Mr. Chairman, there has been some advancement in kind by the Power Corporation in the way of work being done by the Power Corporation for Dogrib Power. That is the way this thing started out. I think the Premier mentioned yesterday the great involvement she had with Mr. Zoe in this particular regard. Money was required to be advanced against the project and to get it this far, it has been using short-term financing, Mr. Chairman, which is somewhat more expensive than the long-term financing. That is the way that it is being funded at the present time.
John Pollard on Bill 18: Northwest Territories Energy Corporation Limited Loan Guarantee Act
In the Legislative Assembly on April 6th, 1995. See this statement in context.
Bill 18: Northwest Territories Energy Corporation Limited Loan Guarantee Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
April 5th, 1995
Page 881
John Pollard Hay River
See context to find out what was said next.