Canada Cycle and Motor Company Limited Enterprise Development Regulations

SOR/78-415APPROPRIATION ACTS
APPROPRIATION ACT NO. 3, 1977
Registration 1978-05-04
Regulations Respecting Enterprise Development Program Assistance to Canada Cycle and Motor Company
P.C. 1978-1392 1978-04-27His Excellency the Governor General in Council, on the recommendation of the Minister of Industry, Trade and Commerce and the Treasury Board, pursuant to section 7 of the Department of Industry, Trade and Commerce Act and Vote 1, Vote L25 and Vote L30 of Appropriation Act No. 3, 1977, is pleased hereby to make the annexed Regulations respecting Enterprise Development Program Assistance to Canada Cycle and Motor Company.Short Title

1 These Regulations may be cited as the Canada Cycle and Motor Company Limited Enterprise Development Regulations.

Interpretation

2 In these Regulations, all words and expressions have the same meaning as in the Enterprise Development Regulations.

Special Insurance Fee Arrangements

3 Notwithstanding subsection 37(2) of the Enterprise Development Regulations, the insurance fee payable by a private lender in respect of loans not exceeding twelve million dollars in the aggregate to Canada Cycle and Motor Company Limited shall be paid in advance to the Board in semi-annual instalments except that insurance fees payable during the period from March 31, 1978 to September 30, 1979 shall be paid in six semi-annual instalments commencing March 15, 1980.