Thank you, Mr. Speaker. Mr. Speaker, I request unanimous consent to waive Rule 93(4) and have Committee Report 1-14(4) moved into committee of the whole for tomorrow.

Thank you, Mr. Dent. The honourable Member is seeking unanimous consent to waive Rule 93(4) and have Committee Report 1-14(4) moved into committee of the whole. Are there any nays? There are no nays. The report is forwarded to committee of the whole for tomorrow. Thank you. Item 9, reports of standing and special committees. Item 10, tabling of documents.

At this time, in accordance with section 35 of the Legislative Assembly and Executive Council Act, I wish to table the Annual Report Respecting Members' Indemnities and Expenses for the Fiscal Year Ending March 31, 2001.

I would also like to table the following in accordance with section 42 of the Legislative Assembly and Executive Council Act. I wish to table a copy of the Amendment to Section 6 of the Indemnities, Allowances and Expense Regulations.

In accordance with section 19 of the Indemnities, Allowances and Expense Regulations, I wish to table the Members' declarations made under section 14 in respect of residency during the previous fiscal year.

In accordance with section 99 of the Legislative Assembly and Executive Council Act, I wish to table the Annual Report of the Conflict of Interest Commissioner for the period July 15, 2000, to April 30, 2001. Item 10, tabling of documents. Item 11, notices of motion. Item 12, notices of motion for first reading of bills. The Chair recognizes the honourable Member for Weledeh, Mr. Handley.

Mr. Speaker, I have four notices of motion for first reading of bills.

Mr. Speaker, I give notice that on Thursday, June 7, 2001, I will move that Bill 1, An Act to Amend the Northwest Territories Business Credit Corporation Act, be read for the first time. Thank you, Mr. Speaker.

Mr. Speaker, I give notice that on Thursday, June 7, 2001, I will move that Bill 2, An Act to Amend the Income Tax Act, be read for the first time. Thank you.

Mr. Speaker, I give notice that on June 7, 2001, I will move that Bill 3, An Act to Amend the Legislative Assembly and Executive Council Act, be read for the first time. Thank you.

Mr. Speaker, I give notice that on Thursday, June 7, 2001, I will move that Bill 4, Supplementary Appropriation Act No. 1, 2001-2002, be read for the first time. Thank you, Mr. Speaker.

Thank you, Minister Handley. Item 12, notices of motion for first reading of bills. Item 13, motions. Item 14, first reading of bills. The honourable Member for Weledeh, Mr. Handley.

Thank you, Mr. Speaker. I seek unanimous consent to proceed with the first reading of Bill 1, An Act to Amend the Northwest Territories Business Credit Corporation Act. Thank you.

Thank you, Mr. Handley. The honourable Member is seeking unanimous consent to proceed with first reading of Bill 1. Are there any nays? There are no nays. Mr. Handley.

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 first time. Thank you, Mr. Speaker.

Thank you, Mr. Handley. The motion is in order. To the motion. Question has been called. All those in favour, please signify. Thank you. All those opposed? The motion is carried. Bill 1 has had first reading. Item 14, first reading of bills. Item 15, second reading of bills. The honourable Member for Weledeh, Mr. Handley.

Mr. Speaker, I seek consent to proceed with the second reading of Bill 1, An Act to Amend the Northwest Territories Business Credit Corporation Act. Thank you.

Thank you, Minister Handley. The honourable Member is seeking consent to proceed with the second reading of Bill 1. Are there any nays? There are no nays. You may continue, Mr. Handley.

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.

Thank you, Minister Handley. The motion is in order. To the principle of the bill. The honourable Member for Mackenzie Delta, Mr. Krutko.

Thank you, Mr. Speaker. With regard to the bill that is in front of us, I would like to know whether that also includes the present guaranteed loans for the secondary diamond industry, where they have a loan guarantee of a million dollars? Is this going to be part and parcel of this new bill?

Thank you. To the principle of the bill. Minister Handley.

Mr. Speaker, the change in the limits with the Business Credit Corporation affects any businesses that would be applying for loans. Currently, the loan guarantees that are with the diamond manufacturing companies are not through the Business Credit Corporation, so there will be no impact on them with this.

This bill, Mr. Speaker, is meant to help industry, particularly in the oil and gas area where they are wanting to make investments, buy equipment and so on. With the cost of that equipment, $1 million is not a sufficient level. Thank you.

Thank you, Minister Handley. To the principle of the bill. Question has been called. All those in favour? Thank you. All those opposed? The motion is carried. Bill 1 has had second reading and is therefore referred to a committee. Item 15, second reading of bills. Item 16, orders of the day. Mr. Clerk.