This is page numbers 24 - 48 of the Hansard for the 12th Assembly, 1st Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was report.

Topics

Return To Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Item 5: Oral Questions

Page 27

The Speaker Michael Ballantyne

Mr. Zoe, supplementary.

Supplementary To Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Item 5: Oral Questions

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Henry Zoe

Henry Zoe North Slave

Mr. Speaker, my understanding is that it is not automatically adjusted on a quarterly basis. Is this what the Minister indicated?

Supplementary To Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Item 5: Oral Questions

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The Speaker Michael Ballantyne

Mr. Pollard.

Further Return To Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Item 5: Oral Questions

Page 27

John Pollard Hay River

Mr. Speaker, we adjust the rate that we loan money at each 90 days; every three months. It is based on Royal Bank plus two per cent, sir. If there is an existing loan that a client has with us at a particular rate that he or she received in a particular 90-day period, and they want to change that rate because, as the Member says, the rate has gone down, then they must apply to the department to reregister that loan. Thank you, Mr. Speaker.

Further Return To Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Item 5: Oral Questions

Page 27

The Speaker Michael Ballantyne

Oral questions. Supplementary, Mr. Zoe.

Supplementary To Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Item 5: Oral Questions

December 9th, 1991

Page 27

Henry Zoe

Henry Zoe North Slave

Mr. Speaker, I am having a difficult time here. Why does the Business Loans and Guarantees Fund not offer the floating rate options like the banks do? Why was this not considered when we put this program in?

Supplementary To Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Item 5: Oral Questions

Page 27

The Speaker Michael Ballantyne

I am not sure if it is fair to ask the Minister what was considered when the program was first put in. Mr. Pollard, would you like to try to answer the question?

Further Return To Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Item 5: Oral Questions

Page 27

John Pollard Hay River

Mr. Speaker, under the Northwest Territories Business Credit Corporation Act, regulation 51(i), it can be done by by making interest rates to certain classes of loans or to particular loans. I would think that we may be able to look at a floating interest rate, although some clients prefer to be locked in at a particular rate so they at least know what their payments are going to be. But certainly, if the Member wants us to look at it, we will do so.

Further Return To Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Item 5: Oral Questions

Page 27

The Speaker Michael Ballantyne

Oral questions. Mr. Koe.

Fred Koe Inuvik

Mr. Speaker, my question is directed to the Government Leader to clarify the government's position in regard to the approval of the Gwich'in final agreement. The final agreement, if approved, will position the Gwich'in to benefit from economic development, especially in areas of resource management and resource development and allow the Gwich'in to become major stakeholders in development of their area.

This is a simple statement of the positive impacts of the land claim, but it is apparent that the Government of the NWT takes a narrow vision of some of these benefits and is keen on the negative impacts of the government's budget, in particular, in the negotiations of their implementation plan seek only assurance that the land claim obligations will be carried out. Some of these are within the mandate of the GNWT, yet this government refuses to accept any financial burden over and above existing programs and services.

There is an agreement that these negotiations for a general principle protecting the GNWT's position, that all incremental costs will be paid by the Government of Canada. Is this government willing to take a leap of faith, based on a general principle that the Government of the NWT has no land claim financial obligation, and approve the Gwich'in final agreement?

The Speaker Michael Ballantyne

Thank you. Mr. Koe, your preamble went on a little bit too long. I would ask Members if they would be short and to the point with their preamble and get to the question. Madam Government Leader.

Nellie Cournoyea Nunakput

Mr. Speaker, I would like to take the question under advisement and answer it tomorrow.

The Speaker Michael Ballantyne

The Government Leader is taking the question as notice. Oral questions. Mr. Lewis.

Brian Lewis Yellowknife Centre

Thank you, Mr. Speaker. My question is to the Government Leader. I know Mr. Pollard is a man of his word because I served with him for four years. Would the Government Leader confirm that he did hand her his undated letter of resignation when he took his seat in the cabinet?

The Speaker Michael Ballantyne

Madam Government Leader.

Return To Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Item 5: Oral Questions

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Nellie Cournoyea Nunakput

Yes, Mr. Speaker, he did, and I am prepared to table it in the House.

Return To Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Item 5: Oral Questions

Page 28

The Speaker Michael Ballantyne

Mr. Lewis, supplementary.

Supplementary To Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Item 5: Oral Questions

Page 28

Brian Lewis Yellowknife Centre

Thank you, Mr. Speaker. I would like to ask the Government Leader, because I believe she needs to have this kind of clout in our kind of government -- would she tell this House whether other Members of her cabinet have taken Mr. Pollard's lead to give her an undated letter of resignation following Mr. Pollard's example?

Supplementary To Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Item 5: Oral Questions

Page 28

The Speaker Michael Ballantyne

Madam Government Leader.

Further Return To Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Item 5: Oral Questions

Page 28

Nellie Cournoyea Nunakput

Thank you, Mr. Speaker. I have received from one other Member the indication that he plans to proceed in giving me a letter the same as Mr. Pollard, however, we have been very busy and I have not been hounding anyone to give me the letter. We have one coming and the others have not, at this time, given me a letter.

Further Return To Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Item 5: Oral Questions

Page 28

The Speaker Michael Ballantyne

Further supplementary, Mr. Lewis.

Supplementary To Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Item 5: Oral Questions

Page 28

Brian Lewis Yellowknife Centre

Thank you, Mr. Speaker. Would the Government Leader make a formal request to every Member of her cabinet to follow Mr. Pollard's example that they would, in fact, give her an undated letter of resignation?

Supplementary To Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Item 5: Oral Questions

Page 28

The Speaker Michael Ballantyne

Madam Government Leader.

Further Return To Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Item 5: Oral Questions

Page 28

Nellie Cournoyea Nunakput

Mr. Speaker, I think Mr. Pollard has indicated to the rest of the Members that he did give the letter and they were shown a copy of the letter, and we have discussed the issue. I would hope at this time that this would be coming voluntarily, and I would appreciate if I did not have to give a formal request in writing because we have discussed it, and I feel confident that these letters will be forthcoming. Thank you.

Further Return To Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Question O17-12(1): Undated Letter Of Resignation From Hon. John Pollard
Item 5: Oral Questions

Page 28

The Speaker Michael Ballantyne

Oral questions. Oral questions. Mr. Koe.