March 12, 1979 (30th Parliament, 4th Session)

LIB

John (Jack) Henry Horner (Minister of Industry, Trade and Commerce)

Liberal

Hon. Jack H. Horner (Minister of Industry, Trade and Commerce):

In so far as the Department of Industry, Trade and Commerce is concerned: assistance given to Space Research Corporation and its affiliates by the Department of Industry, Trade and Commerce under the Defence Industry Productivity Program (DIP) is as per the table below.
DIP * Approvals and *'Expenditures Type of
Assistance Prior Years 1977/78 1978/79
Valleyfield Chemical Products
Approvals
Expenditures
Space Research Corporation
Approvals
Expenditures
Contribution
830,000
Contribution 621,752
8.325.000 - 5,036,840 2,455,660
1.500.000 -
118,747 1,118,252

March 12, 1979
Points of Order DIP 'Approvals and ''Expenditures
Type of Assistance Prior Years 1977/78 1978/79
**'Shefford Electronics
Approvals
Expenditures Grant 32,107 - -Loan 32,107 - -Total Approvals 830,000 9,825,000 Expenditures 685,966 5,155,587 3,573,912* As Approved by Treasury Board ** Expenditures to February 28, 1979
'"Shefford Electronics took over the assets of Beaconing Optical including the
contract for the equipment towards which the Department of Industry, Trade and Commerce had provided assistance.

Topic:   SPACE RESEARCH CORPORATION
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