Mr. Speaker,

I MOVE, seconded by the honourable Member for Inuvik Twin Lakes, that Bill 1, An Act to Amend the Northwest Territories Business Credit Corporation Act, be read for the second time.

Mr. Speaker, this bill increases the limit for loans, bond guaranteed loans or indemnified bonds that may be made to or in respect of one business enterprise and any related business enterprise to $2 million. Thank you, Mr. Speaker.