-1. i'..t1 l:wr'I''OIALi ng down L~o $2 15 mi .l.J.ion . l·.l'kd: b r· :i. n g s requirE!mE!nt Hoto~Jc~V(:~r, r:\S hon. rn~~lnl:lHr's w· ·i,l,l r'8a1 j ZE:~, some of our debt r·e ·t i. r·e,Hne->. nt does no 1: t.a ke pl a c f:~ until t:hE! end of thE! year and if '"'' e d oi. d no t d d d i n s o rn c->. am o u n t of flexibjljty, it means we would not bH abl.f >. to cornpl.et::e our· borTol.~.ri.ng program unt:i 1 the end of the yE!ar, a n d , o f c o u r· s e , a t 1·: h a 1-. l·: ·i. rn e,~ , mar·kets m:ight: not be good, or Ull ~rE:' 111ay be,, a c; .~s h fl.orM n r-~ e d or IAJhi'ltevE:~r·.
So, e:!V(:Hl though tak·.ing out . 1-.hOSC '' dliiOI .Ini:~; Y':>.dll(! :'~> OUr' borrow ing requirement to $215 11ri .ll.i .on, Ul!'!r'
t) i.:; ·Hlol ·:hf'!t' $1.()0 urjJl'ion i'lddE->d i11 fo1n fJex:ib'i1lty S 0 IAJ~:! C ;;
H) bo r• Y' OIAI •.~ ·1: i-\1'1 y l.'i.lll! ·) d1n ·j ng the yei:tr' and IAJC:! IAJ:i 1.1 not h.··w e h ) 1.~1.d . l: 11 n 1: i.l. l: h!:~ (: nd of 1: h~ ) yPi.'ll", IAJhen lo~H~ gpt · thE :! cwthor·:ity to bot 'r'CIAI on l·.h~:~ bd s·i.:; oF clc,~bl : r·e :!'(-it ·e'!ITIE-Hd. I as t y E~ iH', as I mE>. n t ion e d , t. her· e IJJd S a CC:H 'l-.c:\'i.n i:11fl0UI'll: oF bOt't 'OIAJing aut hor·:i ty not us~!d.
As a matter of fact , t: her· c~ I~Jd s $ 2 2 6 m J 11. ion of Jast yea r 's au thor it y that was not use d and i_f y ou ta ke ou 1: the $7 rniJ l ion tha t wa s use d ea rl ie r in 198 8, on t:he basi .s of last yet'\ r' s loan bill , there is still a n a p pr e c i. ft b 1 c:! a mo u n 1: of the u rn .1 ~ ~~ d i:l.uth or i ty . So I am qu ite sur e we w ll l no t use dl l. of t:hat $16 0 flexib'ility we brought in also, but . IAJH do hdV(~ t.o hr:iV (~ l~hal~ .:unounl: of fJ HX:i b:i 1 :i ty to completE: ~ i:he b cHT owi . n g p r· o g r' •:llfl .
Tn r·Pgr..tt·d to the,! dE~f ·.icJ t, YE!S, -t-hE! hon. me111I :H)l" For· Gdnd~)t' ·i !; col ·-r-e o~ ci. trJhat J I~JCI S g8tLing D.t. , I 9 11~)5 :; , IJ.J;.I:> <)l .lt' C•:IP ·i. i:."\1. i;U : •:Ol in 1: i.!; rna:i 11Jy r-c:~s p o n~ dble:: fo r- ou r· bo r•r•o r~ri .ng fH 'o gr 'o:\ 111, b1 Ji: i.F I~JC ·) do ha v ~ any def:i d .i s on the curT 0nt acc::oun l:, l:hc n ob •Ji .ou:;l. y '"''~ ~ h·· l•Je l·
c) p:i c: k :it: up on ou r· bor-r o1.1d ng I_ 3 B r> 1. July 11, 1.98B \Jol. XI.. p•~ogr'dln •'1l.so, so HHH 'E! :i ~; a Slllc1ll. amount of the borrowing program r<, ~ldi ::co!d l:o def ·i.c·i.l: fi.n anc i.ng . In that regard, I an1 surE! I do not h d IH' 1-.0 t' (~I'll "i. r1 cl h 0 rl . In('! rrl ~HH' S !) f !:-. hE! committee that in some previou s yc ~ar•s IAIC o' had surplu sl'!S on cur·r·( :!nt. account and that dPcr'E!ased our bot't'OI~Ji.ng r'l::!qu:i.r•<oHrlE:Hll::s Few capi.t:.al. account. In rE!gar ·d to the debt, in Exhibit S -i. n l ... h ~~ F S 1~. j_ Hli'l t: f:!
S d 0 C LIIIH '! n 1·.: , 0 l'l page XI, it ts laid out thE!rE!, the public: S t:!r:l~or· clebi~, i.·.\nd ell': the end of thi s YE!c~r for 1988, that 'i. n c: l1.1 d ~) s I: h <·) f'! ~; l·. i rn i:\ 1 ... f'! cl <:11 no u n 1-. o F borrow :ing that. IAICc' have bu·i]t :ir1t o lhE:~ brid';3~)l :, 1:h~) l:ol ·dl cli.r ··:c.c i: d e bl ~. IAI ~i lJ bE:! ctppl"OXirndteJy $4 bj l,}j 01'1 . Thpr·:~ ·i:; i.'1l: ;u ~>u•ne cunLingen+ ·. debt, j t j s r~ 'D-1.] y not. a debt of i:h::! Pr ·ot.J ·i.nc ~) ;:\:.; !;rr ch dnc:l 'i.:; l.·i.kel.y 1.ui1J not bE:! paid back by Lhe ;! Pt·o v 'Lnc:e .
T I· i_s coni · i.ngc -!!ni : i_n tha t we gu arantee it, but j t. il> unl i.!o )l.y i:hal : H . nc -H~d be pdi .d back by the Pr ov:i nee, j t r:an be paid b .~ ~~ k by C r· Qum c: or p o r· a 1: i on s and s o on, wh ic h are acti ue and operati ue ~ n cl r e ,;~1 1. y t' e p <:\ y i. n g 1: he i r· d e b t: each year. There j s another $1 .7 bill.·ion i.n i:h<At-. CC)nt .i.ngent d~:,bt: .
So Uw t o l:i :\ l. p u b 1 :i. c s e c 1.: o r cl E! b t , which is net of sinking fund s - we hc.·Wt-'! cE~r·t .r.d.n amounl::s oF money put aside in sinking funds to tak e Ci :lr'e of d1:!b ·l~ d S it b E>.C Olne s du t! -· net of sinking funds, t:he total p u b l :i. c s e-'! c l·. or· cl ~'! b ~~ i s '1> /l .. 6 b i. 1. l. i o n approximately at t.ht o! end of th is lj ::! d t' . MR. 11AI<FR : r-Jtr· . C h ;ri . t'lllH n . r111~ . CHATRM~I\J : The o\ hon. t:h~ ~ mernb(!r' For· Gander· . MR . RAKFR : rh.Hlk yor1, r~r· . Chd ·i r·rrli:Hl . 1\Jo. 67 :nas1.
I wou]d Jike to deal with a couple of ol-.her' points, orlC"! or' I·.IAJO of t hc-!m r·ai !i E:'d by thE.' mi rd s ter h :i. !fl s ~~ l f . T l·lf~ rn-i. n i s i': E! r p o .i. n 1-. e cl o 1.1 1: thnt J nst yE~ar· therE:' t~Jas sti J 1 r'Oflldin-i.ng aui:hori .-l:y !-or· lo 'hi·: y P cH' . T bE:! J i e v E:! hE:! in cJj c atE:~ d l he <:JOlH~rnlllf'!tli: I.~Ja:; short-. $/.00- -odd nriJUon Jast YE~i:tl", so $7S mnl:lon Ci:1111~~ oul: of ·ii:, :;
t) l:hrH't,~ ~;i:i .ll . ·i.:; $ ] t; 0 m :i 1 J :l o 1·1 au t !·1 o I" :i t y 1 (,~ f t f ,~om l.i:lSi: yt,~dt'. DO~'S 1.:hi ·1l: IIH~·Hl 1-.IH~ govE~I"I'IfiHHd. can, w:i thou-t: corning bdck Lo l:h~~ Ho11sr.~ .:-lgr:\i .n, bor-ro,,.J i'.lriOthE>J~ $4 •50 ITl:i.ll:ion b<->.CCIUS(,~ thE! aut .hor·i .l:y ·i.:; Lh ~~ r·e no'"'' For· dn <-..x-tr·a $E10 ndJlion, ovE:1r and clbove this $100 million? If l:hal: is SO, it. IAIOI.Il.d i.nd ·i.cat .H to me the Mird s ter of Finance i.ntends to us1,1 that oi·:her' $1':>0 million.
The reason I say that is a Vt·H'Y st-:~nsi.bl.E~ and l.ogi.cal. one, we needed to borrow $75 milljon r' t~ c P n 1: l. y so 1:: h E:1 111 i. n i. s I~ t:! r' ,,.ll;! n t off :i.n the Japanese market and bor'r'OIAll:1d '!l7S tn.i.l.l.i.on, undPr authority from last year. Then he c o r' r' ~'! c t. P d h ·i. s b i. 1. l. b 1J a s k :i n g f o r· $300 mjJlion instead of $375 tni.l.l. i.on. Ii: Sl;!(!lllS l.o me i·:hr:\1- i.F l:hr,, rn j rd . s t.
P 1'' h Cl d 1'1 o n E:' E:! d of t h a t o -t h E:! r· $1 .r;o 1ni.l.l.-i .on, he ~~JOII-Id h;we cHIIE·!rtdEHi th< -! bill at Ud.s poini· lo r·oad $1SO rni.l.l.i.on, :;ubl-.r'i·1t:l : l:ht-:! 1~1hole Hdng bE:!Ci~US~1 HtE:!r~~ i~; $1SO 111 ·i.l.l. ·j 1)1'1 oHii:hor • i.i·.y io1lt'P•'1dy E~x:i~:t-:lng. Tf hE:! on]y ne<,'dE:ld r.l no i··. h t! r' '!> 1. r, 0 111 i. l.l. i. on , •'lll. lw 1~10 ul cl I'IPE:!Ci :.i.s $300 m:ilJ:ion bot"r·owing au t.hor·i Llj' :3o' :i.:; UH'!r'E! rHlY ard :i c:l pated nE:H:!d of that E:1Xi:ra $1.50 mi .l.l.-ion bor-r-owi .ng aut .hor·i .t--.y left over from Jast year?
I IAIO u 1. d a l. so d s k thE~ m-i. n 'i. st. t>. r·, 'i. n connE!ct.ion wtth this, and he is a g o o d o n e i: o t: a l. k bJ i:'l b o u t t: h i. s , L s therE:1 any borr·owing aut .hority left ov~>.r' frorn Prl '!V.i.ous I.Jt"!dr ·s? HCHAJ 1.3 8 52 July 4-, ]988 VoJ XL long can this continue?
Is thE!re r'trllj borr'OIAI-i.ng r"\UI·:hOt" ·i l·.y left tWer' from three or four years ago which Ci:\i'l r::tl.~;o b~) clr',~IJ.Jn llflOI'l? [1'1 ol-.:ht"r' IJ.Jor·ds, I arn trying to 9E:1t my hc.H1ds 011 hoi;.J 11111t:h ·i·.hi .:; gotJE!t'nrrtr~n'l- i.s capnbJ e of going out <Htd borr'OIAJ:.i ng 1)11 Ult·) b •. ,:;i_~; or Ul'i !> b-.i. l.l., IAJhi.ch says $300 rrdJJ:lon. In i-lCtUi-..1] fdcl-., ht)IAJ nJIIC:h lfllH't·:: ·i~; tlri.s gov~H'I'IITIE:!nt Ci'ipabJ E' of go:ing out ilnd bor't 'OhJl ng '"ri.l·.hou 1: Ft.tr' 1-:.hr:•r' recourse to the House of AssembJy? The mjnister mentionE!d somE '!
YE!ai"S i:het'f~ l!li:lS Sl.lt'pl.IIS o_n Cl.lt't'f:!rl'i:. account, but as tht::1 m:i11-.istE!1~ IJJeJ.l knoiJJS, for i .. _he J.dsl- . four· or' f'i.ve · years, of course, thE!re has beE!I'l no "i.ndicai::ion of sut'plus on current account. That d:i.sappE•iH'E!d back Ln l~he uc.u·l.y 1980s, l::h~:' i.ck!a of surplus on current account. We hope that it does not di.sappear entirely. We hope tJJithin thE:' nE•xl: f E~IAI y P d r' S IAJ(,~ IJ.J i.ll. 9 (! i:. b d C I< I~ 0 d surplus position on current •'I r: co 1 1 n t , b 1.1 -1-: i. I~ c r:• r' t. ct i. n l. y doe s no 1:: look like it this year .
I wo u 1 d 1 j k e to i-l s k thE! m i n·l s t. E! r' abt)ltl·. J·.hr~ Ji.·1P··lnr;!SH l.odn. Tn l··h i.s c Cl s E:' , j t i s p r· o b a b J y u n F o r· t u n a t E! i:hi.~i: i.i'l(! t'l·)r'l.l . r'hn·i,>h ·:!t' of F:i.nr:HlC(,' :is not hE:1r·e . Jam jntE:1Y'E~sted I~J h c-~ i: h t·:• I' l"i'.d s :i ng r!) t' c,' i. 9 11 i-h;:l'i· .. L·1fli'tilt·~~;t -~ lo.:Hl, of thE:! Joc.H1 involvE:'d tJXChi:11'19f:' t:o nl:r'dCI :~; l .. hf:• any TI-lt-:! ntt:!tllbPr' fot ' Si .. .John'~; 1\Jor ·t·.h ( M r· . J . C a r· tE:1
r) J a u g h s . H e k n OIAI s f~Xi:lt:l-.l.y l!thHi ·: l·.hi.s .. i.:; i·lll . dboul: .. He knoiAJS hOIAI easy :it :is to J osp nli.J.l ·i.on:; of dol lr :~rs in d ft '!IJ.l days on a for·Pi .gn exchangE• contr·act! ~) o my q 1.1 c,' s t 'i. on i. s -· MR . J . CARTER : On a poi. n 1- oF o r·d e r, Mt' . C h;r.i. r'tlli:Hl. MR. CHAIRMAN: A point of order, thE! hon . the TIH~mber for St. John's Nor ··l·:h. No. 67 R38S2
MR . .J. CARTFf~: T thought we led d tha t ghos t on e IJ E:!• .H ' .·~go , l:tJ.I O ye • .u·:; r.lg o . ( 1: 1.:.; wr· ong fo r- thE:! merub er for· G ~ nder (Mr· . Aakc:H· ); i.t i.:> mtshh H:Ii.ng ~:h e Hou se. Th:i s is my poj nt of order I i. 1.: i. s 1 n i. s l E?. '" d .i n g i:. h (:~ H o u s E?. a n d ·i_ 1-. is wrong for the member for Gander and i. t :Ls 1.urong For· any JrH~Inber· to suggest t.hat any money was lost, s to l e n o r· s t r· '" y E:! d b ~?. c a u s E~ o f t h d t par··U cular· adventur·e j n borrowj_ng I which I think was no adventure. It was very, very carefully S~?.CUt't?.cf .
Now I noticed that the present Jctpanese Joan for $750 mjJJion yen . -- s omt ?. ex i·: ri'lord ·i.l'li:H' y l'liJllllH,H' of y (:' n ·that t.UOI "ks out to $75 mil] :.Lon c d n '" d -i. d n ·i. s r· t~ p i:l y .:~ b l f:' ·i. n . .. MR. flt)KFR : SE:~VE'nty-- fllH?. rn:i llion dollar·s . MR. J .
CARTFR: s e:~ t; en I: y f ·i_ tH ' rr,-i. l. l i.o n do .ll ;,n· !; • r •:WI :. o l'T y · :i s I" E~ p r..t y i'l b l E?. j n C a n ad j r.l n doll.Hr 's. so th. :~ 1: l.:h1,~ yun 1:r:1n do tAihi'..lt it Jii<E: ~s ctnd thE:~ ArnE?.r:ican doJJ.dr COI!}d Hnci d.J.d I•Jhctl ·. i l: l ·ikc::~cf and i·t made no diffc-:!rence to our 1->. x p o s IH' (:~ d n d 1:. o t. he a mo u rli:. Hk11- .: t•Je hetd to PCIY back . That ghost t.uas l<'li.cl l:.wo IJl:~i:H'S ago and i.t should remain laid.
Evt -H' Y t-. i.tne the 111 ~1 nbe r· br i.ng s i. t up , J am go ing to get up and obj Hct bHca use t th lnk Fd r too long membe r·s of Ud s Hou se hav e sa t qtJi .el :l.y by u.1h il.E:1 t.he HH) St: outrageous state ments were made f r· o 111 t h t~ o 1:. hE; ~ r s i. d P • N 01~1 • IAH:~ ,;n· P so use d to it , these ou trag eou s stat.e rneni:s pi :U>s i:\ltnos i: u nno ·l: i.c!:'l d .
But I t. h ~n k ~it :is Cl rnista 1<c,1 and a f ii'\1 11. 1: <:H t d J: t-. hi n !< ~~J( ·) c: an •1 n c:l sho uJd bE:! !~eve r'E- 1Jy r.r ·it:icize d for nol-. geU -.ing 11p i.n !)lit ' pl<·u>:! ; 1-.o obj c-:!c-L ever·y ·! :i.rnE~ :it hr-..tpp c-~ns and T , for ' o rH) , t>~ r· I: i-\ L n l y 1~r i. l l . 1.31!'~3 J11l.y IJ,, 'l9illl lJul X I MR. fl:'H<f-1< : To thai: point. of or·der, Mr . Cho ~\"i .t'HkHl. Ml<. CHAIRMAN : To that point. of order, thE:l hon . the IIWtnbf:~r For c,uld(.~r·. MR . BAKER: Thank you very much, Mr. Chairman .
I wcwld like to say that Lt.Jhat we hecH'd fr'OHI UH,~ hon. l.:hP nH,~Hti:H~r For St . John's North (Mr·. J. Carter·) ·i.s ;~ l.oi ·: of hogt~Jd s h, balder·cla sh, and anytl·dng elSE! that you cat"e to c '-" ll ·i. 1-: . H E;l s d y s i t-: i s r· E~ p a y a b l. e in Canad ian dollars , but the membe r· krH)u J:> full. ~~~~)1. 1. t:hd 1: .i.n ord er to go over there and get $4 . b i l. 1 ·i_ on y :~ n, a 1: :; o m ~) poi . n !~ vH:.! h;it v e to ch ang e :i.'t into CCI.netdian do ll.i:H':; .
TIH )t'!,1 h·'l l> i:o be rlrl e x ch a n g ~ CCir -r:ied oui.. and it :is :in l:h•·) proc 1-):>:> of GiHTyi .ng oul : l:l'lr1 t ex c h a ng ~ :in or·der·J. y s hq: J!-1 -l hat we 9 •-:!1 : "i.nl ·.o i.h ~) :;hor·l ·: l.c.H 'rrt for·w;:u·d exchang e co ntri::lcts that this 9' > v I·H 'I'IOH :.Hll: 1. o v 1-:1 :; l:o use • cl r:~ cl r 1. y 1ov t::ls to use! They do not like t0 I.ISl~ t:h ~) long--b:n ·rn fon~J< .H' d exc hange co ntracts an y more. That is s upp ost~ l:o gi .v~ so tn~~ prol:eci :i.o n .
They d o not want protection in the lon g b:1 rm, the y want . pr·ol :ecti.on in the short ter m , ov er a period of three or four days. MR. J. CARTER : lh 'f~ you suggf~s t ing ( i.na Lid 'i.ble)? MR. Rrli<ER: If the ITIE!rrtber· is suggE• st.ing, Ml ".
Ch di. r·nkHl, L h ~?. r'f:~ i.s no poss ·i.b i.li. l:y of gain or Joss her·e, I t~ o uld poi.nl : 01 .1 1': to h·i.m l:h i.'lt-. t:he gover·nrnc->.nt ilTIJTlE;~d:iah>.J.y dE:'clal" PS i:lnl) gH ·i.ll!> ·l·_h!;:y nto:1kl:~ in 1--.hose c:ir 'C:UTIIS-l:artCE?.S, but IAJhE~I'I IAI(! dcli" E! men 1-:i on i·_hf: t'l·) rrr i.qh:: be ''' l.os s. they get qui i.e upse t Mr. C h •. d . r'mi ·li' l • l: h t-:: n:: ·i :> r· ~'' i·l ·1. -, y no p o :i. n 1:. of or dE~ r· . ·r he mE ~ rn b Pt" -.:i. s j u s l 1\Jo . (i 7 rn as 3
flapping his gums . MR. CHAIRMAN : To f·. h a t. p o ·i. n 1-. o f no point of or·der. MR . J. CARTFR : r:l no 1··. h ~~ r p o ·i. n 1: Ch~:~irruan. MR. CHATRMMl : o r· d <-?. r I 1-. h e r· t~ ""i.s 0 r or'dE!r I fJir· . (.) m~tAJ po:i nt of Ol'·chn· I th<-'! hon. thE:~ Jlll:'liii:Ho't' l-or· Sl .. John'!; Nor·l· .ll. Ml~. J. Cr:lRTFf~: 11-1r'. Ch<~d I"TIIcii'J, ·thE:! lTIE:!mb<·H' for· c .:l n <.1 H t' ( M r· . a a k f:! r·) i. !) c: () n r II s ·i_ n g tAJhcd Hw OE:!par·tm~HJt of Fini:lnc<-?. dor;!S.
T'hl'! l)r,~prH'i ".liWnl·. or F:i.ndl'lC:l-~ ~:ornet-.irnE:~s has to rtJake repayments i.n for•:.:,·i.gn CUrl"OtlCy eHlci l:h<~y lAid l··.ch the fore:!ign currency rnar·kets c a r· E~ f u 1 l. y s o H1 .:~ t Uw y c a n purchase ·l:.his foreign curr·ency at !::he tnost fa.vour·abl~~ rab~ i.n or·der to ruake the necessary payments that. Lh~)Y rnus 1·: lfli:lke. Thdl: is quite different from borrowing a g i.ven dtnounl: of money i.n Canadi.dn funds. He knows tha-I::. MR. CHr:liRMMJ: To t:hi'.lt point of or·der, ther·E:~ is n o p o .i. n 1- o F o r· d l:' r· . MR. TIJI.K : (.) po:i.11 t of pr·J v:i legE :!, Mr· .
Cha::i.r·man . ri!R. CH r:l T RMM.J: ThP hon. thP OIE'!lllb<-~r for· r ogo on i'~ po 'i.nl: oF pr··LlJ'Ll<:!ge. MR. TIJI..K : T I 1 P C h a j r· IAli:l s r· :i g h +- t: o r· u] <~! l. h et t Lher·~) is no po ·inl: of or·dr-:!r'. Th~~ i l"lJi h of thE:! miotl~.bH' :is that the hon. gr~nlJ .elllc:ln i.s i:lbU~>i.ng 1-.hH p r· i u i] f:' g <-?. s of t h :i s H o u s e by u s :i n g po-Ln~s of order to carry an ~ d~::~bat~~ t.uhen, :in actual fact, the Chai.r hr:1s r'E~cogn .i.:zed l:h~-:~ Tflf~Tflbf:!t' for Gander·. I tAJOuld point out t.o ti·H~ ChaJr·rnan t.hd l:. i.f Lh(;! hon. I 3 8 54.
JuJy 4, 1988 Vol XI. gentleman wants to speak, thE!re is a pl. r.u; ~:~ for :i. t iHl d he c an r· i s e i. n his place immediately after the Hlf:~mb<-:H' for CandiO!t' has sat dotAJn. 1 would ask the Chair that every 1-. i.me Hw hon. g~Hll:lurnan r·-i.sE :!S :i.n h:i .s p]ac<-?. to mal<<;• l:.hosE• spur·:i.ous p 0 ·i. n 1: ~; 0 r 0 r· ( I H r· I I. 1'1 i:l L y () 1.1 r· H () 1'1 0 u r· ask h:im to take h:is place. r·-11~ . Cl ·lr:lJRMM.J : ThEH'<->. is no point of pl"iu:i.J f~9f:! . MR. J. CIHHfl~: To l·.hHi. poit'il : ol-' pr··i (J'i .lE~g(~~ r·~r· . Chcd l"ITICirl . MR.
CHAIRMAN : T h ~~H' ~~~ i. s no p o 'i. n I: o f p r' -i. u i.l ~=! g ("! • MR. J. Cr:lRTER: I would merely respond that if one sil::s t.dnt<'!l.y •':\nd qu'i.ei-l.y by IAJhi.l.e the most outragE!OUS statE!rnents are Hli.~ do , in our· c ul. t u r· e , s ·i.l. <~' n c e represents consent or is taken for consent. There agr·eement to s tr:1. h .~lfle n r. s t hi'\ 1-. the t.uay, ne1uer! MR. BAKER: Mr·. Chairman. MR. CHAIRMAN: ·is no the COnJE:' constHll- or· outrageous fr'OHI a C t'OS S UH:! hon. U1<:• rnmnb~H' for · Gdnrk!t' . MR. RAKER: Th•~nk YOII I r1r'.
Ch.:·ci.r'l'lldl'l I For· r· u J i n g UH:! r· e :i s no p o :i n t- of or'df:!r'. T knHtAI l:hf'!t'n l~ld~; nonu Fr··o111 thE:~ beginning. 1 i<rH~IAI the mE!rrd:)E!r d 'Ld nol ~ r'(·)i·l-l .ly undc!r·s ·l·dnd I~Jh':'ll- he w~s talking about. To fin:ish up, I say Lo thE:' M 'i. n i. s h:! t' o F 1-1 f:~ .:~ l :-. h , i n c i't s e h e h ,~ s forgotten in this little exchange, r hdt)l:~ i:lsked l·ri.ln about: t:he rernajning authority frorn last year·, and fr·orn pr'f'!V i.ous y~:!i':H'S. I have asked about the forward ex c hr'lngc~ con l::r·e~.c 1-.:s i'lnd 1-: h (,' No. 67 R3854
J .:1 p r'l n f:~ s e l o ,J n . On~~ rllt'l·.l ·wr· poi .nl·.: f)o(~S Lhn rn:i1d~;tt~J" knolAJ offhc~nd IAJhat our· s hor · 1: -l:~:~ r·rn FH ~:; i l.'i.o n IJJ 1:1~> 'i.r1 h!r' Jn :; of !;hor·t -·te r·m ·j nves trnE:!nts at the ~=~nd of Mt.H •r. h oF Ul'l:> !/(:'!at·?
Thd l~ wc.HJ J d again g :i u e u s a 1 itt J e b( ~ 1:1- :er· i.tlea of the a.Jnot.ml ·. of money WE~ ar·e talking about. here because i 1: lllc\kes d d i.ffer ·<::nce whwl:.h~?.r' there was $100 million in shor·t-l :er·1n i.nu1::st:lrH>.rrt:s dt l::he end of March or $300 or $400 rrdl1ion. nn~t makes a cl'.iffet·enc<->. i.n the IAJdY l.ol.le look at it. So I i'.lsk hirn if he could g i.ut:: us l·:.hr:-ll- . :infor·ma ·l:-i.on :i.f he knows :l t offhand and j f not, () b u i. 0 us l y I h t~ IAJO u l d h d v 8 r. 0 l,r.lr'l 'i 1-. d day or liAJO, or· g Pt s ornE:~ body ·t.o look up t.he ·i.nfor'lrtdi: ·i.on. MR.
J. CI1RTFR : Mr. Chcd . r·man. MR. CH(Lf RMnN : (:; i-.h i.s r.l poi ni: of or•d,,~r·? MR. J. Cl1f?TFR : No, :1 IAJ:.isl1 to spt:i'lk . MR. CHAJRM()N: TI·H~ hon. l·.h,,~ rrJPIIIbl,~r· for· Sl:. John's NoH· h. JI.1R. J . CARTER: Thc\n k you, Mr . Ch;,, ·i. r'Jn.:~ n . T h ("! p 0 i. n t. T l.\1 r:Hl l. t 0 m cl k E! I M r· .
Che:dr·man, is that I l.ol.lould argue, a n d T t h i. n k rn e HI b l-?. r· s o p p o s i 1: E~ rn i. g h t puen be inclined to agree, that Lhe di.stinction between cdpitctl funding and cur-rent expe:ndi ture j s lar'gl.::1y a f'i.guHHd: . (n olh1":r· IJ.Jor·ds, i.f the-~ l.f::dciE!r' of ., .. ,.,E,: Opposition lAJi'lnt.s Lo gE:~t his off·j CE:~ t'f~fur·b i.!>i'Wd IJ.J"i.l' .h •Hllf dlliOIII 'li'. of flH'I'I:it UI"E:l, (,1UE:!I'I C1 rnodE:'S l:. i'.Hnount oF ftlr·n'i.l ".llt'~~ for· h·i.s ofFi.c1-~, t·l·ktl: :.l!; c:or1s::i<h:r·E!d l.o bE:' cap·jt .i!ll, 1.11h r,1 r• c,1 d :; i. f h c-:! tJ.kl n 1: !:; 1: n h ·i. r· e i·l n I ;qp·> >, Ju]y t;, 198H Uo] XI :-) x 1: r· i.~ !; (,, c r· ~) l ·. d r· y , l·: h '·'' I: ·i. s considE>.r'E:ld cur·l"c,:nt: .
No1.11, I do no t , .. ,,~i :ll l.y !;1-)1 '! -J-.h1-) rl·i.s 1·. "i.nc I-. "Lon bt:! t:~.~.ll:!en thE~ two i'.lnd I would argue l..hat ·1·. h f! r· ~) i. ~; no r· ''! ,.,, J. II "i. s t. i. n c 1-: .. i. on between the two types of e x p e nel -L ·1·. 1 1 r· ,,1 , c r-1 p i. t·. d 1 v E': r· s u s current.
There is no doubt about :.it., if !Ale IAJer·(~ l:o c-?.rH:Jdgf>. upon ldrge scale:1 power developmen t, or we were to en gr.~g e up on a lawge $Ca1e ~l"igh 1A1 ay dev elopment, that th at could properly be called capltal expenditure, but in the case of d .:~ y to ch:~y repl.ace rnent of so-called capital work s, I do not t: hi . n !< H1 c:~l~ H 1"' l: c ,1 n or s h o IJ 1 d be called capita]. expenditure. Therefore, tn my uie w, and thE! 0 p p «> !>"i. l: ·i. o n s h '> 111. d 1. o IJ e Hli s , H 1 e so -c alled deficit :is mu ch larg er Hlal 'l i:lpp~~i:H ':> ·i.n ·t:h~' R1tdg0 t.
T t.hirll< H :is bJ :i ndfoJ d:i ng i..he deu :i 1 ·i.n l:h~) cliu·k i:o SLIY'.!J'·~~; L l ... h<:1l--. IM e t.ol.lou)d E-lver·, E:~VC:'r conie closf.! t.o ':3<:~ l:·i :·i ny '-" ~;IJt'pl.lt! ;, IIIIIch l r.:!ss br·eaking even on CUI"r·c::nt account. . ltJ I·~ l'l ~) IHH' hi :\
I) e , b !~ C: .'II. I S ~~ e U C.:H' lf y t.;l cH' sj nee I hr.tve been l.llatch:.i ng ·the fludg' ·~ l·., i:\tlr:l Un .~ l: ~~1011ld ce r•l:d:ln1y be now about twent y-two or '~'~" ~ n l: y -1: h t' '~ ,.~ yea t':; s i. n c e t h au <::1 been watch in g the Budget closel y , hi:lVf~ IAIE' C~l)c,~r COlli(~ cl.OS(~ l:·.o a balanced budget . We have always been at least $100 rnil1ion out, euen when the former Liberal cl d I fl"i. n i. s -r. r· d l.: i. 0 n l:: 0 () k () f r i. c e . T h e amount of shortfall has varied.
If you deJ.ve into the quitE' d-i.si::dnr 1950s, COIIl.d euery yo"i.ng course, pas!·:. bdck -i.n lhe c::;:~r·l.y il was just possjble we hr'lVI'! hdd d. bdlclncecl budg( ~l: year·. Our· rE•uenuE~s IAJE·r·e 11p <:11.1 . Uw +:·inH'!, bul· :, of OlJr' E:~XpC,!I'ld:itUrE! !AidS go:)ng fdsi· .l·)r'. lf- 1:111'! fOI''IriOr' I I fl (!
I) c,~ 1'1 govel"nmE~I'Il. •; h01.11r1 j II!; J-. admini.str·a-t :ion held i:\ l.i.l:l ·.l,,: bi.l· 1)f Ci:lr 'O No . 67 rnass
anrl caution, if they could have delayed some of their expenditures p r· o b a b 1 y f o r· l. ~=! s s t h a n '" y e <'H' • they would have found that they woul.rl have ended up each year, with not necessarily a surplus. c ~=! r· t ,., i. n l. y t..u i. t: h a r· r-~ d 1. bell. an c r~ ov~~ri:i11, if you were,~ to combine t::h(~ SO -··Cr ;l"J.](:~c:f Cdp-i,t .• :·lJ. r:1nd i·he so- c~Jled current. :I just thJnk ::i.t is a p:i.ty thc-.lt. tAle hdVf~ noi·. Ill· :~ i.ni ·_;,d .rwd l:hr'll:, bi-:!Ci :liiS~~ th~!
CO!;'t · of !i~H'Vid .ng OUi~ dE:>bt J.S r·oughl.y :>.qtti~l. 1-.o Uw s.:~l .~-:~~; ·l·; ~.x. ~'io, jf IAIE>. hc.Hi nli'J.ndged OUI~ cAffaji~S p r•!) fl ('! t•l_ Y .'( 1'1 cl IAri. S 1:~ l. Y i·\ rl r:l C d t' I·~ r I t'l_l_ Y dl'ld pr·udE·!i'd .Jy, of COlH'SE:~ WE:' hiild IJf:~ry li.U·.l.1,~ d1o ·i.1:e ·in "1.9'72 l:>r-:!c. ··utse tAle took ouE>r· cl nightruclr·e for· tJJhi ch IAit' had i:o bot't'OI~J jus!-. i:o kt:~E!fl out • hei:ids ~bove water, iilnd we have not r·e,:.l.J.y ~)(,~1>.11 r.1blf.! i:o c;;~b:h up. TI ·H~ dr:~Jnag~-:~ I~Jas done b<:lck in l·:he Smallwood era.
The cost of SHJallwood 1 s Fool.ishness i.s now t-.hrc>. sales tax. The sales tax that we pay ever·y day of 12 per cent can i:iJl be laid at the door of the former administration . Tt would be very easy to argue that and very hard to disprove it. ~~0 , t~ U r:H' y t: -Llile HI('!Tn~lE! r S p t:-1 y t h l:~ "i.r· 12 p8r CE:Hlt, thE:~Y are not paying -i. I~ to C l. y d !-:' , 1·: hE:~ y 11 r· 1,~ p ;:~ y .. i. n g i. 1: bE~c~u5e of JoE:!y .. Of cour·se, I shudd1:n· l:o i·:l·dnk IAJhdl: IAJOiiJ.d hapfH~n :if Si:J.Y :.oru~d ·jrnf:! ·.in the,!
T '~' (,' n i: y · -F ·i. r· ~> l: c 1:~ n I: 1.1 r· y Ut e p t·) o p l. rc~ o 1- Newroun<.il.and !;hould EWc->.r· go back l:o U11-~ l.ibc•t'dl. f>;u ·l-.y br!Ci·lll~>~·:: ·i.l: IIJOU]d bE : just fiiOI''(-' of ·H1P SdfiW. MR. FFi-ORO : Mr· . Chc.l".i nuan . MR . CHATRMAN : r h (:~ h
C) n . Ul I;! Till::~ Ill b ~! r· f
C) r· p cH' 1: cl 1,' Gr·dve . !"1R . F.FFOfW : 1.3856 July 4-, 1988 Vol. XL Mr·. Chr.ti.t'lllrHl, T do no 1-. l'.:h i.nk T wi11 take up the ten minutE•s, but there is a point that the hon. gentleman for St. John 1 s North (Mr·. J. C<:H'h'!t') jus!-.: HIC\d~~ about the sa1es tax I find very i.ni:E~r·*~si::·i.ng bE~cause no gov~~r·n111E:!nt in this democracy CiHl opE•ratE! IJI :i. 1-: h 0 II 1·: i:l S d l. t'! S 1'". i·i X . ll '" :i. S V E! t' y unfortunate,~ that IJJe as a ProvincE' h d IJ (:~ 1·. o i.l rc:! I: h 1,~ h-i. g h t'! :; t. t d x e d percenliilge-wise in Canctda, and i ·. h i:\1" i. ~; b I'! c ;,, I I !) I·)
I) r d n u Til !:)f:! r· 0 F r· E~ i'.l sons . That j s I:H'! c au s t:' of (I u ,~ I·~COi"ll)llJ'i .c r:Oi'H'i'i .l:"i.Oi'l!) i.n l::hl'' P r· o v :i n n~ . AN l-ION . MFMRER : 111. b 1-~ r' "1: i:l d o l-:~ :; 11 o L h H v H iHl y . MR. F.FFOIW: A J be r t iii d o e s not rH:~ e d :i l.. , b u t t. h e y ·'' t' c:~ v E:' r· y f n r· 1:: u n ;_., t r,~ "' c u u p 1 e o f years ago to get the rE!Venue frorn HH~ () i. 1 rHl d h 0 p !':' f ul J. y s Ulfl(' d (:0( y I~Je may be in for that sall'IE! s :i.I::Ur.l t:i .un .
But 'i.f U1e ac 1:. i.ng Moi. n i. s t. ~~ r· of woul.d anst.~..IE!r it bri.ng s to tax situation Finance (Dr. Collins) l:hi:; quC!sti.on ·-a nd mind about the sales • o r 1 o n k a 1-: H1 .. i. s q u tc'! s t i. o n , IAH~ ,u · e co1lecttng 12 per cent which is a h i. g h p !':~ r· c E~ n 1:: .:t g e i:1 n d 1~1 e ~1ll. a g r· ('! e it js pr·obabl.y neCE!ssar·y to g:LvE• 1-. hI'' e s s c.~ n 1·. 'i. ''' l. s r,~ t'lJ ·i c t'' s I~ o d ;:·1 y IAH::- need :in the Province.
While we 1~10 1.11. d l."i. !U! 1:0 probabJ y :it is r~-~··l:dbl(! i:o flll 1: t::imE:!, but -t-hat :i.s C d l'l d ·j •; C II: ; ~; l. i·l 1·. r-:! r· . ~; H U 'i. ·1·. J. OIAH'! r', not eco11om:ical.Jy ·j 1: lOIAH'! r· r'"l 1·: L h ·i. ~- i'A rnat.:t:Pr thr.~t: IAIE:! My que sti on lo the ac ti ng M'i n:i ster· of Fi .nl:lnc: c,~ l:oda y "i.:; .:tbou l: 1:h c-~ l'l.i.gh proport :i on of I hat 12 per cent IJJh 'i.ch 1.~ t.rnl;oJ.l.c ~cl ·:e d . N ot Al, t th:i 1'1k j n 1986, there tJJa s someth ing 1i .b~ $13 rni .ll .i.c)n unco11.
Hcl ·:r?.d rnont:!Y in the Depar tment of Finance from s r:lle :; I: ax' o:ll'ld [ l'".lri. n k t l'ld t. has r-:i .SEHI sJ:i.ghtl.y. No. 67 R3856
Thf:~r ·~) •. 1r·e d c:orrp·l e oi- r·~:!.:\ !>01'1! > t~rhy. J th:ink :if you h'.tlk to sorllcc! of i·.hr· ) pc,'!)plu i.n U·Jc·) dc·)p;u·LnH'!nl:, t lrr:y say t.l-rr:r·e. cn ·c-: not · ~~nough a u d i 1: o r· :> i n UH ) d l'! p ;u · t m 1-:! n L L o d o ·1 h ~·· n e c E~ s s a r· y au d :i. t. :i rr g of t he s d l. c-.~:; 1: ;~ x r; o l. l c-) c: 1: i.o n r· t:' q u 'i. r· c,~ d cu·ou11d the Pr·ovincE:', and lAJe r-Jll krlOI.ll l·.hE! pt •oblt!ll1:; oi" iTdV:~ll_ ·i.ng ar·ourrd th~· : Pr·ovince of Nf'!r,~.Jf o r.1 nd l. and ''' nd 1.<'1 b r·dd or .
Rul:, rAJe i'llso h•'IVC :' l~o look al ~ l:.he f~ct if we had that amount of 1110nt'!Y Ln and l·:hi :d: HHHlC :'Y r .• rds collected by a retailer or whatever business, Lt was co1lec:ted and it 1.1.Jas not their's to s pend . T. t has not hi . n g I: o do with the p o J it i c s . The fair· fa c t is if a per son collects 12 per cent on any sa]es, it :is not his or· hl "!t' 1nonc~y or i:.he bus·in~~ s :;'~; rnorrE!Y so it s hou] d be:~ pa:i d di.r·~~r:t .J.y ·i.n. Whd t: (do no l: llnd er·:;l :.:lnd ·i.:; why , .... ,~) iH'e l'rot co ]] E:!ct.:. i ng the mo ne y .
The o t:h ~ t· l:h i.n g i :> ,,~.,hy an y fi .r·1n tJ.Jolll.d b(! aJ J 0 1.1J ~ d , IAI:i t h C1 pr ·o per· au dit, t~IO tt l.d be·~ al. l.ot.£JC~d l:o go iH ly l.o ng ~H' than two r11orri hs befor ·e they IJ.Jere c: d u 9 h -1. 11 p on H Ot.ll cr)lll d IJH) y 9 ~~ l: j tr i;(l"t·t ~ai"S of $100,000 or· $200,000? f~ ~>. c E.~ n t l. y , i: h :·:· r·,,~ t~r<:~ s o rll'! F·i. r·m ·i. n St. John's J know of which got ·in to ar't'f~i'lt'S of · some $£1.00, 000 .
Thett doE:•s no t: hauc ~~ happen unless ·t:h1·'ll r.H' e do i.ng a tnuc h rn on:l flo ud shir rg busi ness th an I ha ve bee n do L n g i. n the pas t , t. o 9 e t. ·.into arr·e ar s of $lJ .OO, 000 in RS T. P r· o b a b 1 y , l: he rn L n 'is 1: e r , i. n ans wering, can fo llow up that que st.'Lo n, seei .ng it t.l.l clS rai.se d by the ho n. memb er fo r St. John 's Nor·th? MR. J. CARTER : . . - Mr·. Chcdrman . I :1 R o:; 7 :r tJ J y 4 , :1 9 a a tJoJ X I ~1R. CIIATf~Mf'rf\1 : T h E:' h o n . .. .. __ me rn b e r· f o r· s t . J o h n ' ~' Nor·H1. MR. J.
CIHnFR: I cHI! not. as ld ng hon. gE:•ntlr:!men t.o l:i·1ke rny r~1c:wd for· ·i.l:. T clrrt suggesting a route th ey m:ight f:ind 1·. o b t-~ u :·:! r· y , «J e r· y -i. n 1: c,1 r· P s L i. n 9 . The rrH~mbr:!t' tAJho ju~;L Si :\1-. clotAll'l can go dolAJn to the DepartntE!I'tt of F .:i. n d n r: ~~ a n d s a y 1: u 1:. h c:! D E:! p u 1-: y , o r· Assistant Deputy MinistPr, thai: he wo ul. d l. -i. k e to h"' v r~ 1-. hE: ~ f L g tH' I'! s from 194·9 to the pres E!nt day, th~'! totdl expenditure and total revenue.
If he gets those figurE~s ·· dnd cons~ructs a graph he will find it UE!ry, uery instructive and ver·y~ VfH'Y -i.nl :tH 'l'!SI: 'i.ng. li t-) w i.J. l. ,::~1 s
c) f i. n d 1-. h <:~ t l n 1: h e ea rly days of Co nfed eration, Jet u:> s;::l y, ~Hl arno1 Jr1l ·. of $120 rnllli.on wa s s p ~ n t and onJ y $10 0 m:illion ,,,,.:, :> f: '" k c·~ n ·i n . T h 8 1' 1 t. h ,,~ v ~~ r· y n F.! x 1: year t he a mo un i. t a ken :i n g r· e a i: 1 y 0 X C: l·H~dcd UH ) ,Jnt Oit rH : l:hdt t.Ja :; spfHlt :ir1 the pr E;~ui o us yer.n ·, sc1 ii - wou]d h a «H ~ ~H :: f~ n tHH 'IJ I v c·~ r· y c·) H s y fo r· .;tn y se nsJ
b) e go uer nnt f'll1t l:o have b r·o1 tgh l: l:h o:;~ ) 1-1~1o l.i.n0.:>, or· l:ho se tlAJ O cur u e s j n to 1 in e . It is j us t I i·1!) fi .\t' o'l:> T ··lfll C:OtiC:t·)t'l'll~:d. 1-:rrlg i.e that they did not . Therefore, I say, the amount we pay as sale s t~x is rough ly the amount of money required to s E! r· v ·i. c e o tJY' p r· E~ sen 1-. d H b t. I l. a r· g ~~ as it is, and it can bE• 1.aid at. l:he door · qf Lhe for'I TlE:1r administration.
They are re sponsible For it . 1 o n 1 y h o p <·~ 1: h e g e n c;! r· a 1 p ll b 1. l gets to und erst an d this, that each t·.i.m ~~ they pc:ly l:hdl ~ 1.2 FH ?.r cen t:, they are reall y paying it as a p c·H l r.ll 1'. y f o r· h .::~ v i. n g ~~ J. e c: 1: C:' d , a n d I<C:lpt eJected, a Li beral gove rmuent ror· ~;() l.I)J'lg . Thi ·ll: i.:) i·l fi:lc l:, i·lS No . 6 7 R3ar:,'J
• plain as the nose on your f~ce. DR. COLL1NS: Mr' . Chairman. MR . CHAIRMAN: T hI'! h on . t he M i. n.L s hn' o f He i'.lll: h . DR. COI .. UNS : Mr·. Cha:.ir·man, just to anstJ.Jer a fE:~W oF l:he que s 1-. i.o n s . Th1~ tll<~lrlbE:H' f ot' GCinc:h:.~r (Mr·. RakE:~r·) IAIOnclerE:!d about IJJh r:.~ the r·· i: hE:~ dlflO u rll:. 1.11'11.1 ~; E!d f r· 0111 lct~;i· yet:n·'s Joan b:.iJJ :is st:llJ .:\Uo'li.l dbl .e l~o golJI'!t'rlTIH>.ni:? ThHn hr ·) coupJ~ ·~d thai tAdt ·h, tJJhHt: ctbout t·hp aJno u n L ~; f r' o rn p t' r,11J i. o 11 ~; y r-) •'1 r· s 11 r111 !; ~) d fr·oru ·H10SP loc-..tr1 b:iJJs?
Thf) iH1SIJJf'1t' to Ul.-\1 : ·i.~;. no, ·i.·L ·1.~; 11ot aucLilclbJ~~. Once a I'IE~W loan b-ill i.~ ; brollghL in, UH) pr'~)IJ·i .OIJ~; locll'l b:.iJJ aut"hor·:ity Jclpsc->.s, so jf l:fl~)t'l ·~ i~; o:lr1 l.lrJIISE:1cl o'lnlOI.II'li·, l.:h,,\1: cliTtOUtTl :J s not auailabJ E:!. As we were discussing Adrlier, dbout $1Sl .l mllJ:ion froru last year's loan bill. IAJi.l.l. tlOIAI l.dp~>H 'i.f:- IJ.IH pass lhls pHrt:.icular loan bill. HE:' ClskE!d also what were the shor"t-hH'Ifl Htoni.~~s auatl.c:·d:ll.E~ a+: f::l·w end of the f:iscal year. I haue checked that out.
Tt sounds as though there was a Jot of money aucl ,i.ldble, but i.n ro1ctual. fdct, i.F you Jook c-.d_ Jt, thE!re was not. Ther·c~ IJ.Jas r:lboul-. $300 rn-i .l.l. "i.on CluaJlabJe at the end of March, 1.988 bul-. i.n r:'ICtUr:'\1 facl ·., 'i.f hJI,~ h.:-1d ned borTOIAIE:!d Jn the Japanese lfldt'kl,'i:, IJ.JE• IJ.Il)IJl.d l'lOIAJ b1-) l)l'!t'y, uer•y clo~;p to sct"i'.lp:ing the botl.oru of UH) I:>•H'r'nl ..
Tn ol ·.hE!t' IJ.JOt'd•;, 11lOS 1: of t hc-l'l rnoi'IE~y hcu; now bEO!etl dr·atAJn dcmm '"~' go,Jet'l'lTill'!l'l 1: opnt'o:\1: ion~; c.ont:i nued ouE~l" thP pcud. fl~n"".i 1, M;,,y, .fiJI'll·:!, gel:l·.·i.ng ·i.nl·.o .T11ly, o1Jet' the J ast l.hn~e and a l:ri t nlonths. :1o H11;! bor·r·ow·i .ng ·i.n J;.'lpiHl I'IE:!Ce~;SiH'Y to i<PC,!FJ i:JhE:~clC~, Clnd sorne Jfl<Hwy in 1-.1-H;! i .... i.ll.. N0111, IJ.
J .:\ ~; keep l:h ·i_s 1.3 8 58 July 4, 1988 Vo] XL. rnonr~y drH:1S not l i ~~ dN·ld, of course, as the hon . member i.ndi.cdt:lo!d, ·i.t i.!; pul: i.nto short-term investments, so tJJhat we P'-"Y ou+·. 'in intr~r·r:!st by hau·ing balances in our fauour, we get back by investing those balances and they pretty well euen each o thE:1t' oul~. On l.:he exr:h<:1ngc-:~ mdLtc~r' .i.l·:sr->.J.F, as the han. rnE•rnber for St. John's 1\J o t' l·. h (r~ r· . J . Cat' IE >. r' ) 'i. n d i c a +. H d , that IAJc..ls a stJ..Jap al"rangE:!ITH:Hlt.
ThE! pr· ·i.nci .p;:~l. •Hld i".he ·i.nh,~l"e!;l: IAJ.:ill . bE:1 r'E:1petyetb1e in C<:lnad:ian dol J aJ"S. So I;.Jc·) ;~r ·n pr·o ·l:t~ci:Hd i-r·on1 l:hi .'l'l: po ·i.nt. of uiE:~IAJ, :.i.f you ward to put :it- Uldl: IJ.Ji."1'j You can cU" g tH! abo u t Ud. s i'l J ] d d y 1 0 1'1 g . '(I) 1.1 C: d n t:' i. i: h f'! t' g 0 i-0 t' 1-JH,' protE!Ction and, if E~xchangE! r·at.E:'S lllOIH~~; ;_~g ... 1·insL you, ·il: tJ.k\S i."1 good moue. But if you go for the pr·ol·ycl".'i.on e~nd UH:!y lllOU~~ fl)t' you, you were silly.
On the other hrHlcl, :i.F you do nol·: bui. l,d .. i.n l.:he protection by doing a swap and t. h o ~; <:' I:I~Jo c 'i. r' c urns t. c\ n c ~=! s happen , you can either gain or loSE!. So, i.t is just a judgHHH1t. call., IAJiri.ch way you go on this thing. In regard to short-term exchange r' d 1-. e , y f~ s , 1 ... h <::• r' e lAW I"~~ !> 01 n e short-term exchange contracts fH11-.Pt'l::'cl ·i.nl-:o because t.hor'r! ll.Jas abou t a two week pedod to p1~ ·t in pl .. :-l ,:1:~ l:he borrmui.ng -:m d l:ht:1 SIAi ap. So there wa s a tw o w ee k perjod Hli -1l ·. h. :H I '1-
c) br·) c:c)IJ0.f"~~d by f:'!><t: hangP. contrac ts. Rul there was no nJOIJI·)IIll'!l'll . i.n LhH yc-:~i 'l dncl dollar dur·ing that t:imE:'. C.:-lnr,\d i dl'l ~)o 'LhE~Y IJJC!t'l'! j11~;l: I· hI<! t' ,.~ ;,19 ;,, i n "'s d IAICIS of pr·otect :i ue mE~chan:i sm. Ther·~,~ i'1 0 I. 0 !; s
I) t' 9 i'l i 1'1 i·1 ~; i:\ t' I'! s I I 1 I~ that two tAWek pPriod. On l:l11·:! ~;;~l .E!~; l:.'lx Jllr'II:LHr', l 1-.h ·i.nk one thJng rnany pE!Op] E•, IJ.JhE!II they ·i.l~ ·i. ~; $13 rrri.l.l. ion OIJ.Ji . ng on t'U l·:i."\ i.l. No. 67 R38f:)8
~al.C::~S t .. :lx, do ned: t'l-~llf< ,~llrber· i.s l:hal : :i.f you go to i:l.ny Ji:tr'gf~ business jn this Ci .l-.y <.Hld yott s.~y, 1 1)1H~~; HnyonP OIUE:! you any ntont:~y? 1 Tl·wy 1.11 i_l.l. ~; 1.'1 y , 1 '/::~ ~; , I~JC~ cH' !·) 01.11!-:~ cl :~ /. ru:i 11 :i on o I'" $3 m:i l J Jon or· $ S 1rrill.i.on 1 <H' t.llhi ·11:~)ll!' !t' ·ir: i!;. rn o t ), c~ ,.. IAIOI' · d ~; , d n y ~: j :tea b J e b u s :i n e s s hds i:o IVIl)l·~ .~~ 1:1 ·)1"1 :;-\"i.n dlllOtHll: of ou ·l s"l.etrtd:i ng i~ccounts on Lhe b 0
I) k :; . '(
I) I I C ,·q rl 1"1 {) '1-. C
I) rl d It 1; 1: bu ~drwss :in th:i!; dclY and agE~ on a dd ·i.l.y cdsh bdsi .!;. ll: i.s jt.tsl : nor-. pas s:ibJ E:'. So there cu·e OIJtSJ-:dnding i:\TTIOI.Inl ·:s. nncl, of r.our·se, goVE:!r·nment. :.i.s lhe bjggE:'st, by far· ,:HH:I dtJ.Jr'lY, by far·, f;,n· ·Hlcl aL~Ja y ·the big g <,~ s t b u s i m' s s i n t. he Pr·ou i.ncE:~, sornwth·i.ng i.n UH~ ot'df:H' of $3 billion a year. The other businesses in lhe Province r:1re picayune and midgets compared to l:he busi.nE~ss gouet·mn<~nt. c.:1r·r·i .E!S out..
So having $13 rni11ion as a coni-. i.nu i.ng outs 1-:r:lnd i.ng amount: on OUI'' books is qu::i te smaJ J. The fact it .is r·c:!mairdng at $13 111il.l.i.on r'lncl i~; not: gr'OIAt ·i.ng mc,,;qn~; thE-H 'C-~ js i:i cont :inual flow--:.in of I: •. ~XE)~; .:tnd noL '" bu· i.l.d ·ttp of unr·c-!m:i ·U E~d taxE~:.. T. L h i. n k 1: h u ~; H 1.•1!,~ r· 1-~ mo s 1: of 1:11 e q IJ('! ~;t . :i. 01'1 , M r· . S p E:1 d k e I" . 0 h , y E> S , n n H l i:\ ~; 1-. 1: h ·i. n g . l '" 9 r· 1,, 1:• IJ.I'i . 1: h 1-. h ~) hon. ntE~nthPr· for· St.. John 1 s Nor·th (r-'lr·. J.
C.:~r·h~t·) l:h£:11: i:\ 1.ol : or ()Itt' :in dE-~ b l". e d n e s !; now can be put at l: hE:' door· of p i:1 s t ''' d rwi . n ·i_ ~; 1: r· d 1: i.o n :; , b 11 1: I think tAH'! i-..t]so hc~d to r·c,!mE~rnbC:H' that borrow ing hds been ~ Cdni:1d·i.sn phE:~norrwnd. EVE!ry prov:i ncH, and this includes t.he ft ':der·a1 gouc;H'nureni~, .in !:he:~ last ten or f.ifteen years haVE! gorll'! on a bor't'OIAri.ng i::t'lHld. NotJ.J, tAle cou1d have buckE:'d l:hat tr'E!nd. But c..:tn you i.rrlag ·inf:! hotAJ l:.hE~ NC:!wfoundland and Labrador pr·ou i.nci.al gover ·nlilt!i'll: . would bt'!
Jctmbasted :if we said no when other 1.'31 3")9 .f l.ll 'j I~ , 1 9 I) /l Vol . X I . C•HJdd ·i.i\1'1 pt'O'.! i.nc( '!S dt'1 :: bor-rowing and bujldirtg hospitals and r·oad s ·~ n d :; c h o o l ~; ''' n d IJ.I h ''' 1-: 1-~ 1; 1·': t' , b u 1·: 1 T h P I\IE:~IArfoundJ and GovE:n·nrnt:'nt t.uj J 1 not. b wi l d i:l !; dw o 1. , tJ.r i.l 1. no 1: b ll'i.l. cl "' r·oad, t..u:ill not build a hosp :ita1! ~·J1,! i:lt'l·~ go i.ng l:o knc·)p ULII' books ·in b r..t1 an c e ! 1 1\1 ow, j f e u C:: r· y b o cl y lAIR s doi .ng ·Lhi·\1·. yot .l Ci-\1'1 91'!1". o,\l~li"\Y llli.l ::h :it.
Tf tht:' IAJhole tAJOJ"]d :is go:Lng Lhe oUHH' IJ.J< :~y, yo11 1:.:~nnol· . 91':1· dtAidY t..u:i-l:.h ::i.t. So part of our Jndebtedness :is p.:-~r·i": of l:h(~ Ci ;1nr: ·lrl i.an phc'•nolllE:!rld and the Canadian phenomena in the 1a st c o u p 1. e of y o i:H' s i. s b e g i. nrl'i. n g 1-. o turn around becauSE! it i.s realiZE!d - you cannot go on wi th phenomena forever. You IALi.ll t.hat. just conH~ l:o a br·eak i.ng po i.nt. .
We clre now in a cycl.lcal. phase where we wi1l be getting out of i .. _hat . bot·r·ot~Ji.ng fr','1rrlt~ of 1ni.nd, <.-Hlcl I think over the next ten year s or so IJ.Jt~ IJ.J.i.1 .l f:i.nd l:hat: UHH'~ :· i.s not: a bu:ild -up of debt we have seen Jn 1: h (: 1.. :~ s 1: 1-. H n y c,, "'r· s . () s a rlld t-·. 1-:. ''! r· of fact, hopefully t.~.te wiJJ S<c~E~ •.P'"' c1 1 1 •·1l. 1. y r ,:,1.1. o F r . I ruove thE:: r·eso] ut:.i on . MR. Wti..LS: r-~r· . Chd oi. r'trti.·l n . MR. CHAIRMr.tN : The hon . the Leadc->.r of l he Oppo s'ii: i.on . MR.
WEL LS : There are a couple of things I tAJan ted l·o addr HSS, one <)r t. ht ~ttn tAJdS the si lly, facetious remarks of Lhe hon. memb er· for Sl :. Jo hn 1 s North, mor e recently adopted by the hon . M·i.rl'i. shH' of Health . Everybody knows that it i s the norJ u.:tl u1P-t hod of oper•a1 -. i.on fo r th~ hon. member for St. John 1 s North l-.o nld kc~ pr·ovocatiuE! l\lo . {, 7 1.: he sf ~ rema1nks. Fac<:!l· : i.ous, That is t.he rna 1)9
tAJi'l.Y hE:> nor·mf1lly operr1tes . MR. J. CARTFR: () po-i.ni· . oF <H'ci~H', Mt'. Ch.:l"i .r'llli.Hl. MR. CHIHRM()N: A point of order, the han. the m<-:nnber for' St. John 1 s Nor' Lh. MR. J. C()RTER: I clfll not going to sit quietly by dnd l.isl·:en to thi :lt .. Th(~ poi .nl: i.s that tAJhen we go·l ~ into gouer'nrnent i.n l9'72 l::hE:~ diiiOI.Il1i·. l~JE! hdd l·.o bor·r'OIAJ th<:li:. yE:~iH' tAJas aJutost PXI\ICI-.l.y L~t:jU<'Il. l·.o l·:h~) .:-\0101.11"11 : l!l!-) hr.ld -t-o pi:ly out :in ::i n1 EH'est payiTIE:!nts. i\Jot!J, 1.1Jhai: T s.:-l·i.d iHld ~~thi·ll·.
T dill st· .iJl ntcdrdaJ.rdng :i!: if 1.1..1e hi-.ld n 1-:~ t)!;! t' I:) o t-r- ot!ll ·~ cl , .. u 1 d ·i. r 1: h c,~ ~~rni'l.llt~o.tood r·eg:irn c-~ had neuE:~r ben· t' Ol!ll-:! rl , 1: h c-:! n we·) '' I. i 1.1 . I!JO 111. d no i·. hrwe t.o bor-r-otAJ.
WE:' couJd bulJ.d ..-111. i:he r'oi-\d!; and dl.l. l:hc·) h o s p :i. t. a J s and a J J the i n f r· i.-l s I: t' 1.1 c: t 1 1 r e i . h ;~ 1: I.ll e-:! c:l :i. cl b 1 J · i. 1. rl but tAlE-' .lAtouJ d not hauE:~ to borrow, b~:!C<:\USCc~ i.ht:! borTOIJJi .ng l:hi :ll: l!lf:~ d "i_c:l do tAtas just enough to touer the dlflOt .lnl·. of our· :i.nh>.r'PSI- .. ~-Jell. not.~..J, of coutnSE:!, if anything, I suppose, 1.1.1e hduc~ pE!dl•'lPS come e~hec:td. Wf:! do not: hf..1Ue to borrow as much as t..ue pay out i.n Lnl:ere:~st. Our sal.E:~s tax J.ooks afLer that, thanks to Uw I. i. b e r' r.\ 1 g o v e r· n m t-Hl t. .
MR. CHA[RMAN : To thal: point of orde:~r, there is no po'i. n l·: oF or·d<~r'. The hon. !':he I.e,~ i·ld e-:• t' or l:ht-:! Oppos:i t ~ion. r'IR. WEI.I.. S : ThPI"P IIE·!UE:~I" :i ~;, MJ" . Chr .d l"fltiHl . r-1r·. Cha:i.I"ITii:Ht, tlw s:irnplE:' tr·uth of i-.1-w llli :l-l:h~r· i,!; 1-.hdl : dtH "i.ng Uw~;e,' .Y (·! iH' S ltlh E·~ 1"1 !: lHII!> IJ..JE:' r· E·! bo I" r' OIAJE:HJ i'..l 1'1 d 1:hc:Jy l!ll'!t '
f) l-i 'l·ir •ly s"i.gn·i .f·i_c:;:tt\1: Slllll~;, attd T pPI"SOI'Ii'!J.J y tJ..tas CHI(~ of thE:' 1.3B 60 July fl., 1.913 8 Vo 1 X I. critics of the s:ize of the bor·r·otAr"i.n':!J dl: i·.hc.-:~ 1-. 'i. m~~ dnd ur·g~:,d caution. But in fact, Mr. Chd"i.t'HliHl, l::lri.s Pr'ou·i .nC('! and I~Jhal:. it is today was built during those Y~hH'S. lilh~ SdiAJ SOTII~~Lh"i.ng for' l:hr,~ expenditure of the funds. The difference is in the J.ast nine y ~?. a r s t,~J(,~ h d v e b o (:! n seeing nothing for noLhi.ng r'~?.Hl1 .y, no etddj tions to the bOt'Y'OIAJ i.ng it. TherE! s"i.gni .fi.canl:.
ProvincE:~. and =i s rlHIAJ No ·;·i.gn.i .F:icdnl: nr-~IAJ r'oads, no significant new hospitals havE:' I:JHen ;:~c:h ·i.f'!l)E!r.l 1·i.J<C:! l:hPt 'E ! h. ·~d bl "!('!rl in thosE:~ earJ:iE:~r .YE:~drs . That ~Ls !:he d ·i.ff,·~r'f:!nc:e, ~1r. Chi :1oi.r'Hlan. AN HON . MFrJIBFR : Cos 1·. plus. Mf~. Wfti..S : Cost p] us, or hotJJE.>UEH' ::it tAJi.~s donE:!, IAH) S ;:)I AI 1: h c-) t' I·) S Ill.·! ·.!; . Ito]{,~ h d c:l d S ~;Ed: S i n t· h i s P r· o v i n c e a s r..t r· E! ~; u l t. of U1f:' bor't'OIJJi .ng . ·nw~;r'! yf=!•:H'S "i.t has been borrowed r..tnd wasted , Mr.
Ch.:-l-.i.t'llkHl, and 1-.h.:-~ ·1: i.s i::he difference. SOME HON. MEMBERS : H f~ a r· , h e <'It' ! MR . WElLS: People would also remember what t he s a 1 c~ s ~~a x r d b ~ lAid s i. n 1 9 '7 l . What was the sales tax rate in 1.9'71.? :1·i.x fH~r'c:Hnl ·: or · Sl'!V(:!n pE!rcent., tAJhiJ.e today it is 12 pC:!t'c:c,~nl ··., Mr·. Chd ·i.r'lllo:ln. Do not overlook those th::ings, Mr. C h i•\ "i, t'I(Ji :lrl . I 0
C) k i·\ 1: I:JH:! Cc' )( h·Hl l: () f the borrowing today. I .
C) C) !( d 1: I: he·) r ;~ ( 1-. 1-h i:l l. C) 1.1 t' cl i. r' e c 1:: pub1::i .t debt . l::oclay. wh(-:!n you rnake i:\1.1 C)IJJiHl C P f
C) t' 1: hI·~ $9 7 '/ I(] "i.J .J·j
C) rl l~ll '' 1·1auc->. ~in s:J.nl<:ing fund!> to go 0:19 '" i. n ·; I· !· he c:l i. t' f! c: 1-. f> t' o tJ :i. n r: i. ,., 1 dE:~b ·l:, :in thE:. n::in< ,~ yecli"S of l-h::is ;~ c:lrni .n ·i.sl :r'i'li ·.·ion, l·h~-~ pttblic: df =!b+-. has nE~iH'] y daub] Pd, fr·ont $1. 6 No. 6'7 :nar;o
bj]Jion to $3.1 biJljon net cLirect pr·oul.nc i.al gouer·rnnerd~ dc,~bt, ·:Hid IJ.Jt=! hC~ue got ujrtually nothJng to show fc)r' "i.l: . T'hi.-1i: "i.~; l:he diff~:~r·t~ncr:', Mt". Cha:i .J"man. WI1E~n tha·t hon. gE>.nt]E.mtan stetnds up 1: o Jlli:l !u~ Uw ~; c·~ ~> i. ll. y , f>r' o lJ o c i:l L ·i.t.J c~ t··c·!TIICJ.r·l<s, ~:on1E:~body has go·t: to br·Jng h ·im l:o l·;.1s k i·lnd cot't't-:!t l·. h"i.rn i.'tnc:l C:Cll"t'E'C:t "l"hE'! ii'ICOt'I"PCt ~d .. d·h~rtiE:!I'lt. Mr·. Ch.d .r·nt<-11'1 1 U·w o 11-wr· Ut ·i.illd T I dO U J d J :.i i<E~ t 0 f..l d d r· E'. S S t 0 t h Co:! r.Jt ·i.ni.sh,~r· of Ht:'dl.Hl (Dt·.
Colli.ns)~ t.uhu :is standing in for the M t n i. s L C:.! r· of F i. n a n c H ( M t' . W .i n d s o r· ) o rt thE:' mat u~ r is I J under s tan d his rHH! d f o r· a rrH ~ a s t.tr' ~"- o f fl. 1,~ x "i. b i 1 i 1:: y to a] low hj nt to barTow tJJhen the 1·: i.trt i.ng i.s oppor+:unE!, l·.:o r·eplac:.:~ funds that may come due in Novetnber·, ~w rnay hdVE'! to bor·r·otAI i.n SepternbeJ". I can understand that.. Au ·t-: to~.Jo 111 d i. 1-: no t b c,~ p t' e f ~H' a b l. e , :instE>.ad of having The Financial (I d tn l. n -i. s t-:r· r.1 I~ ·i. o n (I c 1-.
F)(-:! r· trl'i. t. re bor-rot.~od ng of s urns us E!d t..o repay ex i. s i: i. n g "i. n d :·>. b 1: r->. d n t:~ ~; s I 1-: o t' c,, 1.1 s 1-:' t hcd aut.hor·:ity to bor-rot.~ol, t..t.Jou]d nol : HlH sy•;l·.~,~m IAIOt'k bf'!l:f:r.~r· ·i.r lhe F:inanc:iaJ Fldrtt:itt:istrat:ion Flci: c: n n 1: !'! 111 p l...1 l:c:! cl Ut <:\ I: I H~ 1~1 o 1 1l. d h ;., lJ 1-:' 1: o bor-r-Oill rHid he pl c-Hli'IE:!d h:i ~; bor·r·ol~l i. ng "i. n h~to lo 1: ~; iHlr'l he-~ •JO 1: +he-! c:llJ"l.hor·:j t· y for· oach year· ctnd hH d·id nol: st:!(:!k l·.o t'c·~Jtsc-~ Uldl ·. aul hOI":i"l y?
T t h:i nl< the affairs of I. he-~ Pr·ov i.t'lCf! 1~10111 c:l be be-~ Lh:!t' iHJcl rt1cH'P. E'asj J y rrti.HtagPd, and thE:! 9 0 rl t~ t' r•l J. p II b 1. 'i. C 1~10 1.11. cl b 1:' ·j_ i'1 I:J C·~ 1: ·I:(! t' c:ontr·o1 of ·t-he borr·otJJ:i ng power of Uw p r· () v ·i. n c ~~ i. r i 1: 1~)(:! r· (o! d () n I'! ·i. n thdt wcty. I undE:~rstand in the pr'F!S~>.nt ci.t'CLIIHSI:.clTICE:~<; the rJf:!to!d 1:.0 have the additional stability. I do not knou1 t:hr:lt Uw goVf!t'nrrrc~nl: neE>.ds $160 million worth of f 1 (.;! X i. b i. 1. i. 1.: Y b U t 1-. h r:'l t. i. S I~ I h d 1:·. i. S there.
I 3 861 July 4-, 1.988 Vol XI This bill would give th e governm ent , by the end of th is curreni : fiscaJ year, $160 million !) f S II T' pl. ll S b!) T' T' ()I;.J i. n g ,J 1.1 i: h 0 r• ·i. i: y rot n d thai - is rea] ly unn ecessar y . I SIJ99I<!SI : l,1H :! sholtl.c:l i:o-1b~ ·~·l J.ook r:d: artJE!t'Jdj ng ThP F:i nanc.i a] rtdtrri.ni.~;l:r·; .ll:·i.on (lei <'tnc:l t-.o ctuthor·:izE>. the spc,,cjf:ic boJ"I"OIAI'ing 1-.hi,ll-. ·i,!; to b1,~ clorw ·in ::•r'lt:h yer:H', :instE~ad of hauJng lh·is ho1d --·OUE'~l". rh;lnk yotl' r·~r·. Ch.d.t'lfliHl . r-11~. CHATRMAN: Shi'