Enterprise Development Regulations (C.R.C., c. 969)

29. Subject to sections 33 and 34, the Minister may provide insurance on a loan made by a private lender to a person engaged or about to engage in a business in Canada that

• (a) provides services, directly or indirectly, to a manufacturer in Canada who is engaged in international trade competition if, in the opinion of the Minister, that person requires a loan to establish, restructure or improve his operations in order to improve the manufacturer’s position in international trade competition; or

• (b) provides services to business or government administration through the application of intellectual skills, knowledge, expertise or aptitude embodied in specific programs, procedures or systems, if, in the opinion of the Minister that person requires a loan to develop or exploit such programs, procedures or systems to improve his position in international trade competition.

30. Subject to sections 33 and 34, where a manufacturer or other person, or a trustee or receiver authorized by law to carry on the business of such manufacturer or other person, has previously obtained assistance by way of a loan or insurance on a loan or other financial obligation administered by the Minister pursuant to subsection 4(1), the Minister may provide insurance on a loan to the manufacturer or other person or to the trustee or receiver for the purpose of protecting the Crown’s interest in respect of the loan previously made or the loan or other financial obligation previously insured.

31. In this section and section 32,

“footwear”

“footwear” does not include footwear, the main component of which is canvas; (chaussure)

“manufacturer”

“manufacturer” means

• (a) an individual, firm or corporation or a division thereof in Canada that

  • (i) on January 1, 1974 was engaged in a manufacturing or processing activity in the footwear or tanning industry, or both, or

  • (ii) acquires from an individual, firm or corporation or division thereof referred to in subparagraph (i), the whole or a significant portion of its manufacturing or processing activity,

• (b) any corporation restructuring by means of the acquisition of one or more corporations or divisions thereof referred to in paragraph (a),

• (c) a corporation formed after January 1, 1974 by the amalgamation or merger of two or more corporations or divisions thereof referred to in paragraph (a), or

• (d) a corporation or partnership formed by two or more individuals, firms, corporations or divisions thereof referred to in paragraph (a), (b) or (c) for the purpose of undertaking and performing an activity directly related to their manufacturing or processing activities; (fabricant)

“restructure”

“restructure” means a change that, in the opinion of the Minister, is significant in the operations of a manufacturer with respect to his products, methods of production, markets or management procedures and includes, if directly related to such operations,

• (a) the acquisition, amalgamation or merger of one or more manufacturers described in the definition “manufacturer” or the formation of a corporation or partnership described in paragraph (d) thereof,

• (b) the acquisition of working capital, or

• (c) the acquisition, construction or conversion of machinery, equipment, buildings, land or other facilities. (restructuration)