Thank you, Mr. Speaker. I will direct my question to the same Minister. I would like to ask him a question pertaining to the Business Loans and Guarantees Fund regarding its interest rate guidelines. Mr. Speaker, the bank rate is now the lowest it has been for the past number of years. It is my understanding that the Business Loans and Guarantees Fund interest rates are fixed on a quarterly basis where the rate is adjusted to two per cent below the prime rate. Is the rate adjusted automatically on a quarterly basis, or is it adjusted only upon application by the client?
Henry Zoe on Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
In the Legislative Assembly on December 10th, 1991. See this statement in context.
Question O15-12(1): Interest Rate Guidelines For Business Loans And Guarantees Fund
Item 5: Oral Questions
December 9th, 1991
Page 27
See context to find out what was said next.