Under the authority of section 48 of the Financial Administration Act, the Lieutenant Governor in Council is pleased to order as follows:
1) The aggregate of all outstanding amounts which may be raised by way of temporary loans by the Minister of Finance under authority of section 48 of the Financial Administration Act shall not exceed $1 billion Canadian;
2) The said temporary loans shall include:
a) the current $38 million weekly auction of 91 day treasury bills, which in the aggregate totals $494,000,000 Canadian, or such other amount as may be authorized by the Minister of Finance from time to time;
b) i) special treasury bills as may be necessary from time to time to meet short term cash requirements; and,
ii) a line of credit established with a Canadian chartered bank or other financial institution acceptable to the Minister of Finance; and,
c) provided that at any time the outstanding amount of any combination of temporary borrowings under this paragraph 2 shall not exceed $1 billion Canadian in the aggregate;
3) The 91 day treasury bills issued at a weekly auction, and the special treasury bills issued from time to time as required, may be issued by way of discounted or interest bearing treasury bills payable to bearer or to registered holders, or issued as depository notes;
4) Except as herein provided, the Minister of Finance may determine the manner, form, amounts, periods, rates of interest and other conditions, including conditions relating to discounting, premiums, charges and commissions, with respect to the raising of temporary loans. It shall be a condition of the issuance of treasury bills issued under paragraph 2 that they shall be payable in lawful money of Canada and that they shall have written, engraved, lithographed, printed or otherwise mechanically reproduced thereon the signature of the Minister of Finance and the Deputy Minister of Finance. The said treasury bills shall be sealed with the seal of the Department of Finance, which may be engraved, lithographed, printed or otherwise mechanically reproduced thereon and,
5) OC99-545 is hereby rescinded.