 Where as is provided by section 61, 65, 1 of the Public Finance Management Act, cap 15.01 the act, that the Minister of Finance, me, but I am a fuller dissolution of parliament, grant a guarantee in accordance with an enactment. And whereas it is further provided on section 69, 2 of the act, that a guarantee issued by the government or contingent law be educated by the government in accordance with the regulations under the act and in accordance with other enactments shall be charged on and paid out of the consolidated fund. And whereas it is provided, section 21, 1 of the National Lottery Authority Act, cap 13.20, that is the approval of parliament the government may guarantee in such a manner and in such conditions as it may think fit the repayment of principal and the payment of interest and other charges in respect of any borrowing by National Lottery Authority. And whereas the Minister of Finance consider is necessary to guarantee an amount of easy $80 million the loan from the first National Bank's initial limited the bank to the National Lottery Authority to assist the financing of youth and sports infrastructure programme. And whereas the loan is payable in 15 years in manual payments of $3,571,993.78 inclusive of interest at a rate of 4% per annum for the term of the loan. We deserve that parliament of arises the Minister of Finance to guarantee amount of easy $80 million the loan from the first National Bank's initial limited the bank to the National Lottery Authority to assist the financing of youth and sports infrastructure programme. We resolved that the loan is payable in 15 years in manual payments of $3,571,993.78 inclusive of interest at a rate of 4% per annum. Mr Speaker, I want to make it clear that the government is giving the National Lottery Authority a guarantee because of the Public Finance Management Act and it is considered a contingent liability on the government. But the government is not responsible to pay that loan back unless the National Lottery Association falters. I want to make it clear that contrary to what was being spread yesterday the government is not borrowing the $80 million but it is guaranteeing the $80 million for the National Lottery Association Authority and if the National Lottery Authority cannot pay then the government takes on the repayment of the loan. But Mr Speaker, but Mr Speaker, repayment in full, you know why? Because the National Lottery Association has its own revenue stream and from that revenue stream the loans are repaid. So we are not taking anything away. But what are we doing? What will that money be used for Mr Speaker? It will be used one to get the grants ready for Cricket World Cup. ICC Cricket World Cup Mr Speaker. Mr Speaker, the Ministry of Tourism will outline to you how the ticket sales because the Ministry of Tourism must not have to tell you. My picture is still there. I am the one who opened that hotel here. But now they must take out the thing. I was the Minister of Tourism opened the hotel. Those are better days. So Mr Speaker, every hotel room in Saint Lucia has been sold for June for Cricket World Cup Mr Speaker. Plus the fact that that money is going to be used to upgrade the Darren Sami Cricket Ground which needs upgrading. It needs maintenance. There is work. No work has been done in the pitch on the playing surface for a long time. For a long while we are going to be using some of the money to do it. We are going to be using some of that money to upgrade the grossly playing field. And if you go to there in the place that you said was only good for demonstrations, you will see that the Mindu Field Park is being renovated. As we speak the roof is off. The roof on the place where it is down Mr Speaker. And one, two, three of the stands have already been constructed. One, two, three have already been rebuilt. They allowed the Mindu Field Park to ruin, to affect me. They left it in ruins. They didn't do anything with it because they thought they would affect me and the doctrine would avoid Mr Speaker. They allowed it to stay. A ground that has history. Mindu Field Park has history Mr Speaker. They allowed it to just go into. Just leave it and rotten. The martial grounds Mr Speaker. Allow it again. They just never touched it. I spent a million dollars. We spent between the SSDF and the Ministry of Sports to repair the martial grounds Mr Speaker. I must say and to resurface it completely We visited them. We put lights in them Mr Speaker in the Mindu Field Park. I must say it was vandalized Mr Speaker. And I have said to my constituents I have zero tolerance towards vandalism and criminality. I don't meet them in back meetings. Tell them one thing and something like that. I don't do that. They know me. They know exactly where I am coming from. They have re-elected me six times because they know exactly where I am coming from. I speak the truth to them. They trust me and I trust them. When they falter I tell them they falter you wrong. And I have said to them they wrong because they ought not to damage the martial grounds. And we are going to be repairing the stance on the martial grounds and I have said that there will be zero tolerance for vandalism on the martial grounds so that money will be used to redo the Mindu Field Park because it will be used as a practice ground. That money will be used to repair because you might hear in a while eighty million dollars for sports facilities. Mr Speaker, there was a fellow called Locker Bee and we came in this honorable house and we borrowed thirty-two million dollars that the Mindu Field Park was in the field. Thirty-two million dollars. The last thing I heard about Locker Bee is that he was having massive gardens. Massa... Manifold is very full to the ready. Madison Square Gardens. So they borrowed thirty-two million dollars. Now, the only one I've seen and correct me if I'm wrong. Correct me if I'm wrong. Artificial tooth. Putting cricketers in problems because cricketers can't get anywhere to play. And I saw artificial teeth in the area. And artificial teeth in the area. Thirty-two million dollars. If there was more, I would like to find... This eighty million dollars will be used to prepare St. Lucia for the World Cup and there are other countries in the region who have borrowed in excess of a hundred and twenty million dollars only for the World Cup. So, Mr Speaker, this is going to be paid from the revenue stream from the National Lottery Association, Mr Speaker because when the Darren Sammy grounds are repaired, they will have matches there. In fact, what's the next door? There's the CPL program, the CPL, then the English that has happened there for the last years. I remember very clearly, Mr Speaker, I remember very clearly this history. I read my book. When you were building the Darren Sammy grounds, when you were building Darren Sammy grounds, Mr Speaker, we had to take a decision between spending some money on the Mindu Philip Park or saving the honourable, I can call his name, Mario Michel was the Minister of Education and Sports and I was the Minister of Tourism and Minister of the Parliament for Cachesies. As usual, they always wanted for many problems among ourselves, among us. They always believed they have some secret. They want to fight with that one and that one with that one and the fighting. Between Mario and myself on use, on the decision to not so we decided that we will not have the Australian tour in Mindu Philip Park. They made a big fuss about the Mindu Philip Park a big fuss, as usual. So this time, we are going to be repairing both the Mindu Philip Park and the Darren Sammy grounds, Mr Speaker. So Mr Speaker, I know other members we want to talk about the benefits of the World Cup and other members we want to speak about the infrastructure of the sports facilities that day that they want to happen, Mr Speaker. Mr Speaker, that's another investment in the young people of Saint Lucia and talking about investment in the youth, Mr Speaker. Did you see what happened in Souffre with Island Chums, Mr Speaker? Did you see it's the largest sports gathering for a long time in Saint Lucia. How it was accepted, Mr Speaker and, Mr Speaker, is it by coincidence that we see such infusion of interest in sports and interest in youth development and interest in youth going to business, Mr Speaker? Because, Mr Speaker, because it's targeted because we respect young people, Mr Speaker. In fact, even though there are segments of who want to try to put a wedge between our government and our youth policy, Mr Speaker. Our youth policy is clear just like education. No government has done more for young people than the government of the Saint Lucia Labour Party. No government. There's never a perfect policy you can find downsides in all policies. But when you come and try to denigrate our contribution, Mr Speaker, these are the facts so for themselves, Mr Speaker. Mr Speaker, I'd like members to support this guarantee. It's a guarantee. It will not be paid from any of the financial rules. It has to be treated as a contingent to the government. But the government will not have to pay unless the National Legislative Authority cannot make payments. And the history of the National Legislative Authority has shown that they have made the payments for any loans they have taken, including the Dharan Sami grounds. I thank you, Mr Speaker. Honourable members, the question is that parliament authorises the Minister for Finance to guarantee an amount of EC, $80 million from first national banks and Lucia limited the bank to the National Legislative Authority to assist in the financing of a youth and sports infrastructure programme. But it further resolved that the loan is repairable in 15 years in bi-annual payments of $3,571,993. and 78 cents inclusive of interest at a rate of 4% per annum for the term of the loan. Memo for Souzao. Thank you, Mr Speaker. If you have any problems, you can hear me. I might be in here. More play later.