OIC Number: 2003 - 203

Date of Order: May 09, 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 April 11, 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 Order in Council 92-1162 dated December 1, 1992, is pleased to: (

a) approve the granting of a loan to Gregory R. and Nancy E. Benvie in the amount of $470,000 plus a processing fee in the amount of $1,200 to assist in installing an insulated ceiling in the dairy barn, to purchase a portion of the Hugh W. Kaulback property and to purchase 15 kgs of Total Production Quota, under the terms and conditions 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 6.30%.

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