Mr. Speaker, I am very pleased today to take part in the debate of Bill C-21 on behalf of our critic for the area, the member for Regina—Lumsden—Lake Centre, who unfortunately cannot be with us today.
Our party intends to support Bill C-21 and co-operate in its speedy passage through the House in order to allow the continuation of the small business loan program which is currently set to expire on March 31, 1998.
The purpose of the program is to increase the availability of loans for establishing new spending, modernizing and improving small business enterprises. This is an objective that we share in the New Democratic Party. Small businesses are a growing and vital part of our Canadian owned economy, creating the lion's share of new jobs in the new economy. This comes right from the auditor general.
I want to mention a few things regarding the amendment put forth by the member for Saskatoon—Humboldt. If the SBLA does not continue past March 31, there is a possibility that 1,200 Saskatchewan small businesses receiving a small business loan will be left without SBLA financing after April 1.
I am wondering if the hon. gentleman would like to tell the small businesses in his riding, many of which probably fall under this category, what he plans to do for them after April 1.
I would also like to relate a little to my own province of Nova Scotia where a growing sector there is small business. Unfortunately small businesses cannot go to the banks because the banks are very tight fisted with the money when it comes to small business loans.
That is most unfortunate because these people are encouraged. They are told to upgrade their training, do this and do that, then they can run their own business and become profitable. They find it very difficult to get access to finances to create their businesses.
The Reform Party is finally showing its true colours as the mouth piece for big business. It supports the monster merger of the Royal Bank and the Bank of Montreal and they want to hand over our financial sector to foreign banks.
I cannot see where that is going to help any small businesses in this country in the long run. A business cannot be started with this ideology. Anyone can put food on the table, but it cannot be done with just good will. We need small businesses and they need access to financing. I find it unacceptable that the Reform Party would try to delay, in any way, this very important bill.
On behalf of all small businesses in this country, especially those in Atlantic Canada, we encourage all parties of the House to support the bill and its speedy passage.