Orders in Council Database

Under the authority of the Loan and Guarantee Act, 1957, the Lieutenant Governor in Council is pleased to authorize the Minister of Finance to renew the $2.1M loan guarantee on behalf of the Torngat Fish Producers Co-operative Society Limited to cover working capital requirements, for a period of one year and subject to the following terms and conditions:

i)  the Province to maintain its existing security;

ii)  payment of 1% guarantee fee; and

iii)  such other terms and conditions as the Department of Finance, the Department of Justice, the Department of Labrador and Aboriginal Affairs and the Department of Fisheries and Aquaculture deem necessary to secure the province’s interest.