Statutes of Newfoundland 1998 Chapter 5

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Statutes of Newfoundland 1998

CHAPTER 5 CHAPTER 5

AN ACT TO AMEND THE LOAN AND
GUARANTEE ACT, 1957
(Assented to June 5, 1998)

Analysis

1. Schedule Amdt.

2. 1987 c.31
Schedule Amdt.

3. 1989 c.8
Schedule Amdt.

4. 1991 c.6
Schedule Amdt.

5. 1993 c.11
Schedule Amdt.

6. Schedule Amdt.

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

1957 No.70
as amended

1. The Schedule to The Loan and Guarantee Act, 1957 is amended by adding the following:

Integrated Poultry Limited	$10,000,000	October 29, 1997	N/A
Integrated Poultry Limited	$1,000,000	October 29, 1997	N/A
Newfoundland Farm Products Corporation	$6,500,000	January 30, 1997	N/A
S.C.B. Fisheries Limited	$2,600,000	August 5, 1997	N/A
Torngat Fish Producers Co-operative Society Limited	$1,500,000	October 17, 1997	May 31, 1998
Torngat Fish Producers Co-operative Society Limited	$600,000	October 17, 1997	May 31, 1998

1987 c.31
Schedule Amdt.

2. The Schedule to the Act is further amended by amending the Schedule, as enacted by chapter 31 of 1987, as follows:

(a) Item 15 - Newfoundland Ocean Enterprises Limited - as amended by paragraph 6(f) of chapter 8 of 1989, paragraph 5(b) of chapter 41 of 1990, paragraph 3(b) of chapter 11 of 1993, paragraph 3(b) of chapter 30 of 1993, section 2 of chapter 6 of 1994, section 2 of chapter 9 of 1995 and paragraph 2(a) of chapter 6 of 1996, is further amended

(i) by striking out the statutory amount "$62,400,000" and substituting the statutory amount "$67,400,000",

(ii) by striking out the statutory amount "$67,400,000" and substituting the statutory amount "$67,650,000", and

(iii) by striking out the statutory amount "$67,650,000" and substituting the statutory amount "$72,150,000"; and

(b) Item 22 - A.L. Stuckless and Sons Limited - as amended by paragraph 6(i) of chapter 8 of 1989, paragraph 3(b) of chapter 5 of 1990, paragraph 2(a) of chapter 6 of 1991, paragraph 3(a) of chapter 4 of 1992, paragraph 3(c) of chapter 11 of 1993, section 2 of chapter 16 of 1994 and paragraph 2(b) of chapter 6 of 1996, is further amended by striking out the date of expiry "April 30, 1996" and substituting the date of expiry "N/A".

1989 c.8
Schedule Amdt.

3. The Schedule to the Act is further amended by amending Item 10 - Fogo Island Co-operative Society Limited - as enacted by chapter 8 of 1989, as amended by paragraph 4(b) of chapter 27 of 1989, paragraph 6(b) of chapter 41 of 1990, paragraph 4(a) of chapter 4 of 1992, paragraph 4(b) of chapter 11 of 1993, paragraph 4(a) of 1993, paragraph 3(b) of chapter 16 of 1994 and section 3 of chapter 6 of 1996

(a) by striking out the date of expiry "April 30, 1996" and substituting the date of expiry "April 30, 1997";

(b) by striking out the date of expiry "April 30, 1997" and substituting the date of expiry "N/A"; and

(c) by striking out the statutory amount "$1,000,000" and substituting the statutory amount "$2,000,000".

1991 c.6
Schedule Amdt.

4. The Schedule to the Act is further amended by amending Item 2 - Smith Seafoods Limited - as enacted by chapter 6 of 1991, as amended by section 6 of chapter 11 of 1993, section 6 of chapter 30 of 1993, section 3 of chapter 6 of 1994 and section 4 of chapter 6 of 1996

(a) by striking out the date of expiry "November 30, 1995" and substituting the date of expiry "November 30, 1996"; and

(b) by striking out the date of expiry "November 30, 1996" and substituting the date of expiry "N/A".

1993 c.11
Schedule Amdt.

5. The Schedule to the Act is further amended by amending the Schedule, as enacted by chapter 11 of 1993, as follows:

(a) Item 1 - Atlantic Group Limited - as amended by paragraph 5(a) of chapter 16 of 1994 and paragraph 5(a) of chapter 6 of 1996, by striking out the date of expiry "March 31, 1996" and substituting the date of expiry "March 31, 1997";

(b) Item 3 - Earle Brothers Fisheries Limited - as amended by paragraph 7(a) of chapter 30 of 1993, paragraph 5(b) of chapter 16 of 1994 and paragraph 5(b) of chapter 6 of 1996,

(i) by striking out the date of expiry "April 30, 1996" and substituting the date of expiry "April 30, 1997", and

(ii) by striking out the date of expiry "April 30, 1997" and substituting the date of expiry "N/A";

(c) Item 6 - P. Janes and Sons Limited - as amended by paragraph 7(c) of chapter 30 of 1993 and paragraph 5(c) of chapter 16 of 1994

(i) by striking out the date of expiry "April 30, 1995" and substituting the date of expiry "April 30, 1997",

(ii) by striking out the date of expiry "April 30, 1997" and substituting the date of expiry "N/A",

(iii) by striking out the statutory amount "$800,000" and substituting the statutory amount "$400,000", and

(iv) by striking out the statutory amount "$400,000" and substituting the statutory amount "$800,000".

6. The schedule to the Act is further amended by amending the Schedule as enacted by section 1 of this Act as follows:

(a) Item 3 - Newfoundland Farm Products Limited -

(i) by striking out the statutory amount "$6,200,000" and substituting the statutory amount "$8,200,000", and

(ii) by striking out the statutory amount "$8,200,000" and substituting the statutory amount "$10,200,000"; and

(b) Item 4 - S.C.B. Fisheries Limited -

(i) by striking out the statutory amount "$2,600,000" and substituting the statutory amount "$4,000,000", and

(ii) by striking out the statutory amount "$4,000,000" and substituting the statutory amount "$5,000,000".

©Earl G. Tucker, Queen's Printer