Mr. Chairman, I just wanted to note something, to clear up any misconceptions. At the beginning, there were some comments made and I want to clear them up for the record. On the privatization of the Power Corporation, to have the government guarantee future loans, in terms of the proposals we had on the table, there was no request for a guarantee for the future loans on the privatization.
In terms of the comments on its stability, it is very difficult for the Power Corporation to say what is a good year, what is a bad year and how it will break out. These are the questions out there. When we took over the Power Corporation from the federal Crown, what I remember most is trying to get the records from the Edmonton office. Part of the reason those records weren't available, we were told, is because they would move on occasion and the Power Corporation was split and part of it went to the Yukon. So we really couldn't get a lot of those records, so when we took it over, we had to do the best we could with the information we had to make sure we had enough in place and got the Power Corporation for such a price, that we could make up for some of the environmental concerns and some of the records that weren't there.
I would like to say, on record, that I give a great deal of respect and confidence to the board of directors of the Power Corporation, to their very dedicated time they had to spend to make sure even though there were unknowns out there, they were able to tie it together and still be a good corporate citizen to the many communities, whether they are small or large, and respond to needs.
I really have to say, even in the privatization, I felt very sincerely that we had to put something on the table to start discussions, consider options and people can have input. We do have a lot of aboriginal businesses out there who need some good business deals in the Northwest Territories. There aren't very many and I have said that time and time again. It needs to move forward in such a way that it is northern owned. The NWT residents own the corporation. If the time is not right now, it can be explored further in the next Legislature. I believe that enough work has been done and the data has been prepared, so the next Assembly can weigh that information. I hope that we have done an adequate job, so in the next round people will have the information. They can ask what is a good deal and what are some of the perils and outstanding issues. Thank you, Mr. Chairman.