Ministerial
Statement
Tourism,
Culture and Recreation
by
Sandra Kelly
December
16, 1997
Department's Response to Auditor
General's Report
Mr. Speaker;
Today I rise to honour a commitment I made in the House earlier this year to table my department's response to the special audit of the former Cabot Corporation. The audit reported on the Cabot Corporation for the period 1992 - 1995, before the Corporation was under the direction and control of government.
As my honourable colleagues are aware, the Corporation was run by an independent Board of Directors during that time period. Representatives of the former Board prepared a response to the Auditor General's report and released it publicly earlier this year. The report being tabled today contains a summary of that response for the public record. In addition, the Department's response clarifies the issues which were within the Department's jurisdiction.
Mr. Speaker;
Given Cabot's independent status at the time, its Board of Directors was responsible for adopting and implementing reasonable financial and other corporate policies. The results of the Cabot year clearly demonstrate that the overall expenditure was effective and achieved the pre-determined goals.
Mr. Speaker;
I would like to use this opportunity to publicly thank the former Board of Directors for their work. These dedicated men and women completed an enormous amount of planning which provided the basis for the events in 1997.
Mr. Speaker;
I think that it is only now, as we have seen for ourselves the enormity of the Cabot events, that we can truly appreciate the amount of planning that was required to implement such an event - and implement it as successfully as we did. This is the first time in our history that we had ever proposed such a monumental tourism initiative. In the end, the Cabot Celebrations proved successful. It proved to be an investment in Newfoundland and Labrador, its economy and its people. I am proud to have been a part of it.
Thank you.
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