Thank you, Mr. Chairman. Mr. Chairman, I guess the Members may want to debate the merit of moving the project, but to try to call into question the process that’s established in saying we dislike the fact that the project or the idea of the project, the money being moved is in question. Let’s have the debate around the merit, the value of moving the project from one community to another. The process is identified. If the plan goes ahead, the dollars would be coming back to the Assembly, to the committees in the 2006-07 business plan to have that project established. What they’re seeking at...

Thank you, Mr. Chairman. Mr. Chairman, we would be able to supply information to committee members with the breakdown of it. It's not just one number, there are a couple of factors thrown in there that make a difference for future years. There is an offset to that loss of future sales of diamonds that are marked with the polar bear trademark, as through this process we have entered into an agreement that would see the GNWT receiving a fee for each diamond that is solely under the polar bear trademark. Thank you.

Thank you, Mr. Chairman. Mr. Chairman, with me I have the secretary to the FMB, Mr. Lew Voytilla.

Thank you, Mr. Chairman. I am here to introduce Bill 2, Supplementary Appropriation Act, No. 4, 2004-2005. This bill requests authority for additional appropriations of $20.520 million for operations expenditures for departmental over-expenditures in the 2004-05 fiscal year.

The request is being made to comply with the authorization process for over-expenditure of appropriations as provided for in the Financial Administration Act. Details of the over-expenditures are as follows:

$620,000 for the Department of the Executive, Financial Management Board Secretariat, that represents the over...

Thank you, Mr. Chairman. I believe there were 22 or 23 employees; it's one of those numbers. Twenty-two were employed there and as the new owners have taken over, I don't have the latest information if they have added or changed any of that. Thank you.

Thank you, Madam Speaker. I move, seconded by the honourable Member for Weledeh, that Bill 10, An Act to Amend the Income Tax Act, be read for the second time.

Madam Speaker, this bill amends provisions of the Income Tax Act to make them consistent with parallel provisions in the Income Tax Act (Canada) that relate to tuition and education credits, foreign tax credits, child tax benefits, deductions from tax and capital gains refunds for mutual fund corporations. Thank you, Madam Speaker.

Thank you, Mr. Chairman. Mr. Chairman, the receiver was Deloitte and Touche who does business in the North but does not have its operations here in the North, and their legal people that they used for some of this work, as well, are companies that are not headquartered here or stationed here. They do work in the North, but the majority, if not all this money, has gone to those companies that are outside the Territories.

As well, once you go to the courts and ask for a receiver and one is appointed, it is done. When we took this action, it was fairly new to us as the Government of the...

Thank you, Madam Speaker. I move, seconded by the honourable Member for Yellowknife South, that Bill 2, Supplementary Appropriation Act, No. 4, 2004-2005, be read for the first time.

Thank you, Mr. Chairman. Mr. Chairman, I guess since we are going into a little bit of history here, maybe I should do some of my own. Becoming the Minister responsible for this area and being briefed on the files that we had and the guarantees we had in place, I made a decision to bring this forward to my FMB colleagues and recommended that we act on these. The Arslanian factory deal was reached with the existing shareholders there as they managed to redo their work and come back to us with a better business plan and a more secure position for ourselves as the GNWT, and we accepted that...

Thank you, Madam Speaker. Madam Speaker, there is one way of looking at this. If we say we are going to take a percentage of this or take all the revenue that would come back to general revenues, which is used for programs and services delivered by Health and Social Services and the sales decline and the money starts to drop, what do we do then? The way we do it now is the Department of Health and Social services would come forward with a request for funding and ask for increases if they have new programs and services they want to deliver or enhance existing ones. With that, we would review...