OIC Number: 2003 - 556

Date of Order: Dec 19, 2003

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 December 17, 2003, 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, under the terms and conditions described in

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

a) approve the granting of a loan to Pork Nova Scotia in the amount of $3,498,800.00 plus a processing fee of $1,200.00, to be distributed in two installments of $2.2 million in 2003-04 and $1.3 million in 2004-05, to provide loans to pork producers to stimulate, increase and improve the marketing and production of pork and pork products in Nova Scotia; and (

b) determine the rate of interest to be charged on this loan to be 5.8% per annum.

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