Fort-Falls Bridge Authority Act (S.C. 1970-71-72, c. 51)

1 In this Schedule,

• (a) average yield on long-term bonds of Canada means the simple arithmetic mean of the closing midmarket yields, as computed from yields published by the Bank of Canada, on all long-term bonds of Canada;

• (b) long-term bonds of Canada means marketable bonds issued by the Government of Canada payable in Canadian currency and due to mature in not less than ten years.

2 The maximum rate of interest on bonds issued by the Authority shall be one and one-quarter per cent plus as at the date of issue of such bonds the average yield on long-term bonds of Canada calculated to the nearest one-eighth of one per cent, or if the result is equidistant from two multiples of one-eighth of one per cent, to that multiple thereof that is the lower.