June 26, 1980 (32nd Parliament, 1st Session)


Pauline Jewett

New Democratic Party

Miss Pauline Jewett (New Westminster-Coquitlam):

Madam Speaker, I have a question for the Minister of Industry, Trade and Commerce concerning capital assistance grants and loans currently being given to Valleyfield Chemical Products Corporation, a wholly-owned subsidiary of Space Research Corporation.
Was the Department of Industry, Trade and Commerce not aware of the RCMP investigation into Space Research Corporation's activities in illegally shipping arms to South Africa at the time it made its $5.3 million loan and its $3 million grant to SRC's Valleyfield operation? Can the minister tell us, further, whether the loan is still outstanding and whether the grant has been terminated?

Subtopic:   INDUSTRY
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