Thank you, Mr. Speaker. In these financial difficult times, whether or not the NWT Development Corporation is a good idea, I believe the Member asked, I think it is more important today than it was when we had more money. We have less money nowadays, and it's an important vehicle to create economic activity in the community and help develop the renewable resource sector and other business ventures that are in level II and III communities that have unemployment rates as high as 85 and 90 per cent. It is the only hope for our younger generation to get into the wage economy and be productive. Statistics have proven that the suicide rate doubled, especially in the Eastern Arctic, when Greenpeace got their way to save the seals and basically killed Inuit at the same time. But they did get their way and they killed the sealing industry and it had a devastating effect on our young Inuit population.
We see the Development Corporation hopefully developing markets for seal products and help to generate that economy, as well as the fur in the West with a tannery, and the food industries and the renewable resource sector. So I believe it's one of the best things that we have going. Thank you, Mr. Speaker.