The present Regulations enact the Forests Act. The Regulations lay down provisions relating to loans to persons for the purchase of forest lands on behalf of the Timber Loan Board. Section 3 lists requirements for eligibility and section 4 specifies details of application for assistance. The text consists of 14 sections. A loan, including a guarantee of a loan, may be for any purpose relating to the forest industry in the Province, including any of the following: (a) to acquire, develop or improve a forestry operation, a plant, machinery, buildings or equipment; (b) to acquire, develop or improve real or personal property that is used or intended to be used in a forestry-related business; (c) to make loans to a borrower for the purpose of paying out or refinancing that borrower’s existing loans; (d) to provide working capital for a business in the forest industry; (e) any other purpose that is in accordance with the object and purpose of the Board.
加拿大 · 1965-08-18