Thank you. Mr. Chairman, I won't exhaust you too much longer other than to be allowed to go back and have enough time in my previous address to the Minister. I just want to talk about two very important things that I feel I would remiss if I didn't address them at this point and that he may have missed in his opening comments. Again, Mr. Chairman, to the Minister, if we were to foster investment in the Northwest Territories, I would still like to pursue the idea of a community banking system, which I most ardently expressed in my reply to the opening address as a means to try to help develop local economies, local businesses, and take advantage of the opportunities that exist today in our rapidly growing economy. I still think with the number of investments we are exporting to southern institutions leads me to believe that in terms of cash value, we should have a cash asset over $1 billion, considering if we were to bring back our actuaries, the private public pension plan, superannuation plans, land claimant dollars, and you could list them all. Even if we were to generate sufficient revenues from the interest alone, I am sure we could radically change our fiscal position in the Territories. I just want to raise that point to the Minister that I find in your acts that you do have a Credit Union Act in the Territories and it remains dormant in our political system as well as the administrative system.
Another one that is very near and dear to ourselves in the Mackenzie Delta is in the context of pipeline unions, and as we continue to liaise with different sections of that economy, we are finding that we are trying to play catch up. Without direct discussion with the pipeline unions, we won't be able to identify the high-tech jobs and, as you know, if you talk to industry, they are very far behind in not only union but also technology standards. All you have to do, Mr. Minister, is that if you go south of the 60th parallel, you will find that the standards of employment change quite drastically from the NWT. I believe one of the areas that was raised to me in my meeting last Saturday in High Level -- a day after the Health and Social Services Minister was there -- was that there is a huge gap between highly-skilled employees and those who need huge investments in training programs. I strongly believe that you need to really sit down with your colleague, the Minister of ECE, to identify and meet with the union bosses to strengthen our union ties with them, and I am pleased to see that the Union of Northern Workers has addressed a letter to myself that is in contrast to the department's response. I think we need to really be cognizant of that fact.
Those are the two areas. I will be pursuing questions later on, Mr. Chair. At the moment I want to take the opportunity to elaborate on the importance of those two areas I missed earlier. So I thank you for your indulgence. Thank you.