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• 25 (1) Subject to sections 33 and 34, the Minister may provide insurance on a loan made by a private lender to a manufacturer, individual, firm or corporation in Canada, as the case may be, if, in the opinion of the Minister,

  • (a) in the case of a manufacturer, the manufacturer requires a loan

    • (i) to restructure his operations in order to improve his position in international trade competition,

    • [...]

    • (iii) to engage in the manufacture or production of products that will be subject to international trade competition;

  • (b) in the case of an individual, firm or corporation about to engage in a manufacturing or processing activity in Canada, the individual, firm or corporation requires a loan to engage in the manufacture or production of products that will be subject to international trade competition; or

• (2) Subject to sections 33 and 34 and subsection (3), the Minister, with the approval of the Treasury Board, may provide insurance on any loan made by a private lender to an individual, firm or corporation engaged or about to engage in the business of general contracting or special trades contracting in Canada, if, in the opinion of the Minister, the individual, firm or corporation requires a loan to restructure his or its operations in order to improve his or its position in international trade competition and the restructuring will improve his or its capability to undertake foreign turnkey and other capital projects that would result in significant benefits to Canada.

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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.

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• 2 (1) In these Regulations,

  contribution

  contribution means any contribution authorized under a Department of Industry, Trade and Commerce vote of an Appropriation Act; (contribution)

  Minister

  Minister means the Minister of Industry, Trade and Commerce; (ministre)

  [...]

• 32 (1) The Minister may provide insurance on a loan or loans, not exceeding $1,500,000 in the aggregate, made by a private lender to a manufacturer to assist that manufacturer in restructuring his manufacturing or processing activity if

  • [...]

  • (b) in the opinion of the Minister, the manufacturer requires the loan to restructure his operations in order to improve his position in international trade competition.

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