Thank you, Madam Chair. If the MIC were to go ahead, what impact would this have on the banks? Presently, I know that we've had some difficulty in trying to encourage the banks to get out and lend to the residents in the smaller communities. Is it possible that they may back off now and just leave this up to the Mortgage Investment Corporation as far as what loans will take place and so on? Will they back away from what I consider their responsibility in the smaller communities, where they would offer a lower rate of, I believe it's 1.5 per cent? Thank you.
Kevin O'Brien on Committee Motion 12-13(3): To Amend Clause 3(2) Of Bill 11, Carried
In the Legislative Assembly on May 28th, 1996. See this statement in context.
Committee Motion 12-13(3): To Amend Clause 3(2) Of Bill 11, Carried
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
May 28th, 1996
Page 719
Kevin O'Brien Kivallivik
See context to find out what was said next.