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• 4 (1) The Board shall administer loans made under these Regulations and shall perform such other duties and functions as the Minister of Industry, Trade and Commerce may assign to it.

• (2) The Minister of Industry, Trade and Commerce may, after June 30, 1973 and with the approval of the Governor in Council, assign to one or more departments or agencies of the Government of Canada the functions previously exercised by the Board in respect of the administration and servicing of loans made under these Regulations.

12 The Board shall keep such records and books and make such reports on its automotive adjustment assistance activities from time to time as the Minister of Industry, Trade and Commerce may require.

11 Any security given for a loan or guarantee provided pursuant to section 8 may, with the approval of the Board or such advisory or other committee as the Minister of Industry, Trade and Commerce may designate for the purpose, be surrendered, retransferred or reconveyed in exchange for other security.