General Adjustment Assistance Regulations (C.R.C., c. 971)

16 (1) The amount of any insurance provided by the Board under these Regulations may be reduced at the request of the private lender at such times and in such manner as is specified by the Board.

(2) The insurance fee payable by a private lender shall be one per cent per annum of the amount of insurance in force from time to time and shall be paid in advance to Her Majesty in semi-annual instalments.

(3) If the amount of a loan by a private lender to a manufacturer or to a person or group of persons described in subsection 14(3), (4), (5) or (6) is advanced in periodic advances, the Board may, if required by the private lender, approve interim insurance and the insurance fee payable by the private lender shall be one per cent per annum of the amount of such interim insurance payable at the time such interim insurance is provided by the Board.

(4) Where, in the opinion of the Board, it is advisable to obtain a stock option for the purchase of capital stock in a corporation in connection with the provision of insurance on a loan or a letter of credit made to that corporation pursuant to these Regulations, the Board may, in addition to the insurance fee, obtain a stock option for the acquisition of shares in that corporation upon such terms and conditions as the Board deems proper.