Mr. Speaker, I believe that all Members of this Legislature are interested in becoming more familiar with the Business Credit Corporation and the NWT Development Corporation, just as I am as a new Minister. I believe that all of us have to be familiar with the nature of the businesses that are conducted by these corporations. It seems to me it's a very fair question and good request to say, for instance that the Business Credit Corporation should tell us, in their view, what is the percentage of risk that they see in the business that they're in, in comparison to, let's say, the Bank of Commerce. We know that banks want almost a 100 per cent guarantee that whatever money they lend out is secured in assets or through a guaranteed return. We know that the Business Credit Corporation and the NWT Development Corporation are targeting just below that somewhere; perhaps, way below that. I'm not sure what it is, but I believe we should ask that question and I would be prepared to do that and share that with Members as soon as I get a response to that. Thank you.
Stephen Kakfwi on Question 216-13(3): Utilization Of Collection Agencies By GNWT
In the Legislative Assembly on May 14th, 1996. See this statement in context.
Further Return To Question 216-13(3): Utilization Of Collection Agencies By GNWT
Question 216-13(3): Utilization Of Collection Agencies By GNWT
Item 6: Oral Questions
May 13th, 1996
Page 340
See context to find out what was said next.