Mr. Chair, there were two questions. I'll take them in turn, if I may.
First, I'll just clarify, and it's been an important part of the discussion throughout the day: Our loan is to BC Ferries, clearly. Our contractual relationship is with BC Ferries. However, most importantly, the benefits of our loan also flow through BC Ferries to the users of the service. We are not subsidizing a foreign entity.
The best analogy I can give you is if, Mr. Chair, you were buying a new house and you agreed to buy it for $100, and then I made you a loan, an interest-free loan, and I asked you who got the benefit of the interest-free loan. Was it you or the person selling the house? The answer would be you. The beneficiary is the person receiving the loan. The benefit of our loan goes straight to the riders, the users of the service, by keeping the service more affordable and clean.