OIC Number: 2002 - 406

Date of Order: Sep 13, 2002

Statute: Agriculture and Rural Credit Act

OIC Text: The Governor in Council on the report and recommendation of the Minister of Agriculture and Fisheries dated July 26, 2002, pursuant to Sections 7 and 8 of

Chapter 7 of the Revised Statutes of Nova Scotia, 1989, the Agriculture and Rural Credit Act, and Sections 10 and 13 of the Nova Scotia Farm Loan Board Regulations made by the Governor in Council by Order in Council 92-1162 dated December 1, 1992, is pleased to: (

a) approve the granting of a loan to Robert and Caroline Carree of R.R.#3 Aylesford, Kings County, in the amount of $1,227,100 plus a processing fee of $1,200 to assist in the purchase of a dairy farm under the terms and conditions as described in

Schedule "A" attached to and forming part of the report and recommendation; and (

b) determine the rate of interest to be charged on this loan to be 7.50%.

Department(s): Agriculture and Fisheries (Sept 2000 - Feb 2006)