Thank you. Your motion is in order. To the motion.

Question.

Question has been called. All those in favour? All those opposed? Bill 15 has had first reading.

---Carried

Item 16, first reading of bills. The honourable Member for Hay River, Mr. Pollard.

Thank you, Madam Speaker. Madam Speaker, I seek unanimous consent to proceed with first reading of Bill 17, Loan Authorization Act, 1994-95. Thank you.

Thank you. The honourable Member is seeking unanimous consent to proceed with Bill 17. Are there any nays? There are no nays. Proceed, Mr. Pollard.

Thank you, Madam Speaker, and Members. Madam Speaker, I move, seconded by the honourable for Nunakput, that Bill 17, Loan Authorization Act, 1994-95, be read for the first time. Thank you, Madam Speaker.

Thank you. Your motion is in order. To the motion.

Question.

Question has been called. All those in favour? All those opposed? Motion is carried.

---Carried

Item 16, first reading of bills. Item 17, second reading of bills. The honourable Member for Hay River, Mr. Pollard.

Thank you, Madam Speaker. I seek unanimous consent to move to second reading of Bill 15, An Act to Amend the Income Tax Act. Thank you, Madam Speaker.

The honourable Member is seeking unanimous consent to proceed with Bill 15. Are there any nays? There are no nays. Proceed, Mr. Pollard.

Thank you, Madam Speaker, and Members. Madam Speaker, I move, seconded by the honourable for Nunakput, that Bill 15, An Act to Amend the Income Tax Act, be read for the second time. Madam Speaker, this bill amends the Income Tax Act to increase the corporate income tax rate effective January 1, 1994, and provides for the rates to be prorated for corporations whose fiscal years span both calendar years of 1993 and 1994. Thank you, Madam Speaker.

Thank you. Your motion is in order. To the principle of the bill.

Question.

Question has been called. All those in favour? All those opposed? Bill 15 has had second reading and accordingly the bill stands referred to a committee.

---Carried

Item 17, second reading of bills. The honourable Member for Hay River, Mr. Pollard.

Thank you, Madam Speaker. Madam Speaker, I seek consent to proceed with second reading of Bill 17, Loan Authorization Act, 1994-95. Thank you, Madam Speaker.

The honourable Member is seeking consent to proceed with Bill 17. Are there any nays? There are no nays. Mr. Pollard, proceed.

Thank you, Madam Speaker, and Members. Madam Speaker, I move, seconded by the honourable Member for Nunakput, that Bill 17, Loan Authorization Act, 1994-95, be read for the second time. Madam Speaker, this bill authorizes the Commissioner, or a Minister acting on behalf of the Commissioner, to make loans during the 1994-95 fiscal year to municipalities and boards of education. Thank you, Madam Speaker.

Thank you. To the principle of the bill.

Question.

Question has been called. All those in favour? All those opposed? Bill 17 has had second reading and accordingly the bill stands referred to a committee.

---Carried

Item 17, second reading of bills. Item 18, consideration in committee of the whole of bills and other matters: Bill 1, Appropriation Act, No. 2, 1994-95; Committee Report 2-12(5), Report of the Review of the 1994-95 Main Estimates; Minister's Statement 5-12(5), Session Business; Tabled Document 1-12(5), Towards an NWT Mineral Strategy; Tabled Document 2-12(5), Building and Learning Strategy; Tabled Document, 34-12(5), Tradition and Change, A Strategy for Renewable Resource Development in the NWT, February 1994; Bill 15, An Act to Amend the Income Tax Act; and, Bill 17, Loan Authorization Act, 1994-95 -- I apologize, not bills 15 and 17 -- with Mr. Ningark in the chair.

Thank you. The committee will now come to order. What is the wish of the committee? Mr. Dent.

Thank you. Mr. Pollard.