Mr. Noel Merrick:

Leases, licences and property are ultimately the responsibility of the board. They are a reserved function of the board. The finance committee has taken a particular interest in all of these licences and leases and is systematically beginning to go through them. Particularly at renewal time or if there is a new lease, they are examined in detail by the finance committee, which makes a recommendation to the board. The board must then make its own decision because it is the ultimate authority.